Kirkland & Ellis LLP advises The TriZetto Corporation, a provider of world-class healthcare information technology and service solutions owned by Apax Partners, which announced today that it has agreed to sell its majority ownership stake of TriZetto to Cognizant Technology Solutions Corp. for $2.7 billion in cash. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close during the fourth quarter of 2014. The Kirkland team was led by corporate partners Leo Greenberg and Srinivas Kaushik and associate John Kupiec, and included tax partners Patrick Gallagher and Sara Zablotney, and tax and corporate associates Vin Thorn, Solomon Eskinazi and Laura Brockelman. More >>
Tags: Kirkland & Ellis LLP | New YorkTRW Automotive’s Proposed $13.5 Billion Sale to ZF
Simpson Thacher is representing TRW Automotive Holdings Corp. (NYSE: TRW) in connection with its proposed sale to ZF Friedrichshafen AG (“ZF”). Under the terms of the transaction, ZF will acquire all of the outstanding shares of TRW for $105.60 per share in an all-cash transaction valued at approximately $13.5 billion on an enterprise value basis. The transaction, which is expected to close in the first half of 2015, is subject to stockholder and regulatory approvals and other customary closing conditions. More >>
Tags: New YorkWeil Advises Citi in Financing for FMC’s $1.8 Billion Acquisition of Cheminova
A Weil team led by New York partner Danek Freeman advised Citi in connection with providing committed debt financing for FMC Corp.’s $1.8 billion acquisition of Cheminova A/S, a multinational crop protection company based in Denmark, from Auriga Industries A/S. More >>
Tags: Weil, Gotshal & Manges, LLP | New YorkCahill Represents Initial Purchasers in $1.2 Billion Notes Offering by 21st Century Fox
Cahill represented J.P. Morgan Securities as lead book-running manager and the other book-runners in connection with the Rule 144A offering of $600,000,000 aggregate principal amount of 3.7% Senior Notes due 2024 and $600,000,000 aggregate principal amount of 4.75% Senior Notes due 2044, by 21st Century Fox America, Inc., a subsidiary of Twenty-First Century Fox, Inc. Proceeds were used for general corporate purposes. More >>
Tags: Cahill Gordon & Reindel LLP | New YorkPaul Hastings Represents RBC and Credit Suisse in $300 Million High Yield Bond Offering by Sanchez Energy
Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets, LLC and Credit Suisse Securities (USA) LLC as joint bookrunning managers in connection with the offering of $300 million principal amount of 6.125% senior notes due 2023 by Sanchez Energy Corporation, an independent exploration and production company focused on the acquisition and development of unconventional oil resources in the onshore U.S. Gulf Coast. More >>
Tags: Paul Hastings, LLP | New YorkSimpson Thacher Represents Underwriters in Offering of $1.1 Billion of Senior Notes by Linn Energy, LLC
The Firm represented the underwriters, led by Barclays Capital Inc., in connection with a registered offering by Linn Energy, LLC and Linn Energy Finance Corp. as co-issuers of $650 million aggregate principal amount of 6.5% senior notes due 2021 and $450 million aggregate principal amount of 6.5% senior notes due 2019. The senior notes due 2019 were issued as additional notes under an indenture pursuant to which Linn Energy issued $750 million of 6.5% senior notes due 2019 on May 13, 2011. The net proceeds from the offering were used to repay the Company’s bridge loan agreement, which was entered into to finance the acquisition of certain oil and natural gas properties and related assets of Devon Energy Corporation, and to repay certain indebtedness outstanding under the Company’s revolving credit facility. The offering closed on September 9, 2014. More >>
Tags: Simpson Thacher & Bartlett LLP | New YorkJPMorgan Chase’s $3 Billion Registered Subordinated Debt Offering
Cravath represented the underwriter, J.P. Morgan Securities, in connection with the US$3 billion registered subordinated debt offering of JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The transaction closed on September 10, 2014. More >>
Tags: Cravath, Swaine & Moore LLP | New YorkFlorida Power & Light Company $500 Million First Mortgage Bond Offering
Hunton & Williams LLP advised the underwriters in the sale of $500,000,000 Florida Power & Light Company’s 4.05% Series due October 1, 2044.
Florida Power & Light Company is the third-largest electric utility in the United States, serving approximately 4.7 million customer accounts across nearly half of the state of Florida. It is a leading Florida employer with approximately 8,900 employees. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. More >>
Tags: New YorkKirkland & Ellis Represents Taminco Corp. in Acquisition by Eastman Chemical Co. for $2.8 Billion
Kirkland & Ellis LLP is representing Taminco Corp. (NYSE:TAM), the world’s largest producer of alkylamines and alkylamine derivatives, which today announced a definitive agreement to be acquired by Eastman Chemical Company (NYSE: EMN) for $26.00 per share, for a total transaction value of approximately $2.8 billion in cash. The transaction was approved by the Taminco and Eastman boards of directors, and is expected to close in the fourth quarter of 2014 subject to a go-shop process, approvals and closing conditions. More information on the transaction is available here. More >>
Tags: Kirkland & Ellis LLP | New YorkSteel Dynamics, Inc.’s $1.2 Billion Senior Notes Offering
Shearman & Sterling represented Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Deutsche Bank Securities Inc., as joint bookrunning managers, and BMO Capital Markets Corp., PNC Capital Markets LLC and RBS Securities Inc. and Wells Fargo Securities, LLC as co-managers, in connection with a Rule 144A/Regulation S offering by Steel Dynamics, Inc. (the “Company”) of $700,000,000 aggregate principal amount of 5.125% Senior Notes due 2021 and $500,000,000 aggregate principal amount of 5.500% Senior Notes due 2024. The Senior Notes are guaranteed by certain subsidiaries of the Company. The Senior Notes were issued to escrow pending the Company’s planned acquisition of Severstal Columbus, LLC. More >>
Tags: New York | Washington





