Cahill represented Barclays, J.P. Morgan, Morgan Stanley, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $1,250,000,000 comprised of $750,000,000 aggregate principal amount of 3.875% Senior Notes due 2018 and $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2021 by International Lease Finance Corporation.
Tags: Cahill Gordon & Reindel LLP | New YorkDechert Advises Sovereign Wealth Fund in Purchase of Hotel Assets from CNL/MSR Resorts
A multi-disciplinary team of Dechert attorneys recently finalized a long-standing matter allowing a sovereign wealth fund to purchase numerous hotel assets out of the high profile bankruptcy of CNL/MSR Resorts. The firm has represented this client since 2006 when it made its initial loan to CNL/MSR, which was indirectly secured by five high-end luxury resorts (including the iconic Arizona Biltmore and the Grand Wailea in Hawaii). CNL/MSR Resorts filed for Chapter 11 on February 1, 2011 and the firm worked with this client to make an offer to buy the assets owned by the Debtors within a week after the filing. That initial offer was rebuffed and so began a two-year process to gain control of the resorts.
Tags: Dechert LLP | New YorkAkin Gump Advises OneRoof Energy in $100 Million Financing Deal
Akin Gump Strauss Hauer & Feld LLP advised OneRoof Energy, Inc. in the acquisition of $100 million in new financing.
Tags: Akin Gump Strauss Hauer & Feld LLP | New YorkPaul Weiss – Swiss Re Completes $750 Million Offering
Paul, Weiss client Swiss Reinsurance Company Ltd completed an offering of $750 million of subordinated contingent write-off loan notes with a scheduled maturity in 2024. The loan notes can be permanently written down to zero, and investors lose their principal if the solvency ratio of Swiss Reinsurance Company Ltd falls below a predetermined threshold. The loan notes were issued through a so-called “repackaging vehicle.” The offering was Regulation S only.
Tags: Paul, Weiss, Rifkind, Wharton & Garrison LLP | New YorkSimpson Thacher Represents Cedar Fair, L.P. in Comprehensive Refinancing
The Firm represented Cedar Fair, L.P. (“Cedar Fair”) in restructuring its secured bank and high yield debt profile. The concurrent refinancing transactions by Cedar Fair included (i) the termination of its existing senior secured credit facilities and the entry into a new $630 million senior secured term loan credit facility and a new $255 million senior secured revolving credit facility; and (ii) a private placement, including registration rights for the investors, of $500 million aggregate principal amount of 5.25% Senior Notes due 2021 conducted in reliance on Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Underwriters in IPO of Artisan Partners
The Firm recently advised the underwriters, led by Citigroup Global Markets Inc. and Goldman, Sachs & Co., on the initial public offering of Class A common stock of Artisan Partners Asset Management Inc. Artisan Partners’ shares are now listed on the New York Stock Exchange under the ticker symbol “APAM”.
Tags: Simpson Thacher & Bartlett LLP | New YorkMayer Brown Strengthens Restructuring, Bankruptcy & Insolvency Practice in NY with Addition of Joel Moss as Partner
Mayer Brown, a leading global law firm, announced today that Joel Moss has joined the firm in New York as a partner in the Restructuring, Bankruptcy & Insolvency practice. Previously, Mr. Moss was a director at Barclays in New York, where he handled bankruptcy and restructuring matters in the US.
Tags: Mayer Brown LLP | New YorkDechert Advises Travelport in Litigation Settlement with American Airlines
Travelport, a leading provider of critical transaction processing solutions and data to global travel companies, and American Airlines, a wholly owned subsidiary of AMR Corporation, today announced that they have resolved all litigation between the two companies, and that they have reached a new long-term, global distribution agreement that enables continued access to shop and book American Airline flights via Travelport. Dechert LLP represented Travelport with respect to the two-year old litigation and advised the company with regard to the new commercial agreement. The terms of the settlement agreement require review and approval by the bankruptcy court presiding over AMR Corporation’s restructuring.
Tags: Dechert LLP | New YorkMcDermott Welcomes Leading Dealmaker to New York Office
McDermott Will & Emery LLP today announced that leading corporate dealmaker Brian Hoffmann has rejoined the Firm as a partner based in its New York office. Mr. Hoffmann, who was previously Co-Chair of the M&A practice in the Americas at another international law firm, has more than 30 years of experience advising clients on dozens of public and private transactions.
Tags: McDermott, Will & Emery | New YorkIntellectual Property Litigator Paul Gupta Joins DLA Piper in New York
DLA Piper announced today that Paul R. Gupta has joined the firm’s Litigation and Intellectual Property and Technology practices as a partner in New York.
Tags: DLA Piper | New York