Todd Miles Joins Harris Beach

Todd Miles has joined the Harris Beach law firm as of February 21st as a partner in the Public Finance and Economic Development Practice Group and the Municipalities and Quasi-Governmental Agencies Team.  Mr. Miles, previously a partner at Hawkins Delafield & Wood since 1991, has a recognized expertise in New York local government finance and focuses his practice on representation of large New York municipalities and related financing boards and corporations.

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Tags:  New York

Kramer Levin Helps Achieve Confirmed Plan in Washington Mutual Bankruptcy

Kramer Levin today helped achieve confirmation of a plan of reorganization in the $7 billion bankruptcy of Washington Mutual, Inc. (“WaMu”), which was filed in 2008 in the wake of the largest bank failure in U.S. history. Judge Mary Walrath confirmed the plan after a hearing in U.S. Bankruptcy Court in Wilmington, Delaware. Kramer Levin represented a longtime client that was a significant holder of WaMu debt. The firm and the client helped resolve several complex issues in the case, leading to a consensual plan that ultimately will permit WaMu’s assets to be distributed to a wide range of stakeholders.

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Tags:  Kramer Levin Naftalis & Frankel LLP | New York

Milbank Represents the Government of Canada in $3 Billion Public Offering of 0.875% United States Dollar Bonds Due 2017

International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., acted as US counsel in a $3 billion offering by the Government of Canada of its 0.875% United States Dollar Bonds due in 2017.  The bonds were purchased by a group of twelve underwriters, for whom Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and RBC Capital Markets, LLC acted as representatives.  The offering raised net proceeds of approximately $2.99 billion.

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Tags:  Milbank LLP | New York

Simpson Thacher Represents Initial Purchasers in $600 Million Senior Notes Offering by The ServiceMaster Company

The Firm recently represented the initial purchasers, led by J.P. Morgan, in the offering of $500 million of 8% Senior Notes due 2020 (the “Notes”) and the add-on offering of $100 million of Notes by The ServiceMaster Company pursuant to Rule 144A and Regulation S.  The net proceeds of the offering are being used to redeem a portion of ServiceMaster’s 10.75% / 11.50% Senior Toggle Notes due 2015.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents HCA in $1.35 Billion High Yield Debt Offering

Simpson Thacher recently represented HCA Inc. in its high yield offering of $1.35 billion aggregate principal amount of 5.875% Senior Secured Notes due 2022.  HCA intends to use the net proceeds for general corporate purposes, which may include the repayment, redemption or repurchase of its existing indebtedness and/or the financing of a special cash dividend to shareholders.

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Tags:  Simpson Thacher & Bartlett LLP | New York