Mayer Brown advised longtime client and private equity firm The Jordan Company on the acquisition by its affiliate, The Resolute Fund II SIE, L.P., of Sequa Automotive Group from Sequa’s parent company, Sequa Corporation. Terms of the transaction were not disclosed.
Tags: Mayer Brown LLP | New YorkPaul Hastings Represents RBC Capital Markets and BMO Capital Markets in $250 Million Renaissance Learning Refinancing
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and collateral agent and RBC Capital Markets and BMO Capital Markets Corp. as joint lead arrangers in connection with Renaissance Learning, Inc.’s $250,000,000 senior secured facilities. The financing consisted of a $230,000,000 term loan facility and a $20,000,000 revolving loan facility, the proceeds of which were used to refinance Renaissance Learning, Inc.’s existing senior secured facilities and pay related fees and expenses.
Tags: Paul Hastings LLP | New YorkPaul Hastings Represents Citigroup and BofA Merrill Ly
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup and BofA Merrill Lynch as joint book-running managers for Sun Communities, Inc.’s (NYSE: SUI) public offering of 7.125% Series A Cumulative Redeemable Preferred Stock.
Tags: Paul Hastings LLP | New YorkSimpson Thacher Represents Underwriters in Offerings of Senior Notes and Convertible Senior Notes by iStar Financial Inc.
Simpson Thacher represented the underwriters Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC in the recent public offerings of $300 million aggregate principal amount of 7.125% Senior Notes Due 2018 and $200 million aggregate principal amount of 3.00% Convertible Senior Notes Due 2016 issued by iStar Financial Inc.
Tags: Simpson Thacher & Bartlett LLP | New YorkProskauer Advises Leucadia Board of Directors in $3.8 Billion Merger with Jefferies Group
Global law firm Proskauer advised the Board of Directors of Leucadia National Corporation in an all-stock transaction with Jefferies Group, Inc., that values the global investment bank at approximately $3.8 billion.
Tags: Proskauer Rose, LLP | New YorkWeil Advises Leucadia in Merger with Jefferies
Weil is advising Leucadia National Corporation, a US holding company, in the merger of Leucadia and Jefferies Group, Inc., a US financial services company. The deal has a total equity value of roughly $2.6 billion, or $3.7 billion when Leucadia’s existing 28.6% ownership stake is included. The transaction is expected to close in the first quarter of 2013.
Tags: Weil, Gotshal & Manges, LLP | New YorkMilbank Represents Underwriters and Dealer Managers in $4.5B Notes Offering by Verizon, along with Related $1.25B Cash Tender Offer
In one of the largest corporate financings of the year, international law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., acted as underwriters’ counsel in a series of major debt offerings by Verizon Communications Inc. totaling $4.5 billion.
Tags: Milbank LLP | New YorkCahill Represents Underwriters in $500 Million Public Offering by Celanese
Cahill represented Deutsche Bank Securities, BofA Merrill Lynch, Citigroup, HSBC and J.P. Morgan as joint book-running managers in connection with a public offering of $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2022 by Celanese U.S. Holdings, LLC.
Tags: Cahill Gordon & Reindel LLP | New YorkWillkie Advises Goldman Sachs Mortgage Company on $1.85 Billion Secured Mortgage and Mezzanine Loans
As reported in the Wall Street Journal, on November 9 Willkie client Goldman Sachs Mortgage Company funded $1.85 billion of first mortgage and mezzanine loans secured by a portfolio of hotels owned by Kyo-ya Hotels & Resorts, LP, a subsidiary of Kokusai Kogyo K.K., a Japanese company, which is jointly owned by foreign and domestic funds, accounts and other entities controlled or managed by Cerberus Capital Management, L.P and/or Cerberus Real Estate Capital Management, LLC (55%) and Kokusai Kogyo Holdings K.K., an entity owned and controlled by Mr. Takamasa Osano and his family members and/or affiliated entities (45%).
Tags: Willkie Farr & Gallagher LLP | New YorkShearman & Sterling Advises SafeNet on Sale of Government Solutions Business
Shearman & Sterling is representing SafeNet, Inc. in its definitive agreement to sell its Government Solutions Business to an undisclosed buyer. The transaction, which is subject to customary closing conditions, including required regulatory approvals, is expected to close by the end of 2012. Financial terms of the agreement were not disclosed.
Tags: Shearman & Sterling LLP | New York