Simpson Thacher Represents The Blackstone Group in Connection with the Announced Merger of Vanguard Health Systems and Tenet Healthcare Corporation

The Firm is representing The Blackstone Group in connection with the announced merger of Vanguard Health Systems, Inc. (NYSE:VHS) and Tenet Healthcare Corporation (NYSE:THC).  Investment funds affiliated with Blackstone own approximately 37.75% of the issued and outstanding shares of common stock of Vanguard.  Under the terms of the merger agreement, Tenet will acquire all of the issued and outstanding shares of common stock of Vanguard for $21 in cash per share.  The acquisition is valued at $4.3 billion, which includes the assumption of $2.5 billion in debt.  The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals and is expected to close before the end of 2013.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk Advises Quicksilver Resources Inc. in Connection with Its Refinancing

Davis Polk advised Quicksilver Resources Inc. (Quicksilver) in connection with its offering of $325 million aggregate principal amount of 11% senior notes due 2021, its offering of $200 million aggregate principal amount of second-lien senior secured floating-rate notes due 2019, and the concurrent closing of its $625 million second-lien term loan agreement. The notes were sold pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Ingersoll-Rand $1.55 Billion Senior Notes Offering

Davis Polk advised Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as book-running managers and representatives of several initial purchasers in connection with a Rule 144A/Regulation S offering of senior notes by Ingersoll-Rand Global Holding Company Limited. The offering consisted of $350 million principal amount of 2.875% notes due 2019, $700 million principal amount of 4.25% notes due 2023 and $500 million principal amount of 5.75% notes due 2043. The notes are guaranteed by Ingersoll-Rand Company Limited, Ingersoll-Rand International Holding Limited and Ingersoll-Rand public limited company.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Ingersoll Rand in $1.55 Billion Senior Notes Offering

The Firm represented Ingersoll-Rand plc (NYSE: IR) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 2.875% Senior Notes due 2019, $700 million aggregate principal amount of 4.250% Senior Notes due 2023 and $500 million aggregate principal amount of 5.750% Senior Notes due 2043. The notes were issued by Ingersoll-Rand Global Holding Company Limited and guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Limited Company and Ingersoll-Rand International Holding Limited. BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co. and J.P. Morgan acted as joint lead bookrunning managers of the offering.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Michele J. Alexander Joins Lowenstein Sandler’s Tax Group

Lowenstein Sandler LLP announced today that Michele J. Alexander has joined the firm as a partner in its Business Tax Counseling & Structuring Practice. She will focus on complex corporate and business tax issues, particularly involving mergers and acquisitions and the structure of transactions involving private equity and hedge funds. Alexander was previously with Wachtell, Lipton, Rosen & Katz.

More >>

Tags:  Lowenstein Sandler LLP | New York

Davis Polk – Rio Tinto $3 Billion Notes Offering

Davis Polk advised BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and RBS Securities Inc. as joint bookrunners on an SEC-registered offering by Rio Tinto Finance (USA) plc of $3 billion aggregate principal amount of notes guaranteed by Rio Tinto plc and Rio Tinto Limited. The offering consisted of $1 billion principal amount of 1.375% notes due 2016, $1.25 billion principal amount of 2.250% notes due 2018, $250 million principal amount of floating-rate notes due 2015 and $500 million principal amount of floating-rate notes due 2016.

More >>

Tags:  Davis Polk & Wardwell LLP | New York