Milbank Represents Dealer Manager in Tender Offer and Initial Purchasers in $350 Million Offering for USG Corporation

Milbank, Tweed, Hadley & McCloy LLP represented BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities, Goldman, Sachs & Co., RBC Capital Markets and SunTrust Robinson Humphrey as initial purchasers in connection with the private offering of $350 million aggregate principal amount of USG Corporation’s 5.50% Senior Notes due 2025. In addition, Milbank, Tweed, Hadley & McCloy LLP represented BofA Merrill Lynch as dealer manager in the concurrent cash tender offer for any and all of USG Corporation’s 8.375% Senior Notes due 2018. More >>

Tags:  Milbank LLP | New York

Cahill Represents Initial Purchasers in $750 Million Senior Notes Offering by Nielsen Finance

Cahill represented the joint book-running managers and co-managers in connection with the Rule 144A offering of $750,000,000 aggregate principal amount of 5% Senior Notes due 2022 by Nielsen Finance LLC and Nielsen Finance Co., a leading global performance management company. Proceeds from the offering will be used for general corporate purposes and to refinance existing indebtedness.

Tags:  Cahill Gordon & Reindel LLP | New York

Kemper Corporation $250 Million Senior Notes Offering

Davis Polk advised underwriters represented by J.P. Morgan Securities LLC and Wells Fargo Securities, LLC in connection with an offering by Kemper Corporation of $250 million aggregate principal amount of its 4.350% senior notes due 2025. More >>

Tags:  New York

Shearman & Sterling Advises on Sprint Corporation’s $1.5 Billion High Yield Notes Offering

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc., as joint bookrunning managers, and Wells Fargo Securities, LLC, as senior co-manager, and The Williams Capital Group, L.P., as co-manager, in connection with Sprint Corporation’s registered offering of an aggregate principal amount of $1.5 billion of 7.625% Notes due 2025. More >>

Tags:  Shearman & Sterling LLP | New York | Toronto

Venable Adds Experienced International Corporate Partners Philip von Mehren and Michele Maney to New York Office

Further adding to its growing corporate transactional practice in New York, Venable LLP announced that it added two top M&A attorneys, Philip T. von Mehren and Michele Maney. They join as partners in the firm’s New York office where Mr. von Mehren will co-chair the New York Corporate Group.

Mr. von Mehren and Ms. Maney join from Baker & McKenzie, where they were also partners. Earlier this month, Venable added cross-border transactional attorney Peter R. Sternberg as a partner in its New York office. More >>

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Valeant To Acquire Salix Pharmaceuticals for $14.5 Billion

Valeant Pharmaceuticals International, Inc. and Salix Pharmaceuticals, Ltd. announced they have entered into a definitive agreement for Valeant to acquire Salix for $14.5 billion. Willkie represented Centerview Partners, which served as a financial advisor to Salix, a leader in the gastrointestinal market. More >>

Tags:  New York

Cadwalader Represents Salix Pharmaceuticals in Its Pending Acquisition by Valeant Pharmaceuticals

Cadwalader is representing Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP), a leading U.S. specialty pharmaceutical company, which today announced a definitive agreement to be acquired by Valeant Pharmaceuticals International, Inc. (NYSE: VRX) (TSX: VRX) for $158.00 per share, or a total enterprise value of approximately $14.5 billion. The transaction was approved by the Salix and Valeant boards of directors and is expected to close in the second quarter of 2015, subject to customary closing conditions and regulatory approval. More >>

Tags:  Cadwalader, Wickersham & Taft LLP | New York

Cahill Represents Initial Purchasers in $1.8 Billion Notes Offering by Wynn Las Vegas

Cahill represented Deutsche Bank Securities, BofA Merrill Lynch, Credit Agricole CIB, Fifth Third Securities, Scotiabank, and SunTrust Robinson Humphrey as joint book-running managers and BOC International, BNP PARIBAS, Morgan Stanley, SMBC Nikko, and UBS Investment Bank as co-managers in connection with the Rule 144A offering of $1,800,000,000 aggregate principal amount of 5.50% Senior Notes due 2025 by Wynn Las Vegas, LLC and Wynn Las Vegas Capital Corp., a destination casino resort in Las Vegas, Nevada. More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Ball Corporation’s £4.3 billion Acquisition of Rexam

Davis Polk is advising Greenhill as lead financial adviser to Ball Corporation on its £4.3 billion takeover of Rexam plc, to be effected by means of a scheme of arrangement. Under the terms of the offer, which is subject to both an antitrust pre-condition and customary offer conditions, Rexam shareholders will receive a mixture of cash and new shares in Ball Corporation. Following completion of the transaction, Rexam shareholders are expected to hold approximately 19% of the combined group. More >>

Tags:  London | New York