Paul, Weiss client Lundin Mining Corporation, a Canadian base metals mining company, closed an offering of $1 billion of senior secured notes in two tranches: $550 million of 7.5% senior secured notes due 2020 and $450 million of 7.875% senior secured notes due 2022. The offering was made pursuant to Rule 144A and outside the United States pursuant to Regulation S. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Scotia Capital (USA) Inc. acted as joint bookrunning managers for the offering. The net proceeds from the offering, along with proceeds from a Cdn$674 million equity financing and the sale of a stream on Candelaria’s and Ojos del Salado’s gold and silver production, will be used to fund the company’s acquisition of Freeport-McMoRan Inc.’s 80 percent ownership stake in the Candelaria and Ojos del Salado copper mining operations in Chile. More >>
Tags: New York | Toronto
Holland & Knight Advises Lead Arrangers on $400 Million Syndicated Term Loan Facility for Banistmo S.A.
Holland & Knight served as special New York counsel in connection with a $400 million syndicated term loan facility for Banistmo S.A. The transaction marked the first global syndicated loan for Banistmo, a subsidiary of Bancolombia S.A., with a term of three years. The transaction closed on October 7. More >>
Tags: Holland & Knight LLP | New York
Goodwin Procter Advises Canaan Partners on $675 Million VC Fund Raise
Goodwin attorneys recently advised Canaan Partners on its tenth fund, Canaan X, which raised $675 million of capital. The fund is reportedly the eighth largest venture capital fund raised in the United States in 2014, according to the National Venture Capital Association and Thomson Reuters, and will focus on early stage and seed stage investments. More >>
Tags: Goodwin Procter LLP | Boston
Foley Hoag Team Represents Alere on Pending $600 Million Sale of Alere Health to Optum
A Foley Hoag LLP legal team is serving as lead counsel to Waltham-based medical diagnostics company Alere Inc. (NYSE: ALR) on the pending $600 million sale of its Alere Health division to healthcare company Optum, the firm announced today.
Foley Hoag represented Alere in the structuring and negotiation of the definitive agreements for the transaction and related matters. Covington Associates is serving as financial advisor. The closing is subject to regulatory approvals and other customary closing conditions. More >>
Tags: Foley Hoag LLP | New York
Baker Botts Represents Evercore as Financial Advisor to Special Committee in Western Gas Partners’ $1.5 Billion Acquisition of Nuevo Midstream
Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that it agreed to acquire Nuevo Midstream, LLC (“Nuevo”), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close in the fourth quarter of 2014, subject to regulatory approval and customary closing conditions. More >>
Tags: Baker Botts L.L.P. | Houston
Akin Gump Advises Western Gas in Nuevo Midstream Acquisition
Akin Gump advised Western Gas Partners, LP in its planned $1.5 billion acquisition of Nuevo Midstream, LLC, a leading Delaware Basin gas gatherer and processor. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | Houston
Squire Patton Boggs Peña Prieto Gamundi Advises Dominican Power Partners in Connection with US$260 Million Syndicated Credit Facility
Squire Patton Boggs Peña Prieto Gamundi, the Santo Domingo, Dominican Republic office of Squire Patton Boggs (US) LLP, acted as special Dominican counsel for Dominican Power Partners (DPP) in connection with the closing of a syndicated credit facility for an aggregate principal amount of up to US$260 million. DDP is the first investment in the Dominican Republic for AES Corporation, one of the largest private investors in the electrical sector in the Dominican Republic. More >>
Tags: Squire Patton Boggs
Freshfields advises Kurita Water Industries on US$317m acquisition of ICL assets
International law firm Freshfields Bruckhaus Deringer has advised TSE listed water treatment company Kurita Water Industries (Kurita) on its acquisition of water treatment and chemical production businesses from NYSE listed industrial, Israel Chemicals Limited. More >>
Tags: Freshfields LLP | Munich
K&L Gates Represents Underwriters in $220 Million Initial Public Offering of Forward Pharma A/S
Global law firm K&L Gates LLP represented the underwriters in connection with the $220 million initial public offering of Forward Pharma A/S, a biopharmaceutical company working to advance a proprietary formulation of dimethyl fumarate for the treatment of multiple sclerosis and other immune disorders such as psoriasis. Forward Pharma issued 10.5 million American Depositary Shares (ADSs), representing the company’s ordinary shares at a price to the public of $21 per ADS. The ADSs now trade on the NASDAQ Global Select Market under the ticker symbol “FWP”. More >>
Tags: K&L Gates LLP | Orange County
DLA Piper advises Dusit International on Australian resort
DLA Piper has advised Thailand-based hospitality group Dusit International on its role in the development of a AU$550 million golf and spa resort in Brookwater, Queensland. Dusit will provide technical and consultative expertise during the development phase, and operational capability during the operations phase.
The Dusit Thani Brookwater Golf & Spa Resort phase one of development will include 168 apartments with private plunge pools, a recreation club with lagoon pools, lap pools and water slides, a gym, bridal centre, four restaurant, lobby lounge, executive club and a Devarana Spa. Food markets and events spaces will also form part of the first phase, which is valued at AU$110 million and is expected to be completed in the third to fourth quarter of 2016. More >>
Tags: DLA Piper | Bangkok | Brisbane