The Firm represented joint book-running managers Bank of America Merrill Lynch, J.P. Morgan, Credit Suisse, Morgan Stanley and Wells Fargo, and co-managers Stephens Inc. and B. Riley & Co., in connection with the issuance by ViaSat, Inc. (“ViaSat”) of an additional $300 million aggregate principal amount of its 6.875% Senior Notes due 2020. The additional notes constituted a reopening of the $275 million aggregate principal amount of notes initially issued on February 27, 2012. ViaSat intends to use the net proceeds from the notes offering to fund a cash tender offer for any and all of its outstanding $275 million 8.875% Senior Notes due 2016 and for general corporate purposes. The Firm is also representing Bank of America Merrill Lynch in its capacity as dealer manager in the concurrent tender offer and consent solicitation.
Tags: Simpson Thacher & Bartlett LLP | New YorkQuinn Emanuel Hires IP Lawyers Dominic Cerrito and Eric Stops
International law firm Quinn Emanuel has recruited to partners to its New York office, Dominic Cerrito and Eric Stops. The pair of attorneys focus their practice on pharmaceutical intellectual property litigation and disputes, including Hatch-Waxman litigation and FDA law.
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Milbank Represents Initial Purchasers in Offerings by Tenet Healthcare Corporation Totaling $800 Million and Related Cash Tender Offer
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Securities partners Rod Miller and Paul Denaro, acted as counsel to the initial purchasers in a $500 million offering by Tenet Healthcare Corporation (“Tenet”) of its 4.25% Senior Secured Notes due 2020, and a $300 million offering by Tenet of its Senior Unsecured Notes due 2020, pursuant to Rule 144A and Regulation S.
Tags: Milbank LLP | New YorkDavis Polk – KYTHERA Biopharmaceuticals Initial Public Offering
Davis Polk advised the underwriters in connection with an initial public offering of 5,060,000 shares of common stock of KYTHERA Biopharmaceuticals, Inc. (including 660,000 shares in respect of the exercise in full of the underwriters’ option to purchase additional shares) at $16.00 per share for gross proceeds of approximately $80.1 million. J.P. Morgan Securities LLC and Goldman, Sachs & Co. acted as joint book-running managers, Leerink Swann LLC acted as lead co-manager and Lazard Capital Markets LLC acted as co-manager. KYTHERA’s common stock is traded on the Nasdaq Global Select Market under the symbol “KYTH.”
Tags: Davis Polk & Wardwell | New YorkDavis Polk Advises Lehman Brothers International Europe in Multi-Billion-Dollar Settlement with Lehman Brothers Inc.
Davis Polk, together with Linklaters and Morgan Lewis, is advising the joint administrators of Lehman Brothers International (Europe) (“LBIE”) in connection with the settlement in principle of $38 billion in claims between LBIE and Lehman Brothers Inc (“LBI”). The settlement represents a critical milestone in the Lehman Brothers administration and brings the parties closer to unlocking substantial distributions for creditors who hold tens of billions of dollars in claims.
Tags: Davis Polk & Wardwell | New YorkMorgan Lewis Advises Pearson on $650M Acquisition of EmbanetCompass
Pearson plc, the world’s leading learning company, today announced the acquisition of EmbanetCompass, a provider of online learning services for non-profit academic institutions, from an investor group led by private equity and venture capital firm Technology Crossover Ventures and global education company Knowledge Universe, for $650 million in cash. The transaction is subject to Hart-Scott-Rodino review.
Tags: Morgan Lewis & Bockius LLP | New YorkCravath – Crown Castle’s High-Yield Senior Debt Offering
Cravath represented Crown Castle International Corp. in connection with its US$1.65 billion 144A/Reg. S high-yield senior debt offering. Crown Castle International Corp. is an owner, operator and lessor of shared wireless infrastructure. The transaction closed on October 15, 2012.
Tags: Cravath, Swaine & Moore LLP | New YorkSimpson Thacher Represents Morgan Stanley in $284.2 Million Secondary Offering of Common Stock by SBA Communications Corporation
The Firm represented Morgan Stanley as the sole underwriter in a secondary offering of 4,588,840 shares of Class A common stock of SBA Communications Corporation (“SBA”). The shares sold in the offering comprised all of the shares issued by SBA to the selling shareholders in connection with SBA’s acquisition of TowerCo. The offering closed on October 5, 2012 and resulted in gross proceeds to the selling shareholders of $284.2 million.
Tags: Simpson Thacher & Bartlett LLP | New YorkPaul Hastings Represents Royal Bank of Canada and RBC Capital Markets in $450 Million Financing of Lindsay Goldberg’s Joint Venture with NuStar Energy
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as administrative agent and co-collateral agent, and RBC Capital Markets, as joint lead arranger and joint bookrunner, in a $450 million ABL facility to finance private equity fund Lindsay Goldberg LLC’s joint venture with NuStar Logistics, L.P., a subsidiary of NuStar Energy L.P. (NYSE: NS). The joint venture owns and operates refineries located in Paulsboro, New Jersey and Savannah, Georgia, at which it refines crude oil to produce asphalt and certain other refined petroleum products, and engages in the storage, terminaling, transportation and sale of such products.
Tags: Paul Hastings LLP | New YorkWhite-Collar Crime Lawyer Marion Bachrach Joins T&K in New York
The law firm of Thompson & Knight LLP is pleased to announce the addition of Marion Bachrach as a Partner in the Firm’s Trial and Government practices in New York.
Tags: New York