Patton Boggs Adds Public Finance Team, Strengthens Private Fund Investment and Infrastructure Practices in New York and DC

Patton Boggs has established a public finance practice and significantly enhanced its private fund investment and infrastructure transactions capabilities with the addition of four prominent attorneys – three in its New York office and one in Washington DC. The move signals Patton Boggs’ continued focus on strengthening its capabilities in key areas where it is well positioned to deliver high quality services to its current and potential client base.

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Tags:  Squire Patton Boggs | New York

Simpson Thacher Represents Wm. Wrigley Jr. Company in Debt Refinancing Transactions

Simpson Thacher represented Wm. Wrigley Jr. Company in connection with the issuance of $3.0 billion aggregate principal amount of senior unsecured notes and the completion of a senior unsecured credit facility consisting of a $2,150.0 million term loan and a $500.0 million revolving credit facility. Wrigley used the proceeds from the senior unsecured notes offering and the term loan, together with cash on hand, to repay existing indebtedness, including amounts outstanding under its existing credit facility.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cahill Represents Financing Sources in $24.9 Billion Dell Buyout

Michael Dell and Silver Lake Management LLC today completed the buyout of Dell Inc. Valued at $24.9 billion, the transaction is reported to be the largest leveraged buyout completed since 2007 and one of the largest buyouts in history.  Prior to the go private transaction, Dell had been a publicly traded company for more than a quarter century. Dell stockholders received $13.75 in cash for each share of Dell common stock they held. That is in addition to a special cash dividend of 13 cents per share for total consideration of $13.88 per share in cash.

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Tags:  Cahill Gordon & Reindel LLP | New York

Cravath – Crown Castle’s Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

Cravath represented Crown Castle International Corp. in connection with its US$3.063 billion offering of 41,400,000 shares of its common stock and its US$977.5 million offering of 9,775,000 shares of its Mandatory Convertible Preferred Stock. Crown Castle expects to use the net proceeds from these offerings to finance a portion of the consideration to be paid to AT&T Inc. and its affiliates in connection with the recently announced tower transaction between Crown Castle and AT&T. The offerings closed on October 28, 2013. Crown Castle owns, operates and leases towers and other infrastructure for wireless communications.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents Underwriters in Initial Public Offering by CommScope Holding Company, Inc.

Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in the initial public offering by CommScope Holding Company, Inc. (“CommScope”), a portfolio company of The Carlyle Group (“Carlyle”), of an aggregate of 38,461,537 shares of its common stock. A total of approximately $576.9 million in proceeds was raised in the offering. CommScope received approximately $461.5 million in gross proceeds from the offering and the remaining $115.4 million in gross proceeds were received by an affiliate of Carlyle as selling stockholder. CommScope intends to use the net proceeds of the offering, together with cash on hand, to repay outstanding indebtedness.  CommScope shares are now listed on the NASDAQ Global Select Market under the ticker symbol “COMM”.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Senior State Department Official Jose W. Fernandez Joins Gibson Dunn in New York

Gibson, Dunn & Crutcher LLP is pleased to announce that Jose W.  Fernandez, the former Assistant Secretary of State for Economic, Energy and Business Affairs, has joined the firm as a partner in the New York office.  During his tenure, Fernandez led the bureau that was responsible for overseeing all aspects of the State Department’s commercial diplomacy worldwide.  At Gibson Dunn, he will focus his practice on mergers and acquisitions and finance in emerging markets in Latin America, the Middle East, Africa and Asia.“Throughout his career in private practice, Jose focused on M&A and finance, including project finance, privatizations and restructurings, primarily in Latin America and Africa,” said Ken Doran, Chairman and Managing Partner of Gibson Dunn.  “And during his tenure with the State Department, Jose further deepened and broadened his emerging markets experience to Europe, Asia and the MENA region.  He also gained substantial experience in important areas of U.S. law that are critical to major global clients, including trade sanctions and CFIUS, which will complement our existing regulatory expertise and enable us to deliver a more comprehensive compliance package to our clients throughout the world.”

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Tags:  Gibson, Dunn & Crutcher LLP | New York