Chadbourne & Parke represented LS Power in connection with the construction financing of its 170-megawatt Centinela Solar Energy Project, a crystalline silicon photovoltaic solar project located on more than 1,600 acres of land near El Centro, California.

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The international law firm Greenberg Traurig LLP represented RLJ Acquisition, Inc., a special purpose acquisition corporation (SPAC) sponsored by Robert Johnson, the founder of Black Entertainment Television (BET), in a transaction that closed Wednesday, October 3, to acquire two film distribution companies: Image Entertainment, Inc. and Acorn Media Group, Inc. The combined companies will operate as “RLJ Entertainment, Inc.” It is expected that the shares of RLJ Entertainment common stock will trade on the Nasdaq Capital Market. The deal will combine two major home entertainment movie libraries. Image has the exclusive rights to 3,700 DVD titles, including the Criterion Collection, and the digital download rights for 2,200 video programs. Acorn Media has the rights to many British television programs and films.

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Davis Polk is advising Mitsubishi UFJ Lease & Finance Company Limited (MUL) in connection with its approximately ¥100 billion ($1.3 billion) acquisition of all of the equity of JSA International Holdings, L.P. (d/b/a Jackson Square Aviation) from a group of funds affiliated with Oaktree Capital Management, L.P. and certain management sellers. Jackson Square Aviation (JSA) is one of the world’s leading commercial aircraft lessors, with a fleet of 76 next-generation aircraft valued in excess of $4 billion. The transaction is expected to close by the end of 2012, pending regulatory approvals.

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Davis Polk advised Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC as the initial purchasers in a Rule 144A/Regulation S offering by K. Hovnanian Enterprises, Inc., a wholly owned subsidiary of Hovnanian Enterprises, Inc., of $577 million aggregate principal amount of 7.25% senior secured first-lien notes due 2020 and $220 million aggregate principal amount of 9.125% senior secured second-lien notes due 2020. The notes are guaranteed on a senior secured basis by Hovnanian and certain of its subsidiaries. Concurrently, Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC as joint book-running managers in connection with the SEC-registered offering of $100 million aggregate stated amount of 6% exchangeable note units by K. Hovnanian (including $10 million aggregate stated amount from the full exercise of the underwriters’ over-allotment option). Each unit consists of a zero coupon exchangeable note and an amortizing note, each of which is issued by K. Hovnanian and is guaranteed on a senior unsecured basis by Hovnanian and certain of its subsidiaries.

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Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp., Credit Agricole Securities (USA) Inc., RBS Securities Inc. and Scotia Capital (USA) Inc. as joint book-running managers on a Rule 144A/Regulation S offering by PDC Energy of $500 million aggregate principal amount of its 7.75% senior notes due 2022.

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Davis Polk advised Grupo Financiero Santander México, S.A.B. de C.V. in connection with Grupo Financiero Santander México’s $4.1 billion global offering. The global offering included a $3.3 billion SEC-registered initial public offering of 39,750,000 shares of Series B common stock and 265,963,200 ADSs, each representing five Series B shares. The ADSs include 35,681,039 ADSs purchased pursuant to the international underwriters’ over-allotment option. The Series B shares were listed on the Mexican Stock Exchange under the symbol “SANMEX” and the ADSs were listed on the New York Stock Exchange under the symbol “BSMX.” The global coordinators of the international offering were Santander Investment Securities Inc., UBS Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated. The offering was the second-largest registered initial public offering in the United States so far this year.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Morgan Stanley Senior Funding, Inc. as administrative agent in connection with a $1.31 billion term loan and UBS AG, Stamford Branch as administrative agent in connection with a $225 million asset-based revolving credit facility, and Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc., Goldman Sachs Bank USA, UBS Securities LLC, Barclays Bank PLC, Jefferies Finance LLC and Royal Bank of Canada as arrangers in connection with such credit facilities, the proceeds of which at closing were used to partially finance the acquisition of AOT Bedding Super Holdings, LLC, the parent company of Serta mattress manufacturer National Bedding Company L.L.C. and Simmons mattress manufacturer Simmons Bedding Company, by Advent International Corporation.

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