Simpson Thacher is representing Sealy Corporation (NYSE: ZZ) in connection with its announced acquisition by Tempur-Pedic International Inc. (NYSE: TPX) to create a $2.7 billion global bedding provider. The transaction is valued at approximately $1.3 billion, including the assumption of debt.
Tags: Simpson Thacher & Bartlett LLP | New YorkAntoinette L. Banks Joins Harris Beach
Harris Beach is pleased to announce that Antoinette L. Banks has joined the firm as a partner in the New York City office practicing in the Insurance Litigation and Product Liability Defense and Mass Torts and Industry-Wide Litigation Practice Groups. Her practice concentrates in insurance coverage, toxic tort, product liability, environmental, construction accident, property damage losses, appeals and commercial litigation. She has litigated and counseled clients on a wide range of insurance coverage issues, including disputes arising out of environmental liability, toxic tort exposure, additional insured claims, first-party property claims, professional liability, directors and officers liability, and bad faith claims. Ms. Banks also provides defense to insureds and commercial clients in connection with toxic torts, products liability claims, contract disputes, construction and Labor Law claims, insurance premium disputes, and reformation and rescission claims. Ms. Banks’ practice includes arbitrations, mediations, trials and appeals in state and federal courts throughout the United States.
Tags: New YorkSimpson Thacher Represents Celulosa Arauco in its Acquisition of Leading North American Wood Panel Manufacturer
Simpson Thacher represented Celulosa Arauco y Constitución S.A., a Chilean corporation, in its purchase of all of the shares of Flakeboard Company Limited, a Canadian company which owns and operates seven production facilities in the United States and Canada and is the largest producer of composite wood panels in North America. The transaction value including assumed debt was approximately US$434.7 million. The transaction closed on September 24, 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkCahill – Samson Investment Company Completes $1 Billion Credit Facility
Cahill represented Bank of America as administrative agent and BofA Merrill Lynch and Credit Suisse as joint lead arrangers in connection with a $1,000,000,000 Second Lien Term Loan credit agreement for Samson Investment Company.
Tags: Cahill Gordon & Reindel LLP | New YorkDavis Polk Advises Grupo Aval on Its $1 Billion Global Offering
Davis Polk advised Grupo Aval Acciones y Valores S.A. in connection with its global offering of $1 billion aggregate principal amount of 4.75% senior notes due 2022. The notes were issued by Grupo Aval’s wholly owned finance subsidiary, Grupo Aval Limited, and guaranteed by Grupo Aval and were offered pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.
Tags: Davis Polk & Wardwell | New YorkOrrick Expands Emerging Companies Practice in New York
Orrick, Herrington & Sutcliffe LLP announced today that David L. Concannon has joined the firm as a partner in its Emerging Companies Group, resident in its New York office.
Tags: Orrick, Herrington & Sutcliffe, LLP | New YorkJones Day Welcomes Capital Markets Partner Ian Blumenstein in New York
The global law firm Jones Day is pleased to announce that Ian Blumenstein joined the New York Office as a partner in theCapital Markets Practice. He was previously a partner with Cooley LLP in New York, where he was a member of the Credit Finance, Public Companies, and Public Offering practices.
Tags: Jones Day LLP | New YorkSimpson Thacher Represents the Underwriters in $750 Million Debt Offering by Berkshire Hathaway Finance Corporation
The Firm represented Goldman, Sachs & Co. and Wells Fargo Securities in the public offering of $750 million of debt securities of Berkshire Hathaway Finance Corporation (“BHFC”), which will be fully and unconditionally guaranteed by Berkshire Hathaway Inc. (“Berkshire”), consisting of $325,000,000 of 1.600% Senior Notes due 2017, $200,000,000 of 3.000% Senior Notes due 2022 and $225,000,000 of 4.400% Senior Notes due 2042.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Rockwood in $1.25 Billion Registered Offering of Senior Notes
The Firm recently represented Rockwood Holdings, Inc. and its subsidiaries in connection with a public offering by Rockwood Specialties Group, Inc. of $1.25 billion aggregate principal amount of 4.625% Senior Notes due 2020 (the “Notes”). The Notes are guaranteed by Rockwood Holdings, Inc. and certain of its subsidiaries. Rockwood Specialties Group, Inc. is an indirect wholly-owned subsidiary of Rockwood Holdings, Inc.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Genesee & Wyoming Inc. in $475 Million Aggregate Offerings of Common Stock and Tangible Equity Units
The Firm represented Genesee & Wyoming Inc. (NYSE: GWR), a short line and regional railroad company with operations in North America, Europe and Australia, in connection with concurrent registered offerings of 4,025,000 shares of Class A common stock and 2,300,000 5.00% Tangible Equity Units (including in the case of the common stock, 233,996 shares offered by a selling stockholder, and in the case of the common stock and the Tangible Equity Units, the underwriters’ full exercise of their over-allotment options), which resulted in aggregate gross proceeds of approximately $475 million. Genesee & Wyoming intends to the net proceeds from the offerings to partially fund its recently announced acquisition of RailAmerica, Inc., the leading short line railroad operator in North America.
Tags: Simpson Thacher & Bartlett LLP | New York