The São Paulo office of the Firm recently represented the underwriters, led by Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc., in connection with the global offering of preferred shares of Telefonica Brasil, including preferred shares in the form of ADSs More >>
Tags: Simpson Thacher & Bartlett LLP | New York | Sao Paulo
Davis Polk advised the underwriters in connection with the SEC-registered offering of 27,864,525 shares of common stock of Springleaf Holdings, Inc., of which 19,417,476 shares were issued and sold by the Company and 8,447,049 shares were sold by Springleaf Financial Holdings, LLC on behalf of an affiliate of American International Group. The aggregate gross proceeds of the offering were approximately $1.435 billion. The underwriters have a 30-day option to purchase up to an additional 4,179,678 shares of Springleaf Holdings, Inc.’s common stock from Springleaf Financial Holdings, LLC. The common stock is listed on the New York Stock Exchange under the symbol “LEAF.” More >>
Tags: Davis Polk & Wardwell LLP | New York | Sao PauloThe São Paulo office of the Firm recently represented the underwriters, led by Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Santander Investment Securities Inc., in connection with the global offering of preferred shares of Telefonica Brasil, including preferred shares in the form of ADSs. The ADSs are listed on the New York Stock Exchange, and the preferred shares are listed in Brazil on the BM&FBOVESPA stock exchange. The global offering raised net proceeds of approximately US$5.5 billion, which Telefonica Brasil intends to use to the fund the cash portion of the previously announced €7.2 billion acquisition of Brazilian telecommunication company GVT, repay certain GVT indebtedness following completion of the acquisition and improve its own liquidity. More >>
Tags: Simpson Thacher & Bartlett LLP | New York | Sao Paulo
Drinker Biddle’s Insurance Transactional and Regulatory Team assisted Ironshore Inc., a broker-sourced specialty commercial property and casualty coverages provider domiciled in Bermuda, on the regulatory aspects of its $1.84 Billion acquisition by Fosun International Limited, a Chinese investment group. More >>
Tags: Drinker Biddle & Reath, LLP | New York
Shearman & Sterling represented Empresa Eléctrica Guacolda S.A., a Chilean joint venture between AES Gener S.A. and Global Infrastructure Partners, in connection with its Rule 144A/Regulation S offering of US$500 million aggregate principal amount of its 4.560% Senior Notes due 2025 and its US$330 million five-year unsecured syndicated loan facility with various financial institutions. Guacolda is engaged in the generation, transmission and supply of electricity in Chile. More >>
Tags: Shearman & Sterling LLP | New York | WashingtonDavis Polk advised Ford Motor Company in connection with the April 30, 2015, amendment and restatement of its existing revolving credit facility. As a result of the amendment and restatement, the maturity of the existing revolving commitments was extended from April 30, 2017 and April 30, 2019, to April 30, 2018 and April 30, 2020, respectively, and additional commitments, maturing either April 30, 2018 or April 30, 2020, were provided, for an aggregate total of such revolving commitments of approximately $13.4 billion. Other amendments to the existing revolving credit facility provide for two new sub-facilities, one denominated in Brazilian real and one in Chinese renminbi. More >>
Tags: Davis Polk & Wardwell LLP | New York | Washington
Brown Rudnick LLP, an Am Law 200 law firm with offices in the US and Europe, announced today that leading antitrust attorneys Helene D. Jaffe and Alan R. Kusinitz have joined the Firm’s New York office as partners. Both Ms. Jaffe and Mr. Kusinitz join the Firm from Proskauer Rose where Ms. Jaffe was head of the Antitrust practice group. Prior to that, Ms. Jaffe served as co-head of the Antitrust Group at Weil, Gotshal & Manges.
With the addition of Ms. Jaffe and Mr. Kusinitz, Brown Rudnick will be introducing its new Antitrust practice. The Antitrust practice will be led by Ms. Jaffe and will be an important complement to the Firm’s existing corporate, healthcare, life sciences and white collar practices. More >>
Tags: Brown Rudnick LLP | New York
Zelle Hofmann Voelbel & Mason LLP is pleased to announce the expansion of its insurance practice and international capabilities with the addition of 11 attorneys from The Chartwell Law Offices, the opening of offices in New York, Philadelphia and Miami, and the expansion of Zelle Hofmann’s existing Boston office.
The attorneys, formerly of Chartwell’s insurance practice, will join Zelle Hofmann effective April 30, 2015. With the addition of these attorneys and office locations, Zelle Hofmann will strengthen one of its core practices, as well as its ability to serve clients on a nationwide basis. More >>
Tags: Zelle LLP | Miami | New York | Philadelphia
Signet Jewelers Limited, the largest specialty retail jeweler in the U.S. and the UK, and Zale Corporation, a leading specialty retailer of fine jewelry in North America, announced that they have entered into a definitive agreement for Signet to acquire all of the issued and outstanding stock of Zale for $21.00 per share in cash consideration, representing an enterprise value of approximately US$1.4 billion. Cravath represented Zale in connection with this transaction, which is subject to Zale stockholder approval, certain regulatory approvals and customary closing conditions. More >>
Tags: Cravath, Swaine & Moore LLP | New York
International law firm McDermott Will & Emery today announced that prominent trial attorney Andrew E. Tomback has joined the Firm as a partner in its White-Collar & Securities Defense Practice Group, based in New York. More >>
Tags: McDermott Will & Emery LLP | New York