Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated as representative of the initial purchasers on a Rule 144A/Regulation S offering by Continental Resources, Inc. of $1.2 billion aggregate principal amount of 5% senior notes due 2022.
Tags: Davis Polk & Wardwell LLP | New YorkDavis Polk advised El Paso Electric Company in connection with the issuance of an aggregate of $82.5 million of pollution control refunding revenue bonds. One series of $33.3 million was issued by the City of Farmington, New Mexico, relating to the Four Corners Generating Station, a coal-fired steam electric power plant in San Juan County, New Mexico. The other series of $59.235 million was issued by the Maricopa County, Arizona Pollution Control Corporation and related to the Palo Verde Nuclear Generating Station near Phoenix, Arizona. The City of Farmington bonds bear interest at 1.875% and mature in 2032 and are being remarketed by U.S. Bancorp Investments, Inc. The Maricopa County, Arizona Pollution Control Corporation bonds bear interest at 4.5% and mature in 2042 and are being underwritten by U.S. Bancorp Investments, Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Tags: Davis Polk & Wardwell LLP
Shearman & Sterling represented J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC as representatives of the initial purchasers in connection with Broadcom Corporation’s offering of $500 million of its 2.500% Senior Notes due 2022. Broadcom Corporation is a California-based company that develops semiconductors for wired and wireless communications
Tags: Shearman & Sterling LLP | New YorkShearman & Sterling advised LMA International N.V. (LMA), a Curaçao limited liability company listed on the Singapore Exchange, on its acquisition by Teleflex Incorporated in a transaction valued at approximately $276 million. The transaction is expected to close in the fourth quarter of 2012 and remains subject to shareholder and regulatory approvals, as well as other customary closing conditions.
Tags: Shearman & Sterling LLP | New YorkWith a continued move towards expanding its geographic footprint, Richardson & Patel LLP announced today that it has opened an office in Orange County under the leadership of Partner Addison Adams
Stoel Rives LLP, a leading U.S. business law firm, is pleased to announce that Renea Saade has joined its Anchorage office as a partner in the firm’s Labor & Employment group. Renea has more than a decade of experience counseling clients on labor and employment issues. She assists clients on a broad range of employment matters including noncompetition/nonsolicitation enforcement, wrongful termination, requests for accommodation, workplace investigations and discipline.
Tags: Stoel Rives LLP
Tesoro Corp. will spend $2.5 billion to purchase a Southern California refinery and more than 800 gas stations in California, Nevada and Arizona. In addition, Tesoro will also acquire the ARCO brand.
Tags: Pillsbury Winthrop Shaw Pittman LLP | Houston
Cahill represented Deutsche Bank Securities, Citigroup, Wells Fargo Securities, Credit Suisse, HSBC, and SunTrust Robinson Humphrey as joint book-running managers and the co-managers in the Rule 144A/Reg S offering of $1,300,000,000 6 3/4% Senior Secured Notes due 2020 by First Data Corporation. Proceeds from the offering will be used to prepay term loans under the company’s senior secured credit facilities.
Tags: Cahill Gordon & Reindel LLP | New York
Simpson Thacher is representing Getty Images, Inc. and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Getty Images’ pending acquisition by entities controlled by The Carlyle Group (NASDAQ: CG) and Getty Images management for $3.3 billion. Carlyle will acquire a controlling stake in Getty Images, while Getty Images Co-Founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction.
Tags: Simpson Thacher & Bartlett LLP
Perkins Coie has announced the recruitment of Randy A. Bridgeman to the firm’s corporate practice in Chicago. Formerly the corporate practice head at K&L Gates, Mr. Bridgeman has gained significant private equity and finance experience throughout his career.
Tags: Perkins Coie LLP