Goodwin Procter Advises Clayton in $305 Million Sale to Radian Group
Goodwin Procter recently advised Clayton Holdings in its sale to Radian Group for $305 million. According to terms of the agreement, Clayton became a subsidiary of Radian. The closing of the transaction was announced on July 1.
Tags: Goodwin Procter LLPAshland Inc.’s $1.8 Billion Sale of Water Technologies Business to Clayton, Dubilier & Rice
On February 18, 2014, Ashland Inc. announced it has signed a definitive agreement to sell Ashland Water Technologies to a fund managed by Clayton, Dubilier & Rice in a transaction valued at approximately US$1.8 billion. Cravath represented Ashland in connection with this transaction, which is expected to close by the end of Ashland’s fiscal year on September 30, 2014, contingent on certain customary regulatory approvals, standard closing conditions and completion of required employee information and consultation processes.
Davis Polk Advises Shire on Its Combination with AbbVie
Chadbourne Advises on US$508 Million of Construction Loans for Two US Wind Projects
Chadbourne & Parke represented the lenders, including the joint lead arrangers Société Générale and Bayerische Landesbank, New York Branch (BayernLB), in a US$222 million construction loan for the 150 MW Border Winds project in Rolette County, North Dakota and a US$286 million construction loan for the 200 MW Pleasant Valley Wind project in Mower and Dodge Counties, Minnesota. Both deals recently reached financial close.
Cahill Represents Initial Purchasers in $450 Million Notes Offering by Triangle Petroleum
Cahill represented J.P. Morgan, Credit Suisse, and BofA Merrill Lynch as joint book-running managers and Barclays, Citigroup, Johnson Rice & Company, Scotiabank, and Simmons & Company International as co-managers in connection with the Rule 144A offering of $450,000,000 aggregate principal amount of 6.75% Senior Notes due 2022 by Triangle USA Petroleum Corporation, an oil and gas exploration and development company. Proceeds from the offering were used for general corporate purposes.
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Allen & Overy advises Imperial Tobacco on USD7.1bn acquisition of Reynolds and Lorillard brands
Milbank Advises Senior Lenders on Financing of a Landmark Carbon Capture/Enhanced Oil Recovery Project in Texas
Milbank, Tweed, Hadley & McCloy LLP represented the lenders in connection with the senior debt financing for the Petra Nova Carbon Capture Project, a groundbreaking $1 billion carbon capture and sequestration (CCS) and enhanced oil recovery (EOR) project that is expected to be the world’s largest facility using captured carbon dioxide from an existing power facility to assist in extracting otherwise difficult-to-reach oil.
Tags: Milbank LLPMorgan Lewis Represents Kyo-ya Hotels & Resorts in $1.875 Billion Loan Financing
A team of Morgan Lewis lawyers advised Kyo-ya Hotels & Resorts, LP as the Hawaii based resorts owner’s real estate finance counsel in a $1.875 billion debt financing—believed to be among the largest loan facilities ever extended in Hawaii.
Tags: Morgan, Lewis & Bockius LLPPaul Hastings Represents Unifin Financiera, S.A.P.I. de C.V., SOFOM, E.N.R. in Inaugural US$400 Million Senior Notes Offering
Paul Hastings LLP, a leading global law firm, represented Unifin Financiera, S.A.P.I. de C.V., SOFOM, E.N.R., a leading Mexican specialty finance company focusing on the operating leasing industry. The US$400 million international bond offering was Unifin’s first ever financing in the international capital markets. Unifin specializes in operating leasing, factoring and auto and other lending in Mexico. The high-yield offering involved the issuance of US$400 million of 6.250% Senior Notes due 2019. The notes were issued pursuant to Rule 144A and Regulation S in an offering heard to be twelve times overscribed. The underwriters involved were Credit Suisse, Citigroup and Scotiabank.
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