Paul Hastings LLP, a leading global law firm, represented Gruma, S.A.B. de C.V., the world’s largest tortilla and corn flour producer in its US$400 million international bond offering and the redemption of likely the only corporate perpetual bond ever issued in Mexico. The offering involved the issuance of US$400 million of 4.875% Senior Notes due 2024. The proceeds from the sale of the notes will go principally to redeem the perpetual bonds issued ten years ago at an interest rate of 7.75%. The notes were issued pursuant to Rule 144A and Regulation S in a more than seven times oversubscribed offering. The managing underwriters involved were Goldman, Sachs & Co. and Santander Investment Securities Inc. More >>

Willkie represents RenaissanceRe in merger to accelerate growth in U.S. specialty and casualty reinsurance business. More >>

The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 4.875% Senior Notes due 2022 and $425 million aggregate principal amount of 5.125% Senior Notes due 2024. Sealed Air is using the net proceeds from the offering to repurchase all of its outstanding 8.125% Senior Notes due 2019, to pay related premiums, fees and expenses and for general corporate purposes. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S. More >>

Cahill represented BofA Merrill Lynch, J.P. Morgan, Citigroup, SMBC Nikko, and Morgan Stanley as joint book-running managers and the co-managers in connection with the public offering of $1,150,000,000 aggregate principal amount of 6% Senior Notes due 2023, which were issued at par, and $100,000,000 aggregate principal amount of 6% Senior Notes due 2023, which were issued at 100.75% by MGM Grand International. Proceeds were used to refinance existing indebtedness and for general corporate purposes.

Positioning itself to better serve its corporate clients, Morgan Lewis today welcomed 226 partners and more than 525 other lawyers, legal professionals, and staff from Bingham McCutchen.

With almost 2,000 lawyers in 28 offices in the United States, Europe, Asia, and the Middle East, Morgan Lewis offers clients global access to broad capabilities across a comprehensive spectrum of services and industries addressing virtually every aspect of corporate, financial, and asset management operations. With the addition of its new lawyers, the firm has a dominant presence along the East and West coasts of the United States and opens new offices in Santa Monica, California, and Hartford, Connecticut. More >>

Cravath represented the underwriters, led by Credit Suisse, J.P. Morgan Securities and Wells Fargo Securities, in connection with the US$500 million registered senior debt offering of Oceaneering International, Inc., a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry. The transaction closed on November 21, 2014. More >>

Cahill represented the joint book-running managers and co-managers in connection with the public offering of $700,000,000 Senior Notes, comprised of $400,000,000 aggregate principal amount of 4.75% Senior Notes due 2022, and $300,000,000 aggregate principal amount of 5.00% Senior Notes due 2024 by Omnicare, Inc., a leading healthcare services company that specializes in the management of complex pharmaceutical care. Proceeds from the offering will be used for general corporate purposes and to refinance existing indebtedness.