Shearman & 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

More >>

Tags:  Shearman & Sterling LLP | New York

Shearman & 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.

More >>

Tags:  Shearman & Sterling LLP | New York

Cahill – 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.

More >>

Tags:  Cahill Gordon & Reindel LLP | New York

Loeb & 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.

More >>

Tags:  Loeb & Loeb LLP | New York

Milbank 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”).

More >>

Tags:  Milbank LLP | New York

Simpson 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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson 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.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York