Davis Polk – Palo Alto Networks Secondary Offering

Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as lead joint book-running managers, and Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Raymond James & Associates, Inc. as book-running managers, in connection the $302.4 million SEC-registered offering of 4.8 million shares of common stock of Palo Alto Networks, Inc. sold by certain selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “PANW.”

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Tags:  Davis Polk & Wardwell | New York

Davis Polk – Walter Investment Management Corp. Concurrent Offerings of Common Stock and 4.5% Convertible Senior Subordinated Notes Due 2019

Davis Polk advised Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc. as joint book-running managers in connection with an SEC-registered public offering of 6,900,000 shares of common stock of Walter Investment Management Corp for aggregate gross proceeds of $290 million. The offering included 900,000 shares of common stock purchased by the underwriters upon full exercise of their option to purchase additional shares granted by Walter.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk – Brand Energy and Infrastructure Services, Inc. $1.2 Billion Refinancing

Davis Polk advised UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Lending Partners LLC, as lead arrangers in connection with a refinancing of Brand Energy and Infrastructure Services, Inc.’s (Brand) existing first-lien and second-lien senior secured credit facilities. The new credit facilities consist of an $850 million first-lien senior secured credit facility, comprised of a $775 million term loan facility and a $75 million revolving credit facility, a $300 million second-lien senior secured term loan facility and a $50 million cash collateralized letter of credit facility. The obligations under the first-lien and second-lien credit facilities are guaranteed by certain of Brand’s domestic subsidiaries and, with respect to obligations of the Canadian borrower, guaranteed by Brand and all of Brand’s Canadian subsidiaries, and secured by substantially all of the assets of Brand and the guarantors. Brand is using the proceeds of the credit facilities to refinance its existing first-lien and second-lien credit facilities and for general corporate purposes.

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Tags:  Davis Polk & Wardwell | New York

Attorney David Y. Dickstein Joins Katten’s New York Financial Services Practice as a Partner

Katten Muchin Rosenman LLP today announced that David Y. Dickstein has joined the firm as a partner in its Financial Services Practice out of New York. Mr. Dickstein focuses his work on providing counsel to hedge funds, investment companies, investment advisors and broker-dealers on regulatory, compliance and operational issues. Additionally, he has broad experience in advising businesses responding to investigations by the United States Securities and Exchange Commission (SEC). Prior to joining Katten, Mr. Dickstein was a partner in the New York office of K&L Gates LLP, where he spent his entire career since graduation from law school.

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Tags:  Katten Muchin Rosenman LLP | New York