Orrick, Herrington & Sutcliffe LLP has advised Iowa Fertilizer Company LLC, a subsidiary of OCI N.V., in the $1.8 billion financing of a new nitrogen fertilizer production plant in Lee County, Iowa. This will be the first world scale natural gas-based fertilizer plant built in the United States in more than 20 years.
Tags: Orrick, Herrington & Sutcliffe LLP | New YorkSimpson Thacher Represents Blackstone in its $1.46 Billion Sale of a Portfolio of Prime Shopping Centers to DDR Corp.
The Firm is representing Blackstone Real Estate Partners VII (Blackstone) in connection with the sale of a portfolio of prime shopping centers to DDR Corp. from its existing joint venture with DDR Corp. for $1.46 billion. The joint venture between Blackstone and DDR currently owns 44 shopping centers. DDR has executed a purchase and sale agreement to acquire Blackstone’s 95% common equity ownership interest in 30 of these shopping centers. The 14 shopping centers not being acquired will remain in the venture owned 95% by Blackstone and 5% by DDR. The deal is expected to close in the fourth quarter of 2013 and is subject to customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Deutsche Bank Cayman Islands Branch in the Acquisition of Coinmach Service Corp.
The Firm represented Deutsche Bank Cayman Islands Branch as one of the controlling shareholders and a holder of senior notes of Coinmach Service Corp. in the $1.4 billion acquisition of Coinmach by Pamplona Capital Management LLP. Coinmach is the biggest laundry-equipment service provider in the United States. Pamplona also acquired Air-Serv Group LLC, which provides car-tire inflation services in North America, in connection with the transaction.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Seven Generations Energy Ltd. in $400 Million Senior Notes Offering
Simpson Thacher represented Seven Generations Energy Ltd. (“7G”) in connection with its Rule 144A and Regulation S offering of $400 million aggregate principal amount of 8.250% Senior Notes due 2020. 7G used the proceeds from the offering to fund its 2013 and 2014 capital development plans and for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New YorkDavis Polk – Webster Financial Corporation Secondary Offering
Davis Polk advised Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as the underwriters in an SEC-registered public offering of 8,744,850 shares of common stock, par value $0.01 per share, of Webster Financial Corporation, sold by Warburg Pincus Private Equity X, L.P. and Warburg Pincus X Partners, L.P., as the selling stockholders. The net proceeds from the offering totaled approximately $196.8 million.
Tags: Davis Polk & Wardwell LLP | New YorkPaul Hastings Represents Initial Purchasers in CHC Helicopter’s $300 Million Bond Offering
Paul Hastings, a leading global law firm, announced today that the firm represented Morgan Stanley and other Joint Book-Running Managers in connection with a $300 million senior unsecured notes offering by CHC Helicopter S.A., a leading helicopter services company.
Tags: Paul Hastings, LLP | New YorkPaul Hastings Represents Underwriters in Ps. 6.5 Billion SEC-Registered Notes Offering of Grupo Televisa, S.A.B.
Paul Hastings LLP, a leading global law firm, represented Citigroup, Deutsche Bank, HSBC and Morgan Stanley as underwriters in connection with an SEC registered issuance of debt securities of Grupo Televisa, S.A.B., the largest media company in the Spanish-speaking world and a major participant in the international entertainment business. The several times oversubscribed offering involved the issuance of Ps. 6.5 billion (approximately $540 million) of 7.25% Peso-denominated Senior Notes due 2043, Payable in Mexican Pesos, pursuant to a registration statement filed with the SEC. We understand from the parties to the transaction that this is the lowest coupon ever for a 30-year note in local currency by any corporate issuer in Latin America.
Tags: Paul Hastings, LLP | New YorkOrrick Obtains Complete Dismissal for Nomura in $259 Million RMBS Putback Litigation
In a decision announced on May 13, 2013, Orrick, Herrington & Sutcliffe LLP obtained for Nomura Credit & Capital, Inc. the complete dismissal with prejudice of a $259 million residential mortgage-backed securities (“RMBS”) putback lawsuit in New York Supreme Court. The Nomura case is one of the first among dozens of RMBS putback cases now pending in NY Supreme. This week’s decision is significant in part because it is the first such RMBS lawsuit dismissed with prejudice by a New York court on statute of limitations grounds.
Tags: Orrick, Herrington & Sutcliffe LLP | New YorkSimpson Thacher Advises Quintiles on Initial Public Offering
Simpson Thacher was special IPO counsel to Quintiles Transnational Holdings Inc. on the initial public offering of shares of its common stock. Quintiles is controlled by a private investor group comprised of affiliates of, or funds sponsored by, Dr. Dennis B. Gillings, Bain Capital Partners, LLC, TPG Global, LLC, 3i Corporation, Temasek Holdings (Private) Limited and certain other shareholders and management members. Morgan Stanley, Barclays and J.P. Morgan were joint book-running managers for the $1.1 billion offering. The shares began trading on the New York Stock Exchange under the ticker symbol “Q” on May 9, 2013. Quintiles is the world’s largest provider of biopharmaceutical development services and commercial outsourcing services.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Avianca Holdings S.A. in its Inaugural Global Bond Offering
The Firm recently advised Avianca Holdings S.A. (BVC: PFAVTA) in its US$300 million inaugural global bond offering of 8.375% Senior Notes due 2020. Avianca Holdings intends to use the net proceeds from the sale to finance its fleet modernization and other general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New York



