The Firm is representing Best Buy Co., Inc. (NYSE: BBY) in connection with the announced agreement by Citigroup to purchase from Capital One Financial Corporation (NYSE: COF) and issue and manage for Best Buy the $7 billion portfolio of Best Buy-branded private label and co-branded credit cards in the United States. The transaction is subject to customary conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents JPMorgan, as Lead Arranger of the Exit Facilities for Beechcraft Holdings, LLC’s Emergence from Bankruptcy
Simpson Thacher represented JPMorgan Chase Bank, N.A. as administrative agent in connection with a $375 million senior secured term loan facility and a $225 million asset-based loan facility for Beechcraft Holdings, LLC in its emergence from Chapter 11 bankruptcy.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Office Depot in Announced Merger of Equals with OfficeMax
The Firm is representing Office Depot, Inc. (NYSE: ODP) in connection with its announced merger with OfficeMax Incorporated (NYSE: OMX). Under the terms of the merger agreement, the companies will be combined in an all-stock merger of equals transaction. The transaction is subject to stockholder approval from both companies, the receipt of regulatory approvals and other customary closing conditions, and is expected to close by the end of calendar year 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkMorgan Lewis Advises InterEnergy on $100M Equity Investment from IFC and the IFC ALAC Fund to Help Grow and Develop Cleaner Energy Sources in the Caribbean and Latin America
International Finance Corporation (IFC), a member of the World Bank Group, and the IFC African, Latin American and Caribbean Fund (IFC ALAC Fund), today announced a joint $100 million equity investment to help Cayman-based InterEnergy Holdings (IEH), owner and operator of power generation and distribution assets in Latin America and the Caribbean, to develop cleaner and more efficient energy sources in the Caribbean and expand operations in Latin America. IFC and the IFC ALAC Fund will each provide $50 million in equity to IEH.
Tags: Morgan Lewis & Bockius LLP | New YorkBryan Cave Welcomes New Real Estate Partner in New York
The international law firm Bryan Cave LLP announced today that Sonia Kaur Bain has joined the firm’s New York office as a partner. She will practice within the Real Estate Group.
Tags: Bryan Cave Leighton Paisner | New YorkSimpson Thacher Represents J.P. Morgan and BTMU in $1.2 Billion Bridge Financing to Total System Services in Connection with Total System Services’ Acquisition of NetSpend
Simpson Thacher is representing J.P. Morgan Securities LLC, as bookrunner and a lead arranger and The Bank of Tokyo-Mitsubishi UFJ, Ltd. as a lead arranger in connection with $1.2 billion in bridge financing to Total System Services, Inc. in connection with its acquisition of NetSpend Holdings, Inc. in an all cash transaction valued at approximately $1.4 billion. The proceeds of the bridge facility may be used, in part, to finance the acquisition, to repay certain indebtedness of NetSpend and to pay fees and expenses related thereto.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Corp Group Banking S.A. in US$500 Million International Bond Offering
The firm recently represented Corp Group Banking S.A. (“Corp Group”) in an offering of US$500 million aggregate principal amount of 6.750% notes due 2023. The notes were offered and sold pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933.
Tags: Simpson Thacher & Bartlett LLP | New YorkDavis Polk – TSYS Acquires NetSpend
Davis Polk is advising BofA Merrill Lynch as financial adviser to Netspend Holdings, Inc. in connection with its approximately $1.4 billion acquisition by Total System Services, Inc. (TSYS). The transaction is expected to close in mid-2013, and is subject to regulatory approvals, approval by NetSpend shareholders and customary closing conditions.
Tags: Davis Polk & Wardwell | New YorkShearman & Sterling Advises on Dual Bank and Bond Financings for FairPoint Communications
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Credit Suisse Securities (USA) LLC and Jefferies Finance LLC as joint lead arrangers and joint book managers in connection with a $715 million senior secured bank financing, consisting of $640 million term loans and a $75 million revolving credit facility. The firm also advised Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and Jefferies & Company, Inc. as joint-lead and bookrunning managers in connection with a concurrent issuance and private placement of $300 million aggregate principal amount of 8.75% senior secured notes due 2019, in each case for FairPoint Communications, Inc.
Tags: Shearman & Sterling LLP | New YorkPaul Hastings Leads L’Oreal to Trademark Win
Paul Hastings, a leading global law firm, announced today that the firm obtained affirmance of the complete victory that it had obtained at trial in a trademark infringement action for leading cosmetics and personal care products manufacturer, L’Oreal. Paul Hastings represented L’Oreal, Ralph Lauren’s exclusive licensee in the fragrance category, in a dispute involving the use by the U. S. Polo Association of a logo similar to Ralph Lauren’s famous Polo Player Logo. After USPA appealed the broad injunction entered by the district court, the Second Circuit affirmed on all grounds, including the district court’s finding of bad faith infringement.
Tags: Paul Hastings LLP | New York