HCA Completes $1 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $1 billion aggregate principal amount of 5.375% Senior Notes due 2025. HCA intends to use the net proceeds for the repayment of its existing senior notes and for general corporate purposes. More >>

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Simpson Thacher Represents Underwriters in $600 Million Senior Notes Offering by Air Lease Corporation

Simpson Thacher represented the underwriters, led by BNP Paribas, Citigroup, Deutsche Bank Securities and J.P. Morgan in connection with the public offering by Air Lease Corporation of $600 million aggregate principal amount of 3.750% Senior Notes due 2022. The net proceeds of the offering will be used for general corporate purposes including the purchase of commercial aircraft and the repayment of existing indebtedness. More >>

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Open Text Corporation $800 Million Notes Offering

Davis Polk advised Barclays Capital Inc. as representative of the several initial purchasers in connection with a Rule 144A/Regulation S offering of $800 million aggregate principal amount by Open Text Corporation (“OpenText”) of its 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of OpenText. Barclays Capital Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Citigroup Global Markets acted as joint bookrunners in the offering. The offering was OpenText’s debut offering in the capital markets. More >>

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Roark Capital Closes Fund IV at $2.5 Billion

Paul, Weiss client Roark Capital Group, an Atlanta-based private equity firm, announced the closing of Roark Capital Partners IV LP, with $2.5 billion in total investor limited partner commitments. Fund IV closed at its hard cap. More >>

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Simpson Thacher Represents the Underwriters in $1 Billion Debt Offering by Berkshire Hathaway Finance Corporation

The Firm represented BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $1 billion aggregate principal amount of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $400 million aggregate principal amount of Floating Rate Senior Notes due 2017 and $600 million aggregate principal amount of Floating Rate Senior Notes due 2018. The offering closed on January 15, 2015. More >>

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Davis Polk Advises Toyota Motor Credit Corporation on Its $1.75 Billion Offering

Davis Polk advised Toyota Motor Credit Corporation as an issuer in connection with an SEC-registered offering of $1.25 billion aggregate principal amount of 1.450% medium-term notes, Series B, due 2018 and $500 million aggregate principal amount of floating-rate medium-term notes, Series B, due 2018 under its medium-term notes program. The joint book-running managers were BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC. More >>

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General Motors Financial Company, Inc. $2.25 Billion Senior Notes Offering

Davis Polk advised Citigroup Global Markets Inc., Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by General Motors Financial Company, Inc. (“GM Financial”) of $250 million aggregate principal amount of floating-rate senior notes due 2020, $1 billion aggregate principal amount of 3.150% senior notes due 2020 and $1 billion aggregate principal amount of 4.000% senior notes due 2025. The notes are guaranteed by AmeriCredit Financial Services, Inc., the principal U.S. operating subsidiary of GM Financial. More >>

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