Davis Polk advised Goldman Sachs Lending Partners LLC as lead arranger and Bank of America, N.A. as administrative agent in connection with the redemption of McJunkin Red Man Corporation’s (MRMC) 9.5% senior secured notes due 2016 (the “Notes”) with a new $650 million senior secured term loan credit facility. The new credit facility is secured by a security interest in substantially all the assets of MRMC, MRC Global, Inc. (MRC Global), the parent of MRMC, and MRC Global’s material domestic subsidiaries on a first-lien or, in the case of certain assets also securing MRC Global’s asset-based revolving facility, a second-lien basis. The Notes will be redeemed with the proceeds of term loans under the new facility and drawings under MRMC’s revolving facility. U.S. Bank National Association is acting as collateral trustee under the new term loan facility.

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Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co. as joint lead managers in connection with the issuance by the Estado Plurinacional de Bolivia of U.S.$500,000,000 4.875% Notes due 2022. This was the first sovereign debt issuance by Bolivia since 1920.

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Shearman & Sterling represented BMO Capital Markets Corp., Morgan Stanley & Co. LLC, Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as lead underwriters in connection with Bank of Montreal’s registered public offering of $1.0 billion aggregate principal amount of 0.80% Senior Notes due 2015 and $1.0 billion aggregate principal amount of 2.55% Senior Notes due 2022 under its US medium-term note program.

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Shearman & Sterling advised Canada Pension Plan Investment Board (CPPIB) in connection with its $1.1 billion acquisition of the Air Distribution division of Tomkins (Air Distribution). Along with Onex, a leading private equity firm, CPPIB has jointly owned Tomkins since 2010.

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Chadbourne & Parke represented Southern Copper Corporation, one of the largest integrated copper producers in the world, in its public offering of $1.5 billion aggregate principal amount of unsecured notes. The deal closed on November 8.

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Shearman & Sterling is advising Borealis Infrastructure (Borealis) in its acquisition of a 49% equity shareholding in a portfolio of wind farm assets in the US from EDP Renováveis S.A. (EDPR). The portfolio is comprised of four wind farms totalling 599 MW, installed between 2007 and 2008 (4.5 years of average age), and all of which have long-term Power Purchase Agreements (PPAs) in place. The total consideration for the 49% equity shareholding is US$230 million, which represents a total implied value for the portfolio of US$1,446 million. The transaction is subject to customary regulatory approvals.

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Simpson Thacher is representing Evercore Wealth Management LLC, a subsidiary of Evercore Partners Inc., in the acquisition of Mt. Eden Investment Advisors, LLC, a San Francisco-based wealth management firm with approximately $645 million in assets under management as of September 30, 2012. The transaction is expected to close by year end.

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Global law firm Proskauer represented Protravel International, Inc., in an agreement to be acquired by Tzell Travel Group, a Travel Leaders Group company that is a portfolio investment of One Equity Partners, the private investment arm of JPMorgan Chase. The merger is expected to close in November, pending government antitrust approval.

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Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc. as joint book-running managers on an SEC-registered offering by Kennametal Inc. of $400 million aggregate principal amount of 2.65% senior notes due 2019.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented UBS Securities LLC, Barclays Capital, Deutsche Bank Securities Inc. and BMO Capital Markets as initial purchasers in connection with the Rule 144a/Reg S offering of $250 million of 8.75% senior secured notes due 2019 by Shale-Inland Holdings, LLC and its affiliate Shale-Inland Finance Company. Shale-Inland Holdings, LLC is a leading specialty industrial distributor of pipe, valves, fittings and related products and provider of technical solutions to the energy and industrial sectors.

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