Cravath represented Cox Communications, Inc. in connection with its US$1.35 billion 144A/Reg. S debt offering. Cox Communications, Inc. is a broadband communications and entertainment company, providing advanced digital video, high‑speed Internet and telephone services over its nationwide IP network to approximately six million residences and businesses. The transaction closed on December 8, 2014. More >>

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as joint book-running managers on a Rule 144A/Regulation S offering by Medtronic, Inc. of $17 billion aggregate principal amount of notes. The notes were issued in seven tranches: $500 million aggregate principal amount of floating-rate senior notes due 2020, $1 billion aggregate principal amount of 1.500% senior notes due 2018, $2.5 billion aggregate principal amount of 2.500% senior notes due 2020, $2.5 billion aggregate principal amount of 3.150% senior notes due 2022, $4 billion aggregate principal amount of 3.500% senior notes due 2025, $2.5 billion aggregate principal amount of 4.375% senior notes due 2035 and $4 billion aggregate principal amount of 4.625% senior notes due 2045. The offering is tied for the second-largest corporate bond offering on record and represents the largest corporate bond offering of 2014 to date. More >>

Cahill represented the joint book-running managers and the co-managers in connection with the Rule 144A offering of $1,250,000,000 aggregate principal amount of 5.25% Senior Secured First Priority Notes due 2021 by HD Supply, Inc., one of the largest industrial distributors in North America. Proceeds from the offering were used to refinance existing indebtedness.

The Firm represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as joint book-running managers in connection with a public offering by UnitedHealth Group Incorporated of $750 million aggregate principal amount of 1.400% Notes due December 15, 2017, $500 million aggregate principal amount of 2.300% Notes due December 15, 2019 and $750 million aggregate principal amount of 2.875% Notes due December 15, 2021. The offering closed on December 8, 2014. More >>

Debevoise & Plimpton LLP is advising Protective Life Corporation (“Protective”) in a definitive agreement under which Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”) will acquire all outstanding shares of Protective for $70.00 per share in cash, or a total transaction value of approximately $5.7 billion. More >>

Cahill represented Wells Fargo Securities, Citigroup, and Morgan Stanley as joint book-running managers, and the co-managers in connection with the public offering of $225,000,000 aggregate principal amount of 5.375% Senior Notes due 2024 by Tenneco Inc., one of the world’s leading manufacturers of clean air and ride performance products and systems for light vehicle, commercial truck and off-highway applications. Proceeds from the offering were used to repurchase Tenneco’s existing notes due 2018.

Cahill represented BofA Merrill Lynch and Citigroup as joint book-running managers and Barclays, Credit Suisse, Morgan Stanley, and Jefferies as co-managers in connection with the public offering of $700,000,000 aggregate principal amount of 5.25% Senior Notes due 2019 by Springleaf Finance Corporation, a leading consumer finance company. Proceeds from the offering will be used to refinance existing indebtedness and for general corporate purposes.

The Firm is representing Silver Lake Partners and IPC Corp. (“IPC”) in connection with the sale of IPC to Centerbridge Partners, L.P. for approximately $1.2 billion. The transaction is expected to close in the first quarter of 2015, subject to customary regulatory and other closing conditions. More >>

Paul Hastings LLP, a leading global law firm, announced today that it represented the banks arranging $550 million in financing for The Carlyle Group’s acquisition of a controlling interest in Southeast PowerGen, LLC, an operator of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore’s sovereign wealth fund. More >>