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 YorkPharma Patent Litigators Nick Cerrito and Eric Stops Join Quinn Emanuel
F. Dominic “Nick” Cerrito and Eric Stops, former intellectual property lawyers at Jones Day, joined the firm’s New York office as partners in June. Both concentrate on intellectual property disputes in the pharmaceutical industry, including Hatch-Waxman litigation and client counseling in the navigation of FDA laws.
Tags: Quinn Emanuel Urquhart & Sullivan, LLP | New YorkDavis Polk – PPL Capital Funding, Inc. $400 Million Senior Notes Offering
Davis Polk advised PPL Capital Funding, Inc. on its registered offering of $400 million aggregate principal amount of 3.50% senior notes due 2022, fully and unconditionally guaranteed by PPL Corporation (PPL). Mitsubishi UFJ Securities (USA), Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as representatives of the several underwriters for the offering. PPL Capital Funding and PPL expect the net proceeds from the sale of the notes to be invested in or loaned to subsidiaries of PPL, which will use the funds to repay short-term debt obligations, including commercial paper borrowings, and for general corporate purposes.
Tags: Davis Polk & Wardwell | New YorkPaul Hastings Advises Lin Media in Acquisition of Network Affiliates from New Vision Television for $334.9 Million
Paul Hastings LLP, a leading global law firm, announced today that the firm represented LIN Media, a local multimedia company, in the closing of its acquisition of 13 broadcast network affiliates and related assets from seller New Vision Television for $334.9 million and the assumption of $12 million of debt.
Tags: Paul Hastings LLP | New YorkSimpson Thacher Represents The Blackstone Group in Establishing its $13.3 Billion Real Estate Fund
Simpson Thacher represented The Blackstone Group L.P. (“Blackstone”) in the establishment of its seventh global opportunistic real estate fund, Blackstone Real Estate Partners VII L.P. (“BREP VII”). Blackstone has announced that BREP VII raised approximately $13.3 billion of total commitments from more than 250 investors globally and that BREP VII is the largest opportunistic real estate private equity fund ever raised.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Underwriters in $1.2 Billion Initial Public Offering by Realogy Holdings Corp.
Simpson Thacher represented the underwriters, led by joint bookrunners, Goldman, Sachs & Co., J.P. Morgan Securities LLC, Barclays Capital Inc. and Credit Suisse Securities (USA) LLC, in the initial public offering by Realogy Holdings Corp. (“Realogy”) of an aggregate of 40,000,000 shares of its common stock. Realogy also granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares to cover over-allotments, which was exercised in full on October 11, 2012. The offering is the largest real estate offering ever and it priced at $27.00 per share, which was the top of the indicative price range. The offering raised aggregate net proceeds of approximately $1.2 billion. Realogy’s common stock is listed on The New York Stock Exchange under the symbol “RLGY” and opened for trading on October 11, 2012. Realogy intends to use the net proceeds of the offering, together with cash on hand, primarily to repay outstanding indebtedness.
Tags: Simpson Thacher & Bartlett LLP | New YorkKelley Drye Represents Creditors in Chapter 11 Bankruptcy of Dickinson Theaters, Inc.
Kelley Drye has been retained as counsel to the Official Committee of Unsecured Creditors of Dickinson Theatres, Inc. Based in Overland Park, Kansas, Dickinson Theatres operates 18 movie theatres with 210 screens across 7 states throughout Mid-America.
Tags: Kelley Drye & Warren LLP | New York