Milbank Represents Bank of America, N.A. in First Private Loan to the Brazilian State of Mato Grosso, Guaranteed by the Federal Government of Brazil

International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Marcelo Mottesi and Alternative Investments partner Jay Grushkin, acted as special US counsel to Bank of America, N.A. as lender under a credit and guaranty agreement in the amount of $479 million, maturing in 2022, to the State of Mato Grosso, with a guaranty by the Federative Republic of Brazil.

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Tags:  Milbank LLP | New York

Davis Polk Advises Citigroup on the Acquisition of Its Stake in Morgan Stanley Smith Barney Holdings

Davis Polk is advising Citigroup in connection with the acquisition of a 14% stake in Morgan Stanley Smith Barney Holdings LLC (MSSB) by Morgan Stanley at an implied 100% valuation of $13.5 billion. Morgan Stanley and Citi have also reached agreement with respect to the purchase of Citi’s remaining 35% stake in MSSB no later than June 1, 2015, subject to obtaining the required regulatory approval.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Apax Partners in the Acquisition of Garda World Security Corporation

The firm is representing Apax Partners in the announced acquisition of Garda World Security Corporation (TSX:GW) by a consortium formed by Garda founder and Chief Executive Officer Stéphan Crétier and a subsidiary of funds advised by Apax Partners for C$1.1 billion in cash, including assumed debt. The transaction, which is subject to customary closing conditions, including Canadian court approval, shareholder approval and receipt of all regulatory approvals, is expected to close later this calendar year.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Toll Brothers in $250 Million Exchangeable Senior Notes Offering

The Firm recently represented Toll Brothers, Inc. and its subsidiaries in connection with a Rule 144A offering by Toll Brothers Finance Corp. of $250 million aggregate principal amount of 0.50% Exchangeable Senior Notes due 2032 (the “Notes”). The Notes are guaranteed by Toll Brothers, Inc. and certain of its subsidiaries. Toll Brothers Finance Corp. is a wholly owned subsidiary of Toll Brothers, Inc.

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Tags:  Simpson Thacher & Bartlett LLP | New York