Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as representative of the initial purchasers on a Rule 144A/Regulation S offering by Continental Resources, Inc. of $1.2 billion aggregate principal amount of 5% senior notes due 2022.
Tags: Davis Polk & Wardwell | New YorkShearman & Sterling Advises Initial Purchasers in Broadcom’s $500 Million Offering of Senior Notes
Shearman & Sterling represented J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives of the initial purchasers in connection with Broadcom Corporation’s offering of $500 million of its 2.500% Senior Notes due 2022. Broadcom Corporation is a California-based company that develops semiconductors for wired and wireless communications
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling Represents LMA International on Acquisition by Teleflex
Shearman & Sterling advised LMA International N.V. (LMA), a Curaçao limited liability company listed on the Singapore Exchange, on its acquisition by Teleflex Incorporated in a transaction valued at approximately $276 million. The transaction is expected to close in the fourth quarter of 2012 and remains subject to shareholder and regulatory approvals, as well as other customary closing conditions.
Tags: Shearman & Sterling LLP | New YorkCahill – First Data Corporation Completes $1.3 Billion Notes Offering
Cahill represented Deutsche Bank Securities, Citigroup, Wells Fargo Securities, Credit Suisse, HSBC, and SunTrust Robinson Humphrey as joint book-running managers and the co-managers in the Rule 144A/Reg S offering of $1,300,000,000 6 3/4% Senior Secured Notes due 2020 by First Data Corporation. Proceeds from the offering will be used to prepay term loans under the company’s senior secured credit facilities.
Tags: Cahill Gordon & Reindel LLP | New YorkShearman & Sterling Advises Underwriters on Sprint Nextel Corporation’s $1.5 Billion High Yield Notes Offering
Shearman & Sterling advised the underwriters in connection with Sprint Nextel Corporation’s offering of $1.5 billion of 7.000% notes due 2020. J.P. Morgan, Deutsche Bank Securities, Barclays Capital, BofA Merrill Lynch, Citigroup and Goldman, Sachs & Co. acted as joint bookrunners.
Tags: Shearman & Sterling LLP | New YorkLoeb & Loeb Represents Verint Systems in Acquisition of Comverse Technology
Loeb & Loeb LLP represented a special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its announced acquisition of Comverse Technology Inc. The all-stock deal, valued at approximately $805 million, will eliminate Comverse’s majority ownership in and control of Verint.
Tags: Loeb & Loeb LLP | New YorkMilbank Represents Underwriters in $288 Million Offering of Notes Guaranteed by Ex-Im Bank with Prefunding Feature
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Doug Tanner and Transportation and Space Finance partner Drew Fine, acted as special New York counsel to Credit Agricole Securities and Goldman, Sachs & Co. in an offering of approximately US$288 million 1.829% Senior Notes Due 2024 by Carobao Leasing LLC, which notes are guaranteed by Export-Import Bank of the United States (“Ex-Im Bank”).
Tags: Milbank LLP | New YorkSimpson Thacher Represents Colombia’s Mercantil Colpatria and Anchor Fund and Linzor Capital Partners in Scotiabank’s Acquisition of 51% in Colfondos AFP
Simpson Thacher represented Mercantil Colpatria, Anchor Fund and Linzor Capital Partners in connection with the sale to The Bank of Nova Scotia of 51% of the shares of Colfondos AFP. After completion of the transaction, Mercantil Colpatria will retain 49% ownership in the firm and Anchor Fund and Linzor Capital Partners will sell their entire minority stakes in Colfondos AFP. The transaction is subject to regulatory approval.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. in $850 Million Senior Secured Notes Offering
Simpson Thacher recently represented Energy Future Intermediate Holding Company LLC (“EFIH”) and EFIH Finance Inc., direct, wholly-owned subsidiaries of Energy Future Holdings Corp. (“EFH Corp.”), formerly known as TXU Corp., in their issuance and sale of $250,000,000 aggregate principal amount of 6.875% Senior Secured Notes due 2017 and $600,000,000 aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022. The issuers intend to dividend a portion of the net proceeds from the offering to EFH Corp., and EFH Corp. intends to use the funds it receives from EFIH to repay a portion of certain inter-company demand notes. The issuers intend to use the remaining net proceeds for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New YorkDavis Polk – Ecolab Inc. $500 Million Credit Facility
Davis Polk advised Bank of America, N.A. as administrative agent in connection with a $500 million 364-day revolving credit facility for Ecolab Inc. The 364-day facility refinances Ecolab’s existing 364-day facility and will be used for general corporate purposes and to backstop commercial paper.
Tags: Davis Polk & Wardwell | New York