Simpson Thacher Represents Deutsche Bank, Crédit Agricole, J.P. Morgan, Merrill Lynch and The Royal Bank of Scotland in US$500 Million Debt Offering by Korea Land & Housing Corporation

Thursday, October 23, 2014

The Firm recently represented Deutsche Bank, Crédit Agricole, J.P. Morgan, Merrill Lynch and The Royal Bank of Scotland as underwriters’ counsel (and sole international counsel) in connection with the offering by Korea Land & Housing Corporation of its US$500 million 1.875% Senior Unsecured Notes due August 2, 2017, issued under its US$1 billion Global Medium Term Notes Program (the “Program”). The offering was conducted in reliance upon Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Firm also recently acted as dealers’ counsel (and sole international counsel) in the establishment of the Program, where Deutsche Bank acted as the arranger. More >>

Tags:  Simpson Thacher & Bartlett LLP | Seoul

Milbank Represents Initial Purchasers in $1 Billion of Notes Offerings by Pemex

Thursday, October 23, 2014

Milbank, Tweed, Hadley & McCloy LLP represented international banks acting as initial purchasers in offerings of two series of notes issued by Mexico’s state-owned oil company, Petróleos Mexicanos (Pemex) guaranteed by the US Export-Import Bank.

The bank group for each offering of notes consisted of BNP Paribas, Citigroup and Santander. A series of $500 million floating-rate notes due 2025 was priced with an interest rate of three-month LIBOR plus 35 basis points. A second series of $500 million fixed-rate notes due 2025 was priced with an interest rate of 2.378% per annum. More >>

Tags:  Milbank LLP | New York

Herbert Smith Freehills advises on the first wind farm project financing to reach financial close in the Philippines

Thursday, October 23, 2014

Herbert Smith Freehills has advised Energy Development Corporation (EDC) on its US$315 million financing of the 150 MW Burgos Wind Farm Project (Burgos).

Burgos is the largest wind farm developed in the Philippines to date and the financing represents not only the first international project financing of a wind farm project in the Philippines to reach financial close but also the first time that the Feed in Tariff (FiT) recently introduced by the Philippines Government has been banked. More >>

Tags:  Herbert Smith Freehills Kramer LLP

IHS Inc. $2 Billion Credit Facilities

Thursday, October 23, 2014

Davis Polk advised IHS Inc. and certain of its subsidiaries in connection with a $1.3 billion unsecured revolving credit facility and $700 million unsecured term loan credit facility with Bank of America, N.A. as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent. The facilities will be used for general corporate purposes. More >>

Tags:  New York

NewLink Genetics Signs $1 Billion Deal with Genentech for Cancer Drug Research and Development

Thursday, October 23, 2014

Cooley advised NewLink Genetics Corporation in its negotiations with Genentech that resulted in an exclusive worldwide license agreement for the development of NLG919, NewLink’s cancer immunotherapy. The agreement also calls for NewLink and Genentech to engage in a research collaboration for the discovery of next generation IDO/TDO compounds, which represent potential breakthrough approaches to cancer therapy. More >>

Tags:  Palo Alto

Porter Hedges Expands Energy Practice with New Office in Oklahoma City Led by Partner C. Ray Lees

Wednesday, October 22, 2014

Porter Hedges has expanded its energy practice with the opening of a new office in Oklahoma City led by partner C. Ray Lees. Mr. Lees’ practice focuses on upstream and midstream oil and gas transactions including mergers, acquisitions & divestitures, joint ventures, finance, and real estate. He joins Porter Hedges along with of counsel Kendra D. Streeter and associates John H. Edwards and David K. Gannaway. More >>

Tags:  Porter Hedges LLP | Oklahoma City

Shearman & Sterling Advises Arrangers in $725 Million Acquisition Financing of Grocery Outlet by Hellman & Friedman

Wednesday, October 22, 2014

Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC. More >>

Tags:  Shearman & Sterling LLP | New York | Palo Alto

Stephenson Harwood advises on $2.5 billion development deal in Oman

Wednesday, October 22, 2014

International law firm Stephenson Harwood LLP has advised on a large scale real estate and tourism development project in Oman.

The Omagine project, which will cost approximately 2.5 billion US dollars to develop, was agreed with the Ministry of Tourism for the government of Oman and Omagine LLC. The project team from Stephenson Harwood’s Dubai office advised Omagine LLC, which will design, build, own and operate the mixed use ‘integrated tourism complex’ under a special royal decree which allows non-Omani citizens to buy and own real estate in Oman which is connected to a tourism development. The development agreement was signed on October 2, 2014. More >>

Tags:  Stephenson Harwood | Dubai

Kirkland Advises Vista Equity Partners in Formation and Fundraising of Vista Equity Partners Fund V

Wednesday, October 22, 2014

Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies. More >>

Tags:  Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York