Cravath represented Lazard in connection with its US$500 million registered offering of senior notes due 2020. Lazard is one of the world’s preeminent financial advisory and asset management firms.
In addition, Cravath represented Lazard in connection with its related debt tender offer.
Cravath represented the initial purchasers, Citigroup, BofA Merrill Lynch, Morgan Stanley, Credit Suisse, Jefferies, and J.P. Morgan Securities, in connection with the US$640 million 144A/Reg. S high-yield senior debt offering of Level 3 Financing, Inc., guaranteed by Level 3 Communications, Inc., a facilities-based provider of a broad range of integrated communications systems.
The Cravath team included partner Andrew J. Pitts and associates Isaac C. Beerman and Eric M. Wasserstrum. Juliana Lacreta Gobbi and Michael W. Young also worked on this matter.
Cravath represented the underwriters, led by Goldman, Sachs & Co., J.P. Morgan Securities, Morgan Stanley and Wells Fargo Securities, in connection with the US$2 billion registered senior debt offering of The Mosaic Company, the world’s leading producer and marketer of concentrated phosphate and potash crop nutrients.
The Cravath team included partner William V. Fogg, senior attorney Daniel A. O’Shea and associates Katerina M. Novak, Jennifer L. Tanaka and Paul L. Sandler on corporate matters and associate Stephen R. Severo on tax matters.
Cravath represented the underwriters, led by Credit Suisse, in connection with the US$424 million registered common stock offering of Gulfport Energy Corporation, an independent oil and natural gas exploration and production company. The shares were listed on the NASDAQ Global Select Market.
The Cravath team included partner William J. Whelan III and associate Bomi Lee on corporate matters; partner Andrew W. Needham on tax matters; and partner Matthew Morreale on environmental matters. Steven Wu and Sara L. Lykken also worked on corporate and tax matters, respectively.
Cravath represented the underwriters, led by J.P. Morgan Securities, BofA Merrill Lynch, Barclays, Citigroup and RBC Capital Markets, in connection with the US$200 million registered high-yield senior debt offering of American Axle & Manufacturing, Inc., a tier-one supplier to the automotive industry.
The Cravath team included partner Stephen L. Burns and associates R. Kirkie Maswoswe and Jennifer L. Tanaka. Matthew M. Kelly also worked on this matter.
Bennu Oil & Gas has completed its approximately $700 million acquisition of all the Gulf of Mexico oil and gas assets of ATP Oil & Gas Corporation. The transaction was effected pursuant to a “credit bid” under section 363 of the Bankruptcy Code. Bennu was formed by the lenders under ATP’s debtor-in-possession (DIP) credit facility to effect the acquisition.
Cravath represented the underwriters, led by J.P. Morgan Securities and Citigroup, in connection with the US$270 million initial public offering of Surgical Care Affiliates, Inc., a leading national provider of solutions to physicians, health systems and payors to optimize surgical care. Surgical Care Affiliates is a portfolio company of private equity sponsor TPG Capital, L.P. The shares were listed on the NASDAQ Stock Market.
Slaughter and May, working as a team with Uría Menéndez, advised Caixa d'Estalvis I Pensions de Barcelona "la Caixa" on its issue of EUR750 million 1% unsecured bonds due 2017 exchangeable at the option of the holders for ordinary shares of CaixaBank, S.A.
Goldman Sachs International, Morgan Stanley & Co. International plc and UBS Limited acted as Joint Bookrunners. Application will be made for the bonds to be admitted to listing and trading on a recognised national or international organised secondary market within the EU.
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Ashurst has advised BayernLB and Commerzbank AG on the financing of the acquisition of the Schülerhilfe group by private equity firm Deutsche Beteiligungs AG (DBAG). The seller is Paragon Partners.
The Ashurst team was led by finance partner Dr Bernd Egbers. He was supported by senior associate Carsten Endres, associate Thomas Freund and paralegal Anna Zoth (all Munich). Frankfurt-based partner Heiko Penndorf advised on tax aspects of the financing.
Eversheds has recently advised the BOCI Asia Limited, as the sole placing agent, on a top-up placing of existing shares of China Singyes Solar Technologies Holdings Limited held by Strong Eagle Holdings Ltd. at an aggregate placing price valued HK$324 million.