Ropes & Gray announced today that on July 20 the Korean Bar Association approved and registered Ropes & Gray as the first Foreign Legal Consultant Office in Korean history. At the same time, Ropes & Gray’s Seoul office officially opened its doors.
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Cravath represented the underwriters, led by Credit Suisse, in connection with the $1.2 billion registered offering of high‑yield notes by CHS/Community Health Systems, Inc., one of the largest publicly traded operators of hospitals in the United States. The transaction closed on July 18, 2012.
Tags: Cravath, Swaine & Moore LLP | New York
Global law firm White & Case LLP has advised the underwriters, consisting of Barclays, Credit Suisse, Deutsche Bank, Mediobanca, Morgan Stanley, Nomura, UBS and Unicredit, in the €1.1 billion rights issue for Unipol Gruppo Finanziario (UGF) in a deal launched on July 16, 2012.
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The Firm recently completed its representation of Barclays Capital, Citigroup Global Markets, J.P. Morgan Securities and RBS Securities, as dealer managers, in connection with Rule 144A/Regulation S private exchange offer by Kraft Foods Inc. (“Kraft Foods”). Pursuant to the exchange offers, Kraft Foods offered to exchange its existing 6.500% Notes due 2040, 6.875% Notes due 2039, 6.875% Notes due 2038, 7.000% Notes due 2037, 6.500% Notes due 2031, 5.375% Notes due 2020, 6.125% Notes due August 2018 and 6.125% Notes due February 2018 for up to $3.6 billion aggregate principal amount of new 6.500% Notes due 2040, 6.875% Notes due 2039, 5.375% Notes due 2020 and 6.125% Notes due 2018 to be issued by Kraft Foods’ wholly owned subsidiary, Kraft Foods Group, Inc. (“Kraft Foods Group”) and, as applicable, cash. Upon the successful completion of the exchange offers, $3.6 billion of new Kraft Foods Group notes were issued. The notes will be initially guaranteed by Kraft Foods, which guarantee will be automatically released upon the completion of Kraft Foods’ spin-off of Kraft Foods Group to its shareholders.
Tags: Simpson Thacher & Bartlett LLP | New YorkThe Firm represented Barclays, BMO Capital Markets, Credit Suisse, RBC Capital Markets, CIBC, HSBC and Morgan Stanley as initial purchasers in connection with a 144A/Regulation S offering by MEG Energy Corp. (“MEG”) of $880 million of 6.375% Senior Notes due 2023. MEG intends to use the net proceeds from the offering for general corporate purposes.
Tags: Simpson Thacher & Bartlett LLP | New York
On July 10, the U.S. Bankruptcy Court for the Southern District of New York granted interim approval of an $802 million debtor in possession financing facility for Patriot Coal Corporation and 98 of its subsidiaries, which filed for bankruptcy protection on July 9. The Debtors are a leading producer and marketer of coal in the United States, with operations and coal reserves in the Appalachia and Illinois Basic coal regions.
Tags: Willkie Farr & Gallagher LLP | New York
Littler Mendelson, P.C. (Littler), the world’s largest employment and labor law firm representing management, continues its lateral growth with the addition of Linda Jackson to its Washington, D.C. office. Jackson, previously a partner with Venable LLP and a former member of its Executive Committee, joins Littler as a shareholder and will focus her litigation practice on a variety of areas, with a particular emphasis on Sarbanes-Oxley Act (SOX) whistleblower investigations, non-competition agreements and litigation, trade secret disputes and related business competition issues. As a first-chair trial attorney, Jackson has more than 17 years of experience handling cases throughout Washington, D.C. and Northern Virginia.
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The London, Beijing and Sydney offices of international legal practice Norton Rose Group have advised the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO) on their US$85 million debt financing of Mongolia’s first renewable energy independent power project. The project reached financial close on 17 July 2012.
Tags: Norton Rose Fulbright | Beijing
Hogan Lovells has advised the BBC on the sale for an initial price of £200 million of its iconic Television Centre in London’s White City to a consortium led by one of the UK’s leading developers, Stanhope PLC, and backed by Canada’s Alberta Investment Management Corporation (AIMCo) and Mitsui Fudosan of Japan. The deal exchanged on Saturday 14 July and completed on Friday 20 July.
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Leading national law firm Irwin Mitchell has reaffirmed its ongoing strategic drive to build a leading national business legal services team with the recruitment of two high profile Banking and Asset Based Lending partners, Andrew Watson and Jon Bew, from Squire Sanders, (formerly Squire Sanders Hammonds).
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