Davis Polk Advises on the Acquisition of Metl-Span by NCI Building Systems

Davis Polk advised Credit Suisse AG, Cayman Islands Branch as administrative agent and joint lead arranger of a $250 million term loan facility provided to NCI Building Systems, Inc. in connection with its acquisition of Metl-Span LLC. The term loan is secured on a crossing first-lien/second-lien basis with NCI Building System’s existing $150 million asset-based revolving credit facility. Proceeds from the term loan were used to finance acquisition costs.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Blackstone in $770 Million Industrial Portfolio Acquisition

The Firm represented affiliates of Blackstone Real Estate Partners VII in connection with its $770 million purchase from DEXUS Property Group, an Australian public company, of a portfolio of 68 industrial assets in the United States. The 68 assets are comprised of more than 120 buildings in 10 states, totaling over 16.5 million square feet of rentable area. The transaction is the largest single industrial real estate portfolio sale in the United States in 2012.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Lightyear Capital in its Acquisition of FIS’ Healthcare Benefit Solutions Business for $335 Million

The Firm is representing an affiliate investment fund of Lightyear Capital LLC in its announced acquisition of the Healthcare Benefit Solutions business of FIS™ for $335 million. Benefit Solutions is a leading financial technology company providing benefits administration software as a service, multi-purse debit cards and transaction processing solutions for consumer directed healthcare accounts. The transaction is expected to close by the end of the third quarter of 2012, subject to required regulatory approvals and customary closing conditions.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Clifford Chance Advises TAM S.A. on Its Combination with LAN Airlines

Leading international law firm Clifford Chance has advised TAM S.A. on its combination with LAN Airlines to form LATAM Airlines Group S.A. The deal, which closed on June 22, took more than a year-and-a-half to complete and required both Brazilian and Chilean regulatory approvals. The completed transaction results in the largest airline in South America with a fleet of 310 aircraft, and one of the largest airlines in the world by market value.

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Tags:  Clifford Chance LLP | New York

Paul Hastings Advises Controladora Mabe S.A. de C.V. on Exchange Offer and New Issuance

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Controladora Mabe, S.A. de C.V., a Mexican manufacturer and distributor of white line products, in connection with its successful offer to exchange its 6.500% Senior Guaranteed Notes due 2015 (“2015 Notes”) for its 7.875% Senior Guaranteed Notes due 2019 (“2019 Notes”) and the related consent solicitation. The transaction involved the issuance of approximately $130 million in aggregate principal amount of 2019 Notes in exchange for tendered 2015 Notes pursuant to a reopening of the series.

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Tags:  Paul Hastings, LLP | New York

Milbank Represents Inter-American Development Bank in $200 Million Credit Line to Spain’s Abengoa S.A. in Funding Sustainable Infrastructure Projects in Latin America

Setting the table for a new wave of renewable energy and sustainable infrastructure projects in Latin America, law firm Milbank, Tweed, Hadley & McCloy has represented the Inter-American Development Bank in providing a US$200 million revolving credit line to Abengoa S.A. of Spain. The funds are intended to finance development of a host of renewable energy-related projects across Latin America.

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Tags:  Milbank LLP | New York