On January 10, Willkie client The Allstate Corporation closed its $500 million offering of 5.100% Fixed-to-Floating Rate Subordinated Debentures due 2053. J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Merrill Lynch, Pierce, Fenner & Smith Incorporated served as joint book-running managers for the offering. The Subordinated Debentures received partial equity credit according to the rating agencies’ hybrid methodology.

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McKenna Long & Aldridge LLP (MLA) is pleased to announce that Richard “Dick” L. Sigal has joined the firm’s Public Finance group as a Partner. He will work out of the firm’s New York City office.

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SRZ advised Cerberus Capital Management LP as the lead investor in a consortium’s $3.3 billion acquisition from SUPERVALU INC. of its Albertsons, Acme, Jewel-Osco, Shaw’s and related Osco and Sav-on in-store pharmacies (the “Banners”). SUPERVALU, a publicly-traded company, is one of the largest U.S. grocery businesses.

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Kaye Scholer recently represented Bank of America, N.A., as administrative agent, and J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as joint lead arrangers and joint bookrunners, in an unsecured revolving credit facility of $2.5 billion and an unsecured term loan facility of $750 million for ERP Operating Limited Partnership, the multifamily residential property business of Equity Residential. Equity Residential focuses on the acquisition, development and management of premium apartment properties in growing North American markets. These facilities will help Equity Residential position itself for the closing of the Archstone acquisition in the first quarter of 2013.

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets, BMO Capital Markets and Jefferies Finance LLC, as Joint Lead Arrangers and Joint Bookrunners, and Royal Bank of Canada, as Administrative Agent, in connection with the financing for Ontario Teachers’ Pension Plan’s acquisition of Heartland Dental Care. The financing consisted of $750,000,000 in first lien and second lien senior secured credit facilities.

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Paul Hastings LLP, a leading global law firm, represented RBC Capital Markets and Barclays Bank PLC, as Joint Lead Arrangers and Joint Bookrunners, Royal Bank of Canada, as U.S. Administrative Agent, and RBC Europe Limited, as European Administrative Agent, in connection with the financing for Sequa Corporation’s sale of its automotive unit to The Jordan Company, a New York-based private equity firm. The financing consisted of $275,000,000 in U.S. and European senior secured credit facilities.

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Simpson Thacher represented Northwood Investors LLC (“Northwood”) in its third offering of interests in Northwood Real Estate Partners LP and its related funds, which are private equity funds focused on investing in a wide range of real estate assets worldwide. The funds closed on $500 million of capital commitments during a 90-day period that ended in December 2012, bringing total capital commitments raised to approximately $2.8 billion. The funds’ capital commitments may grow over time as the result of a unique evergreen feature that allows the funds to reinvest investment proceeds, subject to certain limitations.

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National law firm Nelson Levine de Luca & Hamilton (Nelson Levine) announced today that Lawrence H. Mirel will join the firm’s Washington, DC office as a partner in the Insurance Regulation Practice on February 1, 2013, and Marc S. Voses has joined the firm’s New York office as a partner in the Insurance Coverage Practice.

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Shearman & Sterling is advising Ardagh Group on the financing and antitrust aspects of its $1.7 billion agreement to buy Verallia North America from Compagnie de Saint-Gobain. Ardagh will raise $1.45 billion in high yield bonds in both dollars and euros to finance the acquisition.

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DLA Piper announced today that Joseph Philip Forte has joined the firm’s Real Estate practice as a partner in New York.

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