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 YorkSimpson Thacher Represents the Underwriters in Offering of $2 Billion of Senior Notes by NBCUniversal Media, LLC
The Firm recently represented the underwriters, led by Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC, in the SEC-registered offering of $2 billion of senior notes of NBCUniversal Media, LLC, comprising $1 billion of 2.875% Senior Notes due 2023 and $1 billion of 4.450% Senior Notes due 2043.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Hovnanian Enterprises, Inc. in $900 Million Aggregate Offerings of Senior Secured Notes and Exchangeable Note Units and in Related Tender Offer
Simpson Thacher represented Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”), one of the nation’s largest homebuilders and a long-standing client of the Firm, in connection with the private placement offering of $577 million 7.25% Senior Secured First Lien Notes due 2020 and $220 million 9.125% Senior Secured Second Lien Notes due 2020 and the registered offering of $100 million aggregate stated amount of 6.00% Exchangeable Note Units (equivalent to 100,000 Units) (which amount includes the full exercise of the over-allotment option granted to the underwriters), with each Unit composed of a senior exchangeable note and a senior amortizing note. The offerings resulted in aggregate gross proceeds of approximately $900 million. Hovnanian used the proceeds of the offerings to fund the cash tender offer and consent solicitation (the “Tender Offer”) for any and all of its 10?% Senior Secured Notes due 2016 (the “Existing Secured Notes”) and to redeem any of its Senior Notes not tendered pursuant to the Tender Offer.
Tags: Simpson Thacher & Bartlett LLP | New YorkMilbank Represents Underwriters In $844 Million EETC Offering By Continental Airlines
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado and Transportation and Space partner Elihu Robertson, acted as US counsel to the underwriters in a $844 million public offering of enhanced equipment trust certificates (“EETCs”) by Continental Airlines, Inc.
Tags: Milbank LLP | New York