Simpson Thacher represented J.P. Morgan Securities LLC, Merrill Lynch, Pierce Fenner & Smith Incorporated and Wells Fargo Securities, LLC in an offering of $250 million aggregate principal amount of 7.500% Senior Notes due 2020 by Zachry Holdings, Inc. The proceeds of the notes offering were used repay certain indebtedness.
Tags: Simpson Thacher & Bartlett LLP | New YorkMorgan Lewis Advises Apollo Global Management in Hostess Snack Cake Assets Acquisition
Affiliates of global alternative investment manager Apollo Global Management, LLC and merchant banking and management firm Metropoulos & Co. today announced that they have entered into a “stalking horse” asset purchase agreement to acquire certain assets of Hostess Brands, Inc.’s baked snack food business for $410 million in cash.
Tags: Morgan Lewis & Bockius LLP | New YorkLeading Energy Group Joins Orrick in New York
Orrick, Herrington & Sutcliffe LLP announced today that Tara Higgins, Torsten Marshall andRafael Galvan, a group of leading energy and project finance partners from Bingham McCutchen, have joined the firm as partners in Orrick’s Energy and Infrastructure Group, resident in New York.
Tags: Orrick, Herrington & Sutcliffe, LLP | New YorkMilbank Adds Partner Stuart Morrissy to Global Securities Practice
Milbank, Tweed, Hadley & McCloy announced that Stuart A. Morrissy has joined the firm’s Global Securities practice group as a partner in the New York office.
Tags: Milbank LLP | New YorkKramer Levin Successfully Represents Unsecured Creditors’ Committee as AES Eastern Energy, L.P. Confirms Chapter 11 Plan
Kramer Levin achieved confirmation of a chapter 11 plan in the $700 million bankruptcy case of AES Eastern Energy, L.P. et al. (“AEE”), which filed for chapter 11 protection on December 30, 2011.
Tags: Kramer Levin Naftalis & Frankel LLP | New YorkSimpson Thacher Represents Initial Purchasers in $300 Million Debt Offering by NeuStar, Inc.
Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, in an offering of $300 million aggregate principal amount of 4.50% Senior Notes due 2023 by NeuStar, Inc. (“NeuStar”) and guaranteed by certain of its subsidiaries. The net proceeds from the offering, together with borrowings under a new credit facility, were used to repay NeuStar’s existing term credit facility.
Tags: Simpson Thacher & Bartlett LLP | New YorkKleinberg Kaplan Adds Experienced Trusts and Estates Attorneys Claudio A. De Vellis and Dorothy J. Santos
Mayer Brown Represents CIMC on Inaugural $600 Million Letter of Credit Backed US Commercial Paper Program
Mayer Brown, a leading global law firm, announced today that it advised China International Marine Containers (Hong Kong) Limited (CIMC), part of the largest container manufacturing group in the world, on the establishment of a $600 million US commercial paper program supported by a letter of credit from Bank of China, New York Branch. The transaction marks one of the first letter of credit backed US commercial paper programs by an Asian issuer. Bank of America Merrill Lynch acted as structuring advisor and arranger.
Tags: Mayer Brown LLP | New YorkDavis Polk Advises the Los Angeles Dodgers Ownership Group on the Creation of SportsNet LA, a Regional Sports Network
Davis Polk is advising the Los Angeles Dodgers ownership group on the creation of American Media Productions, LLC, a new regional sports network called SportsNet LA, which will be the home for the Los Angeles Dodgers beginning with the 2014 Major League Baseball season. Time Warner Cable Inc. has agreed to be SportsNet LA’s charter distributor, and will carry the new network for its customers throughout Southern California and Hawaii under a long-term affiliation deal. Time Warner Cable also will be the exclusive advertising and affiliate sales agent for the new network and will have certain branding and programing rights with respect to the network. Time Warner Cable will also provide certain non-game production and technical services to the network. The agreement with Time Warner Cable is subject to certain closing conditions.
Tags: Davis Polk & Wardwell | New YorkSimpson Thacher Represents Underwriters in Debt Offering by JMP Group Inc.
Simpson Thacher represented the underwriters, led by UBS Securities LLC, Stifel, Nicolaus & Company, Incorporated and JMP Securities LLC, in connection with the public offering by JMP Group Inc. of $46 million of its 8.00% Senior Notes due 2023.
Tags: Simpson Thacher & Bartlett LLP | New York