Shearman & Sterling Advises on Registered Shelf Takedown of Senior Notes by AmeriGas in Connection with its Acquisition of Heritage Propane

Shearman & Sterling represented AmeriGas Finance Corp. and AmeriGas Finance LLC, as co-issuers (the Issuers), and AmeriGas Partners, L.P., as guarantor (AmeriGas), in connection with a registered shelf takedown of $550,000,000 aggregate principal amount of 6.75% Senior Notes due 2020 and $1,000,000,000 aggregate principal amount of 7.00% Senior Notes due 2022.

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Tags:  Shearman & Sterling LLP | New York

Davis Polk – AmeriGas Partners $1.55 Billion High-Yield Senior Notes Offering

Davis Polk advised Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC as joint book-running managers and representatives of the underwriters on an SEC-registered offering by co-issuers AmeriGas Finance LLC and AmeriGas Finance Corp. of $550 million aggregate principal amount of 6.75% senior notes due 2020 and $1 billion aggregate principal amount of 7% senior notes due 2022. The notes were fully and unconditionally guaranteed by AmeriGas Partners, L.P. (AmeriGas). The proceeds of the offering will be used to finance AmeriGas’ acquisition of the retail propane business of Energy Transfer Partners, L.P.

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Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represents Underwriters in $2.5 Billion Debt Offerings by Target Corporation

The Firm represented the underwriters in two offerings by Target Corporation:  $1 billion principal amount of 2.900% Notes due 2022 in a public offering underwritten by an underwriting syndicate led by BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co., Barclays Capital and J.P. Morgan; and $1.5 billion principal amount of Floating Rate Notes due 2013 in a public offering underwritten by Citigroup, Goldman, Sachs & Co., BofA Merrill Lynch, Barclays Capital and J.P. Morgan.

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Sutherland Represents BlueStar Energy Holdings Inc. in Acquisition by American Electric Power

Sutherland Asbill & Brennan LLP advised BlueStar Energy Holdings Inc. in its acquisition by Columbus, Ohio-based American Electric Power. Based in Chicago, BlueStar Energy Holdings Inc. supplies electric power to more than 20,000 customers across six states and the District of Columbia via its independent supplier, BlueStar Energy Solutions.

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Tags:  Eversheds Sutherland | New York

Simpson Thacher Represents Blackstone in its $1.43 Billion Acquisition of EDT Retail Portfolio of 46 U.S. Retail Shopping Centers

The Firm is representing affiliates of The Blackstone Group (“Blackstone”) in connection with its acquisition from affiliates of Elbit Imaging Ltd. of a portfolio of 46 retail shopping centers in the United States, comprising approximately 10.6 million square feet of space in 20 states for $1.43 billion, including the assumption of at least $945 million in debt.  In connection with the execution of the purchase agreement, Blackstone entered into a joint venture with affiliates of DDR Corp. (“DDR”) to acquire the properties.  Blackstone will own 95% of the joint venture and DDR will own 5% of the joint venture.  DDR will also be making a $150 million preferred equity investment in the joint venture.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Jeffrey Smith Joins Crowell & Moring’s New York Office to Bolster Environmental and Corporate Practices

Crowell & Moring LLP is pleased to announce that Jeffrey A. Smith has joined the firm’s New York office, where he will be a partner in the firm’s Environment & Natural Resources and Corporate groups. Smith joins from Cravath, Swaine & Moore LLP, where he was a partner and head of the firm’s environmental law group, as well as the former Managing Partner of Administration.

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Tags:  Crowell & Moring LLP | New York