Cravath represented the initial purchasers, led by Credit Suisse, J.P. Morgan Securities, BofA Merrill Lynch, Barclays, Citigroup and Goldman, Sachs & Co., in connection with the US$2.1 billion and €360 million 144A/Reg. S high‑yield senior debt offering of The Chemours Company related to its proposed separation from E. I. du Pont de Nemours and Company. Cravath also represented Credit Suisse and J.P. Morgan Securities in their third‑party tender offer for US$500 million aggregate principal amount of DuPont bonds and their subsequent debt‑for‑debt exchange with DuPont for Chemours notes. In addition, Cravath represented J.P. Morgan Securities, Credit Suisse, Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup, Barclays, HSBC and RBC, as joint lead arrangers of a credit agreement providing for a seven‑year US$1.5 billion senior secured Term Loan B Facility and a five‑year US$1.0 billion senior secured Revolving Credit Facility. The transactions closed on May 12, 2015. More >>

Kramer Levin Naftalis & Frankel LLP announced today that Andrew Charles has joined the firm as a partner in the Real Estate practice.

Mr. Charles has extensive experience in all aspects of commercial real estate law, including, partnerships and joint ventures, financing for borrowers and lenders, acquisitions and sales, and development and leasing. His client base includes private equity funds, financial institutions, developers and operators in the acquisition, financing, development, sale and leasing of all classes of commercial properties including office, hotel, multi-family, retail, public storage, mixed use and condominium properties. Mr. Charles focuses on structuring transactions for institutional investors and opportunity funds such as joint ventures, preferred equity investments, mezzanine financing and mixed debt/equity investments. He was formerly a partner in King & Spalding’s Capital Transactions and Real Estate Group. More >>

Weil is advising Verizon Communications Inc. in its agreement to purchase AOL Inc. for approximately $4.4 billion, in a deal that will further drive Verizon’s LTE wireless video and OTT (over-the-top video) strategy. The transaction is subject to customary regulatory approvals and is expected to close this summer. More >>

Level 3 Financing, Inc., a wholly owned subsidiary of Level 3 Communications, Inc., entered into an amendment to its existing credit agreement. More >>

Foley Hoag LLP today announced the opening of an office in New York City and the hiring of three new partners. The firm now has offices in Boston, Washington D.C., Paris and New York.

The three partners starting Foley Hoag’s New York office are: Peter Sullivan, Walter Egbert III and Daniel Schimmel. Under their leadership, the office will initially focus on intellectual property and international law and arbitration, two areas of strength for the firm. The firm expects that its New York office will expand over time into other practice areas where the firm excels. More >>

Jenner & Block LLP is pleased to announce that internationally renowned restructuring and bankruptcy lawyer Richard Levin – an author of the 1978 US Bankruptcy Code and recipient of the 2015 Distinguished Service Award from the American College of Bankruptcy – is joining the firm as a partner in its New York office and becoming a member of its nationally recognized Bankruptcy, Workout and Corporate Reorganization Practice, effective May 18, 2015. More >>

Kirkland represented Landmark Partners in the formation and fundraising of Landmark Real Estate Partners VII, which held its final closing on April 28, 2015. With Kirkland’s assistance, the fund was oversubscribed and reached its hard cap of $1.6 billion in commitments. Investors in Fund VII include U.S. public pension plans, non-U.S. pension funds, foundations, private banks and high-net-worth individuals. Fund VII focuses on making real estate secondary investments for which Kirkland is routinely engaged as counsel More >>

Davis Polk advised Credit Suisse Securities (USA) LLC, as representative of the initial purchasers, in connection with a Rule 144A/Regulation S offering by Quicken Loans Inc. (“Quicken Loans”) of $1.25 billion aggregate principal amount of its 5.750% senior notes due 2025. Proceeds of the offering will be used to pay a distribution to Quicken Loan’s shareholder and for general corporate purposes More >>