Paul Hastings Advises RXR Realty in Refinancing of an Office Park in the Total Amount of $95 Million

Paul Hastings LLP, a leading global law firm, announced today that the firm represented RXR Realty, a leading real estate operating and investment company in the New York Tri-State area, as a borrower in the $80 million refinancing of University Square and a $15 million refinancing of Campus Drive, which together form an office park located in Princeton, NJ.

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Tags:  Paul Hastings LLP | New York

Simpson Thacher Represents TPC Group Inc. in $655 Million Senior Secured Notes Offering, Related Tender Offer and Consent Solicitation and New Asset-Backed Revolving Credit Facility

Simpson Thacher represented TPC Group Inc. (“TPC”), as part of the acquisition of TPC by affiliates of First Reserve Management, L.P. and SK Capital Partners (collectively, the “Sponsors”), in connection with its Rule 144A and Regulation S offering of $655 million aggregate principal amount of 8.75% Senior Secured Notes due 2020. TPC also entered into a new $250 million asset-backed revolving credit facility.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Weil Secures Dismissal of Shareholder Class Action Against Satyam’s Former Directors

On January 2, 2013, Weil obtained a significant victory on behalf of its clients, former independent directors of Satyam Computer Services Ltd., when the US District Court for the Southern District of New York dismissed all claims against them in the shareholder class action In re Satyam Computer Services Ltd. Securities Litigation. Weil represents five of the seven former directors and has acted as lead counsel for all of the defendant directors named in the suit.

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Tags:  Weil, Gotshal & Manges, LLP | New York

Southern District of New York Federal Prosecutor Joins Crowell & Moring

Crowell & Moring LLP is pleased to announce the addition of federal prosecutor Glen G. McGorty to its New York office. Most recently, McGorty served as a senior assistant United States attorney (AUSA) in the Criminal Division in the United States Attorney’s Office for the Southern District of New York (SDNY), and senior trial counsel in the SDNY’s Public Corruption Unit. He joins Crowell & Moring’s White Collar & Regulatory Enforcement Group. A proven trial lawyer, McGorty has been lead counsel in 15 federal jury trials, and he has briefed and argued over a dozen cases to the U.S. Court of Appeals for the Second Circuit.

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Tags:  Crowell & Moring, LLP | New York

DLA Piper Represents Al Jazeera in Acquisition of Current TV

There will be a transition from Current TV’s existing programming until Al Jazeera’s new US-based channel begins to air in 2013 from New York City on Current TV’s distribution network. In addition to the existing Al Jazeera news bureaus in New York, Washington, DC, Los Angeles, Miami and Chicago, Al Jazeera plans to open additional bureaus in key locations across the US.

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Paul Hastings Advises Acadia Realty Trust in $261.5 Million Sale of 12 Self-Storage Properties

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Acadia Realty Trust, a real estate investment trust, in the sale of 12 self-storage properties located in the New York City area for $261.5 million. The purchaser of the self-storage space is a joint venture between an institutional investor and the current Storage Post management team.

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Milbank Represents Bank of America, N.A. in Private Loan to the State of Santa Catarina, Brazil

International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Marcelo Mottesi, acted as special US counsel to Bank of America, N.A. as lender under a credit and guaranty agreement in the amount of US$726 million to the Brazilian State of Santa Catarina. The loan matures in 2022, and is guaranteed by the Federative Republic of Brazil.

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Tags:  Milbank LLP | New York