The Firm recently represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, as initial purchaser, in connection with a US$250 million inaugural international bond offering of 4.375% Senior Notes due 2018 by Tanner Servicios Financieros S.A. The bonds were offered and sold pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933.

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Paul Hastings, a leading global law firm, announced today that the firm represented Brookfield Investment Management Inc. in connection with the completion of a $420 million common stock offering for the Brookfield Mortgage Opportunity Income Fund Inc., a newly-organized, diversified closed-end management investment company that seeks to capitalize on the recovery in the U.S. residential and commercial real estate markets by investing primarily in a portfolio of mortgage-related investments.

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Simpson Thacher represented J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, in offerings by United States Steel Corporation of (i) $275 million aggregate principal amount of 6.875% Senior Notes due 2021 and (ii) $316.25 million aggregate principal amount of 2.75% Senior Convertible Notes due 2019 (including $41.25 million aggregate principal amount related to the underwriters’ over-allotment option, which was exercised in full). United States Steel used the proceeds of the offerings, along with cash, to repurchase approximately $541.9 million aggregate principal amount of outstanding indebtedness.

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Milbank, Tweed, Hadley & McCloy LLP represented Barclays Capital and Deutsche Bank Securities as underwriters’ counsel in a $310 million offering by major El Salvador electricity provider AES El Salvador.

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Cahill represented the joint book-running managers and co-managers in connection with the Rule 144A offering of $350,000,000 aggregate principal amount of 6.25% Senior Notes due 2021 by Western Refining.

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Simpson Thacher recently represented The Carlyle Group in connection with its second bond issuance. Carlyle Holdings II Finance L.L.C., an indirect finance subsidiary of The Carlyle Group L.P., issued and sold $400,000,000 aggregate principal amount of its 5.625% Senior Notes due 2043 guaranteed by The Carlyle Group L.P., Carlyle Holdings I L.P., Carlyle Holdings II L.P. and Carlyle Holdings III L.P. Carlyle intends to use the net proceeds from the sale of the notes to repay outstanding indebtedness under the term loan of its senior credit facility.

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Global law firm Proskauer is representing American Realty Capital Properties in a $9.7 billion offer for Cole Credit Property Trust III in a deal that would create the country’s largest publicly traded net-lease real estate investment trust (REIT).

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Akin Gump Strauss Hauer & Feld LLP advised FirstEnergy Corp. with respect to the cash tender offers for two series of notes of its subsidiary, FirstEnergy Solutions Corp., and two series of notes of its subsidiary, Allegheny Energy Supply Company, LLC. The tender offers for three of the aforementioned series settled on March 14, and the tender offer for the fourth series settled today.

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Davis Polk is advising Tele2 AB on the sale of its Russian operations to VTB Group in a cash transaction comprising $2.4 billion in equity value and $1.15 billion in net debt.

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Davis Polk advised underwriters represented by Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner and Smith Incorporated and Wells Fargo Securities, LLC in connection with an offering by The Hanover Insurance Group, Inc. of $175 million principal amount of its 6.35% subordinated debentures due 2053.

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