Shearman & Sterling Advises on $2.3 Billion Financing for International Lease Finance Corporation

Shearman & Sterling advised Citigroup Global Markets Inc., JPMorgan Securities LLC, Merrill Lynch, Pierce Fenner & Smith Incorporated, Barclays Bank Plc, Morgan Stanley Senior Funding, Inc. and RBC Capital Markets as lead arrangers and bookrunners in connection with a $2.3 billion three-year revolving credit facility for International Lease Finance Corporation.

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Tags:  Shearman & Sterling LLP | New York

Paul Hastings Represents RBC in Amendment and Restatement of Transtar Credit Agreements

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada as administrative agent and arranger in connection with the amendment and restatement of each of the first lien and second lien credit facilities of Transtar Holding Company for purposes of, among other things, repricing and extending the maturity of the term loans and revolving commitments and creating additional term loans that increased the size of the first lien credit facilities to $370 million and the size of the second lien term loan facility to $140 million.

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Tags:  Paul Hastings, LLP | New York

Simpson Thacher Represents Algeco Scotsman in Refinancing Transactions and Acquisition Finance

Simpson Thacher recently represented Algeco Scotsman, a portfolio company of TDR Capital, in its issuance and sale of $1,075,000,000 aggregate principal amount of 8.50% Senior Secured Notes due 2018, €275,000,000 aggregate principal amount of 9.00% Senior Secured Notes due 2018 and $745,000,000 aggregate principal amount of 10.25% Senior Unsecured Notes due 2019 pursuant to Rule 144A and Regulation S, and the entry into a $1,200,000,000 global multi-currency asset-based credit facility by subsidiaries of Algeco Scotsman located in the United States, Canada, the United Kingdom, Australia and New Zealand. Algeco Scotsman used the proceeds of the offerings and borrowings under its new credit facility to refinance its existing debt facilities and finance the contribution of Ausco Modular to Algeco Scotsman by TDR Capital.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Cahill – Valeant Completes $2.25 Billion Acquisition Financing

Cahill represented the initial purchasers in connection with the Rule 144A/Reg S offering of $1,750,000,000 6.375% Senior Notes due 2020 for VPI Escrow Corp., the proceeds of which will be used to partially finance the acquisition of drug maker Medicis Pharmaceutical Corporation. The obligations of VPI Escrow Corp. under the notes will be assumed by Valeant Pharmaceuticals International upon the consummation of Valeant’s acquisition of Medicis.

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Tags:  Cahill Gordon & Reindel LLP | New York

Simpson Thacher Represents JPMorgan in Amendment and Extension of Universal Health Services Credit Facilities

Simpson Thacher recently represented J.P. Morgan Securities LLC, as a joint lead arranger, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with the closing of an amendment and extension of Universal Health Services, Inc.’s (“UHS”) senior secured credit facilities. As a part of the amendment and extension, new lenders provided UHS with $900 million of additional Term A Loans and lenders under UHS’s existing senior secured credit facilities agreed to extend the maturity of approximately $892 million of UHS’s existing term A loans and approximately $732 million their revolving commitments.

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Simpson Thacher Represents Initial Purchasers and Lenders in Financing Transactions Related to the Acquisition of the Performance + Lifestyle Group Business of Collective Brands, Inc. by Wolverine World Wide, Inc.

The firm represented J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as representatives of the initial purchasers of $375 million of 6.125% Senior Notes due 2020 of Wolverine World Wide, Inc. The firm also represented JPMorgan Chase Bank, N.A., as administrative agent, in connection with $1.1 billion in new senior credit facilities for Wolverine. The proceeds of the notes offering and borrowings under the new senior credit facilities were used to finance a portion of the acquisition of the Performance + Lifestyle Group business of Collective Brands, Inc. by Wolverine and repay certain indebtedness.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents CorpBanca S.A. in its $1.28 Billion Acquisition of Helm Bank S.A.

The Firm is representing CorpBanca S.A. (NYSE: BCA; BCS: CORPBANCA), Chile’s fifth-largest lender, in connection with its $1.28 billion agreement to acquire Helm Bank S.A. Following the acquisition, Helm Bank will become the sixth-largest bank in Colombia. An affiliate of CorpBanca signed an agreement with the owners of Helm Bank to purchase 91 percent of Helm Bank’s ordinary shares and will make an offer to minority holders to purchase the remaining shares. An affiliate of CorpBanca has also agreed to purchase 80 percent of Helm’s insurance unit for $17 million.

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Tags:  Simpson Thacher & Bartlett LLP | New York