Davis Polk Advises Ingram Micro on Its Revolving Credit Facility

Davis Polk advised Ingram Micro Inc. in connection with a designation of additional commitments under its revolving senior unsecured credit facility in an aggregate principal amount of $190 million, increasing total commitments under the facility to $940 million. The Bank of Nova Scotia served as administrative agent. U.S. Bank National Association, PNC Bank National Association, Sumitomo Mitsui Banking Corporation and Morgan Stanley Bank are providing the additional commitments. Ingram Micro will use the proceeds for general corporate purposes.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk Advises ConAgra Foods on Its Acquisition of Ralcorp

Davis Polk is advising ConAgra Foods, Inc. on its acquisition of Ralcorp Holdings, Inc., valued at approximately $6.8 billion, including the assumption of Ralcorp debt. The agreement has been approved by the boards of directors of both companies and is subject to customary regulatory approvals. The transaction is expected to close by March 31, 2013.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk – BMC Software, Inc. $750 Million Accelerated Share Repurchase Transaction

Davis Polk advised Morgan Stanley & Co. LLC in connection with a variable maturity accelerated share repurchase transaction it entered into with BMC Software, Inc., under which BMC will repurchase $750 million of its common stock. The total number of shares to be repurchased will be determined over a period that is expected to last no longer than approximately seven months.

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Tags:  Davis Polk & Wardwell | New York

Morrison & Foerster Represents Equity Residential in Joint Agreement to Acquire Archstone’s U.S. Apartment Portfolio for $16 Billion

In the largest real estate deal this year, Morrison & Foerster LLP is representing leading residential real estate investment trust Equity Residential (NYSE: EQR) in a joint agreement with AvalonBay Communities to acquire a vast portfolio of U.S. apartment properties owned by Archstone. Equity Residential and AvalonBay are acquiring the portfolio from the Lehman Brothers estate for approximately $16 billion. The deal marks the largest real estate transaction since Blackstone Group’s $26 billion acquisition of Hilton Worldwide Inc. in 2007.

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Shearman & Sterling Advises Jefferies on a $355 Million Refinancing

Shearman & Sterling advised Jefferies Finance LLC, as administrative agent, collateral agent, sole lead arranger and bookrunner, in connection with a $355 million refinancing and one-time dividend transaction, comprised of a $220 million first lien term loan, a $25 million first lien revolver, and $110 million second lien term loan facility, for P2 Energy Solutions, Inc., a portfolio company of Vista Equity Partners which provides software and data services to the upstream oil and gas industry.

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Simpson Thacher Represents Carlyle in Raising $1.38 Billion Carlyle Energy Mezzanine Opportunities Fund

Simpson Thacher represented The Carlyle Group (“Carlyle”) in the establishment of the Carlyle Energy Mezzanine Opportunities Fund, L.P. (“CEMOF”), which primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of $20 million to $150 million per transaction. Carlyle has announced that CEMOF raised approximately $1.38 billion of total commitments.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cahill Represents BofA Merrill Lynch in Notes Offering by Ainsworth Lumber

Cahill represented BofA Merrill Lynch as sole book-running manager and BMO Capital Markets, CIBC, HSBC, RBC Capital Markets, Scotiabank, and TD Securities as co-managers in connection with the Rule 144A/Reg S offering of $350,000,000 aggregate principal amount of 7.5% Senior Secured Notes due 2017 by Ainsworth Lumber Co. Ltd., a Canadian company. Proceeds from the offering and a concurrent rights offering will be used to refinance existing indebtedness.

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Tags:  Cahill Gordon & Reindel LLP | New York