The Firm represented JPMorgan Chase & Co. in connection with an offering of an aggregate of 50,300,000 depositary shares, each representing a 1/400th interest in a share of JPMorgan Chase & Co.’s 5.50% Non-Cumulative Preferred Stock, Series O. The offering closed on August 27, 2012.
Tags: Simpson Thacher & Bartlett LLP | New YorkMayer Brown Strengthens Banking & Finance Practice with Arrival of Partner Ann Richardson Knox in New York
Mayer Brown, a leading global law firm, announced today that Ann Richardson Knox has joined the firm in New York as a partner in the Banking & Finance practice.
Tags: Mayer Brown LLP | New YorkDavis Polk Advises Daikin Industries on Its Acquisition of Goodman Global
Davis Polk is advising Daikin Industries, Ltd. in connection with its $3.7 billion acquisition of Goodman Global, Inc. from affiliates of Hellman & Friedman LLC. Closing is subject to, among other conditions, receiving competition law approvals in relevant jurisdictions
Tags: Davis Polk & Wardwell | New YorkPaul Hastings Advises Bank of America Merrill Lynch, Morgan Stanley, and Jefferies in
Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Bank of America Merrill Lynch, Morgan Stanley Senior Funding, Inc. and Jefferies and its affiliates in connection with financing petrochemical provider TPC Group Inc.’s (Nasdaq:TPCG) $850 million merger by First Reserve Corporation, a leading global investment firm dedicated to the energy industry, and SK Capital Partners, a U.S. based private investment firm focused on the chemicals sector.
Tags: Paul Hastings LLP | New YorkShearman & Sterling Advises on Penske’s Senior Subordinated Notes Offering
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representative of the several initial purchasers, in connection with Penske Automotive Group, Inc.’s offering of $550,000,000 aggregate principal amount of 5.75% Senior Subordinated Notes due 2022. Merrill Lynch, Pierce, Fenner & Smith Incorporated also acted as dealer manager in the concurrent tender offer for any and all of the outstanding $375,000,000 aggregate principal amount of Penske’s 7.75% Senior Subordinated Notes due 2016. The proceeds from the notes offering were used, in part, to fund the tender offer and in part to repay amounts outstanding under Penske’s U.S. revolving credit facility.
Tags: Shearman & Sterling LLP | New YorkProskauer Secures Victory for Major League Soccer in Antitrust and RICO Case
Global law firm Proskauer won an important victory for Major League Soccer LLC (MLS) in a long-running and high-profile antitrust and Racketeer Influenced Corrupt Organizations (RICO) case.
Tags: Proskauer Rose, LLP | New YorkCravath – Flagstone’s Acquisition by Validus
On August 30, 2012, Validus Holdings, Ltd. (“Validus”) and Flagstone Reinsurance Holdings, S.A. (“Flagstone”) announced that the boards of directors of both Validus and Flagstone have approved a definitive merger agreement pursuant to which Validus will acquire all the issued and outstanding shares of Flagstone. Cravath represented Flagstone in connection with this transaction. Under the terms of the agreement, Flagstone shareholders will receive, for each Flagstone share, 0.1935 Validus voting common shares and $2.00 in cash.
Tags: Cravath, Swaine & Moore LLP | New YorkSimpson Thacher Represents Goodman Global Group, Inc. in Connection with its $3.7 Billion Sale to Daikin Industries, Ltd.
Simpson Thacher is representing Goodman Global Group, Inc. and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Goodman Global’s pending $3.7 billion sale to Daikin Industries, Ltd. Goodman Global is a leading North American manufacturer of heating, ventilation and air conditioning products for residential and light commercial use. The transaction is subject to customary closing conditions, and is expected to close in the fourth quarter of 2012. Terms of the transaction were not disclosed.
Tags: Simpson Thacher & Bartlett LLP | New YorkShearman & Sterling Advises on Secured Senior Notes Offering, Add-On Offering for Energy Future Intermediate Holding Company and EFIH Finance
Shearman & Sterling represented Citigroup Global Markets Inc., Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as joint book-running managers, in connection with a Rule 144A/Regulation S offering of $250 million aggregate principal amount of 6.875% Senior Secured Notes due 2017 and an add-on offering of $600 million aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022 by Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. The offering of second lien notes was an add-on to the issuers’ outstanding $1,150,000,000 million aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022.
Tags: Shearman & Sterling LLP | New YorkCahill – American Gilsonite Completes $260 Million Notes Offering
Cahill represented BofA Merrill Lynch and KeyBanc Capital Markets as joint book-running managers and Cabrera Capital Markets as co-manager in the Rule 144A/Reg S offering of $260,000,000 principal amount of 11.5% Senior Secured Notes offering by American Gilsonite Company. Proceeds from the offering will be used to refinance existing indebtedness and to pay a dividend.
Tags: Cahill Gordon & Reindel LLP | New York