Simpson Thacher advised Brixmor Property Group Inc., a Blackstone portfolio company, on its $948.8 million initial public offering of common stock.  BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities were the joint bookrunners and representatives of the underwriters for the offering. The common stock began trading on The New York Stock Exchange under the ticker symbol “BRX” on October 30, 2013. Brixmor owns and operates the nation’s largest wholly-owned portfolio of grocery-anchored community and neighborhood shopping centers, with more than 520 properties aggregating approximately 87 million square feet of gross leasable area located primarily across the top 50 U.S. metropolitan statistical areas.

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Davis Polk advised Barclays Capital Inc. and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on a public offering by Laboratory Corporation of America Holdings (LabCorp) of $400 million aggregate principal amount of 2.5% senior notes due 2018 and $300 million aggregate principal amount of 4% senior notes due 2023.

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On November 1, Willkie client Brookfield Property Partners L.P. announced that it has agreed to acquire additional shares and warrants of General Growth Properties, Inc. for total consideration of $1.4 billion. As a result of the acquisition, Brookfield will increase its fully-diluted ownership interest in GGP to 32%, assuming the exercise of all of the outstanding warrants or approximately 28% on an undiluted basis. Brookfield will continue to hold its interest in a consortium alongside institutional investors who, collectively with Brookfield, will own approximately 40% of GGP on a fully-diluted basis.

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Milbank, Tweed, Hadley & McCloy has represented underwriters Bank of America Merrill Lynch and JP Morgan Securities in a $1 billion bond offering by Banco Nacional de Costa Rica, Costa Rica’s largest bank.

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The Firm recently represented Empresa Nacional de Telecomunicaciones S.A. (“Entel”), one of Chile’s largest telecommunications providers, in a Rule 144A / Regulation S offering of US$1 billion of 4.875% Senior Notes due 2024. This transaction was Entel’s inaugural offering of securities in the international capital markets. HSBC Securities (USA) Inc. and Citigroup Global Markets Inc. acted as representatives of the initial purchasers in the offering, which closed on October 30.

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Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) and its principal stockholder, an entity affiliated with Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co., in connection with a secondary offering of 30,000,000 shares of common stock of HCA by the principal stockholder for aggregate gross proceeds of approximately $1.4 billion, and a concurrent share repurchase by HCA of 10,656,436 additional shares from the principal stockholder. The concurrent share repurchase resulted in additional gross proceeds of approximately $500 million.

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Davis Polk advised Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC as underwriters in connection with an $835 million SEC-registered secondary offering of 5,965,304 common shares in the capital of Canadian Pacific Railway Limited (CP) by certain funds managed by Pershing Square Capital Management, L.P. The common shares are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “CP.”

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Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, as representatives of the several initial purchasers, in connection with a Rule 144A/Regulation S offering by the Dayton Power and Light Company of $445 million of its First Mortgage Bonds 1.875% Series Due 2016.

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Davis Polk advised Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., Credit Suisse Securities (USA) LLC, BNP Paribas Securities Corp. and RBS Securities Inc. as joint book-running managers and representatives of the underwriters on an SEC-registered public debt offering by Bristol-Myers Squibb Company of $500 million principal amount of its 1.750% notes due 2019, $500 million principal amount of its 3.250% notes due 2023 and $500 million principal amount of its 4.500% notes due 2044.

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The Firm recently represented Citigroup Global Markets Inc. as initial purchaser in a US$500 Million offering of 6.6000% Amortizing Notes due 2024 issued by The Dominican Republic. The sovereign debt offering was conducted in reliance on Rule 144A and Regulation S.

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