Holland & Knight recently completed the sale of Zeta Associates, Inc. to Lockheed Martin. Zeta, which specializes in software technology that powers critical national security missions, is now a wholly owned subsidiary of Lockheed Martin’s Corporate Space Systems business area. More >>
Tags: Holland & Knight LLP | Tysons Corner
Linklaters has advised the managers on four tranches of bonds issued by BSkyB. Proceeds from the bonds will help finance its acquisition of Sky Italia and a majority stake in Sky Deutschland from 21st Century Fox.
The €1.5 billion bond with a 1.5% coupon due 2021 and the €1 billion bond with a coupon of 2.5% due 2026 were issued pursuant to the £10,000,000,000 Euro Medium Term Note Programme of British Sky Broadcasting Group plc and BSkyB Finance UK plc, unconditionally and irrevocably guaranteed by British Sky Broadcasting Group plc, BSkyB Finance UK plc, British Sky Broadcasting Limited, Sky Subscribers Services Limited and Sky In-Home Service Limited. In addition Linklaters advised the managers on a US$750 million bond with a coupon of 2.625% due 2019 and a US$1.25 billion bond with a coupon of 3.75% due 2024 sold into the United States. More >>
Tags: Linklaters LLP | London
Leading global law firm Mayer Brown has acted for BNP Paribas, Deutsche Bank, J.P. Morgan and Santander Global Banking & Markets as Joint Lead Managers in the EUR 825 million (equivalent) Norwegian auto loan securitisation issued by Bilkreditt 6 Limited. More >>
Tags: Mayer Brown LLP | LondonRopes & Gray advised Welsh, Carson, Anderson & Stowe and CCHN Group Holdings (Matrix Medical Network) in the sale of Matrix to Providence Service Corporation in a deal announced Sept. 18. Providence will acquire Matrix, a leading provider of in-home health assessments and care management services, for an aggregate purchase price of $400 million. More >>
Tags: New York
Shearman & Sterling represented Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and RBS Securities Inc. as joint-lead and bookrunning managers in connection with a private placement of $200 million aggregate principal amount of 6.50% Senior Notes due 2022 of Consolidated Communications Finance II Co., a wholly-owned subsidiary of Consolidated Communications, Inc. (“CCI”), pursuant to Rule 144A and Regulation S. The proceeds from the offering will be used to fund CCI’s acquisition of Enventis Corporation. More >>
Tags: Shearman & Sterling LLP | Toronto
Simpson Thacher recently represented the managers, led by Morgan Stanley & Co. LLC, Mitsubishi UFJ Securities (USA), Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Capital Markets Inc., in an offering by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) of $4.5 billion aggregate principal amount of its senior notes in five tranches due 2017 (floating rate), 2017, 2019, 2021 and 2024 (fixed rate). The offering was conducted pursuant to Rule 144A and Regulation S. The bonds are listed on the Singapore Exchange. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkShearman & Sterling represented Citibank, N.A. in providing $1.25 billion in financing commitments for the $4.3 billion acquisition by Washington Prime Group (NYSE: WPG) of Glimcher Realty Trust (GRT) through a merger transaction. More >>
Tags: Shearman & Sterling LLP | New York
Shumaker, Loop & Kendrick, LLP announced today that it served as sole lead counsel to Health Care REIT, Inc. (NYSE: HCN) in the completion of its public offering of 17,825,000 shares at a price of $63.75 per share for total gross proceeds of approximately $1.1 billion. Including HCN’s May offering of common stock that also exceeded $1.1 billion in gross proceeds, Shumaker has served as sole lead counsel in the two largest individual overnight marketed common stock offerings by any NYSE listed company thus far in 2014 based on total gross proceeds. More >>
Tags: Shumaker, Loop & Kendrick LLP | Toledo
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has opened its 14th office, in Dubai, United Arab Emirates (UAE). The opening is in response to increasing demand from WFW clients in the firm’s key sectors for advice in relation to their business dealings in Dubai and the UAE, and also across the Middle East generally. More >>
Tags: Watson Farley & Williams LLP | DubaiWillkie client Auxilium Pharmaceuticals, Inc, a specialty biopharmaceutical company, confirmed that it has received an unsolicited, non-binding proposal from Endo International plc to acquire all of the outstanding shares of Auxilium common stock at a price of $28.10 per share in cash and Endo stock, subject to due diligence, financing and other conditions. Auxilium stated that consistent with its fiduciary duties and in accordance with the existing merger agreement with QLT Inc., the company’s Board of Directors will carefully review all aspects of the Endo proposal. The Chesterbook, Pa-based company said “The Board is not withdrawing, modifying, withholding, changing or qualifying its recommendation with respect to its existing merger agreement with QLT Inc., or proposing to do so.” More >>
Tags: New York