Simpson Thacher Represents Initial Purchasers in $250 Million 7.500% Senior Notes Offering by Zachry Holdings, Inc.

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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Morgan 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.

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Tags:  Morgan Lewis & Bockius LLP | New York

Simpson 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.

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Tags:  Simpson Thacher & Bartlett LLP | New York

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.

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Tags:  Mayer Brown LLP | New York

Davis 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.

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Tags:  Davis Polk & Wardwell | New York