Paul Hastings Advises Initial Purchasers in US$375 Million Senior Secured Notes Offering by Reliance Intermediate Holdings LP

Paul Hastings LLP, a leading global law firm, represented Barclays and RBC Capital Markets as the initial purchasers in connection with the Rule 144A / Reg S offering of US$375 million 6.50% senior secured notes due 2023 of Reliance Intermediate Holdings LP, a parent holding company of Reliance LP, a leading supplier of home infrastructure including heating, ventilation and air conditioning systems and related services to homeowners primarily in Ontario, Canada. Paul Hastings also represented Barclays as dealer manager and solicitation agent in connection with the concurrent tender offer and consent solicitation by Reliance Intermediate Holdings LP with respect to all of its US$350 million 9.50% senior notes due 2019. More >>

Tags:  Paul Hastings, LLP | New York

Milbank Advises Nabors Industries in Closing $1.4B Spinoff of Oil Well Maintenance Unit & Merger with C&J Energy Services

Milbank, Tweed, Hadley & McCloy LLP has advised leading oil exploration and servicing company Nabors Industries Ltd. (NYSE: NBR) on the closing of the merger of its completion and production services unit with oilfield services provider C&J Energy Services (NYSE: CJES), for which Nabors will receive nearly $688 million in cash and stock worth an approximate 53% ownership stake in the combined company. More >>

Tags:  Milbank LLP | New York

H.J. Heinz Company Merges with Kraft Foods

Davis Polk is advising Centerview Partners LLC as exclusive financial adviser to Kraft Foods Group, Inc. in connection with its entry into a definitive merger agreement with H.J. Heinz Company to create The Kraft Heinz Company. The Kraft Heinz Food Company would be the third largest food and beverage company in North America with an unparalleled portfolio of iconic brands. The transaction, which is expected to close in the second half of 2015, is subject to approval by Kraft shareholders, receipt of regulatory approvals and other customary closing conditions. More >>

Tags:  New York

Dechert Advises Kofax Limited on US$1 Billion Sale to Lexmark International

Dechert LLP advised Kofax Limited on a merger agreement in which Lexmark will acquire Kofax. Under the terms of the merger agreement, Lexmark will acquire all of the outstanding shares of Kofax for US$11.00 per share in cash for a total enterprise value of approximately US$1 billion, net of cash acquired. The acquisition is expected to close in the second quarter of 2015 and is contingent on Kofax shareholder approval, applicable regulatory clearances and other customary closing conditions. More >>

Tags:  Dechert LLP | London | New York | Philadelphia

Qualcomm’s $4 Billion Credit Facility

Cravath represented the borrower, Qualcomm Incorporated, in connection with its $4 billion five‑year senior unsecured revolving credit facility made available by Bank of America, as agent, to be used for working capital, capital expenditures and other general corporate purposes. Qualcomm is a world leader in 3G, 4G and next‑generation wireless technologies. The transaction closed on February 18, 2015. More >>

Tags:  Cravath, Swaine & Moore LLP | New York

Winston & Strawn Expands its Leveraged Finance Practice in New York

Winston & Strawn LLP is pleased to announce that four finance and securities attorneys have joined the firm’s New York office from Pillsbury Winthrop Shaw Pittman LLP.

The latest group to join Winston includes leveraged finance attorney Mats Carlston, who will serve as Winston’s co-chair of global finance. He has more than 20 years of experience and represents lead arrangers, agents, lenders, investors, and borrowers in domestic and cross-border financings, with an emphasis on leveraged buyouts and recapitalizations of private equity-sponsored enterprises. More >>

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Canada $3.5 Billion Global Bond Offering

Davis Polk advised the underwriters in connection with the offering of $3.5 billion aggregate principal amount of 1.125% U.S. dollar bonds due March 19, 2018, issued by Her Majesty in right of Canada. More >>

Tags:  New York

HCP Announces $849 Million Acquisition of Private Pay Senior Housing Portfolio

Paul, Weiss client HCP, Inc. announced that it has entered into a definitive agreement to acquire from Chartwell Retirement Residences a portfolio of private pay senior housing communities for $849 million. The portfolio will be acquired using a RIDEA joint venture structure formed by HCP in which Brookdale Senior Living will own a 10 percent interest. More >>

Tags:  New York

The Priceline Group in its €1 Billion Registered Senior Debt Offering

Cravath represented The Priceline Group Inc. in connection with its €1 billion registered senior debt offering. The Priceline Group Inc. is a leading provider of online travel and travel‑related reservation and search services. The notes were listed on the New York Stock Exchange. The transaction closed on March 3, 2015. More >>

Tags:  New York