Akin Gump Strauss Hauer & Feld LLP represented second lien noteholders of Eastman Kodak in the negotiation of an amended and restated commitment letter for $830 million in supplemental junior DIP financing. The firm also advised the noteholders on the offering to subscribe to fund their pro rata share of the new money loans under the DIP financing and exchange a pro rata amount of their pre-petition second lien notes for junior loans under the DIP financing facility.

More >>

DLA Piper has represented ESPN on the acquisition of its UK and Ireland TV business, including its live sports rights portfolio, by BT Group. Under the terms of the deal, BT will acquire the ESPN and ESPN America channels in the UK and Ireland and broadcast rights to the FA Cup, Clydesdale Bank Scottish Premier League, UEFA Europa League and the German Bundesliga.

More >>

The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (KKR) in connection with the sale of its stake in music rights management company BMG to Bertelsmann, the international media group. KKR and Bertelsmann have jointly developed BMG into a leading global music company. Following closing, which is subject to satisfaction of regulatory and other customary conditions, Bertelsmann will have full ownership of the company.

More >>

Manatt, Phelps & Phillips, LLP, announced that Michael R. Gordon, Eli R. Mattioli and Andrew L. Morrison have joined the firm’s New York office as partners in the Litigation Division. They join from K&L Gates, where all three were litigation partners.

More >>

International law firm Milbank, Tweed, Hadley & McCloy LLP represented Goldman Sachs Bank USA and Barclays Bank PLC as Joint Lead Arrangers, in the $640,000,000 refinancing of the Topaz Power Holdings, LLC (Topaz) power portfolio. The senior secured facilities included a $600,000,000 senior secured term loan facility, maturing in 2020, and a $30,000,000 senior secured revolving credit facility, terminating in 2017, the proceeds of which were used to refinance $527,000,000 of existing term construction loan and a $45,000,000 revolving credit facility of Topaz. Milbank also represented Goldman Sachs Bank USA as administrative agent for the senior secured facilities.

More >>

Paul Hastings, a leading global law firm, announced today that the firm represented Barrington Broadcasting Group LLC, an operator of television stations in markets across the United States, in the sale of 18 television stations to Sinclair Broadcast Group, Inc. for $370 million.

More >>

American Realty Capital Properties, Inc., and American Realty Capital Trust III, Inc., completed the closing of their merger in which global law firm Proskauer served as corporate counsel to both companies. The closing was announced February 28, 2013, after receiving approval by both companies’ stockholders on February 26.

More >>

Tarter Krinsky & Drogin LLP is pleased to welcome Alan R. Arkin as a Partner in the Litigation Group. Mr. Arkin represents private equity and hedge funds, financial institutions, corporations, and individuals in a wide range of civil, criminal, and regulatory matters, including commercial, securities, and corporate governance litigation, as well as with respect to internal, criminal, and regulatory investigations. He also has significant experience in alternative dispute resolution, including mediation and arbitration before the American Arbitration Association, JAMS, and FINRA.

More >>

Simpson Thacher recently represented HCA Holdings, Inc. and its principal stockholder, an entity affiliated with Bain Capital Partners, LLC and Kohlberg Kravis Roberts & Co., in connection with a secondary offering of 50,000,000 shares of common stock of HCA by the principal stockholder for aggregate gross proceeds of approximately $1.79 billion.

More >>

The Firm represented Automotive Investors LLC, an affiliate of The Blackstone Group L.P., and certain members of TRW Automotive Holdings Corp.’s (“TRW”) management in connection with a registered public offering of 10,000,000 shares of TRW’s common stock. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC served as underwriters for the offering. The gross proceeds from the offering were approximately $591.0 million.

More >>