Davis Polk advised Barclays Bank PLC and Royal Bank of Canada Capital Markets as joint lead arrangers and joint bookrunners and Barclays Bank PLC, as administrative agent and collateral agent, in connection with a new $800 million senior secured term loan facility provided to Open Text Corporation (Open Text), the proceeds of which were used by Open Text to finance its acquisition of GXS Group, Inc. (GXS). The term loan facility is guaranteed by certain domestic and foreign subsidiaries of Open Text and is secured by substantially all of the assets of Open Text and the guarantors thereunder. In connection with the new financing, certain amendments to Open Text’s existing credit agreement were effected.

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International law firm Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs and Royal Bank of Canada as Joint Bookrunners and Goldman Sachs, Royal Bank of Canada and Lloyds Bank as Joint Lead Arrangers in connection with the $300 million term loan facility, which closed in 2014 and was used to finance, in part, Global Atlantic Financial Group’s (Global Atlantic) acquisition of Forethought Financial Group (Forethought).  Milbank also represented Lloyds Bank as Sole Lead Arranger for Global Atlantic’s $100 million letter of credit and revolving credit facility that closed in 2013.

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Dentons announced that Ata Dinlenç has joined its Corporate practice as a partner. He joins the firm from Baker & McKenzie, where he was a partner.

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Cozen O’Connor has further expanded the reach of its Commercial Litigation practice in New York with the recent hiring of Adam J. Schlatner, who joins the firm as a member.

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Haynes and Boone, LLP New York continues its rapid expansion with the addition of Real Estate Partner Dave Calabrese, a lawyer with broad experience in all aspects of commercial real estate, encompassing conveyancing, leasing and financing.

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We are very pleased to announce that the lawyers of two well-respected law firms from the New York Metro Area will join Bond.

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Bruce A. Colbath has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Antitrust and Trade Regulation practice group, based in the firm’s New York office.  Colbath joins from Weil, Gotshal & Manges.

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Shearman & Sterling advised ArcelorMittal S.A. on its acquisition with Nippon Steel & Sumitomo Metal Corporation (through a 50/50 joint venture partnership) of 100% of ThyssenKrupp Steel USA from ThyssenKrupp for an agreed price of US$1.55 billion.

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Akin Gump advised Monongahela Power Company, a wholly owned subsidiary of FirstEnergy Corp., in a Rule 144A/Reg. S offering of $1 billion of first mortgage bonds. The bonds were issued in two tranches: $400 million of 4.10 percent bonds due 2024 and $600 million of 5.40 percent bonds due 2043. Monongahela Power is using the proceeds primarily to repay existing debt, including debt incurred in connection with its recent acquisition of sole ownership of the coal-fired Harrison Power Station (1,984 MW) in an asset swap with affiliate, Allegheny Energy Supply Company LLC.

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