McGuireWoods Strengthens Securities Practice in New York with Partner Hire

McGuireWoods LLP today announced that Stephen Older has joined the firm as a partner in its corporate and securities group in New York. As part of his practice, Older routinely represents both issuers and underwriters in a broad variety of securities transactions and has experience in a number of different industries, including healthcare, consumer and financial services and REITs, and has broad mergers and acquisitions and private equity experience.

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Shearman & Sterling Advises Underwriters in $1.5 Billion Debt Offering by Avon

Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters, in a four-tranche debt offering by Avon Products, Inc. (“Avon”) of $250 million of 2.375% Notes due 2016, $500 million of 4.600% Notes due 2020, $500 million of 5.000% Notes due 2023 and $250 million of 6.950% Notes due 2043. Avon is a global manufacturer and marketer of beauty and related products, having sales operations in 65 countries and territories and distributing products in 43 more. This transaction is the sixth securities offering that Shearman & Sterling has completed in connection with Avon that have raised over $3.7 billion for the company.

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Davis Polk – Discovery Communications, LLC $1.2 Billion Senior Notes Offering

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC as joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of $350 million 3.250% senior notes due 2023 and $850 million 4.875% senior notes due 2043 by Discovery Communications, LLC. The senior notes are guaranteed by the issuer’s indirect parent company, Discovery Communications, Inc.

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Davis Polk – Goldcorp Inc. $1.5 Billion Senior Notes Offering

Davis Polk advised HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers in connection with a $1.5 billion SEC-registered debt offering by Goldcorp Inc., consisting of $500 million aggregate principal amount of 2.125% notes due 2018 and $1 billion aggregate principal amount of 3.700% notes due 2023.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Blackstone in Sale of Warrants in General Growth Properties

The Firm represented Blackstone in the sale of its warrants to purchase shares of common stock of General Growth Properties, Inc. General Growth acquired all the warrants held by affiliates of Blackstone and Fairholme Funds, Inc. for approximately $633 million. The warrants were exercisable into an aggregate of approximately 52 million shares and were issued in connection with the restructuring of General Growth and its emergence from bankruptcy in 2010. The Firm represented Blackstone in the restructuring.

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Jennifer Coplan Joins Sidley Austin LLP as a Partner in the Technology Transactions Practice in New York

Sidley Austin LLP is pleased to announce that Jennifer B. Coplan has joined the firm in its New York office as a partner in its global Technology Transactions practice. Ms. Coplan regularly advises public and emerging companies on digital media, intellectual property and information technology matters in both domestic and international transactions.

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Cravath – Sabra Health Care REIT’s Preferred Stock Offering

Cravath represented the underwriters, led by Jefferies, BofA Merrill Lynch, and Citigroup, in connection with the US$125 million series A cumulative redeemable perpetual preferred shares of Sabra Health Care REIT, Inc., a real estate investment trust that owns and invests in real estate serving the healthcare industry. The transaction closed on March 21, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York