Cravath – RTI International Metals’s Convertible Senior Debt Offering

Cravath represented the underwriters, led by Barclays and Citigroup, in connection with the US$350 million registered convertible senior debt offering of RTI International Metals, Inc., a leading producer and global supplier of titanium mill products and a manufacturer of fabricated titanium and specialty metal components. The transaction closed on April 17, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Simpson Thacher Represents the Underwriters in $150 Million Preferred Stock Offering by Texas Capital Bancshares, Inc.

The Firm represented the underwriters, led by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and J.P. Morgan Securities LLC, as joint book-running managers, in connection with a public offering of 6,000,000 shares of 6.50% Non-Cumulative Perpetual Preferred Stock, Series A, $0.01 par value per share, with a liquidation preference of $25 per share, of Texas Capital Bancshares, Inc. (“TCBI”). The offering closed on March 28, 2013.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Silver Lake in Establishing Silver Lake Partners IV, L.P., the Largest Ever Technology-Focused Private Equity Fund

Simpson Thacher represented Silver Lake in the establishment of Silver Lake Partners IV, L.P. (the “Fund”). The Fund accepted limited partner capital commitments up to its cap of $10 billion, surpassing its fundraising target of $7.5 billion. Silver Lake reported that, in aggregate with the general partner and affiliates, the $10.3 billion in total commitments for Silver Lake Partners IV is the largest amount ever raised for a technology investment-focused private equity fund.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents Bank of America, N.A. and the Joint Lead Arrangers in Connection with Acquisition Financing for ARRIS Group, Inc.’s Acquisition of the Motorola Home Business from a Subsidiary of Google Inc.

Simpson Thacher recently represented Bank of America, N.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated and the other Joint Lead Arrangers in connection with a $2.175 billion Credit Agreement in connection with the acquisition by ARRIS Group, Inc. of the Motorola Home Business from a Subsidiary of Google Inc. ARRIS paid Google approximately $2.2 billion in cash and issued Google 10.6 million shares of ARRIS common stock in connection with the transaction. The cash portion of the consideration was funded through syndicated debt financing and the sale by ARRIS of 10.6 million ARRIS shares to Comcast Corporation. As a result of these securities transactions, Google and Comcast each hold approximately 7.7% of ARRIS’s currently outstanding shares. ARRIS is a video and broadband technology company.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Simpson Thacher Represents J.P. Morgan and Barclays in $12.5 Billion Bridge Financing to Thermo Fisher Scientific in Connection with Thermo Fisher’s Acquisition of Life Technologies

The Firm is representing J.P. Morgan Securities LLC and Barclays Bank PLC in connection with $12.5 billion in bridge financing to Thermo Fisher Scientific Inc. in its announced acquisition of Life Technologies Corporation. The proceeds of the bridge facility will be available to finance the acquisition, to repay certain indebtedness of Life Technologies and to pay fees and expenses related thereto.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Davis Polk – Synergy Pharmaceuticals Inc. Common Stock Offering

Davis Polk advised Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and Canaccord Genuity Inc. as joint book-running managers and representatives of the underwriters of an approximately $90 million SEC-registered offering of 16,375,000 shares of common stock of Synergy Pharmaceuticals Inc. Cantor Fitzgerald & Co. acted as co-manager of the offering. The common stock is listed on the Nasdaq Global Market under the symbol “SGYP.”

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Tags:  Davis Polk & Wardwell LLP | New York

Davis Polk – Chimerix, Inc. Initial Public Offering

Davis Polk advised Morgan Stanley & Co. LLC and Cowen and Company, LLC as joint book-running managers of the several underwriters in connection with the $117.85 million initial public offering of 8,418,000 shares of common stock of Chimerix, Inc., which included 1,098,000 shares from the exercise of the underwriters’ over-allotment option in full. The common stock is listed on the Nasdaq Global Market under the symbol “CMRX.”

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Tags:  Davis Polk & Wardwell LLP | New York

Day Pitney Real Estate Department Adds Partner Jeffrey Held

Day Pitney is pleased to announce that Jeffrey S. Held has joined the firm as partner in the Real Estate, Environmental and Land Use department. A real estate transactions veteran, Mr. Held has been involved in numerous stand-alone real estate transactions and provided real estate guidance in significant corporate and financing transactions. He will be based in Day Pitney’s New York office.

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Tags:  Day Pitney LLP | New York