Cahill represented the joint book-running managers in connection with the Public Offering of $600,000,000 aggregate principal amount of 5.75% Senior Notes due 2023 by Lender Processing Services, Inc., a provider of appraisal management, collateral assessments, title agency, loan closing and flood determination services to the real estate lending industry. Proceeds from the offering will be used to re finance existing indebtedness.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill – Lin Television Corp. Completes Acquisition Financing
Cahill represented J.P. Morgan and Deutsche Bank Securities as joint book-running managers and SunTrust Robinson Humphrey as co-manager in connection with the Rule 144A/Reg S offering of $290,000,000 aggregate principal amount of 6.375% Senior Notes due 2021 by LIN Television Corp., a wholly-owned subsidiary of multimedia company, LIN TV Corp. Proceeds from the offering will be used to acquire certain assets of New Vision Television.
Tags: Cahill Gordon & Reindel LLP | New YorkMorgan Lewis Advises Smart & Final on $975M Sale to Ares Management
Smart & Final Holdings Corp., a leading multi-format retailer, today announced that Ares Management LLC, a global alternative asset manager and registered investment adviser, has signed a definitive agreement to acquire a majority stake in the company with senior management retaining a minority stake. Smart & Final is currently majority-owned and controlled by investment funds affiliated with global alternative asset manager Apollo Global Management, LLC. The total enterprise value for the transaction is $975 million, subject to certain closing conditions.
Tags: Morgan Lewis & Bockius LLP | New YorkChadbourne Steers Global Equity Offering For Mexican Infrastructure Company
Chadbourne & Parke LLP represented the issuer and a group of selling shareholders in a $285 million global offering of ordinary shares of Promotora y Operadora de Infraestructura, S.A.B. de C.V. (“Pinfra”), one of Mexico’s largest owners and operators of concessions of infrastructure projects. The transaction closed on October 10.
Tags: New YorkAxinn, Veltrop & Harkrider Assists Syncora Guarantee Inc. In $375 Million Settlement With Bank of America Corp.
Donald W. Hawthorne, a Partner with Axinn, Veltrop & Harkrider LLP (“AVH”), one of the country’s leading antitrust, IP and litigation law firms, represented Syncora Guarantee Inc. in a $375 million settlement with Bank of America Corp. (“BofA”). Syncora also was represented by lawyers at Debevoise & Plimpton.
Tags: Axinn, Veltrop & Harkrider LLP | New YorkPaul Hastings Represents Citigroup as Sole Book-Running Manager in Sun Communities, Inc. Follow-On Public Offering
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Citigroup as sole book-running manager for Sun Communities, Inc.’s (NYSE: SUI) follow-on public offering.
Tags: Paul Hastings LLP | New YorkMayer Brown Represents Global Bank Corporation on First Covered Bond Transaction in Latin America
Mayer Brown, a leading global law firm, advised the Panama-based Global Bank Corporation as borrower in a Rule 144A/Regulation S offering of $200 million covered bonds under a $500 million residential mortgage covered bond program guaranteed by a pool of assets transferred to a guaranty trust. The transaction marks Latin America’s first-ever covered bond deal. Deutsche Bank and HSBC served as underwriters.
Tags: Mayer Brown LLP | New YorkWillkie Represents Ryerson in Offering of $900 Million Principal Amount of Notes and Related Tender Offers and Consent Solicitations
On October 10, Willkie client Ryerson Inc., a Platinum Equity portfolio company, closed on its offering of $600 million aggregate principal amount of 9% Senior Secured Notes due 2017 and $300 million aggregate principal amount of 11¼% Senior Notes due 2018. The gross proceeds from the notes offering were used to (i) to repay in full Ryerson Holding Corporation’s outstanding 14 1/2% Senior Discount Notes due 2015, (ii) to repay in full the Ryerson Inc.’s outstanding Floating Rate Senior Secured Notes due November 1, 2014 and Ryerson Inc.’s outstanding 12% Senior Secured Notes due November 1, 2015, (iii) to repay outstanding indebtedness under the Ryerson Inc.’s senior secured asset-based revolving credit facility and (iv) to pay related fees, expenses and premiums. The Notes were repaid through the early settlement of tender offers (and related consent solicitations) and the satisfaction and discharge of any remaining notes.
Tags: Willkie Farr & Gallagher LLP | New YorkShearman & Sterling Advises Citigroup, Jefferies and BNP Paribas on First Quantum Minerals’ Debut US$350 Million High Yield Bond Offering
Shearman & Sterling represented joint bookrunning managers Citi, Jefferies and BNP Paribas on First Quantum Minerals’ debut international US$350 million high yield bond offering. The offering of the senior unsecured notes, which was undertaken by way of a private placement (including in the US pursuant to Rule 144A), closed on 10 October. The company will use the proceeds of the bond sale for general corporate purposes.
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling Advises on Financing Related to the Acquisition of Assets of Collective Brands
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Jefferies Finance LLC, KKR Capital Markets LLC and KKR Corporate Lending LLC as lead arrangers in connection with a $275 term loan facility the proceeds of which were used to finance a portion of the purchase price for the acquisition of certain assets of Collective Brands, Inc., including the Payless ShoeSource line of business by Golden Gate Private Equity, Inc. and Blum Capital Partners L.P. Concurrently with this acquisition, Wolverine Worldwide purchased other assets of Collective Brands, Inc., including the Stride Rite line of business.
Tags: Shearman & Sterling LLP | New York