The firm represented J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the initial purchasers of $375 million of 6.125% Senior Notes due 2020 of Wolverine World Wide, Inc. The firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $1.1 billion in new senior credit facilities for Wolverine. The proceeds of the notes offering and borrowings under the new senior credit facilities were used to finance a portion of the acquisition of the Performance + Lifestyle Group business of Collective Brands, Inc. by Wolverine and repay certain indebtedness.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents CorpBanca S.A. in its $1.28 Billion Acquisition of Helm Bank S.A.
The Firm is representing CorpBanca S.A. (NYSE: BCA; BCS: CORPBANCA), Chile’s fifth-largest lender, in connection with its $1.28 billion agreement to acquire Helm Bank S.A. Following the acquisition, Helm Bank will become the sixth-largest bank in Colombia. An affiliate of CorpBanca signed an agreement with the owners of Helm Bank to purchase 91 percent of Helm Bank’s ordinary shares and will make an offer to minority holders to purchase the remaining shares. An affiliate of CorpBanca has also agreed to purchase 80 percent of Helm’s insurance unit for $17 million.
Tags: Simpson Thacher & Bartlett LLP | New YorkDavis Polk – General Electric Company $7 Billion Notes Offering
Davis Polk advised Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman, Sachs & Co., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives in connection with the public offering of $2 billion aggregate principal amount of 0.85% notes due 2015, $3 billion aggregate principal amount of 2.7% notes due 2022 and $2 billion aggregate principal amount of 4.125% notes due 2042 by General Electric Company (GE).
Tags: Davis Polk & Wardwell | New YorkDavis Polk – FleetMatics Initial Public Offering
Davis Polk advised the underwriters in connection with an initial public offering of 8,984,375 ordinary shares of Fleetmatics Group PLC (including 1,171,875 shares in respect of the exercise of the underwriters’ option to purchase additional shares) at $17.00 per share for gross proceeds of $152.7 million. Of those shares, FleetMatics sold 6,250,000 shares and the selling stockholders sold 2,734,375 shares. Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint book-running managers; and RBC Capital Markets, LLC, Stifel Nicolaus & Company and William Blair & Company, L.L.C. acted as co-managers for the offering. FleetMatics’s ordinary shares are traded on the New York Stock Exchange under the symbol “FLTX.”
Tags: Davis Polk & Wardwell | New YorkPaul Hastings Represents Urbi, Desarrollos Urbanos, S.A.B. de C.V. in $105 Million Loan from International Finance Corp.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Urbi, Desarrollos Urbanos, S.A.B. de C.V., a leading housing developer in Mexico, in arranging a $105 million loan from the International Finance Corporation (IFC), a World Bank Group institution that assists the private sector, to support Urbi in the development of sustainable housing projects in Mexico.
Tags: Paul Hastings LLP | New YorkWhite and Williams Continues Growth of New York Office with Addition of Prominent Litigation and Bankruptcy Lawyer
Mitchell G. Mandell has joined White and Williams LLP as a partner in the Commercial Litigation and Financial Restructuring & Bankruptcy Groups. He will reside in the firm’s New York office.
Tags: White and Williams LLP | New YorkPaul Hastings Represents Initial Purchasers in CHC Helicopter S.A.’s $200 Million Bond Offering
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley, as joint lead arranger and joint bookrunner in connection with CHC Helicopter S.A.’s $200 million offering of its 9.250% Senior Secured Notes due 2020. The notes were issued pursuant to a Rule 144A private placement.
Tags: Paul Hastings LLP | New YorkCooley Grows New York Litigation Practice
Cooley LLP announced today that Scott S. Balber has joined the firm as a partner in its New York office. Balber was co-chair of Chadbourne & Parke LLP’s Commercial Litigation practice. He joins Cooley’s Business Litigation practice group as Head of Financial Services Litigation.
Tags: Cooley LLP | New YorkShearman & Sterling Advises Underwriters in Agrium Inc.’s US$500 Million Offering of Debentures
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Scotia Capital (USA) Inc., as joint bookrunning managers, and ANZ Securities, Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., RBS Securities Inc. and UBS Securities LLC, as co-managers, in connection with Agrium Inc.’s offering of US$500,000,000 aggregate principal amount of 3.150% debentures due 2022.
Tags: Shearman & Sterling LLP | New YorkSNR Denton and Citi Create New Financing Facility for Single Family Rental Home Asset Class
Members of SNR Denton’s Capital Markets practice, along with Citi, worked collaboratively to pioneer an innovative financing structure that provided a $245 million revolving credit facility to Waypoint Homes and GI Partners. This innovation will help support the acquisition, renovation, long-term ownership and management of Waypoint’s growing national portfolio of single family rental (SFR) homes.
Tags: Dentons | New York