Monthly Archives: July 2012

Willkie Advises Alvarez & Marsal in Arctic Glacier’s Cross-Border Restructuring, US Court Approves $435 Million Company Sale

Thursday, July 19, 2012

On July 17, it was announced that Winnipeg, Canada-based Arctic Glacier Inc. received approval for its $435 million purchase by Miami, Florida-based private equity firm HIG Capital LLC. On February 21, Arctic Glacier had initiated proceedings under the Companies’ Creditors Arrangement Act (CCAA) in the Court of Queen’s Bench, Manitoba, with U.S. affiliates of the packaged-ice producer filing for chapter 15 protection in Delaware bankruptcy court the following day. Willkie represents Alvarez & Marsal, the court-appointed Monitor in the Canadian CCAA proceedings and the foreign representative in the chapter 15 cases.

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Tags:  Willkie Farr & Gallagher LLP | New York

Simpson Thacher Represents the Initial Purchasers in US$3 Billion Senior Debt Offerings by Sumitomo Mitsui Banking Corporation

Thursday, July 19, 2012

The Firm recently represented the initial purchasers in connection with the offering of US$3 billion of Senior Bonds in three tranches due 2015, 2017 and 2022 by Japan’s Sumitomo Mitsui Banking Corporation, guaranteed by the bank’s New York branch. The Senior Bonds were offered and sold in reliance on the exemption from SEC registration provided in Section 3(a)(2) of the Securities Act. Goldman Sachs & Co., Citigroup Global Markets Inc., Barclays Bank PLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and SMBC Nikko Capital Markets Limited were the Joint Lead Managers for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo

Simpson Thacher Represents the Underwriters in US$750 Million Senior Debt Offering by Nippon Telephone and Telegraph Corporation

Thursday, July 19, 2012

The Firm recently represented the underwriters in connection with the public offering of US$750 million of 1.4% Notes due 2017 by Japan’s Nippon Telegraph and Telephone Corporation. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and Morgan Stanley & Co. LLC were the Joint Book-Running Managers for the offering.

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Tags:  Simpson Thacher & Bartlett LLP | Tokyo