Davis Polk advised underwriters represented by BNP Paribas, Deutsche Bank AG, London Branch and J.P. Morgan Securities plc in connection with the offering of $2.5 billion aggregate principal amount of notes issued by Merck & Co., Inc. (Merck). The notes were offered in three tranches, maturing in 2021, 2026 and 2034. More >>
Tags: New YorkShearman & Sterling Advises on Petróleos Mexicanos’ US $1 Billion Notes and US $1.5 Billion Bonds
Shearman & Sterling represented Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with (i) an issuance of 4.250% Notes due 2025 in an aggregate amount of U.S. $1,000,000,000 and (ii) an issuance of 5.50% Bonds due 2044 in an aggregate amount of U.S. $1,500,000,000 of Petróleos Mexicanos (Pemex) and guaranteed by its wholly-owned subsidiaries Pemex-Exploración y Producción, Pemex-Refinación and Pemex-Gas y Petroquímica Básica. More >>
Tags: Shearman & Sterling LLP | New YorkPaul Hastings Represents Banks in Financing DPx Holdings B.V.’s Acquisition of Gallus BioPharmaceuticals
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, J.P. Morgan Securities LLC, Jefferies Finance LLC, Keybank National Association and Morgan Stanley Senior Funding, Inc. as joint lead arrangers and joint bookrunners and UBS AG, Stamford Branch as administrative agent in connection with a $160 million and €70 million incremental add-on to DPx Holdings B.V.’s credit facility. The proceeds were used primarily for the purchase of Gallus BioPharmaceuticals, LLC, a contract manufacturing company involved in biologics development. More >>
Tags: Paul Hastings, LLP | New YorkMayer Brown advises Milestone Aviation Group and a consortium of financial investors in Milestone’s $1.775 billion sale to GE Capital
Mayer Brown represented Dublin-based helicopter lessor The Milestone Aviation Group and a consortium of financial investors led by private equity firm The Jordan Company in Milestone’s $1.775 billion stock sale to GE Capital Aviation Services, the aircraft leasing unit of GE. Milestone is the world’s largest helicopter-leasing company by fleet value and the first global aircraft operating lease company focused exclusively on the helicopter market. Mayer Brown also represented the financial investors in initially forming Milestone in 2010 and in multiple capital raising transactions. More >>
Tags: Mayer Brown LLP | Chicago | London | New York | WashingtonCahill Represents Underwriter in $305 Million Secondary Sale of Common Stock of Burlington Stores
Cahill represented J.P. Morgan as sole book-running manager in connection with the public offering of 8,000,000 shares of Common Stock of Burlington Stores, Inc. (NYSE: BURL), resulting in gross proceeds of $304,800,000. The selling stockholders received all of the proceeds of the sale.
Tags: Cahill Gordon & Reindel LLP | New YorkShearman & Sterling Represents InRetail Consumer in Senior Notes Offering, Offer to Purchase and Consent Solicitation
Shearman & Sterling represented InRetail Consumer, a Peruvian trust, along with its subsidiaries, in connection with (1) its issuance of US$300,000,000 aggregate principal amount of 5.250% Senior Notes due 2021 and (2) its offer to purchase and consent solicitation for any and all of the outstanding 8.875% Senior Secured Notes due 2018 of Interproperties Retail Trust, a Cayman trust. More >>
Tags: Shearman & Sterling LLP | New York | San Francisco | WashingtonAnbang Insurance Group Agrees to Purchase Waldorf Astoria Hotel
Skadden is representing Anbang Insurance Group (China) in its $1.95 billion acquisition of the iconic New York Waldorf Astoria Hotel from Hilton Worldwide. When completed, the sale will be the largest real estate acquisition to date by a Chinese company in the U.S. and the first real estate investment by Anbang outside of China.
Tags: New YorkCovington Advises Atlas Pipeline Partners on $5.8 Billion Merger
Covington & Burling advised the Special Conflicts Committee of the Board of Directors of Atlas Pipeline Partners in its $5.8 billion merger with Targa Resources Partners. More >>
Tags: Covington & Burling LLP | New YorkUnited Rentals (North America) Inc.’s Registered High-Yield Senior Debt Offerings
Cravath represented the underwriters, led by Morgan Stanley, BofA Merrill Lynch, Wells Fargo Securities, Barclays, Citigroup, Credit Suisse and Deutsche Bank Securities, in connection with the US$850 million and US$525 million registered high‑yield senior debt offerings of United Rentals (North America) Inc. (URNA), the largest equipment rental company in the world at the time of the offering. URNA intends to use the net proceeds from these offerings to finance its acquisition of National Pump, a specialty pump and industrial equipment rental businesses, and refinance existing indebtedness. The offerings closed on March 26, 2014. More >>
Tags: New YorkDLA Piper advises Synergy Health PLC on its $5.2 billion merger with Steris Corporation
DLA Piper has advised Synergy Health plc (“Synergy”), a leading global supplier of outsourced services to healthcare providers and other customers concerned with health management, on its recommended combination with STERIS Corporation (“STERIS”), a major provider of infection prevention and other procedural products and services focussed primarily on healthcare, pharmaceutical and research markets. The transaction, which was announced this morning, values Synergy at $1.9 billion, and the combined group at $5.2 billion. More >>
Tags: DLA Piper | New York





