Paul Hastings Corporate Team Represents Equinox in Acquisition of Remaining Sports Club/LA Fitness Clubs

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Equinox, a sports and fitness club company, in acquiring assets from Millennium Partners for $110 million.
The purchased assets include the remaining Sports Club/LA fitness clubs in New York, San Francisco, Washington D.C., Boston and Miami, as well as the Reebok Sports Club/NY fitness club on the Upper West Side of Manhattan.

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Paul Hastings Represents Initial Purchasers in Pinfra’s US$570 Million Follow-on Equity Offering

Paul Hastings LLP, a leading global law firm, represented Credit Suisse, J.P. Morgan, Itaú BBA and GBM as initial purchasers in connection with Promotora y Operadora de Infraestructura, S.A.B. de C.V.’s US$570 million follow-on equity offering of Series “L” Shares.  Pinfra’s follow-on offering of Series “L” Shares was the first L-share offering in Mexico in over 10 years.  The issued stock was offered publicly in Mexico on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S.  
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Paul Hastings Represents RBC and Credit Suisse in $850 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 $850 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. 
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Baker Botts Represents Barclays as Financial Advisor to Wisconsin Energy in its $9.1 Billion Acquisition of Integrys

Wisconsin Energy Corp. (NYSE: WEC) and Integrys Energy Group Inc. (NYSE: TEG) today announced that they have entered into a definitive agreement under which Wisconsin Energy will acquire Integrys in a transaction valued at $9.1 billion. Upon completion of the transaction, the combined company will be named WEC Energy Group, Inc. The combined entity is projected to have a regulated rate base of $16.8 billion in 2015, serve more than 4.3 million total gas and electric customers across Wisconsin, Illinois, Michigan and Minnesota, and operate nearly 71,000 miles of electric distribution lines and more than 44,000 miles of gas transmission and distribution lines.
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Hunton & Williams LLP Represents Owner of 20 Exchange Place in $240M Construction Loan

Hunton & Williams LLP advised DTH Capital Inc. in connection with a $240 million construction loan with respect to 20 Exchange Place, the landmark Art Deco building built in 1931 as headquarters for firms that ultimately became Citigroup.

A number of the tower floors were previously converted to apartments following construction financing obtained in 2006. The proceeds of the loan will be used, in part, to convert the remaining floors to residential apartments, significantly upgrade the residential amenities and build out commercial space on the mezzanine and subcellar floors.

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Akin Gump Advises Greenlight Capital in BioFuel Energy’s $275M Acquisition of JBGL

Today, Biofuel Energy Corp. announced that it had entered into a definitive agreement with certain affiliates of Greenlight Capital, Inc. and James R. Brickman pursuant to which Biofuel will acquire the equity interests of JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital, LP from Greenlight and Brickman. JBGL is a series of real estate entities involved in the purchase and development of land for residential purposes, construction lending and home building operations. JBGL is currently owned and controlled by Greenlight and Brickman.

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Paul Hastings Advises Banks on the Financing of SI Organization’s Acquisition of QinetiQ North America

Paul Hastings LLP, a leading global law firm, announced today that it represented UBS AG, Stamford Branch and RBC Capital Markets as lead arrangers on the financing for the acquisition by The SI Organization, Inc., a portfolio company of Veritas Capital Fund Management, L.L.C. of QinetiQ North America, Inc., a global provider of defense and security technology solutions. The financing consisted of a $478 million first lien term and revolving credit facilities and a $115 million second lien term facility.
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National Bank of Greece S.A. €2.5 Billion Equity Offering

Davis Polk advised Goldman Sachs International and Morgan Stanley & Co. International plc as joint global coordinators and joint bookrunners, and Citigroup Global Markets Limited, HSBC Bank plc, Mediobanca – Banca di Credito Finanziario S.p.A., Merrill Lynch International and UBS Limited as joint bookrunners, in connection with an offering by National Bank of Greece S.A. of 1,136,363,637 new ordinary shares at a price of €2.20 per share. The total gross proceeds from the offering amounted to €2.5 billion. The new ordinary shares are listed on the Athens Stock Exchange.

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Paul Hastings Represents Joint Bookrunners in Essar Steel Minnesota’s $450 Million Senior Secured Notes Offering

Paul Hastings LLP, a leading global law firm, announced that the firm represented joint bookrunners Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Jefferies LLC in connection with the offering of $450 million of 11.500% senior secured notes due 2020 by Essar Steel Minnesota LLC, a global integrated iron ore producer. The offering closed into escrow and subject to certain conditions, the net proceeds of the notes, together with certain other financing, will be used to complete the construction of a 7.0 million tonnes per annum fully-integrated pellet production facility in northern Minnesota. More >>

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