Completing an active two-week run of major corporate finance and capital markets activity, Milbank, Tweed, Hadley & McCloy has advised on transactions totaling approximately $1.6 billion for its financial institution clients. Included were two large high-yield offerings, an investment grade offering, and a concurrent leveraged loan transaction.
Tags: Milbank LLP | New YorkSimpson Thacher Represents JPMorgan Chase & Co. in $850 Million Preferred Stock Offering
The Firm represented JPMorgan Chase & Co. in connection with a public offering of 34,000,000 Depositary Shares, equivalent to $850 million in aggregate amount, each Depositary Share representing a 1/400th interest in a share of perpetual 5.45% Non-Cumulative Preferred Stock, Series P, of JPMorgan Chase & Co. The underwriters have the right to purchase up to an additional 5,100,000 Depositary Shares at the public offering price within 30 days. The offering closed on February 5, 2013.
Tags: Simpson Thacher & Bartlett LLP | New YorkSimpson Thacher Represents First Data in Refinancing
Simpson Thacher represented First Data Corporation (“First Data”) in connection with its Rule 144A and Regulation S offering of $785 million aggregate principal amount of 11.25% Senior Notes due 2021. Simpson Thacher also represented First Data in connection with its borrowing of $258 million in aggregate principal amount of incremental term loans due 2018.
Tags: Simpson Thacher & Bartlett LLP | New YorkFoley Adds Experienced Sports Labor Attorney Jonathan Israel
Foley announced today that labor and employment attorney Jonathan L. Israel has joined the firm’s Sports Industry Team and Labor & Employment Practice as a partner in the New York office.
Tags: Foley & Lardner LLP | New YorkDavis Polk Advises Comcast on Its Acquisition of General Electric’s Common Equity Stake in NBCUniversal
Davis Polk is advising Comcast Corporation on its $16.7 billion acquisition of General Electric Company’s 49% common equity stake in the NBCUniversal Media, LLC joint venture. NBCUniversal will also purchase from GE the properties used by NBCUniversal at 30 Rockefeller Plaza and CNBC’s headquarters in Englewood Cliffs, New Jersey for approximately $1.4 billion. The transaction is subject to customary closing conditions and is expected to close by the end of the first quarter of this year.
Tags: Davis Polk & Wardwell LLP | New YorkCahill Represents Initial Purchasers in $650 Million Notes Offering by Atlas Pipeline Partners
Cahill represented BofA Merrill Lynch, Wells Fargo Securities, Deutsche Bank Securities, Citigroup, and J.P. Morgan, as joint book-running managers, and the co-managers in connection with the Rule 144A offering of $650,000,000 aggregate principal amount of $5-7/8% Senior Notes due 2023 by Atlas Pipeline Partners, L.P.
Tags: Cahill Gordon & Reindel LLP | New YorkCahill Represents Initial Purchasers in $220 Million Notes Offering by Universal Hospital Services
Cahill represented Barclays, BofA Merrill Lynch and RBC Capital Markets as joint book-running managers and Wells Fargo Securities and PNC Capital Markets LLC as co-managers in connection with the Rule 144A offering of $220,000,000 aggregate principal amount of 7.625% Second Lien Senior Secured Notes due 2020 by Universal Hospital Services, Inc.
Tags: Cahill Gordon & Reindel LLP | New YorkHolland & Knight Expands Again in New York, Hires Three Top Attorneys
Holland & Knight is expanding its New York offices once again, hiring three top attorneys who will practice in key growth areas for the firm. Rob Bernstein and Walter Dunn join Holland & Knight as partners; Eric Yecies joins as senior counsel.
Tags: Holland & Knight LLP | New YorkFox Rothschild Expands Fashion Law Practice with Leonard Budow
Broadening the reach of its burgeoning fashion law practice, Fox Rothschild welcomes Leonard N. Budow as a partner in its New York office. Budow will serve as Co-chair of the firm’s Fashion Law Practice Group.
Tags: Fox Rothschild LLP | New YorkShearman & Sterling Advises Jefferies on Financing for SESAC Acquisition
Shearman & Sterling advised Jefferies Finance LLC, as administrative agent, collateral agent, sole lead arranger and sole lead bookrunner, in connection with a $360 million financing, comprised of a $250 million first lien financing and $110 million second lien financing, related to the acquisition of SESAC Holdings, Inc. by Rizvi Traverse Management.
Tags: Shearman & Sterling LLP | New York