Leading global law firm Mayer Brown has acted for Santander Consumer Bank AS on a €500m auto loan securitisation, Bilkreditt 3, which is the first securitisation to receive the Prime Collateralised Securities (PCS) label.
Tags: Mayer Brown LLP
Hogan Lovells Advises Republic of Ecuador in US$127 Million Financing for Urban Transportation Project
Hogan Lovells advised the Republic of Ecuador in the negotiation of a US$127 million financing protocol that was executed on 4 December 2012 by the Minister of Foreign Trade of France and the Minister of Finance of Ecuador. Under the protocol, the government of France will extend a loan to be used for the construction of an urban transportation project in the city of Cuenca in southern Ecuador.
Tags: Hogan Lovells | Miami
SNR Denton Advises the Ministry of Defence on Major Naval Contract with BAE Systems Marine
Baker Botts Represents WhiteWave Foods in Sale of Assets to Morningstar Foods
The WhiteWave Foods Company (“The Company”) (NYSE: WWAV) announced that it has agreed to sell certain assets owned by the Company to Morningstar Foods for $60 million, net of taxes, in connection with the separately announced sale by Dean Foods Company of its Morningstar business to Saputo Inc.
Tags: Baker Botts L.L.P. | Dallas
Weingarten, Schurgin, Gagnebin & Lebovici to Join Preti Flaherty
Today Preti Flaherty announced that it has reached agreement with Weingarten, Schurgin, Gagnebin & Lebovici(WSGL) to join forces effective January 1, 2013. The seven attorneys of WSGL, a Boston intellectual property law firm, will join Preti Flaherty, a regional New England law firm with offices in Massachusetts, Maine, New Hampshire, Washington, DC and New Jersey. In anticipation of this change, Preti Flaherty’s existing team of Boston attorneys and staff and their Preti Minahan affiliate will consolidate operations at WSGL’s Boston office at Ten Post Office Square on December 14th.
Tags: Preti, Flaherty, Beliveau & Pachios, Chartered, LLP
Simpson Thacher Represents Investor Group in Sale by AIG of up to 90% Stake in International Lease Finance Corporation
The Firm is representing an investor group comprised of New China Trust Co. Ltd., China Aviation Industrial Fund and P3 Investments Ltd. in connection with their agreement to purchase up to a 90% stake in International Lease Finance Corporation (ILFC), which is an aircraft leasing company wholly-owned by American International Group, Inc. (NYSE: AIG).
Tags: Simpson Thacher & Bartlett LLP | Hong KongSimpson Thacher Represents Ingersoll Rand in the Spin-off of its Security Businesses
The Firm is representing Ingersoll-Rand plc (NYSE:IR) in connection with its announced plan to spin-off its commercial and residential security businesses (“the new security company”). The separation will result in two standalone companies. The spin-off is intended to be tax free to shareholders and expected to be completed in approximately 12 months. The new security company is expected to have annual revenues of approximately $2 billion on a pro forma basis based on 2011 revenues. The completion of the spin-off is subject to certain customary conditions and final approval of the transactions contemplated by the spin-off, as may be required under Irish law.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents Sirius XM Radio Inc. in $1.25 Billion Revolving Credit Facility
The Firm recently represented Sirius XM Radio Inc. (SiriusXM) in connection with the entering into of a new five-year, $1,250,000,000 senior secured revolving credit facility.
Tags: Simpson Thacher & Bartlett LLP | New York
McDermott Expands Transactional Capability in London
International law firm McDermott Will & Emery LLP today announced the appointments of two leading corporate lawyers, Stuart Mathews and Rupert Weber, as partners in the Firm’s London office. Both partners bolster the Firm’s experience in handling transactional matters on an international scale.
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Allen & Overy Advises Commerzbank, J.P. Morgan, Société Générale and UniCredit on Successful Placement of Hannover Re Hybrid Bonds
Allen & Overy LLP has advised a syndicate of banks comprising Commerzbank Aktiengesellschaft, J.P. Morgan Securities plc, Société Générale Corporate and Investment Banking and UniCredit Bank AG on the successful placement of EUR 500 million subordinated hybrid bonds by Hannover Re.
Tags: Allen & Overy LLP