On July 10, Monitronics International, Inc. (“Monitronics”), a subsidiary of Ascent Capital Group Inc. (“Ascent”), signed a definitive agreement to acquire Security Networks, LLC (“Security Networks”), resulting in a leading home security solutions provider with greater scale, an expanded footprint and enhanced growth prospects.
Tags: Baker Botts L.L.P. | New YorkMilbank Represents Underwriters in $1.4 Billion Debt Offering by Israel Electric Corp.
Milbank, Tweed, Hadley & McCloy has represented Citigroup Global Markets Inc. and Barclays Capital Inc. in underwriting a series of four major debt offerings by Israel Electric Corporation Ltd. with an aggregate value of $1.4 billion.
Tags: Milbank LLP | New YorkChadbourne Represents Trustees in Restructuring of US$220 Million Notes to Finance Trump Ocean Club in Panama
Davis Polk – Tempur-Pedic $536,250,000 Term A Loan Refinancing
Davis Polk is advising Bank of America, N.A. as initial lender and administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated as a joint lead arranger and joint book manager in connection with the $536,250,000 refinancing of the existing senior secured term A loan facility for Tempur Sealy International, Inc.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk Advises Corsair Capital on Its Sale of Torus Insurance Holdings
Davis Polk is advising Corsair Capital as a selling shareholder in connection with the $692 million sale of Torus Insurance Holdings Limited to Enstar Group Limited and affiliates of Stone Point Capital LLC. Corsair Capital will receive both Enstar shares and cash consideration in the transaction. The transaction, which is subject to governmental and regulatory approvals and customary closing conditions, is expected to close by the end of the year.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk – Swiss Re Solutions Holding Corporation Cash Tender Offer
Davis Polk advised J.P. Morgan Securities LLC as dealer manager in connection with the cash tender offer by Swiss Re Solutions Holding Corporation to purchase any and all of its $400 million 6.45% notes due March 1, 2019, its $600 million 7% notes due February 15, 2026, and its $350 million 7.75% notes due June 15, 2030.
Tags: Davis Polk & Wardwell LLP | New YorkUBS Executive David L. Goldberg Joins Katten Litigation Practice
Katten Muchin Rosenman LLP announced today that David L. Goldberg has joined the firm as partner in its Litigation and Dispute Resolution practice in New York where he will represent corporate and individual clients in securities litigation and regulatory enforcement matters.
Tags: Katten Muchin Rosenman LLP | New YorkProskauer – American Realty Capital Properties To Acquire American Realty Capital Trust IV in $3.1 Billion Transaction
American Realty Capital Properties, Inc. (“ARCP”) announced a definitive merger agreement to acquire all of the outstanding shares of American Realty Capital Trust IV (“ARCT IV”) in a $3.1 billion transaction whereby ARCP will own 2,579 single tenant properties net leased to 470 tenants across 29 industries in 48 states. Proskauer served as counsel to ARCP and ARCT IV. The deal is expected to close in the third quarter of 2013.
Tags: Proskauer Rose LLP | New YorkPaul Hastings Advises Initial Purchasers in OHL Mexico’s $458.5 Million Global Equity Offering
Paul Hastings, a leading global law firm, announced today that the firm represented UBS, BBVA, Goldman Sachs, JP Morgan and Soc Gen as initial purchasers in a US$ 458.5 million global offering of shares of OHL Mexico which consisted of a public tranche in Mexico and a Rule 144A/Reg S tranche outside of Mexico. OHL Mexico is a subsidiary of Obrascon Huarte Lain, the leading Spanish construction, concession, transportation infrastructure, development and management company with global operations. OHL Mexico holds five toll road and one airport concession in Mexico. The company raised capital to fund investment in its current concessions, to repay existing obligations and to fund development of new projects in anticipation of the expected announcement by the Mexican government of its 350 billion pesos (US$26 billion) National Infrastructure Plan.
Tags: Paul Hastings, LLP | New YorkPaul Hastings Represents International Underwriters in SEC-Registered Secondary Global Offering of OMAs Shares and ADRs
Paul Hastings LLP, a leading global law firm, represented BofA Merill Lynch (Global Coordinator), BBVA, Santander, Barclays and Morgan Stanley as Joint Bookrunners in connection with the SEC registered secondary offering by Aeroinvest, S.A. de C.V. of shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (OMA). OMA, which is listed on NASDAQ (OMAB) and the Mexican Stock Exchange (OMA), operates, maintains and develops 13 airports in Mexico, concentrated in the country’s central and northern regions, including Monterrey. The shares and ADRs were sold by a subsidiary of ICA, the largest infrastructure company in Mexico.
Tags: Paul Hastings, LLP | New York