Paul Hastings Advises UBS and Merrill Lynch in $220 Million U.S. Shipping Corp. Financing

Paul Hastings, a leading global law firm, announced today that the firm represented the lead arrangers UBS AG, Stamford Branch and Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the financing of the first lien credit facility of U.S. Shipping Corp., a leading provider of long-haul marine transportation services. The financing consisted of a $220 million first lien term facility and $50 million second lien term facility.

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Tags:  Paul Hastings, LLP | New York

Edwards Wildman Expands Asia-Pacific Capabilities with Addition of Two Corporate Lawyers in New York City Office

Edwards Wildman Palmer LLP is pleased to announce that Howard H. Jiang has joined the firm as a partner and Jie Xiu as counsel in its Business Law Department. Jiang and Xiu will be resident in the firm’s office in New York City. Their practice focuses on all aspects of corporate law, including mergers and acquisitions, business ventures, and securities and corporate governance.

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Tags:  New York

Simpson Thacher Represents Pinnacle Foods in Refinancing Transactions

The Firm recently represented Pinnacle Foods Inc. (“Pinnacle Foods”) and its indirect wholly-owned subsidiary, Pinnacle Foods Finance LLC, in connection with a new senior secured credit facility, consisting of a $1,630 million term loan due 2020 and a $150 million revolving credit facility due 2018, as well as the sale of $350 million aggregate principal amount of 4.875% senior unsecured notes due 2021.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Initial Purchasers in Sale of $500 Million Senior Notes Due 2016 by Realogy Group LLC

Simpson Thacher represented the initial purchasers, led by joint book-running managers, J.P. Morgan Securities LLC, Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Credit Agricole Securities (USA) Inc., and by co-manager, CRT Capital Group LLC, in the sale of an aggregate principal amount of $500 million 3.375% Senior Notes due 2016 by Realogy Group LLC (“Realogy”). The notes are guaranteed on an unsecured senior subordinated basis by Realogy Holdings Corp., the indirect parent of Realogy, and on an unsecured senior basis by each of Realogy’s existing and future domestic subsidiaries that is a guarantor under Realogy’s senior secured credit facility and its existing secured notes or that guarantees certain other indebtedness in the future, subject to certain exceptions. Realogy intends to use the net proceeds from the offering, together with borrowings under its revolving credit facility, to redeem all of its outstanding 11.50% Senior Notes due 2017.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Zhong Lun Law Firm Establishes New York Office

On April 23, 2013, Zhong Lun Law Firm announces the opening of its New York office. Located in the heart of Midtown Manhattan, the new office is led by Philip Zhang and T.K. Chang. Both of them have over tens of years of private practice experience with leading international law firms. The office is also supported by over 40 partners in Zhong Lun’s worldwide offices who hold U.S. law degrees, and who would be able to provide clients with seamless round-the-clock legal service.

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Tags:  Zhong Lun Law Firm | New York

Cravath – Affinia Group’s High-Yield Senior Debt Offering

Cravath represented the initial purchasers, J.P. Morgan Securities, BofA Merrill Lynch, Barclays and Deutsche Bank Securities, in connection with the US$250 million 144A/Reg. S high‑yield senior debt offering of Affinia Group Inc., a global leader in the light and commercial vehicle replacement products and services industry. Affinia Group Inc. is a portfolio company of private equity sponsor Cypress Group L.L.C. The transaction closed on April 25, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents SeaWorld Entertainment and Selling Stockholders in Initial Public Offering

The Firm represented SeaWorld Entertainment, Inc. (“SeaWorld Entertainment”), a portfolio company of The Blackstone Group L.P., and certain selling stockholders affiliated with The Blackstone Group L.P. (the “Selling Stockholders”), in connection with an initial public offering of common stock. SeaWorld Entertainment is a leading theme park and entertainment company that owns or licenses a portfolio of globally recognized brands including SeaWorld, Shamu and Busch Gardens. SeaWorld Entertainment has a portfolio of 11 destination and regional theme parks across the United States, which showcases its one-of-a-kind collection of approximately 67,000 marine and terrestrial animals.

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Tags:  Simpson Thacher & Bartlett LLP | New York