Herbert Smith Freehills has advised the joint lead managers and joint bookrunners on Tata Motors Limited’s US$750 million dual-tranche fixed rate bond offering. The deal represents the first bond offering by an Indian corporate to take advantage of the new 5% withholding tax on foreign currency bond issuances by Indian entities. More >>
Tags: Herbert Smith Freehills Kramer LLP | Hong Kong | SingaporeDavis Polk advised The Hongkong and Shanghai Banking Corporation Limited, UBS AG, Hong Kong Branch, CCB International Capital Limited, ABCI Capital Limited, Industrial and Commercial Bank of China (Asia) Limited and J.P. Morgan Securities plc as joint bookrunners and joint lead managers in connection with the Regulation S only offering by King Power Capital Ltd. (“Issuer”) of its US$300 million 3.875% guaranteed notes due 2019 and US$700 million 5.625% guaranteed notes due 2024 (“Notes”). The Notes are unconditionally and irrevocably guaranteed by China Travel Service (Holdings) Hong Kong Limited (香港中旅(集團)有限公司)(“Guarantor”). The Issuer is a wholly owned subsidiary of the Guarantor. More >>
Tags: Hong Kong
Publicis Groupe and Sapient announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all‑cash transaction for $25.00 per share, or approximately $3.7 billion. Cravath represented Sapient in this transaction, which is expected to close in the first quarter of 2015, subject to the satisfaction of customary closing conditions and regulatory approvals. More >>
Tags: Cravath, Swaine & Moore LLP | New York
Cahill represented BofA Merrill Lynch and Scotiabank as joint book-running managers and ING, Societe Generale, SEB, BMO Capital Markets, and GMP Securities as co-managers in connection with the Rule 144A offering of $1,000,000,000 aggregate principal amount of senior secured notes, comprised of $550,000,000 aggregate principal amount of 7.5% Senior Secured Notes due 2020 and $450,000,000 aggregate principal amount of 7.875% Senior Secured Notes due 2022 by Lundin Mining Corporation, a diversified base metals mining company. Proceeds will be used, in part, fund the acquisition of 80% of the equity interests in the Candelaria mine and Ojos del Salado mine in Chile. Funds will be released from escrow upon the closing of the transaction.
Tags: Cahill Gordon & Reindel LLP
The law firm of Brach Eichler LLC has opened an office in Palm Beach, Florida, located at 2875 South Ocean Blvd., with Lani M. Dornfeld as resident member. More >>
Tags: Brach Eichler LLC | Palm Beach
In its latest large capital markets transaction in the energy sector, Milbank, Tweed, Hadley & McCloy LLP has represented SBM Offshore N.V. in the $450 million bond offering supporting the company’s natural gas production center deployed in the Deep Panuke natural gas field off the coast of Nova Scotia. More >>
Tags: Milbank LLP | New York
King & Spalding represented real estate owner and developer Edens Investment Trust in its acquisition of all outstanding shares of AmREIT, Inc., in an all-cash transaction valued at $762 million. The deal was unanimously approved by AmREIT’s board of directors. It is expected to close in the first quarter of 2015. More >>
Tags: King & Spalding LLP | Houston
Dentons Global Real Estate team has acted as legal counsel to Tristan Capital Partners, an international real estate investment manager, on the €523 million sale of a portfolio of 58 warehouses and development land in the Czech Republic to Point Park Properties, Prague-based specialist owner, developer and manager of European logistics properties. The portfolio was sold jointly by Tristan and VGP, JV partners, and forms one of the largest single logistics transactions by value in Europe in the last few years. More >>
Tags: Dentons | Prague
Davis Polk is advising Aetna in connection with its approximately $400 million acquisition of bswift. The transaction, which is subject to customary closing conditions and Hart-Scott-Rodino antitrust approval, is expected to close before the end of the year. More >>
Tags: Davis Polk & Wardwell LLP | New YorkOn November 3, 2014, Laboratory Corporation of America® Holdings (LabCorp®) and Covance Inc. announced that they have entered into a definitive agreement under which LabCorp will acquire Covance for cash and LabCorp shares currently valued at $105.12 per Covance share, or an equity value of approximately $6.1 billion. Cravath represented Covance in this transaction. The combination will create the world’s leading healthcare diagnostics company. The transaction is expected to close in the first quarter of 2015 and is subject to Covance shareholder approval, regulatory approvals and customary closing conditions. More >>
Tags: Cravath, Swaine & Moore LLP | New York