Cravath represented the underwriters, led by Credit Suisse, J.P. Morgan Securities, BofA Merrill Lynch, Citigroup and UBS Investment Bank, in connection with the US$1.1 billion registered high-yield debt offering of Raytheon Company, a technology and innovation leader specializing in defense, homeland security and other government markets throughout the world. The transaction closed on December 4, 2012.
Tags: Cravath, Swaine & Moore LLP | New YorkPaul Hastings Represents Initial Purchasers in FibraHotel’s $300M International IPO
Paul Hastings LLP, a leading global law firm, represented the initial purchasers in connection with the initial public offering by FibraHotel on the Mexican Stock Exchange. FibraHotel is the very first lodging and very first sector specific Real Estate Investment Trust (REIT) in Latin America and one of only two Mexican REITS to be utilized in the wake of a comprehensive legal overhaul in Mexico that created the “FIBRA”, a new Mexican investment vehicle, which bears many similarities to the U.S. REIT. The four-times oversubscribed offering involved the issuance of approximately $300 million in FibraHotel’s stock publicly on the Mexican Stock Exchange and internationally pursuant to Rule 144A and Regulation S. The initial purchasers involved in this transaction were J.P. Morgan and BBVA.
Tags: Paul Hastings, LLP | New YorkPaul Hastings Represents Cowen and Company in Spartan Stores, Inc.’s Private Placement of Notes
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Cowen and Company in connection with the private exchange and purchase of $50.0 million aggregate principal amount of newly issued 6.625% senior notes due 2016 for approximately $40.3 million aggregate principal amount of Spartan Stores, Inc.’s existing 3.375% convertible senior notes and approximately $9.7 million in cash from an existing note holder of Spartan Stores, Inc.
Tags: Paul Hastings, LLP | New YorkCahill Represents JPMorgan Chase Bank in $1.25 Billion Credit Facility for Sirius XM Radio
Cahill represented JPMorgan Chase Bank, N.A. as administrative agent and the lead arrangers in connection with the $1,250,000,000 revolving credit facility for Sirius XM Radio Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill – Ally Financial Completes $500 Million Public Offering
Cahill represented the joint book-running managers and co-managers in connection with the Public offering of $500,000,000 aggregate principal amount of 3.125% Senior Guaranteed Notes due 2016 for Ally Financial Inc. Proceeds from the offering will be used for general corporate purposes.
Tags: Cahill Gordon & Reindel LLP | New YorkSkadden – Bank of America/Merrill Lynch Prevails in CDO-Related Appeal
For Bank of America and Merrill Lynch, Skadden secured the affirmance of the dismissal of two double-derivative suits that sought to compel the BofA board to force its Merrill subsidiary to bring various claims against certain of Merrill’s former officers and directors in connection with Merrill’s allegedly risky investments in collateralized debt obligations.
Tags: Skadden, Arps, Slate, Meagher & Flom LLP | New YorkHerrick, Feinstein Adds Real Estate Industry Veteran Richard Kalikow
Herrick, Feinstein LLP announced today that Richard R. Kalikow, a real estate industry veteran with more than four decades of global expertise, has joined the firm’s New York office as a Partner.
Tags: Herrick, Feinstein LLP | New YorkSimpson Thacher Represents Walter Investment Management Corp. in $825.0 Million Secured Credit Facility
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 York