Tax Credit Finance Team Joins Nixon Peabody’s NYC Office

Tuesday, September 6, 2011
New York, NY. International law firm Nixon Peabody LLP has expanded its Tax Credit Finance and Syndication practice in New York City with the arrival of two partners Alan S. Cohen and Mark A. Kreitman, associate Amy Curry, and paralegal George Steiner. Mr. Cohen and Mr. Kreitman most recently led Paul Hastings’ affordable housing tax credit practice.

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Tags:  Nixon Peabody LLP | New York

Davis Polk Advises Murphy Oil on Louisiana Refinery Sale

Friday, September 2, 2011
Davis Polk is advising Murphy Oil Corporation in connection with the sale by its wholly owned subsidiary, Murphy Oil USA, Inc., of its refinery in Meraux, Louisiana, and related assets, to a subsidiary of Valero Energy Corporation for a sale price of $325 million plus the value of hydrocarbon inventory. The hydrocarbon inventory will be valued based on market prices at closing (the inventory is currently valued at approximately $300 million). The transaction is subject to customary regulatory approvals and conditions and is expected to close in the fourth quarter of 2011.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises PepsiCo, Inc. on Its $1.25 Billion Notes Offering

Tuesday, August 30, 2011
Davis Polk advised PepsiCo, Inc. on its registered offering of $500 million aggregate principal amount of 0.8% senior notes due 2014 and $750 million aggregate principal amount of 3.0% senior notes due 2021. BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk Advises VF Corporation on Its $900 Million Fixed- and Floating-Rate Notes Issuance

Thursday, August 25, 2011
Davis Polk advised VF Corporation on the filing of its automatic shelf registration statement and on an SEC-registered debt shelf takedown of $900 million aggregate principal amount of its notes, including $500 million of its 3.5% fixed-rate notes due 2021 and $400 million of its floating-rate notes due 2013. BofA Merrill Lynch and J.P. Morgan acted as representatives of the several underwriters for the offering.

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Davis Polk Advises Comcast on Investment By Boston Celtics in Comcast SportsNet New England

Wednesday, August 24, 2011
Davis Polk advised Comcast Corporation on the Boston Celtics’ minority investment in Comcast SportsNet New England, LLC, the owner of the regional sports network Comcast SportsNet New England. In connection with the transaction, Comcast SportsNet New England will continue to distribute games of the Boston Celtics. The financial terms were not disclosed.

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Tags:  Davis Polk & Wardwell LLP | New York

Paul Hastings Continues Leveraged Finance Expansion with Addition of Another Prominent Partner

Tuesday, August 23, 2011
Paul Hastings LLP, a leading global law firm, announced today that Michael Baker has joined the Leveraged Finance practice in New York. Mr. Baker, previously with Shearman & Sterling LLP, is a prominent leveraged finance lawyer with extensive bank lending experience. His arrival follows the addition of leveraged finance partners Michael Michetti and Rich Farley, who joined in July and June, respectively.

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Tags:  Paul Hastings, LLP | New York

Leading ERISA Lawyer, Jeffrey Crandall, Joins Davis Polk

Monday, August 15, 2011

Davis Polk & Wardwell LLP today announced that Jeffrey P. Crandall, a leading ERISA lawyer, is joining the firm in New York as a partner in its Executive Compensation and Employee Benefits practice. The addition of Mr. Crandall provides Davis Polk with another seasoned expert with deep experience in executive compensation and employee benefits, both in the transactional context and in day-to-day matters involving the design, implementation and disclosure of senior executive compensation and benefit arrangements. Mr. Crandall also has particular expertise in compensation and ERISA matters relating to financial institution, private equity and hedge fund clients. He has extensive experience in structuring carry plans and other forms of manager and investment professional participation in private funds and in the ERISA aspects of the investment and management of pension plan assets under private funds and various other products and arrangements.

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Tags:  Davis Polk & Wardwell LLP | New York