Seyfarth Shaw Adds Labor & Employment Trio in New York

Leading law firm Seyfarth Shaw LLP is pleased to announce the addition of three attorneys to the firm’s national Labor & Employment Department, fortifying the firm’s extensive group of labor lawyers, and continuing Seyfarth’s expansion of more than 100 new attorneys hired within the past 18 months in the department. Partners Cliff Fonstein and  Nicholas H. De Baun and associate Tara Conroy have joined Seyfarth’s New York office from Sidley Austin LLP.

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Milbank Represents Covanta Holding Corporation and its Subsidiaries in Connection with a Registered Senior Note Offering and Senior Secured Credit Facilities Totaling $1.6 Billion

Milbank, Tweed, Hadley & McCloy LLP represented Covanta Holding Corporation in connection with a registered public offering of $400 million of 6.375% Senior Notes due 2022, and Covanta Energy Corporation and its subsidiaries in connection with a new senior secured term loan facility in the amount of $300 million, maturing in 2019, and a senior secured revolving credit facility in the amount of $900 million, terminating in 2017.

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Simpson Thacher Represented Initial Purchasers in Sale of $300 Million Senior Notes by New Gold Inc.

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC and Scotia Capital (USA) Inc., in the sale of an aggregate principal amount of $300 million 7.00% Senior Notes due 2020 of New Gold Inc., a British Columbia corporation (“New Gold”).  The offering was conducted as a private offering in reliance upon Rule 144A and Regulation S.  The notes are guaranteed by certain of New Gold’s direct and indirect subsidiaries.  The transaction closed on April 5, 2012.  New Gold intends to use the net proceeds from the offering to fund the redemption of its 10% Senior Secured Notes due 2017 and for general corporate purposes.

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Davis Polk – Rexnord Initial Public Offering

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Barclays Capital Inc. as representatives of the several underwriters on the $490 million initial public offering of 27,236,842 shares of Rexnord Corporation, including 3,552,631 shares from the full exercise of the underwriters’ option to purchase additional shares. Rexnord’s common stock is traded on the New York Stock Exchange under the symbol “RXN.”

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Tags:  Davis Polk & Wardwell LLP | New York

Mayer Brown Enhances Insurance Industry Group with Addition of James Woods as Partner and Global Co-leader

Mayer Brown, a leading global law firm, announced that veteran insurance regulatory advisor James R. Woods has joined the firm as a partner and a co-leader of the global Insurance Industry Group. Also a member of Mayer Brown’s Corporate & Securities practice, Mr. Woods will divide his time between the firm’s offices in Palo Alto, California and New York.  Previously, he was a partner at Dewey & LeBoeuf, where he served as co-chair of that firm’s global Insurance Industry Sector Practice.

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Simpson Thacher Represents LPL Financial LLC in $1.60 Billion Refinancing

Simpson Thacher recently represented LPL Financial LLC (“LPL”) in connection with the $1.60 billion refinancing of its current credit facility. The new senior secured credit facility includes a Tranche A Term Loan of $735.0 million maturing in five years, a Tranche B Term Loan B of $615.0 million maturing in seven years and a revolving credit facility of $250.0 million maturing in five years.

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Tags:  Simpson Thacher & Bartlett LLP | New York