Davis Polk advised Morgan Stanley Senior Funding, Inc. and Goldman Sachs Bank USA as joint lead arrangers and Merrill Lynch, Pierce, Fenner & Smith Incorporated as arranger in connection with Riverbed Technology, Inc.’s new $575 million senior secured term loan facility. The facility was used by Riverbed to fund the acquisition of OPNET Technologies, Inc., which closed concurrently with the financing.
Tags: Davis Polk & Wardwell | New YorkAmerican Realty Capital Properties and American Realty Capital Trust III Agree to Form Company with an Enterprise Value of $3 Billion
Global law firm Proskauer is acting as corporate counsel to American Realty Capital Properties, Inc., and American Realty Capital Trust III, Inc., in connection with their planned merger that will create a combined real estate investment company with an enterprise value of $3 billion.
Tags: New YorkSimpson Thacher Represents HCA and Its Controlling Stockholder in $2.1 Billion of Capital Markets Transactions
Simpson Thacher recently represented HCA Holdings, Inc. (“HCA”) in its offering of $1 billion aggregate principal amount of 6.25% Senior Notes due 2021. HCA intends to use the net proceeds for the financing of a dividend to its stockholders.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Goldman Sachs and Banco Santander in US$300 Million Bridge Loan Financing to Gruma, S.A.B. de C.V.
The Firm recently represented Goldman Sachs Bank USA and Banco Santander (Mexico) in connection with a US$300 million bridge loan financing to Gruma, S.A.B. de C.V. The loan proceeds will be used principally to finance the repurchase of Gruma shares owned by Archers-Daniels-Midland Company.
Tags: Simpson Thacher & Bartlett LLP | New YorkAkin Gump Represents Second Lien Noteholders in $525 Million Kodak Patent Sale
Eastman Kodak Company announced today that it has completed a series of agreements that successfully monetizes its digital imaging patents. Under the agreements, Kodak will receive approximately $525 million, a portion of which will be paid by 12 intellectual property licensees, with each licensee receiving rights with respect to the digital imaging patent portfolio and certain other Kodak patents.
Tags: Akin Gump Strauss Hauer & Feld LLP | New YorkWFW Advises Seadrill Partners LLC on Its Innovative IPO
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has acted as Marshall Islands counsel to Seadrill Partners LLC on its IPO that closed successfully this quarter.
Tags: Watson, Farley & Williams LLP | New YorkWFW Advises Golar LNG Partners LP on Its Shelf Takedown Offering and Private Placement
Watson, Farley & Williams (WFW), a leading international law firm, is pleased to announce that it has advised Golar LNG Partners LP on its shelf takedown offering of 4,300,000 units of limited partner interest and a private placement of 1,524,590 common units sold to Golar LNG Limited. Both transactions closed in November 2012.
Tags: Watson, Farley & Williams LLP | New YorkKramer Levin Represents Spraylat Corporation in Its Sale to PPG Industries, Inc.
Kramer Levin represented Spraylat Corporation, a family-owned paint and coatings business specializing in high-quality industrial liquid and powder coatings applied to metal, glass and plastic substrates, in connection with the sale of the Spraylat business to PPG Industries, Inc. (NYSE:PPG), a leading global coatings and specialty products company. The transaction closed on December 17, 2012.
Tags: Kramer Levin Naftalis & Frankel LLP | New YorkLowenstein Sandler Adds Seth T. Goldsamt as Partner in Specialty Finance Practice
Lowenstein Sandler has added veteran attorney Seth T. Goldsamt as a partner in its Specialty Finance practice. Seth is based in Lowenstein’s New York City office. He focuses his practice on public and private securities offerings as well as private equity and mergers and acquisitions. He joins Lowenstein Sandler from McDermott Will & Emery, where he was a partner.
Tags: Lowenstein Sandler, PC | New YorkDavis Polk – Cobalt International Energy, Inc. $1.38 Billion Convertible Notes Offering
Davis Polk advised Cobalt International Energy, Inc. (Cobalt) in connection with an SEC-registered offering of $1.38 billion aggregate principal amount of its 2.625% convertible senior notes due 2019, which included $180 million aggregate principal amount of notes sold pursuant to the underwriters’ fully exercised overallotment option. Morgan Stanley & Co. LLC and Goldman, Sachs & Co. were the underwriters of the offering.
Tags: Davis Polk & Wardwell | New York