Paul Hastings LLP, a leading global law firm, announced today that the firm represented Banco Continental S.A.E.C.A., one of the largest banks in Paraguay, in connection with its issuance of $200 million 8.875% Senior Notes due 2017 pursuant to Rule 144A and Regulation S.

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The Firm recently represented J.P. Morgan Securities, as joint physical bookrunner and joint lead arranger and bookrunner, and JPMorgan Chase Bank, N.A. as administrative agent, in connection with a $1.82 billion senior secured credit facility for iStar Financial, Inc. (“iStar”). Proceeds from the facility were used to refinance iStar’s existing 2011 credit facility.

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The Firm is representing a joint venture between Emeritus Corporation (NYSE:ESC), Blackstone Real Estate Partners VI, an affiliate of The Blackstone Group, and others in connection with a sale of 142 senior housing communities to HCP (NYSE: HCP) and Emeritus for US$1.79 billion. As part of the transaction, Emeritus, the nation’s largest assisted living and memory care operator, will enter into a new triple-net, master lease for the properties acquired by HCP and continue to operate these communities. The portfolio of communities encompasses over 11,000 units in 31 states. The closing of this transaction is subject to regulatory approval and third party consents, as well as other customary closing conditions.

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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.

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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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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.

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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.”

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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.

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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.

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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.

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