Davis Polk – Palo Alto Networks Secondary Offering

Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as lead joint book-running managers, and Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Raymond James & Associates, Inc. as book-running managers, in connection the $302.4 million SEC-registered offering of 4.8 million shares of common stock of Palo Alto Networks, Inc. sold by certain selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “PANW.”

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Tags:  Davis Polk & Wardwell | New York

Davis Polk – Walter Investment Management Corp. Concurrent Offerings of Common Stock and 4.5% Convertible Senior Subordinated Notes Due 2019

Davis Polk advised Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc. as joint book-running managers in connection with an SEC-registered public offering of 6,900,000 shares of common stock of Walter Investment Management Corp for aggregate gross proceeds of $290 million. The offering included 900,000 shares of common stock purchased by the underwriters upon full exercise of their option to purchase additional shares granted by Walter.

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Tags:  Davis Polk & Wardwell | New York

Davis Polk – Brand Energy and Infrastructure Services, Inc. $1.2 Billion Refinancing

Davis Polk advised UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Lending Partners LLC, as lead arrangers in connection with a refinancing of Brand Energy and Infrastructure Services, Inc.’s (Brand) existing first-lien and second-lien senior secured credit facilities. The new credit facilities consist of an $850 million first-lien senior secured credit facility, comprised of a $775 million term loan facility and a $75 million revolving credit facility, a $300 million second-lien senior secured term loan facility and a $50 million cash collateralized letter of credit facility. The obligations under the first-lien and second-lien credit facilities are guaranteed by certain of Brand’s domestic subsidiaries and, with respect to obligations of the Canadian borrower, guaranteed by Brand and all of Brand’s Canadian subsidiaries, and secured by substantially all of the assets of Brand and the guarantors. Brand is using the proceeds of the credit facilities to refinance its existing first-lien and second-lien credit facilities and for general corporate purposes.

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Tags:  Davis Polk & Wardwell | New York

White & Case Advises Primav on the Acquisition of a 19% Stake in Ecorodovias from Impregilo

Global law firm White & Case LLP, through its Milan, London and São Paulo offices, has advised Brazilian company Primav Construções e Comércio, a company of the CR Almeida Group, in its acquisition from Impregilo of a 19% stake in Ecorodovias Infraestructura e Logística S.A., a company focused on highway concessions and associated services in Brazil. The purchase price for this stake is approximately EUR 770 million. The transaction is subject to approval by the Brazilian Authorities.

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Tags:  White & Case LLP | Sao Paulo