Shearman & Sterling Advises Centrais Elétricas do Pará S.A. and Equatorial Energia S.A. in Connection with Chapter 15 Bankruptcy, M&A Transaction and Mandatory Exchange

Shearman & Sterling is counsel to the foreign representative of Centrais Elétricas do Pará S.A. (“Celpa”) and Equatorial Energia S.A. (“Equatorial”). Celpa is the sole electricity transmission and distribution company in the state of Pará, Brazil, and Equatorial is a diversified energy company operating in Brazil.

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Tags:  Shearman & Sterling LLP | New York

Simpson Thacher Represents Initial Purchasers in Connection with Cinemark USA, Inc.’s $400 Million Senior Notes Offering and the Lenders in Connection with the Amendment and Restatement of Cinemark USA, Inc.’s Senior Credit Facility

The Firm recently represented the initial purchasers in connection with Cinemark USA, Inc.’s private placement of $400 million aggregate principal amount of 5.125% Senior Notes due 2022 and Barclays Bank PLC and the other lenders in connection with the amendment and restatement of the Cinemark USA, Inc. Senior Credit Facility. Barclays Capital Inc., Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities LLC acted as joint book-running managers, and Nomura Securities International, Inc. acted as co-manager, in connection with the senior notes offering. Barclays acts as joint bookrunner, Deutsche Bank Securities Inc., acts as joint bookrunner and co-documentation agent, Morgan Stanley Senior Funding, Inc. acts as joint bookrunner and syndication agent, Wells Fargo Securities, LLC acts as joint bookrunner and co-documentation agent, Webster Bank, N.A. acts as co-documentation agent and Barclays Bank PLC continues to act as administrative agent in connection with the amended and restated credit facility. Cinemark USA, Inc. intends to use the net proceeds from the senior notes offering and borrowings under the amended and restated credit facility to fund the repayment of all remaining outstanding amounts under its previous credit facility, to fund a portion of the purchase price for substantially all of the theaters of Rave cinemas and for fees and expenses related to the refinancing transactions.

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Simpson Thacher Represents Underwriters in $250 Million Debt Offering by Brandywine Operating Partnership, L.P. and Brandywine Realty Trust

The Firm represented underwriters, led by J.P. Morgan, Bank of America Merrill Lynch and RBS, in a $250 million public offering of 3.95% Guaranteed Notes due 2023 of Brandywine Operating Partnership, L.P. The Notes are guaranteed by Brandywine Realty Trust, the parent company of Brandywine Operating Partnership, L.P.

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Tags:  Simpson Thacher & Bartlett LLP | New York