Paul Hastings, a leading global law firm, announced today that it is advising MISUMI Group Inc., (“MISUMI”) on its US$200 million acquisition of all shares in the largest die components maker in the U.S., Dayton Progress Corporation (“Dayton”) and the components business (“AD Components Business”) of Canada’s The Anchor Danly Company. Both companies are owned by Connell Limited Partnership of Boston.
Tags: Paul Hastings LLP | TokyoPaul Hastings LLP, a leading global law firm, announced today that the firm represented Banco Continental S.A.E.C.A., one of the largest banks in Paraguay, in connection with its issuance of $200 million 8.875% Senior Notes due 2017 pursuant to Rule 144A and Regulation S.
Tags: Paul Hastings LLP | New York
CMS has advised ING Bank N.V., as coordinator of a group of banks, on a EUR 416 million loan to DTEK, the largest privately-owned, vertically-integrated energy company in Ukraine. ING coordinated a syndicate of banks including Sberbank of Russia, Gazprombank, UniCredit Bank Austria AG and Sberbank (Switzerland) AG.
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Orrick, Herrington & Sutcliffe LLP recently advised Shutterstock, Inc. in the first initial public offering (IPO) for a New York-based technology company in more than two years. Trading on the New York Stock Exchange under ticker symbol SSTK, the company raised $81.8 million in its IPO, which priced at $17 per share (above the proposed range of $13 to $15 per share) and landed the company’s market value at more than half a billion dollars. As a further testament to the offering’s success, the value of shares increased almost 30% to a value of $21.66 during the company’s first day of trading.
Tags: Orrick, Herrington & Sutcliffe, LLP | New York
Herbert Smith Freehills is acting for BHP Billiton Limited in its A$1 billion bond issuance under its Australian Medium Term Note Programme.
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Cahill represented Barclays, Deutsche Bank Securities and BofA Merrill Lynch as joint physical book-running managers and the other managers in connection with the Rule 144A/Reg S offering of $1,200,000,000 comprised of $700,000,000 aggregate principal amount of 5.875% Senior Notes due 2020 and $500,000,000 aggregate principal amount of 6.250% Senior Notes due 2022 by HDTFS, Inc., who will be merged into The Hertz Corporation. Proceeds from the offering will be used to partially fund the acquisition of Dollar Thrifty Automotive Group Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill represented Barclays, BofA Merrill Lynch, and Credit Suisse as joint book-running mangers in connection with the Rule 144A/Reg S offering of $550,000,000 aggregate principal amount of 7.75%/8.50% Contingent Cash Pay Senior Notes due 2017 by Alphabet Holding Company, Inc., the parent company of NBTY, Inc. Proceeds from the offering will be used to pay a dividend.
Tags: Cahill Gordon & Reindel LLP | New York
Kramer Levin’s client Sirius XM significantly expanded its current satellite radio subscription business to now include telematics services and products for automobiles. Pursuant to a Master Services Agreement, Sirius XM will be the exclusive provider of a comprehensive suite of telematics services for Nissan branded vehicles, including 24/7 emergency support for accidents, stolen vehicle tracking and roadside assistance through smartphones, tablets and automotive vehicle devices.
Tags: Kramer Levin Naftalis & Frankel LLP | New York
Marlon Q. Paz, a litigator experienced in complex securities issues, internal investigations and compliance has joined as a Partner in the Washington, D.C., office of Locke Lord LLP as part of the international Firm’s Litigation Department. Paz’s significant experience in global anti-corruption matters, especially in Latin America, combined with his experience with the U.S. Securities and Exchange Commission (SEC) and major financial institutions will boost the already strong capabilities of Locke Lord’s Securities and White Collar/Internal Investigations practice.
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Ami G. Scott has joined Schiff Hardin LLP’s Chicago office as a partner in the Finance Group from Mayer Brown in Chicago.
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