Cahill represented Citigroup, Deutsche Bank Securities, J.P. Morgan, RBS, and Wells Fargo Securities as joint book-running managers in connection with the public offering of $400,000,000 aggregate principal amount of 4.000% Senior Notes due 2020 by D.R. Horton, Inc., the largest homebuilding company by volume in the United States. Proceeds from the offering were to be used for general corporate purposes.

Cravath represented Northrop Grumman Corporation in connection with its US$600 million registered senior debt offering. Northrop Grumman Corporation is a leading global security company. The transaction closed on February 6, 2015. More >>

The Firm is representing Greenhill & Co. as advisor to Frontier Communications Corporation’s (NASDAQ: FTR) Board of Directors in connection with Frontier Communications’ proposed acquisition of Verizon Communications Inc.’s (NYSE: VZ) (“Verizon”) wireline operations that provide services to residential, commercial and wholesale customers in California, Florida and Texas, for $10.54 billion in cash. These Verizon properties include 3.7 million voice connections, 2.2 million broadband connection, and 1.2 million FiOS® video connections. The transaction is subject to regulatory approvals and customary closing conditions and is expected to close in the first half of 2016. More >>

Paul, Weiss represented Guggenheim Securities as initial purchaser in connection with Dunkin’ Brands, Inc.’s $2.6 billion whole business securitization of its Dunkin’ Donuts and Baskin-Robbins restaurant chains, which closed January 26. DB Master Finance LLC issued securitization notes, rated BBB by Standard & Poor’s Rating Services, which, among other things, enabled the company to refinance its existing debt. More >>

Simpson Thacher is representing Office Depot, Inc. (NASDAQ: ODP) in connection with its proposed sale to Staples, Inc. (NASDAQ: SPLS) in a cash-and-stock transaction currently valued at an equity value of $6.3 billion. Under the terms of the transaction, Office Depot shareholders will receive, for each Office Depot share, $7.25 in cash and 0.2188 of a share in Staples’ stock, representing $11 per share and a premium of 44% to Office Depot’s stock price based on Staples’ closing share price on February 2, 2015, the last trading day prior to the initial media speculation around a possible transaction. The transaction, which is expected to close by the end of calendar year 2015, is subject to shareholder and regulatory approval and other customary closing conditions. More >>

Paul Hastings LLP, a leading global law firm, represented the banks in financing the acquisition of PODS, a leader in the moving and storage category, by The Ontario Teachers’ Pension Plan’s Long-Term Equities Group from Bahrain private-equity firm Arcapita. The Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. The transaction value is in excess of $1 billion More >>

Manatt, Phelps & Phillips, LLP, announced today that Brian S. Korn has joined the firm’s Corporate and Finance practice as a partner in its New York office. He joins the firm from Pepper Hamilton LLP, where he founded and co-led the firm’s Crowdfunding and Peer-to-Peer Lending practice More >>