Shearman & Sterling advised Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as joint lead arrangers and joint book runners, in connection with a $4 billion 364-day credit facility for The Procter & Gamble Company and some of its subsidiaries. The Shearman & Sterling team included partner Maura O’Sullivan (New York-Finance) and counsel Susan Hobart (New York-Finance).
Ashurst has advised the Commonwealth Bank of Australia (CBA), Morgan Stanley, Goldman Sachs, J.P Morgan, Morgans, UBS and Westpac, as the arrangers and joint lead managers, in the raising of A$2bn of Tier 1 Capital announced by CBA on 18 August 2014 (the offer).
Ashurst advised pbb Deutsche Pfandbriefbank on the financing of the acquisition and the redevelopment of a commercial real estate building complex in Munich's new 'Werksviertel'. The bank provided the buyer, a special-purpose vehicle held by Westbrook Partners Group, with a loan in an amount of up to €63 million in relation to the financing of the acquisition and the subsequent redevelopment by Fiduciary Capital GmbH as project developer. The transaction was completed in June 2014.
Simpson Thacher is representing Barclays Bank PLC in connection with $5.0 billion of committed bridge financing to Kinder Morgan, Inc. (NYSE: KMI) for its announced acquisition of (i) all of the outstanding units of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), (ii) all of the outstanding shares of Kinder Morgan Management, LLC (NYSE: KMR) and (iii) all of the outstanding units of El Paso Pipeline Partners, L.P. (NYSE: EPB), in each case not already owned by KMI.
Hogan Lovells advised Standard Chartered Securities (Hong Kong) Limited ("Standard Chartered"), as the sole bookrunner and placing agent on the sale of 26 million H shares in New China Life Insurance Company Limited ("New China Life Insurance"), raising approximately US$93.9 million.
New China Life Insurance, a company listed on the Hong Kong Stock Exchange, is engaged in the provision of life insurance and wealth management services locally and globally.
Slaughter and May advised Legal & General on the sale of eight properties from its Hyperion portfolio. The Hyperion portfolio was acquired earlier this year for £550 million and comprised 55 properties largely let to RBS or members of its group.
Clifford Chance has advised the joint global coordinators, Merrill Lynch (Singapore) Pte. Ltd., the Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and J.P. Morgan (S.E.A.) Limited, as the joint lead managers and underwriters on Oversea-Chinese Banking Corporation Limited's (OCBC) renounceable rights issue of up to 440,047,710 rights shares at an issue price of S$7.65 totalling S$3.37 billion (US$ 2.7 billion).
Clifford Chance has advised the lead managers CLSA India Limited and J. P. Morgan India Private Limited on the approximately US$100 million Regulation S / Rule 144A qualified institutions placement of 25,000,000 equity shares at Rs.245 per share of Prestige Estates Projects Limited ("Prestige"). Prestige is listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
Davis Polk advised Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC as joint book-running managers and representatives of the underwriters in connection with the $514.75 million SEC-registered secondary offering of 17,158,191 shares of common stock of Sprouts Farmers Market, Inc. The shares include 2,158,191 shares sold by the selling stockholders from the full exercise of the underwriters’ option to purchase additional shares. The common stock is listed on the NASDAQ Global Select Market under the symbol “SFM.”
Cravath represented the underwriters, led by J.P. Morgan Securities and BofA Merrill Lynch, in connection with the US$500 million registered senior debt offering of Expedia, Inc., one of the world’s largest travel companies, with an extensive brand portfolio that includes leading online travel brands, such as Expedia.com, Hotels.com and Hotwire. The transaction closed on August 18, 2014.