Shearman & Sterling advised on Sprint Corporation’s $6.5 billion high-yield bond offering—reportedly the largest-ever high-yield bond offering sold directly to investors. The firm represented J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., and RBC Capital Markets LLC as joint book-running managers; Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC as senior co-managers; and The Williams Capital Group, L.P. as co-manager. The offering consisted of $2.25 billion of 7.250% notes due 2021 and $4.25 billion of 7.875% notes due 2023.

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Davis Polk advised Citigroup Global Markets Inc. as the underwriter in connection with an SEC-registered block trade of 16,000,000 ordinary shares of LyondellBasell Industries N.V. by funds affiliated with Apollo Management Holdings, L.P. The net proceeds of the offering to Apollo were approximately $1.1 billion. The ordinary shares are listed on the New York Stock Exchange under the symbol “LYB.”

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Maria Luisa Canovas has joined the New York Officeof global law firm Jones Day as a partner in the M&A Practice. She was formerly a partner in the New York office of Hogan Lovells.

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On September 10, 2013, IBM and SYNNEX Corporation announced a definitive agreement in which SYNNEX will acquire IBM’s worldwide customer care business process outsourcing services business for $505 million, consisting of approximately $430 million in cash and $75 million in stock. Cravath represented IBM in connection with this transaction.

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Chapman and Cutler LLP is pleased to announce that Michael Friedman, Larry G. Halperin, Joon P. Hong, and Nicholas A. Whitney, formerly of Richards Kibbe & Orbe LLP, joined the firm as partners, located in the New York office.

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Cahill represented BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $750,000,000 aggregate principal amount of 4.75% Senior Guaranteed Notes due 2018 by Ally Financial Inc. Proceeds from the offering will be used to redeem certain outstanding debt securities.

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Michael A. Smith has joined Baker & McKenzie’s Corporate & Securities Practice as a partner, adding significant experience advising Canadian, US and global companies on cross-border listings, complex M&A and corporate governance matters.

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Rima Moawad, an experienced corporate lawyer with extensive background in private equity and public M&A transactions, has joined the rapidly growing New York office of AmLaw 100 firm Haynes and Boone, LLP, as a partner in the firm’s Mergers and Acquisitions Practice Group.

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Simpson Thacher represented GSO Capital Partners LP (“GSO”), the credit division of The Blackstone Group L.P. (NYSE: BX), in the establishment of its second “capital solutions” fund, GSO Capital Solutions Fund II LP (“GSO CSF II”).  GSO CSF II raised $5 billion of total capital commitments and will focus primarily on providing “rescue financing” to distressed companies primarily in North America and Western Europe.

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International law firm Reed Smith today welcomed high-profile government investigations and litigation partners Joseph P. Armao and Paul Alfieri, who join the firm’s Global Regulatory Enforcement Group in the New York office.

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