Paul Hastings LLP, a leading global law firm, announced today that the firm represented J.P. Morgan Asset Management on three separate financing transactions that closed in November.
Tags: Paul Hastings LLP | New YorkSimpson Thacher Represents First Reserve Corporation in the Proposed Acquisition of Ameriforge Group Inc.
The firm is representing First Reserve Corporation in connection with the proposed acquisition of Ameriforge Group Inc. from Post Oak Companies LP, an affiliate of Tanglewood Investments Inc. The financial terms of the transaction were not disclosed. The transaction is expected to close in December 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Fast Retailing in its Acquisition of J Brand Holdings, LLC
Simpson Thacher is representing Fast Retailing Co., Ltd. (TYO: 9983) in its announced acquisition of 80% of the outstanding equity of J Brand Holdings, LLC. The transaction is expected to close prior to year end.
Tags: Simpson Thacher & Bartlett LLP | New YorkNixon Peabody Advises Wells Fargo in $621 Million Deal to Refinance Mortgage Loan for New York City Cooperative; Loan Preserves Affordable Housing for Thousands of Bronx Families
The U.S. Department of Housing and Urban Development (HUD) has announced a $621 million deal to refinance a previous mortgage at Co-op City, a large cooperative housing community that is home to more than 57,000 residents in the Bronx, New York. As announced by HUD Secretary Shaun Donovan, HUD and Wells Fargo Bank N.A. closed on the loan that will preserve long-term affordable housing for these families and significantly lower annual interest payments for the building’s owner over the next 35 years. The new mortgage is backed by the Federal Housing Administration’s (FHA) General Insurance and Special Risk Insurance (GI/SRI) Fund. Nixon Peabody LLP provided legal counsel to Wells Fargo Bank N.A.
Tags: Nixon Peabody LLP | New YorkSimpson Thacher Represents Forest City Ratner Companies in Formation of Joint Venture with Skanska USA
The Firm is representing Forest City Ratner Companies (FCRC) in connection with its formation of a joint venture with Skanska USA related to the construction of residential towers in the Atlantic Yards development project in Brooklyn, New York. FCRC is the developer of the $4.9 Billion Atlantic Yards project, which is a mixed-use commercial and residential development project and includes the recently opened Barclays Center. The first of the residential towers to be constructed as part of the Atlantic Yards project are designed to be erected using modular construction technology, and the new company created by the joint venture will be responsible for building the towers’ modular components. FCRC expects to break ground shortly on the first 32-story tower, which is expected to become the tallest modular building in the U.S. upon completion.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Sealed Air Corporation in $425 Million Senior Notes Offering
The Firm recently represented Sealed Air Corporation (“Sealed Air”) in its offering of $425 million aggregate principal amount of 6.50% Senior Notes due 2020. Sealed Air is using the net proceeds from the offering, along with cash on hand, to repurchase and redeem all of its outstanding 5.625% Senior Notes due 2013. The notes are guaranteed by certain of Sealed Air’s wholly-owned domestic subsidiaries. The offering was conducted in reliance on Rule 144A and Regulation S.
Tags: Simpson Thacher & Bartlett LLP | New YorkCovington Advises Grupo Financiero Banorte in $1.6 Billion Acquisition
Covington & Burling is advising Grupo Financiero Banorte S.A.B. de C.V., and its affiliate Afore XXI Banorte, S.A. de C.V., in a $1.6-billion acquisition of Afore Bancomer, S.A. de C.V. from the Spanish bank, Banco Bilbao Vizcaya Argentaria S.A., which would create Mexico’s largest pension fund.
Tags: Covington & Burling | New YorkPaul Hastings Represents Royal Bank of Canada in $150 Million Financing for Cubist Pharmaceuticals
Paul Hastings LLP, a leading global law firm, represented Royal Bank of Canada, as administrative agent, and RBC Capital Markets, as joint lead arranger, in connection with a $150,000,000 senior secured revolving credit facility for Cubist Pharmaceuticals, Inc.
Tags: Paul Hastings LLP | New YorkChadbourne Represents Southern Cross in Investment Agreement with Ultrapetrol (Bahamas) Ltd.
Chadbourne & Parke LLP represented Southern Cross Latin America Private Equity Funds III and IV (collectively “Southern Cross”) and certain of their affiliates, in connection with their proposed investment of $220 million in Ultrapetrol (Bahamas) Limited (“Ultrapetrol”) (NASDAQ: ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business).
Tags: New YorkMilbank Represents Lenders in $189 M Refinancing of Hardee Power Project
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Project Finance partners Daniel J. Michalchuk,William B. Bice and Daniel Bartfeld, represented the lenders, Mizuho Corporate Bank Ltd. and Sumitomo Mitsui Trust Bank, Ltd., in the $189 million refinancing of the Hardee Power Plant (“Hardee”) project in Bowling Green, Florida. Located approximately 60 miles southeast of Tampa, the Hardee facility, is a 370-MW natural gas-fired electric generation facility including both combined cycle and peaking capabilities. The facility is jointly owned by affiliates of Marubeni Power International, Inc. and Invenergy LLC.
Tags: Milbank LLP | New York