Paul Hastings Represented GE Capital in Financing KPS Capital Partners Completed Acquisition of ThyssenKrupp Waupaca Through an Affiliate

Paul Hastings LLP, a leading global law firm, announced today that the firm represented GE Capital as joint lead arranger and sole administrative agent for a $260 million Term Loan B and $225 million ABL revolving credit facility in support of KPS Capital Partners LP’s acquisition of ThyssenKrupp Waupaca, Inc., the largest independent iron foundry in the world, from ThyssenKrupp Budd Company through a newly formed company, Waupaca Foundry Holdings, Inc. RBC Capital Markets and Wells Fargo Capital Finance will also act as lead arrangers for the financing of the acquisition.

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Tags:  Paul Hastings, LLP | New York

Milbank – Million Registered Public Offering by Pioneer Natural Resources

Milbank’s Global Securities Group recently represented Citigroup, Deutsche Bank Securities, Credit Suisse, UBS Investment Bank, Wells Fargo Securities and a syndicate of six other underwriters in connection with the registered public offering by Pioneer Natural Resources Company (“Pioneer”) of $600 million aggregate principal amount of 3.95% Senior Notes due 2022.

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Tags:  Milbank LLP | New York

Simpson Thacher Represents BRF-Brasil Foods in US$250 Million Reopening of International Bond Offering

The Firm recently represented BRF – Brasil Foods S.A. in an offering of US$250 million aggregate principal amount of additional 5.875% Senior Notes due 2022. The additional notes constituted a reopening of the US$500 million aggregate principal amount of notes initially issued on June 6, 2012, increasing the aggregate principal amount of the series to US$750 million. The international offering was conducted in reliance upon Rule 144A and Regulation S under the U.S. Securities Act of 1933. The net proceeds from the offering will be used by Brasil Foods to extend its debt maturity profile.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Willkie Advises Loral Space in Sale of Satellite Manufacturing Unit in Deal Valued at Over $1 Billion

On June 26, longtime Willkie client Loral Space & Communications Inc. announced it has entered into a definitive agreement to sell wholly owned subsidiary Space Systems/Loral, Loral’s satellite manufacturing unit, to Canada-based MacDonald, Dettwiler and Associates Ltd. for $875 million and cash dividends and other payments from SS/L which are expected to be in excess of $135 million. Headquartered in New York City, Loral is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications, including fixed satellite services, direct-to-home television, broadband communications, wireless telephony, weather monitoring and air traffic management. MDA delivers a broad spectrum of information solutions, including complex operational systems, tailored information services and electronic information products for business and government organizations worldwide.

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Tags:  Willkie Farr & Gallagher LLP | New York

Shearman & Sterling Advises on $1.8 Billion Financing for Watson Pharmaceuticals’ Acquisition

Shearman & Sterling advised Bank of America, N.A. as administrative agent, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book managers and joint lead arrangers and Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers in connection with a $1.8 billion term loan financing for Watson Pharmaceuticals, Inc. related to its acquisition of Actavis Pharma Holding 4 ehf. and Actavis Inc.

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Tags:  Shearman & Sterling LLP | New York