Paul Hastings Represents Kaydon in the Closing of Its $1.25 Billion Acquisition by SKF

Paul Hastings LLP, a leading global law firm, announced today that it represented Kaydon Corporation (NYSE: KDN), a leading designer and manufacturer of custom engineered, and performance-critical products, in its closed acquisition by SKF, a manufacturer and supplier of ball and roller bearings, linear motion products, precision bearings, spindles and seals, for $35.50 per share in an all-cash transaction that valued Kaydon at approximately $1.25 billion, including debt.

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Tags:  Paul Hastings, LLP | New York

Cravath – Wm. Wrigley Jr. Company’s $3 Billion Debt Offering

Cravath represented the initial purchasers, led by BofA Merrill Lynch, Citigroup, J.P. Morgan Securities, Mizuho Securities and Rabo Securities USA Inc., in connection with the US$3 billion 144A/Reg. S debt offering of Wm. Wrigley Jr. Company, the world’s largest manufacturer and marketer of gum and a leader in the non‑chocolate confections category. The proceeds from the offering were used to repay borrowings from Mars, Incorporated, fees and expenses related to other refinancing transactions and general corporate purposes. The transaction closed on October 21, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Deputy Director of the National Advertising Division Joins Loeb & Loeb

Loeb & Loeb LLP announced today that David G. Mallen, the deputy director of the National Advertising Division (NAD) of the Council of Better Business Bureaus (CBBB) and an experienced attorney in the areas of advertising and consumer protection law, has joined the firm as a partner in the New York office. Mallen brings with him nearly 15 years of experience from NAD, the advertising industry’s self–regulatory body, which investigates and adjudicates issues relating to truth and accuracy in advertising.

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Paul Hastings Represents Grupo Lala in International IPO

Paul Hastings LLP, a leading global law firm, announced today that it represented Grupo Lala, Mexico’s largest dairy company and one of the leading dairy companies in Latin America, in completing its $1.1 billion initial public offering of common stock. The offering is the largest IPO of the year from Latin America.

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Cravath – Crown Castle’s $4.85 Billion Acquisition of AT&T Towers

On October 20, 2013, Crown Castle International Corp. and AT&T Inc. announced that they have entered into a definitive agreement pursuant to which Crown Castle will acquire rights to approximately 9,700 AT&T towers for US$4.85 billion in cash at closing, subject to certain limited adjustments. Cravath represented Crown Castle in connection with this transaction.

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Tags:  Cravath, Swaine & Moore LLP | New York

Paul Hastings Advises Ventura Capital Privado S.A. de CV in the Takeover and Restructuring of Maxcom Telecomunicaciones, S.A.B. de C.V.

Paul Hastings LLP, a leading global law firm, announced today that it represented private equity firm Ventura Capital Privado, S.A. de C.V in its successful takeover of Maxcom Telecomunicaciones, S.A.B. de C.V. (NYSE: MXT, BMV: MAXCOM.CPO), a facilities-based telecommunications provider. The takeover, led by Ventura on behalf of a group of investors, was accomplished through a simultaneous public tender offer for the shares of Maxcom in Mexico and an SEC registered tender offer in the U.S. The takeover was conditioned on a complete reorganization of Maxcom’s capital structure which was accomplished by the filing of a prepackaged Chapter 11 bankruptcy plan in Delaware. The U.S. bankruptcy filing was needed to compel all of the holders of Maxcom’s internationally traded bonds to agree to the terms of the restructuring. In the restructuring, Maxcom’s existing bondholders were issued new bonds.

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Davis Polk Advises L Brands on Its $500 Million Notes Offering

Davis Polk advised L Brands, Inc. in connection with its SEC-registered offering of $500 million aggregate principal amount of 5.625% senior notes due 2023. The notes are guaranteed by certain subsidiaries of L Brands, Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC were the joint book-running managers.

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Tags:  Davis Polk & Wardwell LLP | New York