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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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 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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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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King & Spalding has recruited  Drew G.L. Chapman as a partner in the financial institutions practice in its New York office. Chapman joins King & Spalding from WilmerHale, where he was head of the alternative investment group. Chapman is the seventh financial institutions partner the firm has added in the past eight months.

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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 >>

Paul Hastings LLP, a leading global law firm, announced today that the firm acted as counsel to joint bookrunners UBS Investment Bank, Citigroup, Barclays, BofA Merrill Lynch, Credit Agricole CIB, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan, Morgan Stanley, RBC Capital Markets and RBS in connection with the issuance of $2.6 billion of senior notes by AerCap Ireland Capital Limited and  AerCap Global Aviation Trust to finance the $5.4 billion acquisition of International Lease Finance Corporation by AerCap Holdings N.V., a leading aircraft leasing company, from American International Group. More >>

Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Lending Partners LLC as sole lead arranger and sole bookrunner in connection with a $300 million senior secured first-lien term loan facility for McDermott Finance L.L.C., a subsidiary of McDermott International, Inc. (NYSE: MDR) (“McDermott”), and Goldman, Sachs & Co. as sole book-running manager in connection with an offering of $500 million of senior secured second-lien notes by McDermott and an offering of tangible equity units by McDermott generating gross proceeds of $287.5 million.  The transactions closed in April 2014.  Concurrently with the transactions, McDermott also obtained a $400 million senior secured first-lien letter of credit facility.

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A global team comprised of partners, counsel and associates from Canada, UKMEA and the US closed a US$210 million senior secured credit facility for an affiliate of Apollo Commercial Real Estate Finance, Inc., relating to a portfolio consisting of high-end and luxury condos, homes and apartments. This five-year deal includes 229 properties and is secured by both real property and equity pledges from sponsors across 10 US states, as well as Canada, the UK, Turks and Caicos, the Bahamas, Costa Rica, Mexico, Grand Cayman and the British Virgin Islands. This global portfolio is available for short-term rental by individuals who purchase memberships starting at US$150,000 plus annual fees to stay in luxury locations around the world. More >>

In a noteworthy private equity financing transaction, Milbank, Tweed, Hadley & McCloy LLP represented the initial purchasers in a $750 million high-yield debt offering issued to help finance the buyout of Signode Industrial Group by leading private equity investor The Carlyle Group.

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