Davis Polk Advises MSCI Inc. on $980 Million Credit Facilities

Davis Polk advised MSCI Inc. in connection with the amendment and restatement of its credit agreement and the refinancing of its existing credit facilities with $880 million of senior secured term loans and a $100 million revolving credit facility. The proceeds of the new term facility, together with cash on hand, were used to prepay $1.08 billion of term loans outstanding under MSCI’s existing facilities. The obligations under the new credit facilities are guaranteed by all of its domestic subsidiaries and secured by substantially all of the assets of the guarantors.

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Tags:  Davis Polk & Wardwell LLP | New York

Paul Hastings Represents Morgan Stanley and Wells Fargo in Financing for Wabash Acquisition of Walker Group Holdings

Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley Senior Funding, Inc. and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, and Morgan Stanley Senior Funding, Inc., as administrative agent, in connection with the financing for leading semi trailer manufacturer Wabash National Corporation’s (NYSE: WNC) acquisition of Walker Group Holdings LLC, a leading manufacturer of liquid-transportation systems and engineered products.

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Tags:  Paul Hastings, LLP | New York

Proskauer Expands Its Real Estate Capital Markets Capabilities with the Addition of Les Loffman as Partner in New York

Proskauer has expanded its Real Estate Capital Markets Group with the addition of Leslie (Les) H. Loffman as a Tax Partner in the firm’s New York office. Widely regarded as one of the country’s premiere REIT tax lawyers, Loffman was most recently a partner at DLA Piper, where he served as co-chair of its REIT practice, and before that director of national REIT services at Ernst & Young.

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Tags:  Proskauer Rose LLP | New York

Terryl L. Brown Joins Harris Beach in the Government Compliance and Investigations Practice Group

Terryl L. Brown, former counsel to the Attorney General and Chief Ethics Officer in the New York State Attorney General’s Office, has joined the Harris Beach law firm as a partner in the Government Compliance and Investigations Practice Group with a major focus on working with clients of the firm’s Energy Industry Team. In this capacity, she defends organizations and their executives on matters relating to corporate and government compliance, government investigations, consumer fraud, and criminal charges. Ms. Brown brings nearly 20 years of experience in New York State government, having served in the New York State Attorney General’s Office, the New York Power Authority, and the New York State Governor’s Office. With this experience, she counsels state government and municipal officials on matters relating to operational procedures, ethics, and regulations. In addition to advising energy and government clients and given her vast industry and managerial experience, she also works with clients in numerous industries on their regulatory and compliance matters, including health care, financial institutions and capital markets, telecommunications and media, and consumer products and services.

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Tags:  New York