Florida 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 York

Kirkland & 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 York

Steel 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

Shearman & Sterling Advises Lenders on $600 Million Bridge Financing for Gasoducto Sur Peruano Pipeline Project

Shearman & Sterling acted as designated lenders’ counsel in connection with the $600 million bridge financing for Gasoducto Sur Peruano S.A.’s southern gas pipeline project in Peru. The bridge financing is expected to be taken out by a $3.8 billion project financing. This financing is expected to be one of the largest non-recourse financings in the region. More >>

Tags:  Shearman & Sterling LLP | New York | San Francisco

Davis Polk Advises Morgan Stanley on $2.25 Billion Subordinated Notes Offering

Davis Polk advised Morgan Stanley in connection with its SEC-registered global offering of $2.25 billion aggregate principal amount of 4.35% subordinated notes due September 8, 2026. The underwriters for the offering were led by Morgan Stanley & Co. LLC, and included Mitsubishi UFJ Securities (USA), Inc., ABN AMRO Securities (USA) LLC, Apto Partners, LLC, Banca IMI S.p.A., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, Commerz Markets LLC, HSBC Securities (USA) Inc., ING Financial Markets LLC, KeyBanc Capital Markets Inc., Lloyds Securities Inc., Mischler Financial Group, Inc., Natixis Securities Americas LLC, Scotia Capital (USA) Inc., SG Americas Securities, LLC, SunTrust Robinson Humphrey, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. More >>

Tags:  Davis Polk & Wardwell LLP | New York

Kleinberg Kaplan Bolsters Litigation & Risk Management Practice with Addition of Partner Steven R. Popofsky

Steven R. Popofsky has joined the firm as a partner in the Litigation and Risk Management department. With over 32 years in practice, Popofsky represents corporations, partnerships, private investment funds, individuals and family entities in a variety of complex and business litigation and arbitration matters. Popofsky previously was a litigation partner at Moses & Singer in New York. More >>

Tags:  New York

Akin Gump Advises Laclede Group on $625 Million Senior Note Offering

Akin Gump advised The Laclede Group, Inc. on the closing of a $625 million senior note offering. Laclede issued and sold $250 million aggregate principal amount of its floating rate senior notes due 2017, $125 million aggregate principal amount of its 2.55 percent senior notes due 2019 and $250 million aggregate principal amount of its 4.70 percent senior notes due 2044 in an underwritten public offering.

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Tags:  Akin Gump Strauss Hauer & Feld LLP | New York

Milbank Represents SMBC in NEXI-supported $200M Loan to Brazilian Agribusiness Amaggi to Boost Food Exports to Japan

Milbank, Tweed, Hadley & McCloy LLP advised Japan’s Sumitomo Mitsui Banking Corp. (SMBC) in providing a $200 million loan to leading Brazilian soybean producer Amaggi Commodities, a transaction insured by the Japanese export credit agency Nippon Export and Investment Insurance (NEXI). SMBC acted as Lender, Mandated Lead Arranger, Administrative Agent, Collateral Agent, and NEXI Agent.

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Tags:  Milbank LLP | New York