Simpson Thacher Represents Initial Purchasers in $1.1 Billion Debt Offering by Keysight Technologies, Inc.

Wednesday, October 15, 2014

Simpson Thacher represented the initial purchasers, led by Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the private placement of an aggregate principal amount of $500 million 3.300% Senior Notes due 2019 and $600 million 4.550% Senior Notes due 2024 by Keysight Technologies, Inc. in connection with its separation from its parent, Agilent Technologies, Inc. More >>

Tags:  Simpson Thacher & Bartlett LLP | Palo Alto | Silicon Valley

White & Case Advises Lead Managers on Kazakhstan’s US$2.5 Billion Sovereign Bond Issuance

Wednesday, October 15, 2014

Global law Firm White & Case LLP has advised Citigroup Global Markets Limited, J.P. Morgan Securities plc and HSBC Bank plc as Lead Managers on the establishment of the Republic of Kazakhstan’s US$10 billion Medium Term Note Programme and a subsequent US$2.5 billion issuance under it.

The issuance is the first by the Republic of Kazakhstan in 14 years and consists of a US$1.5 billion series of 3.875 percent Notes due 2024 and a US$1 billion series of 4.875 percent Notes due 2044. More >>

Tags:  White & Case LLP | Astana | London

Jones Day adds to Business and Tort Litigation Practice in California with arrival of four former prosecutors

Wednesday, October 15, 2014

The global law firm Jones Day has announced that four former prosecutors – including three Assistant U.S. Attorneys and a former Deputy District Attorney – have joined the Firm’s Business and Tort Litigation Practice in three different California offices. In San Diego, Truc Do and Peter Mazza have joined as partner and of counsel, respectively. In addition, Rasha Gerges Shields has joined Jones Day as a partner in Los Angeles and Cheryl O’Connor will join the firm on November 17 as a partner in Irvine. More >>

Tags:  Jones Day | Irvine | Los Angeles | San Diego

Dentons advises Atrium on €122 million Focus Mall acquisition

Wednesday, October 15, 2014

Dentons’ real estate team advised Atrium European Real Estate, a leading owner, operator and developer of shopping centers in Central and Eastern Europe, on the acquisition of the Focus Mall shopping center in Poland from Aviva Investors for €122 million. The transaction was financed using Atrium’s existing cash resources.

Focus Mall is currently the largest shopping center in Bydgoszcz, one of the ten largest Polish cities. Constructed in 2008 it comprises 41,000 sq.m. of retail space on two floors. It is nearly 100% let to anchor tenants, including a Saturn electronics store and a Cinema City, as well other high profile international and domestic retail fashion brands. More >>

Tags:  Dentons | Warsaw

Melrose Industries Announces Sale of its Bridon Division

Tuesday, October 14, 2014

Simpson Thatcher is representing Melrose Industries PLC, a UK-based FTSE 250 company, on the sale of Bridon Limited (“Bridon”) to Ontario Teachers’ Pension Plan Board for an enterprise value of £365 million, on a debt and cash-free basis, subject to customary adjustments.

Bridon designs and manufactures a comprehensive range of lifting and stabilising solutions for applications in wire rope, fibre rope, steel wire and strand. Bridon services global customers in the oil & gas, mining, industrial, marine and infrastructure sectors.

The sale was announced on October 11, 2014 and is conditional upon, amongst other things, obtaining anti‐trust clearances, and is targeted for completion during 2014.

The Simpson Thacher team for the transaction included Adam Signy, Tom Merrifield and Aled Knights (Corporate); Euan Gorrie and Manas Chandrashekar (Credit); and David Vann, Étienne Renaudeau and Tara Kelly (Competition-M&A ).

Tags:  London

Morgan Lewis Advises Republic of Kazakhstan on $2.5 Billion Sovereign Bond Offering

Tuesday, October 14, 2014

The Republic of Kazakhstan has today closed a $2.5 billion Eurobond offering.

The offering was made under Rule 144A and Regulation S, and the bonds are listed on the London Stock Exchange. The bonds were issued in two tranches, a $1.5 billion tranche of 3.875% Notes due 2024 and a $1 billion tranche of 4.875% Notes due 2044. More >>

Tags:  Morgan, Lewis & Bockius LLP | Almaty | London

Shearman & Sterling Represents InRetail Consumer in Senior Notes Offering, Offer to Purchase and Consent Solicitation

Monday, October 13, 2014

Shearman & Sterling represented InRetail Consumer, a Peruvian trust, along with its subsidiaries, in connection with (1) its issuance of US$300,000,000 aggregate principal amount of 5.250% Senior Notes due 2021 and (2) its offer to purchase and consent solicitation for any and all of the outstanding 8.875% Senior Secured Notes due 2018 of Interproperties Retail Trust, a Cayman trust. More >>

Tags:  Shearman & Sterling LLP | New York | San Francisco | Washington

Anbang Insurance Group Agrees to Purchase Waldorf Astoria Hotel

Monday, October 13, 2014

Skadden is representing Anbang Insurance Group (China) in its $1.95 billion acquisition of the iconic New York Waldorf Astoria Hotel from Hilton Worldwide. When completed, the sale will be the largest real estate acquisition to date by a Chinese company in the U.S. and the first real estate investment by Anbang outside of China.

Tags:  New York