WilmerHale Advises SS&C Technologies in $906.5 Million Bid Takeover

Tuesday, March 27, 2012
In a bidding war for London-based GlobeOp Financial Services, WilmerHale represented SS&C Technologies in its takeover cash offer of $906.5 million. The bid topped an $805 million offer from buyout house TPG Capital, announced earlier this year in February. SS&C has offered to pay $7.69 per share for GlobeOp – an 11 percent premium on TPG’s bid. The deal has been unanimously approved by the board of directors of SS&C and the independent directors of GlobeOp.

More >>

Tags:  Wilmer Cutler Pickering Hale and Dorr LLP | New York

Sutherland Expands New York Insurance Practice with Addition of Six Partners

Monday, March 26, 2012
Sutherland Asbill & Brennan LLP announced today that the firm is significantly expanding its insurance and tax practices by adding six of the country’s leading insurance regulatory, tax and transactional attorneys. James R. Dwyer, Jeffrey H. Mace, John S. Pruitt, Linda A. Sciuto, Cynthia R. Shoss and P. Bruce Wright, are joining the firm’s New York office as partners. All six attorneys were previously partners at Dewey & LeBoeuf.

More >>

Tags:  Eversheds Sutherland | New York

Shearman & Sterling Advises on American Tower Corporation Notes Offering

Monday, March 26, 2012
Shearman & Sterling worked on an offering of investment grade notes of American Tower Corporation, a wireless and broadcast communications infrastructure company with a portfolio of over 45,000 communications sites, including wireless and broadcast towers located in the United States, Brazil, Chile, Colombia, India, Ghana, Mexico, Peru and South Africa. Shearman & Sterling represented the underwriters, led by J.P. Morgan and other joint bookrunning managers Citigroup, Mizuho Securities, Morgan Stanley and TD Securities, on the shelf takedown of $700 million of 4.70% Senior Notes due 2022. American Tower Corporation plans to use the proceeds to refinance the existing indebtedness it incurred under credit facilities, which have been used to fund recent acquisitions.

More >>

Tags:  Shearman & Sterling LLP | New York

Davis Polk – AK Steel Corporation $300 Million Senior Notes Offering

Friday, March 23, 2012
Davis Polk advised Merrill, Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and Wells Fargo Securities, LLC as joint book-running managers of an SEC-registered offering by AK Steel Corporation of $300 million principal amount of 8.375% senior notes due 2022, guaranteed on a senior unsecured basis by AK Steel Holding Corporation.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Simpson Thacher Represented Initial Purchasers in Sale of $1.0 Billion Senior Notes due 2017 and $1.0 Billion Senior Notes due 2022 by FMG Resources (August 2006) Pty Ltd

Friday, March 23, 2012

Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., RBS Securities Inc. and UBS Securities LLC, in the sale of an aggregate principal amount of $1.0 billion 6.000% Senior Notes due 2017 and $1.0 billion 6.875% Senior Notes due 2022 of FMG Resources (August 2006) Pty Ltd, an Australian corporation (“FMG”), and a direct wholly-owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”), pursuant to Rule 144A and Regulation S. The notes are guaranteed by certain of Fortescue’s direct and indirect subsidiaries. The deal closed on March 19, 2012. FMG intends to use the net proceeds from the offering to expand its existing operations and for general corporate purposes.

More >>

Tags:  Simpson Thacher & Bartlett LLP | New York