Dickstein Shapiro Deepens Biotech Prosecution Bench; Welcomes Dr. Atulya R. Agarwal, Elan’s Former Chief IP Officer

Dickstein Shapiro LLP is pleased to announce that Atulya R. Agarwal has joined the firm’s Intellectual Property Practice as partner, effective April 1, in its Palo Alto, California office. He joins the firm from Elan Pharmaceuticals, Inc. where he was a senior vice president and served as Elan’s chief intellectual property officer. Dr. Agarwal has more than two decades of life-sciences experience, including 10-plus years as in-house IP counsel to biopharmaceutical companies. His arrival strengthens the firm’s biotechnology patent prosecution, strategy, and licensing practices in Palo Alto, and his practice will leverage his extensive industry and in-house experience to assist companies in developing IP strategies to maximize the value of their portfolios by protecting assets and products though patent counseling, prosecution, due diligence, transactions, and litigation.

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Davis Polk Advises Comcast and NBCUniversal Media in connection with Comcast’s and NBCUniversal’s $47 Billion Cross-Guarantee Structure

Davis Polk advised Comcast Corporation and NBCUniversal Media, LLC in connection with the cross-guarantee by Comcast and certain of its cable holding companies of NBCUniversal’s $11 billion of public debt securities and by NBCUniversal of Comcast’s and the cable guarantors’ $30 billion of public debt securities and Comcast’s $6.25 billion credit facility. Following Comcast’s announcement that it would acquire General Electric Company’s 49% stake in NBCUniversal and that it would include NBCUniversal in the cross-guarantee structure, Standard & Poor’s upgraded all of Comcast’s and NBCUniversal’s public debt securities from BBB+ to A- and Moody’s Investors Service upgraded Comcast’s public debt securities from Baa1 to A3 and NBCUniversal’s public debt securities from Baa2 to A3.

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Davis Polk Advises Comcast, NBCUniversal Media and NBCUniversal Enterprise on the Issuance and Sale of $4 Billion of Senior Notes and $725 Million of Preferred Stock of NBCUniversal Enterprise

Davis Polk advised Comcast Corporation, NBCUniversal Media, LLC and NBCUniversal Enterprise, Inc. in connection with the issuance and sale of $4 billion aggregate principal amount of senior notes and $725 million aggregate liquidation preference of Series A cumulative preferred stock of NBCUniversal Enterprise, Inc. The notes are guaranteed by Comcast and certain of its cable subsidiaries that guarantee Comcast’s publicly traded debt securities. The notes and the preferred stock were issued in connection with Comcast’s acquisition on March 19, 2013, of the 49% common equity interest in NBCUniversal, LLC held by General Electric Company (GE). Sales of the notes and preferred stock were made in separate private placements pursuant to Rule 144A.

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Davis Polk Advises Westar Energy, Inc. on $250 Million First-Mortgage Bond Offering

Davis Polk advised Westar Energy, Inc. in connection with its SEC-registered offering of $250 million in aggregate principal amount of 4.10% first-mortgage bonds due 2043. The joint book-running managers were BNY Mellon Capital Markets, LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

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