Davis Polk Advises Canadian National Railway Company on $700 Million Notes Offering

Davis Polk advised Canadian National Railway Company (CN) on a registered public offering of $300 million aggregate principal amount of its 1.45% notes due 2016 and $400 million aggregate principal amount of its 2.85% notes due 2021. The notes were offered under the Multijurisdictional Disclosure System for U.S. and Canadian issuers adopted by the SEC.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Spectrum Brands Senior Secured Notes Offering

Davis Polk advised Credit Suisse Securities (USA) LLC as the initial purchaser on a Rule 144A/Regulation S offering by Spectrum Brands, Inc., of $200 million aggregate principal amount of its 9.5% senior secured notes due 2018. The notes are guaranteed by Spectrum Brands’ immediate parent company and by certain of its subsidiaries and are secured by first-priority liens on substantially all of the assets (other than accounts receivable and inventory) of Spectrum Brands and the guarantors and by second-priority liens, behind Spectrum Brands’ $300 million asset-based revolving credit facility due 2014, on their accounts receivable and inventory.

More >>

Tags:  Davis Polk & Wardwell LLP | New York

Morgan Lewis Continues Growth of National Tax Practice with State and Local Tax Partner in Princeton and New York

Morgan Lewis today announced the addition of Margaret C. Wilson as a partner in its Tax Practice, resident in Princeton and New York. A former partner at another international firm and previously associate general counsel of tax at Verizon, Ms. Wilson has spent 15 years advising clients on state and local taxation (“SALT”) issues.  Her arrival further establishes the firm as a significant presence in the SALT field.

More >>

Tags:  Morgan, Lewis & Bockius LLP | New York