The Firm is representing Sirius XM Radio Inc. (“SiriusXM”) in connection with its $530 million acquisition of the connected vehicle services unit of Agero, Inc. (“Agero”). The connected vehicle unit of Agero is the leading provider of innovative telematics services, offering safety, security and convenience services for drivers and end-to-end, turnkey solutions for automakers.  The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2013.

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Cahill represented BofA Merrill Lynch and Deutsche Bank Securities as joint book-running managers and the co-managers in connection with Rule 144A offering of $300,000,000 aggregate principal amount of 8% Senior Notes due 2020 by Playa Resorts Holding B.V. Proceeds from the offering, together with proceeds from an investment from Hyatt Hotels Corporation, were used to fund the acquisition of various all-inclusive resorts in Mexico, Dominican Republic and Jamaica as well for general corporate purposes and to refinance existing indebtedness.

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The Firm recently represented Wells Fargo Securities, LLC and Deutsche Bank Securities Inc., as underwriters, in connection with a public offering by Web.com Group, Inc. (“Web.com”) of $258,750,000 aggregate principal amount of its 1.00% Senior Convertible Notes due 2018. The offering closed on August 14, 2013.

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Cahill represented UBS Investment Bank and Barclays as book-running managers and the other underwriters in connection with the secondary public offering of 23,000,000 ordinary shares of Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) by Star NCLC Holdings Ltd. and certain funds affiliated with Apollo Global Management, LLC and TPG Global, LLC, resulting in gross proceeds of approximately $684,250,000 to the selling shareholders. Norwegian did not sell any ordinary shares in the offering and did not receive any of the proceeds from the offering.

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Lowenstein represented Tower International, Inc. (NYSE: TOWR) and Tower International Holdings, LLC, an affiliate of Cerberus Capital Management, L.P., in connection with a $160 million SEC-registered secondary offering of 7,888,122 shares of Tower International, Inc.’s common stock by Tower International Holdings, LLC, at a price to the public of $21.25 per share. The Lowenstein team was led by Robert G. Minion, Peter H. Ehrenberg and Michael J. Reinhardt and included attorneys Brian A. Silikovitz, Alison S. Fraser and Kate Basmagian.

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International law firm McDermott Will & Emery represented Irving Oil, a privately owned regional energy and marketing company that owns and operates Canada’s largest refinery, in forming a joint venture with TransCanada to develop and construct the proposed $300 million Canaport Energy East Marine Terminal at Irving Canaport in Saint John, New Brunswick.  Irving Oil will operate the Canaport Energy East Marine Terminal, which will connect the proposed $12 billion Energy East Pipeline project recently announced by TransCanada to an ice-free, deep water port.

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A Weil team led by Corporate partners Philip Rosen and Shayla Harlev is acting as counsel to Verde Realty Operating Partnership, L.P., a majority-owned subsidiary of funds managed by Brookfield Property Partners LP, in connection with the $1.1 billion acquisition of Industrial Developments International Inc. (IDI) from a subsidiary of Japan’s Kajima Corp. Based in Hamilton, Bermuda, Brookfield is an owner, operator, and investor in commercial properties. Through Verde’s purchase of IDI, which is based in Atlanta, Brookfield and its institutional partners will gain a network of 75 distribution facilities operating in 12 US states for a total of 27 million square feet of industrial distribution space. They will also add IDI’s 49 million square feet of future development projects and third-party property management business. Brookfield is purchasing about 25 percent of IDI; its partners will acquire the balance of the company.

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On August 12, 2013, Unilever announced that it has signed an agreement for the sale of its Wish‑Bone and Western dressings brands to Pinnacle Foods Inc. for a total cash consideration of approximately US$580 million, subject to regulatory approval. Cravath represented Unilever in connection with this transaction, which is expected to close later in the third quarter, or early in the fourth quarter, of 2013.

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Thomas M. Devaney has joined Sheppard, Mullin, Richter & Hampton LLP as a partner in the firm’s Corporate practice group, based in the firm’s New York office.  Devaney joins from Morrison & Foerster, where he was a partner and led that firm’s private funds practice in New York for more 7 years.

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Milbank, Tweed, Hadley & McCloy has represented the Government of Bermuda in its largest-ever sovereign bond issuance, $750 million of 4.854% senior notes due 2024.

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