Littler Mendelson, P.C. (Littler), the nation’s largest employment and labor law firm representing management, has added Bradley A. Siciliano to its growing Corporate Ethics & Compliance practice as a shareholder in the firm’s New York City office. Siciliano brings with him two decades of legal experience drawn from both private practice and corporate senior executive positions within major multinational corporations.
Tags: Littler Mendelson P.C. | New York Perkins Coie Adds Four Corporate Trust Attorneys in New York
Perkins Coie announced today that it has added four attorneys to its New York office. Ronald Sarubbi and Tina Moss join as Partners, Michael Fruchter as Of Counsel and Sean Connery as Associate in the firm’s Financial Transactions & Restructuring practice. Their practice focuses on representing banking institutions serving as indenture trustee and in related agency capacities in the area of corporate trusts. They join the firm from Pryor Cashman in New York.
Tags: Perkins Coie LLP | New York Davis Polk Advises Aetna on $1.5 Billion Credit Facility
Davis Polk advised Aetna Inc., as borrower, in connection with a new $1.5 billion senior five-year revolving credit facility. The facility may be used for general corporate purposes. JPMorgan Chase Bank, N.A. was the administrative agent and J.P. Morgan Securities Inc., Citigroup Global Markets Inc., and Merrill Lynch, Fenner and Smith Incorporated were the joint lead arrangers and joint bookrunners.
Tags: Davis Polk & Wardwell LLP | New York Shearman & Sterling Advises Mubadala on $2 Billion Investment in Eike Batista’s EBX Group
Shearman & Sterling is representing Mubadala Development Company, the Abu Dhabi-based strategic investment and development company, in its $2 billion investment in EBX Group of Brazil as part of a new strategic partnership.
Tags: Shearman & Sterling LLP | New York Simpson Thacher Represents AXIS Capital Holdings Limited in $400 Million Offering of Preferred Stock and in Equity Tender Offer
The Firm represented AXIS Capital Holdings Limited in connection with a registered offering of 16,000,000 shares of 6.875% Series C Preferred Shares at a liquidation preference of $25 per share, representing $400,000,000 in aggregate liquidation preference, and a tender offer to purchase for cash any and all of its outstanding 7.50% Series B Preferred Shares. AXIS intends to use the net proceeds from the offering to finance the tender offer and any remaining net proceeds for general corporate purposes, including to redeem in part its outstanding Series A Preferred Shares.
Tags: Simpson Thacher & Bartlett LLP | New York Milbank Represents Underwriters in $892 Million EETC Offering by Continental Airlines
International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, III and Transportation and Space partner Elihu Robertson, acted as US counsel to the underwriters in a $892 million public offering of enhanced equipment trust certificates (“EETCs”) by Continental Airlines, Inc. Continental sold $753,035,000 aggregate face amount of 4.150% Pass Through Certificates, Series 2012-1A and $139,103,000 aggregate face amount of 6.250% Pass Through Certificates, Series 2012-1B. Continental will use the proceeds of the offering to purchase 18 new Boeing aircraft scheduled for delivery in 2012 (including four Boeing 787-8 Dreamliner aircraft and 14 Boeing 737-900ER aircraft) and to finance three Boeing 737-900ER aircraft acquired by Continental in 2009.
Tags: Milbank LLP | New York Simpson Thacher Represents J.P. Morgan and Other Arrangers in Financing for Acquisition of Quest Software, Inc.
Simpson Thacher is representing J.P. Morgan Securities LLC, RBC Capital Markets and Barclays Capital as lead arrangers for the financing of the acquisition by a group of investors, including Vincent Smith and Insight Venture Management, LLC, of Quest Software Inc. The financing will consist of an $820 million term loan and a $75 million revolving credit facility and $300 million from the issuance of senior unsecured notes.
Tags: Simpson Thacher & Bartlett LLP | New York Simpson Thacher Represents Tyco International in Connection with Merger of its Flow Control Business
The Firm is representing Tyco International Ltd (“Tyco”) in connection with the announced stock-for-stock merger of its flow control business with Pentair, Inc. in a transaction valued at approximately $10 billion. The combination of Tyco Flow Control and Pentair, structured as a Reverse Morris Trust transaction, will create a diversified industrial growth company with leading positions in water and fluid solutions, valves and controls, and equipment protection products and 2012 pro forma revenues of approximately $7.7 billion. Immediately following the transaction, the combined entity, which will be named Pentair, will be owned 52.5% by former Tyco shareholders and 47.5% by Pentair shareholders. The transaction follows Tyco’s previously announced plan to spin-off its flow control business into an independent, publicly traded company.
Tags: Simpson Thacher & Bartlett LLP | New York Davis Polk – Wyndham Worldwide Corporation Tender Offer
Davis Polk advised Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC as dealer managers in connection with a cash tender offer by Wyndham Worldwide Corporation to purchase up to $650 million aggregate principal amount of any and all of its outstanding 9.875% senior notes due 2014, and up to a maximum tender amount of its 6.00% senior notes due 2016 and 7.375% senior note due 2020.
Tags: Davis Polk & Wardwell LLP | New York Simpson Thacher Represents Underwriters in $300 Million Debt Offering for Domtar Corporation
The Firm recently represented the underwriters, led by J.P. Morgan, Deutsche Bank Securities and Goldman, Sachs & Co., in a public offering of $300 million of 4.40% Senior Notes due 2020 by Domtar Corporation. The Notes are guaranteed by certain subsidiaries of Domtar Corporation.
Tags: Simpson Thacher & Bartlett LLP | New York