Davis Polk advised Goldman, Sachs & Co. as the underwriter on the SEC-registered $397.1 million secondary block trade of 11,853,276 shares of common stock of BankUnited, Inc. sold by investment funds affiliated with The Blackstone Group, The Carlyle Group, Centerbridge Partners, L.P. and WL Ross & Co. LLC. BankUnited's common stock is traded on the New York Stock Exchange under the symbol "BKU."
Cravath represented European Investment Bank in connection with its US$5 billion registered debt offering. The European Investment Bank is a long-term financing institution of the European Union. The notes were listed on the Luxembourg Stock Exchange. The transaction closed on March 5, 2014.
The Cravath team included partner Philip J. Boeckman and associates Gemma Mootoo Rajah and Giacomo Reali.
Cravath represented the underwriters, led by Morgan Stanley, BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities, in connection with the US$750 million offering of depositary shares representing preferred stock of State Street Corporation, a provider of a broad range of financial products and services to institutional investors worldwide. The shares were listed on the New York Stock Exchange. The transaction closed on March 4, 2014.
Shearman & Sterling advised Bank of America, N.A. and Goldman Sachs Bank USA, as joint lead arrangers and joint bookrunners in connection with a $1.567 billion refinancing for J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP.
Davis Polk advised J.P. Morgan Securities LLC as the sole book-running manager on the SEC-registered offering by Xilinx, Inc. of $500 million of its 2.125% senior notes due 2019 and $500 million of its 3.000% senior notes due 2021.
Headquartered in San Jose, California, Xilinx designs, develops and markets programmable devices and associated technologies, including advanced integrated circuits in the form of programmable logic devices, software design tools and predefined system functions delivered as intellectual property.
Clifford Chance has advised Malaysia Airport Holdings Berhad on the international law aspects of its placement of approximately 124 million new shares, raising approximately US$298 million (MYR980 million). CIMB, Credit Suisse (Singapore) and JP Morgan Securities (Malaysia) acted as placement agents on this transaction.
The funds raised will be used to acquire a 40% stake in Turkish airports, Istanbul Sabiha Gökçen International Airport and similar stake in LGM Havalimani Isletmeleri Ticaret Ve Turizm AS.
Paul, Weiss achieved a major victory for our client Aurora Commercial Corp., formerly known as Aurora Bank, FSB (Aurora), when the District Court of Denver County, Colorado rejected all of the claims of plaintiff Allonhill, LLC (Allonhill), and ruled in Aurora's favor on its breach of contract and fraud counterclaims against Allonhill, awarding Aurora approximately $26 million, plus interest.
Davis Polk is advising J.P. Morgan Securities LLC and Bank of America Merrill Lynch as financial advisers to The Men’s Wearhouse, Inc. in connection with its definitive agreement to acquire Jos. A. Bank Clothiers, Inc. for $65.00 per share in cash, or total consideration of $1.8 billion. The transaction, which is expected to close by the third quarter of 2014, is subject to satisfaction of customary closing conditions.
Wetherby-headquartered waste management group Augean has today completed a £15 million refinancing, backed by HSBC’s Yorkshire Corporate team in Leeds and advised on by law firm Irwin Mitchell.
The increased level of funding enables Augean to drive organic growth by expanding their range of services and capabilities targeted at the oil and gas industry, as well as nuclear waste market. The deal was led on behalf of HSBC by Senior Corporate Banking Manager Wayne Shadlock.
Mayer Brown, a leading global law firm, represented J.P. Morgan Securities LLC and the several initial purchasers in connection with the offering and issuance by Oshkosh Corporation of $250 million aggregate principal amount of its 5.375% senior notes due 2022. Oshkosh Corporation is a leading designer, manufacturer and marketer of a broad range of specialty access equipment, commercial, fire & emergency and military vehicles and vehicle bodies.