Long-time Willkie client Paramount Group, Inc. announces the pricing of its initial public offering of 131,000,000 shares of common stock at a price of $17.50 per share, the largest REIT initial public offering in U.S. history. More >>
Tags: Frankfurt | New York
Canadian Natural Resources Closes $1.2 Billion Debt Offering
Paul, Weiss client Canadian Natural Resources Limited, a Canadian energy company, completed a public offering in the United States of $1.2 billion of debt securities in two tranches: $600 million of 1.750% notes due 2018 and $600 million of 3.900% notes due 2025. The joint bookrunning managers were Citigroup Global Markets Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and RBS Securities Inc. More >>
Tags: Foley & Lardner LLP | New York
Premier Inc.’s Registered Common Stock Offering
Cravath represented the underwriters, led by J.P. Morgan Securities, BofA Merrill Lynch and Wells Fargo Securities, in connection with the US$120 million registered secondary offering of class A common stock of Premier, Inc., a leading healthcare improvement company. The shares were listed on the NASDAQ Global Select Market. The transaction closed on November 19, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New YorkPacific Rubiales Energy Closes $750 Million Offering
Dorsey & Whitney Represents Tri-State in $1.59 billion Debt Refinancing
International law firm Dorsey & Whitney LLP represented Tri-State Generation and Transmission Association, the not-for-profit wholesale power supplier to 44 member electric distribution cooperative and public power districts in Colorado, Nebraska, New Mexico and Wyoming, in a series of transactions completed earlier this month to refinance a portion of its debt. More >>
Tags: Dorsey & Whitney LLP | Minneapolis | New York | Washington
Davis Polk Advises Baker Hughes on Its Combination with Halliburton
Davis Polk is advising Baker Hughes Incorporated on its acquisition by Halliburton Company in a stock-and-cash transaction, representing an equity value of $34.6 billion and enterprise value of $38.0 billion. Under the terms of the agreement, stockholders of Baker Hughes will receive, for each Baker Hughes share, a fixed exchange ratio of 1.12 Halliburton shares plus $19.00 in cash. The transaction, which is expected to close in the second half of 2015, is subject to approvals from each company’s stockholders, regulatory approvals and customary closing conditions. More >>
Tags: Davis Polk & Wardwell LLP | New York
Cahill Represents Underwriters in $800 Million Public Offering by Ally
Cahill represented Barclays, Citigroup, J.P. Morgan, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $800,000,000 aggregate principal amount of 3.75% Senior Notes due 2019 by Ally Financial Inc., a leading, independent, diversified, financial services firm. Proceeds from the offering were used for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkSimpson Thatcher Represents Underwriters in $1 Billion Notes Offering by Altria Group, Inc.
The Firm represented the underwriters, led by Barclays, Deutsche Bank Securities and Morgan Stanley, in connection with a public offering by Altria Group, Inc. of $1 billion aggregate principal amount of its 2.625% Notes due 2020, guaranteed by Philip Morris USA Inc. The offering closed on November 14, 2014. More >>
Tags: New YorkEncana Acquires Athlon Energy for $7.1 Billion
Paul, Weiss client Encana Corporation closed the cash tender offer made by its indirect, wholly owned subsidiary, Alenco Acquisition Company, Inc., to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon Energy Inc. Promptly following the consummation of the offer, Alenco Acquisition was merged with, and into, Athlon, with Athlon as the surviving entity and becoming an indirect, wholly owned subsidiary of Encana, a leading North American energy producer. As previously announced, the acquisition price was approximately $5.93 billion, and Encana has assumed Athlon’s $1.15 billion of senior notes, for a total transaction value of approximately $7.1 billion. More >>
Tags: Beijing | Hong Kong | New York
Morgan Lewis Partnership Votes to Admit 227 Partners From Bingham McCutchen
Morgan Lewis today voted to admit 227 partners from Bingham McCutchen as partners in Morgan Lewis. With the addition of these partners, Morgan Lewis will be one of the largest firms in the world, and will offer clients global access to broad capabilities across a comprehensive spectrum of services and industries addressing virtually every aspect of corporate operations. More >>
Tags: Morgan, Lewis & Bockius LLP | New York