Hogan Lovells advised the Trustees of the Kodak Pension Plan (KPP) on the implementation and completion of a comprehensive settlement of its claims against Eastman Kodak Company (EKC) and Kodak Limited, its UK subsidiary. This included the acquisition of EKC’s Personalized Imaging (PI) and Document Imaging (DI) businesses, valued at US$650 million but acquired through a mixture of release of claims and a cash consideration of $325m. The acquisition closed 3 September 2013, the day of EKC’s emergence from bankruptcy.
Tags: Hogan Lovells | New YorkMintz Levin Expands New York Bankruptcy Practice
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has expanded its Bankruptcy, Restructuring & Commercial Law practice in New York with the addition of John Bae, who joins as a Member.
Tags: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | New YorkSimpson Thacher Represents JPMorgan and Barclays as Joint Lead Arrangers for Eastman Kodak Company’s Bankruptcy Exit Financing
Simpson Thacher represented affiliates of JPMorgan Chase Bank, N.A. and Barclays Bank PLC as joint lead arrangers in connection with a $420 million senior term loan facility, a $275 million junior term loan facility and a $200 million asset-based revolving credit facility. JPMorgan and Barclays will act as administrative agents under the term loan facilities. The exit financing was effectuated through a plan of reorganization confirmed by the Bankruptcy Court for the Southern District of New York on August 23, 2013 and was consummated upon Kodak’s exit from bankruptcy.
Tags: Simpson Thacher & Bartlett LLP | New YorkMintz Levin Expands Tax Practice in New York with New Member Jonathan Talansky
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has added to its Tax Practice in New York with the addition of Jonathan Talansky, who joins as a Member.
Tags: Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | New YorkDavis Polk – Verizon Acquires 45% Interest in Verizon Wireless from Vodafone
Davis Polk is advising J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as financial advisers to Verizon Communications Inc. in connection with its $130 billion acquisition of a 45% interest in Verizon Wireless from Vodafone Group Plc. The transaction, which is expected to close in the first quarter of 2014, is subject to customary closing conditions, including regulatory approvals and the approval of both companies’ shareholders.
Tags: Davis Polk & Wardwell LLP | New YorkWhite and Williams Enhances Insurance and Business Practices
White and Williams LLP is expanding its comprehensive insurance practice with the addition of two well-known and respected partners whose practice focuses on the representation of insurance companies in insurance regulatory and transactional matters.
Tags: White and Williams, LLP | New YorkBallard Spahr Expands Consumer Financial Services Practice in New York with Addition of Noted Litigator Justin Angelo
Justin Angelo, who represents major financial institutions in a wide range of consumer financial services litigation matters, has joined Ballard Spahr’s nationally recognized Consumer Financial Services Group in its Manhattan office, firm Chair Mark Stewart announced today.
Tags: Ballard Spahr LLP | New YorkSimpson Thacher Represents Underwriters in $1.05 Billion Debt Offering for Boston Scientific Corporation
The Firm recently represented the underwriters, led by Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the public offering by Boston Scientific Corporation (“Boston Scientific”) of $1.05 billion of debt securities, consisting of $600 million of 2.65% notes due 2018 and $450 million of 4.125% notes due 2023. Boston Scientific will use the net proceeds from the offering, together with borrowings under its recent $400 million term loan facility, to redeem all or a portion of its 5.45% notes due June 15, 2014 and 4.50% notes due January 15, 2015, and to pay related fees, expenses and premiums.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Pritzker Organization to Acquire Kaye Scholer Client TMS International Corp. for Approximately $1 Billion
TMS International Corp. (NYSE:TMS) and The Pritzker Organization, LLC (TPO) announced earlier today a definitive merger agreement under which business interests of certain members of the Pritzker family will acquire TMS in an all-cash transaction valued at approximately $1 billion, including refinanced third-party debt. Kaye Scholer is advising TMS on legal matters related to the transaction.
Tags: Arnold & Porter Kaye Scholer LLP | New YorkWillkie Advises on Darling International’s $614 Million Acquisition of Rothsay Rendering Unit
On August 23, Darling International Inc., a leading provider of rendering, recycling and recovery solutions to the food industry, announced that it has entered into a definitive agreement to acquire all of the assets of Rothsay, a division of Maple Leaf Foods Inc., for approximately $614 million in cash. Willkie represented BMO Capital Markets Corp., financial advisor to Darling, in the transaction.
Tags: Willkie Farr & Gallagher LLP | New York







