Davis Polk advised JPMorgan Chase Bank, N.A. as administrative agent and J.P. Morgan Securities LLC as joint lead arranger and bookrunner (JPMorgan) in connection with a $1.1 billion senior secured exit term loan facility for Tribune Company (Tribune) entered into pursuant to Tribune’s chapter 11 plan of reorganization (Plan). Pursuant to intercreditor arrangements with Bank of America, N.A. as administrative agent under a $300 million senior secured exit asset-based revolving credit facility for Tribune, the exit term loan facility is secured on a first priority basis by substantially all assets of Tribune and its subsidiaries (other than accounts receivable and certain related assets (ABL Priority Collateral)) and on a second priority basis by the ABL Priority Collateral.

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The national law firm of Epstein Becker Green (EBG) today announced that Lee T. Polk, a prominent employee benefits attorney, has joined the firm as a Member in the Employee Benefits practice in the Chicago office.

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Goldberg Segalla is pleased to announce Robert A. White has joined the law firm as a partner in its Princeton office. Mr. White’s practice focuses on a wide range of litigation matters, including complex commercial, toxic tort, products liability, insurance recovery, environmental, and trade secrets cases.

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Edwards Wildman Palmer LLP is pleased to announce that Aileen Meehan is a new partner in the firm’s Insurance and Reinsurance Department, where she brings more than 25 years of experience as a corporate transactional lawyer. Meehan will reside in the firm’s office in New York City.

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Hunton & Williams LLP advised a joint venture of Pebblebrook Hotel Trust and Denihan Hospitality Group, which owns six upscale hotels in New York, in its $410 million interest-only, non-recourse secured loan.

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Shearman & Sterling is advising ArcelorMittal in its agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a joint venture partnership that will own ArcelorMittal’s Labrador Trough iron ore mining and infrastructure assets. The consortium will acquire a 15% interest in the joint venture for total consideration of $1.1 billion in cash, with AMMC and its affiliates retaining an 85% interest. The transaction is subject to various closing conditions, including regulatory clearance by the Taiwanese Government, and is expected to close in two installments in the first and second quarters of 2013.

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Pearson, the world’s leading learning company, is today announcing a strategic investment in NOOK Media, LLC, a new company consisting of Barnes & Noble’s digital businesses including its NOOK e-reader and tablets, the NOOK digital bookstore and its 674 college bookstores across America. Pearson will invest $89.5 million in cash in NOOK Media, gaining a five per cent equity stake.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Cequel Communications Holdings I, LLC, which does business as Suddenlink Communications, in connection with its $1.0 billion offering of Senior Notes. Cequel intends to use the proceeds from the sale of the notes to, among other things, refinance certain of its outstanding debt.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley, as administrative agent and lead arranger, in connection with $190,000,000 senior secured term and asset-based revolving credit facilities, the proceeds of which at closing were used to finance Cerveceria Costa Rica, S.A.’s purchase of substantially all of the outstanding equity interest of North American Breweries Holdings, LLC through CCR American Breweries Inc.

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SRZ advised BAWAG P.S.K. and its controlling shareholder, Cerberus Capital Management LP and its affiliates, on BAWAG’s €200 million capital increase as well as its recapitalization to conform to the anticipated new Basel III regulatory environment. BAWAG, which stands for Bank für Arbeit und Wirtschaft und Österreichische Postsparkasse Aktiengesellschaft, is one of Austria’s leading banks.

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