Cravath represented the underwriters, led by BofA Merrill Lynch, J.P. Morgan Securities and Morgan Stanley, in connection with the US$700 million registered debt offering of Union Pacific Corporation, owner of one of America’s leading transportation companies. The transaction closed on August 12, 2014.
The Cravath team included partner Craig F. Arcella and associate Michael S. Atamas. Summer associate Nicholas Kypriotakis also worked on this matter.
Watson, Farley & Williams (“WFW”), has advised Citibank N.A, London Branch (“Citibank”) as global coordinator and sole bookrunner and the syndicate of lenders on a US$574 million ECA-backed loan facility to Stena Atlantic Limited (“Stena”). The facility is to be used to fund the purchase of a semi-submersible mid-water drilling rig.
Ashurst has advised Credit Suisse Securities (Europe) Limited, Jefferies International Limited and J.P. Morgan Securities plc as joint bookrunners (the "Joint Bookrunners") on a block trade placing of shares in FTSE 250 Imagination Technologies Group plc (the "Company") held by Intel Capital Corporation and Intel Capital (Cayman) Corporation (together, "Intel Capital").
Ashurst advised Barclays Bank PLC, Canaccord Genuity Limited and Parva Capital Limited as the underwriters and lead managers on the initial public offering of Intelligent Energy Holdings plc ("Intelligent Energy"), an energy technology company which has developed advanced hydrogen fuel cell technologies. Intelligent Energy was admitted to the London Stock Exchange's main market for listed securities on 9 July 2014.
Herbert Smith Freehills is pleased to be advising Commonwealth Bank of Australia (CBA) on its issue of CommBank PERLS VII Capital Notes and concurrent PERLS V Reinvestment Offer to raise approximately A$2 billion (with the ability to raise more or less) (Offer) announced on 18 August 2014.
CBA is one of Australia’s leading providers of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance and investment and share broking products and services.
Wragge Lawrence Graham & Co has advised the owners of Kennet Equipment Leasing Limited on its sale to a new fund raised by leading European fund manager, STAR Capital Partners.
Kennet Equipment Leasing, one of the UK's leading equipment finance brokers to small and medium-sized enterprises, was acquired via STAR Finance Partnership vehicle - a fund established for the purpose and to consolidate the asset finance broker market.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Royal Bank of Canada, as sole lead arranger and lender, and Bank of America, N.A. and SunTrust Bank, as lenders, in connection with the refinancing of The KEYW Corporation’s existing credit facility through a replacement $42.5 million senior secured revolving credit facility. The KEYW Corporation, which provides cybersecurity and geospatial intelligence solutions to the U.S.
Shearman & Sterling advised J.P. Morgan Securities LLC, UBS Securities LLC, Goldman Sachs Bank USA, Morgan Stanley MUFG Loan Partners, LLC (acting through The Bank of Tokyo-Mitsubishi UFJ, LTD.), Morgan Stanley Senior Funding, Inc.
Allen & Overy has advised SEB in Germany on the planned transfer of 26 securities funds with a total volume of approximately EUR 2.5 bn to the Asset Servicing business unit of Hauck & Aufhäuser Privatbankiers KGaA as the new depositary. The funds comprise 14 mutual investment funds and 12 special funds of the investment management company Universal Investment. SEB now intends to focus even more on its core business with corporate and institutional clients on the German market.
Hong Kong (August 12, 2014) - Paul Hastings, a leading global law firm, announced today that the firm represented Deutsche Bank AG, Singapore Branch and Standard Chartered Bank in connection with a Rule 144A and Regulation S offering of US$350 million of 7.0% senior secured notes due 2019 by GCX Limited, a subsidiary of India’s Reliance Communications, and a leading global data communications service provider with one of the largest global subsea cable and terrestrial networks. The notes were listed on the Singapore Stock Exchange.