In one of the largest unsecured credit financings ever in the aircraft leasing industry, Milbank, Tweed, Hadley & McCloy represented a group of leading financial institutions in providing an $850 million revolving credit facility for leading aircraft lessor Aviation Capital Group.

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Cravath represented the initial purchasers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, in connection with the US$1.6 billion 144A/Reg. S high-yield senior debt and senior payment-in-kind (PIK) “toggle” debt offering of Mariposa Borrower, Inc. and Mariposa Merger Sub LLC, issuers controlled by Ares Management and the Canadian Pension Plan Investment Board. Cravath also represented the lead arrangers, led by Credit Suisse, RBC Capital Markets, Deutsche Bank Securities, Goldman, Sachs & Co. and Morgan Stanley, of a $2.9 billion term loan to Mariposa Merger Sub LLC. The financing was in connection with the acquisition of Neiman Marcus Group LTD Inc., one of the largest luxury, multi-branded, fashion retailers in the world. Cravath previously represented Credit Suisse as joint lead arranger of committed financing in connection with the acquisition. The transaction was completed on October 25, 2013.

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Holland & Knight is enhancing its Latin America and Financial Services practice groups in New York with the addition of partner Stephen Double. Mr. Double represents investment banks, financial institutions and corporations worldwide in connection with capital markets, lending, securitizations and other finance transactions, with a primary focus on Brazil and Latin America.

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The Firm represented Hyundai Rotem Company (“Hyundai Rotem”) in connection with its initial public offering in Korea of 27,060,000 common shares with an offering size of approximately US$585 million.  This offering was the largest IPO by a Korean company since 2010.

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Osborne Clarke has announced the opening of an office in New York, USA.

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Paul Hastings LLP, a leading global law firm, announced today that it advised Morgan Stanley, Goldman Sachs and UBS Investment Bank in connection with the financing of the acquisition by private equity firm Centerbridge Partners, L.P. of a 40% interest in, and the related recapitalization of, syncreon Ireland B.V., a specialized provider of integrated logistics services to global industries, which, following the consummation of such transactions, will be indirectly controlled by a fund affiliated with GenNx360 Capital Partners, L.P., investment funds sponsored by Centerbridge and certain other investors.

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Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA as joint bookrunners and joint lead arrangers and Bank of America, N.A. as administrative agent, in connection with a $5.5 billion senior bridge term loan credit facility for McKesson Corporation. The financing is being provided on a “funds certain” basis in accordance with German takeover rules to support McKesson’s takeover offer for Celesio AG.

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On October 23, 2013, Hong Kong Aircraft Engineering Company Limited (“HAECO”) announced that it has entered into a conditional stock purchase agreement for the acquisition of TIMCO Aviation Services, Inc. (“TIMCO”) for cash consideration of US$388.8 million, subject to closing adjustments. Cravath represented HAECO in connection with this transaction. TIMCO is a U.S.‑based provider of aircraft maintenance, repair and other services. The acquisition is expected to be completed in the first quarter of 2014, subject to satisfaction of the conditions contained in the stock purchase agreement.

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Milbank, Tweed, Hadley & McCloy has advised underwriters in structuring $797 million in enhanced equipment notes issued by Virgin Australia Holdings Limited.  The offering represents the Australian carrier’s first foray in the global debt markets.

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Davis Polk advised CSX Corporation on its SEC-registered offering of $500 million aggregate principal amount of 3.700% notes due 2023.  Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.

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