The Firm represented Walter Investment Management Corp. (WIMC) in connection with an $825.0 million secured credit facility, consisting of a $700.0 million 5-year term loan and a $125.0 million 5-year revolving credit facility.
Tags: Simpson Thacher & Bartlett LLP | New YorkWeil Advises Avista in $602.5M Sale of Anthony International
A Weil team lead by Private Equity partner David M. Blittner, advised Avista Capital Partners, a leading global private equity firm, in its $602.5 million sale of Anthony International, the world’s largest manufacturer of specialty glass, commercial glass refrigerator and freezer doors, case lighting, and display and merchandising systems, to Dover Corporation, a publicly traded diversified global manufacturer. The sale was completed on November 30, 2012.
Tags: Weil, Gotshal & Manges, LLP | New YorkShearman & Sterling Advises on $2.25 Billion Bond Offering by The Royal Bank of Scotland
Shearman & Sterling represented the underwriters (led by RBS Securities Inc.) in connection with a global offering by The Royal Bank of Scotland Group plc of $2.25 billion of 6.125% Subordinated Tier 2 Notes due 2022.
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling Advises on Banco do Estado do Rio Grande do Sul’s US$275 Million Notes Offering
Shearman & Sterling represented the underwriters, Banco Bradesco BBI S.A. and J.P. Morgan Securities LLC, which acted as joint bookrunners in connection with Banco do Estado do Rio Grande do Sul’s debt offering of US$275 million 7.375% Subordinated Notes due 2022.
Tags: Shearman & Sterling LLP | New YorkSimpson Thacher Represents syncreon Holdings Limited in $100 Million Senior Notes Add-on Offering
The Firm represented syncreon Global (Ireland) Limited and syncreon Global Finance (US) Inc. as co-issuers, in connection with their issuance and sale of $100 million aggregate principal amount of 9.50% senior unsecured notes due 2018. The notes constitute an issuance of additional notes under the issuers’ existing indenture relating to the issuers’ $300 million aggregate principal amount of 9.50% senior notes due 2018 which were issued in April 2010. J.P. Morgan Securities LLC was the initial purchaser. The notes were offered and sold to qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Blackstone in Acquisition of Apple REIT Six
The Firm is representing an affiliate of Blackstone Real Estate Partners VII in connection with its acquisition of Apple REIT Six, Inc., a public real estate investment trust. The total transaction value, including transaction costs and the assumption or repayment of the Company’s debt, is approximately $1.2 billion. Pursuant to the terms of the merger agreement, each issued and outstanding Unit (Common Share and related Series A Preferred Share) of the Company will be converted into the right to receive consideration with a stated value of $11.10 per Unit consisting of (i) $9.20 in cash and (ii) one share of 7% Series A Cumulative Redeemable Preferred Stock having a liquidation preference of $1.90 per share. The agreement is subject to shareholder approval and customary closing conditions.
Tags: Simpson Thacher & Bartlett LLP | New YorkCahill – Aircastle Completes $500 Million Notes Offering
Cahill represented the joint book-running managers in connection with the issuance of $500,000,000 aggregate principal amount of 6.25% Senior Notes due 2019 by Aircastle Limited. Proceeds from the offering will be used for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkFormer Freddie Mac Executive Vice President, General Counsel and Corporate Secretary Robert Bostrom Joins Greenberg Traurig
Former Freddie Mac Mac’s Executive Vice President, General Counsel and Corporate Secretary Robert E. Bostrom has joined the international law firm Greenberg Traurig, LLP’s New York City office as a shareholder in the Corporate & Securities and Financial Institutions practices. Bostrom joins from his position as Co-Head of the Global Financial Institutions and Fund sector at SNR Denton. There he also led that firm’s corporate governance, board advisory and crises management practice and was part of the Dodd-Frank special situations team.
Tags: Greenberg Traurig LLP | New YorkChadbourne Bolsters International Arbitration Team–Adds Two Prominent Practitioners
Paul Hastings Represents Xinyuan Estate Co. in Acquisition Williamsburg Property
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Xinyuan Real Estate Co., a Beijing-based company that is listed on the NYSE, in its $54 million acquisition of a parcel of land at 421 Kent Avenue, Williamsburg, New York City. The site was acquired from an entity controlled by New York real estate investor Richard Kalikow.
Tags: Paul Hastings LLP | New York