Willkie Advises MetLife on Remarketing of $1 Billion of Debentures

Willkie recently represented MetLife, Inc. in the remarketing of (i) $500 million aggregate principal amount of its 1.756% Series C Senior Component Debentures, Tranche 1 and (ii) $500 million aggregate principal amount of its 3.048% Series C Senior Component Debentures, Tranche 2. The Series C Debentures were originally issued in November 2010 as $1 billion aggregate principal amount of Series C Senior Debentures due 2023, which formed part of MetLife’s 40 million Common Equity Units, with an aggregate stated amount at issuance of $3 billion.

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Tags:  Willkie Farr & Gallagher LLP | New York

Paul Hastings Represents Valley Proteins, Inc. in Perdue Farms Asset Acquisition

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Valley Proteins, Inc. in the acquisition of certain real and personal property of Perdue Farms LLC and certain of its affiliates used in the rendering business. The transaction also involved the negotiation of supply agreements between Valley Proteins, Perdue Farms and certain Perdue affiliates.

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Tags:  Paul Hastings LLP | New York

Litigator Todd Harrison Rejoins Patton Boggs

Todd R. Harrison, former chief counsel for oversight and investigations for the Energy and Commerce Committee in the U.S. House of Representatives, has rejoined Patton Boggs as a partner in the firm’s Litigation and Dispute Resolution practice group. Mr. Harrison is resident in the firm’s New York City and Washington DC offices.

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Tags:  Squire Patton Boggs | New York

Orrick Assists Shutterstock with Its Initial Public Offering

Orrick, Herrington & Sutcliffe LLP recently advised Shutterstock, Inc. in the first initial public offering (IPO) for a New York-based technology company in more than two years. Trading on the New York Stock Exchange under ticker symbol SSTK, the company raised $81.8 million in its IPO, which priced at $17 per share (above the proposed range of $13 to $15 per share) and landed the company’s market value at more than half a billion dollars. As a further testament to the offering’s success, the value of shares increased almost 30% to a value of $21.66 during the company’s first day of trading.

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Tags:  Orrick, Herrington & Sutcliffe, LLP | New York