Davis Polk Advises H. J. Heinz Company on Its $600 Million Notes Offering

Davis Polk advised H. J. Heinz Company as issuer of a registered offering of $300 million aggregate principal amount of 1.5% notes due 2017 and $300 million aggregate principal amount of 2.85% notes due 2022. The notes were underwritten by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC, as representatives of the several underwriters named in the underwriting agreement dated February 28, 2012.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Shearman & Sterling Advises on Complex Refinancing for DS Waters

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, as “left” joint lead arranger and joint bookrunner and as administrative agent, in connection with a complex refinancing (and related recapitalization) for DS Waters of America, Inc (DS Waters). This financing included a $365 million first lien term loan facility and $100 million second lien term loan facility. Both term loan facilities included delayed draw term mechanics. Additionally, a complex triple-layer intercreditor structure was negotiated among the first and second lien term loan secured parties as well as with the secured parties under a separate new asset-based revolving credit facility.

More >>

Tags:  Shearman & Sterling LLP | New York

Perkins Coie Launches IP, Corporate Capabilities in New York

Perkins Coie has added three Partners and one Of Counsel in New York. John Squires joins as Partner in the Intellectual Property practice, Dennis Hopkins joins as Partner in the Patent Litigation practice and Richard Ross joins as Partner in the Business practice. Charles Fish also joins as Of Counsel in the Intellectual Property practice. All were previously with Chadbourne & Parke in New York.

More >>

Tags:  Perkins Coie LLP | New York

Baker & McKenzie Client Fresenius Medical Care Completes Liberty Dialysis Acquisition

Baker & McKenzie client Fresenius Medical Care AG & Co. KGaA, the world’s largest provider of dialysis products and services, today announced that Fresenius Medical Care North America has closed the acquisition of Liberty Dialysis Holdings, Inc., the holding company of Liberty Dialysis and Renal Advantage.  The closing follows the completion of the review of the transaction and issuance of a consent decree by the United States Federal Trade Commission.  In connection with the consent decree, Fresenius Medical Care intends to divest its interests in 62 dialysis clinics.  The acquisition of Liberty Dialysis Holdings Inc. is expected to add annual revenues of around $700 million and 201 clinics to Fresenius Medical Care’s network for an investment, net of proceeds from the divestiture, of approximately $1.5 billion.

More >>

Tags:  Baker McKenzie | New York

Sutherland Energy Trading Practice Continues Growth; Adds Partner Steven H. Scheinman in New York

Sutherland Asbill & Brennan LLP is pleased to announce that Steven H. Scheinman has joined the firm as a partner in the Energy and Environmental Practice Group in New York. Mr. Scheinman most recently served as executive vice president, general counsel and chief compliance officer of Louis Dreyfus Highbridge Energy LLC (LDHE) where he was responsible for all legal, regulatory and compliance matters for the energy trading firm. Prior to LDHE, Mr. Scheinman was a corporate partner in the New York office of Akin Gump Strauss Hauer & Feld LLP.

More >>

Tags:  Eversheds Sutherland | New York

Simpson Thacher Represents Energy Future Intermediate Holding Company LLC and EFIH Finance Inc. in $350 Million Senior Secured Second Lien Notes Offering

Simpson Thacher recently represented Energy Future Intermediate Holding Company LLC (“EFIH”) and EFIH Finance Inc., direct, wholly-owned subsidiaries of Energy Future Holdings Corp. (“EFH Corp.”), formerly known as TXU Corp., in their issuance and sale of $350,000,000 aggregate principal amount of 11.750% Senior Secured Second Lien Notes due 2022. The issuers intend to dividend a portion of the net proceeds from the offering to EFH Corp., and EFH Corp. intends to use the funds it receives from EFIH to repay a portion of certain inter-company demand notes. The issuers intend to use the remaining net proceeds for general corporate purposes.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York