DLA represented Pacific DataVision, Inc., a provider of mobile workforce management solutions, in a 144A offering of shares of its common stock worth US$218 million. The firm also represented Pacific DataVision in its US$100 million acquisition of FCC spectrum licenses from Sprint Corporation, as well as its licensing transaction of US$17.5 million by Motorola Solutions, Inc. More >>
Tags: DLA Piper | Chicago | New York | San Diego
Gordon & Rees opened its newest office in Tampa to serve clients’ needs in Northern and Central Florida. The Tampa office will complement the firm’s already existing Miami office to offer the highest quality legal services at affordable rates throughout the state of Florida. Tampa is the firm’s 32nd U.S. location since Gordon & Rees was founded nearly 40 years ago. More >>
Tags: Gordon Rees Scully Mansukhani, LLP | Tampa
Hogan Lovells represented TESARO, Inc. (Nasdaq: TSRO), an oncology-focused biopharmaceutical company, in its closing of a US$201.25 million public offering of three percent convertible senior notes due in 2021, including full exercise of the underwriters’ option.
TESARO used approximately US$20.83 million of the net proceeds from the offering to fund the payment of the cost of capped call transactions, and expects to use the remaining net proceeds to fund commercialization activities for rolapitant (oral formulation), clinical trials for rolapitant (intravenous formulation), niraparib and TESARO’s other product candidates, to carry out TESARO’s immuno-oncology platform strategy, and for working capital and general corporate purposes. Citigroup and Deutsche Bank Securities acted as joint book-running managers for the offering, with Leerink Partners, Baird and BMO Capital Markets acting as co-managers. More >>
Tags: Hogan Lovells | Washington
Cahill represented the joint book-running managers and the co-managers in connection with the public offering of $300,000,000 aggregate principal amount of 3.250% Senior Notes due 2017 and $700,000,000 aggregate principal amount of 5.125% Senior Notes due 2024 by Ally Financial Inc. Proceeds from the offering were used to fund concurrent tender offers. More >>
Tags: Cahill Gordon & Reindel LLP | New York
On September 29, 2014, the EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced that a subsidiary of the Partnership signed a definitive agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC to acquire Gulf Coast natural gas pipeline assets including the Bridgeline system (“the natural gas assets”) predominantly located in Southern Louisiana for $235 million, subject to certain adjustments. More >>
Tags: Baker Botts L.L.P. | Dallas
As part of its western expansion initiative, Armstrong Teasdale LLP is adding 10 lawyers to open a Denver office on October 1, 2014. The attorneys are all formerly of Denver-based Steese Roberts & Frankel P.C. Their addition complements Armstrong Teasdale’s core strengths and expands its national capabilities in intellectual property, telecommunications, white-collar crime and internal investigations. The move will also create synergies between the Denver location and the firm’s established Las Vegas and Kansas City offices. More >>
Tags: Armstrong Teasdale LLP | Denver
Linklaters has advised Emaar Malls Group (EMG), the leading owner and operator of shopping malls in Dubai, and its parent company, Emaar Properties, on EMG’s IPO, the second largest ever in the United Arab Emirates. The initial sale of shares were priced at the top of the proposed range amid huge demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008.
Shares in the initial public offer were priced at 2.90 dirhams per share, giving an overall sale value of 5.8 billion dirhams ($1.58 billion). With a market value of 37.7 billion dirhams upon listing, it will become the third-largest stock on the Dubai Financial Market when it begins trading on Oct. 2. More >>
Tags: Linklaters LLP | Dubai
Global legal practice Norton Rose Fulbright advised Natixis Singapore Branch as sole mandated lead arranger and underwriter on a US$225 million limited recourse project financing facility to finance two floating production facilities for PetroFirst Infrastructure Limited, a joint venture between energy-focused private equity leader First Reserve and oilfield services giant Petrofac. The joint venture, announced on 26 June 2014, will deploy $1.25 billion of equity capital both in purchasing a number of existing floating production, storage and offloading assets from Petrofac’s Integrated Energy Services (IES) sector, as well as in new infrastructure projects. More >>
Tags: Norton Rose Fulbright | Singapore
Paul Hastings LLP, a leading global law firm, announced today that the firm acted as counsel to joint bookrunners J.P. Morgan, RBC Capital Markets and Morgan Stanley in connection with the issuance of $800 million of senior notes by AerCap Ireland Capital Limited and AerCap Global Aviation Trust. AerCap is the world’s largest independent aircraft leasing company. More >>
Tags: Paul Hastings, LLP | New YorkCravath represented the underwriters, led by MUFG, Citigroup and RBS, in connection with the US$1.95 billion registered senior debt offering of Marathon Petroleum Corporation, an independent petroleum refining, marketing and transportation company. The transaction closed on September 5, 2014. More >>
Tags: New York