The Firm recently represented Goldman Sachs Bank USA in connection with a US$200 million loan financing to Empresas ICA, S.A.B. de C.V. The loan proceeds will be used to fund an upfront payment for the grant of a concession by the Mexican Government to develop an 83-kilometer toll road between the states of Queretaro and Guanajuato, Mexico, the Palmillas Project.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents the Administrative Agent in Refinancing of $2 Billion Revolving Credit Facility for QVC, Inc.
The firm recently represented the Administrative Agent in connection with the amendment and restatement of QVC, Inc.’s $2,000,000,000 revolving credit agreement.
Tags: Simpson Thacher & Bartlett LLP | New YorkSidley Austin LLP Expands M&A and Private Equity Practices With Addition of Mark Thompson
Sidley Austin LLP announced today that it has added Mark E. Thompson as a partner in its New York and London offices. Mr. Thompson will be a member of the Firm’s M&A and Private Equity practices.
Tags: Sidley Austin LLP | New YorkMayer Brown Adds Lewis Greenwald as Partner in New York Tax Transactions & Consulting Practice
Mayer Brown, a leading global law firm, announced today that Lewis J. Greenwald, has joined the New York office as a partner in the Tax Transactions & Consulting practice. Mr. Greenwald focuses his practice on providing international tax planning for multinational clients.
Tags: Mayer Brown LLP | New YorkSimpson Thacher Represents JPMorgan and Citibank in $2.8 Billion Revolving Credit Facility for Sprint Nextel Corporation
The Firm recently represented JPMorgan Chase Bank, N.A., as administrative agent, and Citibank, N.A., as syndication agent, in a new $2.8 billion revolving credit facility for Sprint Nextel Corporation. The new five year credit facility replaces the company’s existing $2.2 billion facility that was to expire in October 2013. The new facility provides supplemental liquidity for general corporate purposes and will be used to support the letter of credit required by the Federal Communications Commission’s Report and Order to reconfigure the 800 MHz band.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Nielsen in $1.288 Billion Secondary Offering of Common Stock
The Firm recently represented Nielsen Holdings N.V. (“Nielsen”), a portfolio company of AlpInvest Partners, The Blackstone Group, The Carlyle Group, Centerview Partners, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners (together, the “Sponsors”) in connection with a secondary offering of 40,814,884 shares of Nielsen’s common stock. The offering closed at a public offering price of $32.55 per share, resulting in gross proceeds to the Sponsors of approximately $1.288 billion.
Tags: Simpson Thacher & Bartlett LLP | New YorkPaul Hastings Advises Debt Financing Sources in Berkshire’s Acquisition of SRS Distribution
Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS AG, Stamford Branch, as administrative agent in connection with both a $220 million term loan and a $100 million asset-based revolving credit facility, and UBS Securities LLC and Barclays Bank PLC as arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of SRS Holding Corporation, the parent company of roofing supply distributor SRS Distribution Inc., by Berkshire Partners LLC.
Tags: Paul Hastings, LLP | New YorkAkin Gump Represents Eastman Kodak Second Lien Noteholders in $830 Million DIP Financing
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.
Tags: Akin Gump Strauss Hauer & Feld LLP | New YorkDLA Piper Advises ESPN on Sale of UK and Ireland TV Channels to BT Group
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.
Tags: DLA Piper | New YorkSimpson Thacher Represents KKR in Sale of Stake in Music Company BMG
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.
Tags: Simpson Thacher & Bartlett LLP | New York