Simpson Thacher Represents KKR in the Acquisitions of PRA Holdings, Inc. and RPS Parent Holding Corp. and Related $375 Million Senior Unsecured Notes Offering and $950 Million Senior Secured Credit Facilities

Simpson Thacher represented Kohlberg Kravis Roberts & Co. L.P. (“KKR”) in the substantially contemporaneous acquisitions of PRA Holdings, Inc. (“PRA”) by KKR and of RPS Parent Holding Corp. (“RPS”) by PRA. As part of the financing for the acquisitions, PRA issued $375 million aggregate principal amount of 9.500% Senior Notes due 2023 in a Rule 144A and Regulation S offering and entered into a new $825 million term loan facility and a new $125 million revolving credit facility.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Shearman & Sterling Advises Ecopetrol on $2.5 Billion Offering

Shearman & Sterling acted as counsel to Ecopetrol S.A. in connection with a public offering of $350 million aggregate principal amount of its 4.250% Notes due 2018, $1.3 billion aggregate principal amount of its 5.875% Notes due 2023 and $850 million aggregate principal amount of its 7.375% Notes due 2043. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC acted as underwriters. This transaction represented the first time in four years that Ecopetrol had accessed the international capital markets.

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Shearman & Sterling Advises on ONEOK’s $1.25 Billion Notes Offering

Shearman & Sterling represented RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Deutsche Bank Securities Inc. as joint book-running managers and representatives of the several underwriters in connection with a shelf takedown of $425 million of 3.200% Senior Notes due 2018, $425 million of 5.000% Senior Notes due 2023 and $400 million of 6.200% Senior Notes due 2043, issued by ONEOK Partners, L.P. and guaranteed by ONEOK Partners Intermediate Limited Partnership.

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Milbank Represents Leading Chilean Beverage Company CCU in Equity Sale of $670 Million in Shares on New York Stock Exchange

Milbank, Tweed, Hadley & McCloy LLP is representing major Chilean bottler and beverage producer Compañía Cervecerias Unidas S.A. (CCU), and its consolidated subsidiaries, in the offering of $670 million in shares in the form of American Depository Receipts (NYSE: CCU) and rights, listed and traded on the New York Stock Exchange.

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Shearman & Sterling Advises John Deere Capital Corporation on $848 Million Asset-Backed Notes Offering

Shearman & Sterling represented John Deere Owner Trust 2013-B, as the issuing entity, John Deere Receivables, Inc., as the seller and depositor, and John Deere Capital Corporation, as the sponsor and servicer, in connection with the issuance and sale of approximately $848.6 million of asset-backed notes. The notes are backed by agricultural and construction equipment retail installment sale and loan contracts secured by new and used agricultural and construction equipment, the security interests in the equipment financed thereby and the proceeds thereof (the “receivables”). John Deere Capital Corporation purchased the receivables from Deere & Company and John Deere Construction & Forestry Company.

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Simpson Thacher Represents J.P. Morgan, Financial Advisor to Boise Inc., in Packaging Corp. of America’s Announced Acquisition of Boise for Approximately $2 Billion

Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.

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Tags:  Simpson Thacher & Bartlett LLP | New York