The Firm represented Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc., as dealer managers, in connection with the Rule 144A/Regulation S private exchange offer and related consent solicitations by Embraer S.A. (“Embraer”).
The Firm represented Barclays, BMO Capital Markets, Credit Suisse, CIBC, RBC Capital Markets, Morgan Stanley, HSBC Securities, J.P. Morgan and TD Securities as initial purchasers in connection with a 144A/Regulation S offering by MEG Energy Corp. (“MEG”) of $800 million of 7.0% Senior Notes due 2024. MEG intends to use the net proceeds from the offering for general corporate purposes, including funding its 2014 capital program.
Herbert Smith Freehills advised Goldman Sachs (Asia) LLC as the placing agent on a US$294 million private placement of new H-shares in Chinese railway power equipment maker Zhuzhou CSR Times Electric Company Limited.
Proceeds from the shares placement will be used to buy raw materials and machinery.
Headquartered in Zhuzhou, Hunan, Zhuzhou CSR Times engages in the research, development, design, manufacture and sale of mass transit electric driver convertor and control systems in China.
Hogan Lovells has advised CLSA Limited ("CLSA") and CITIC Securities Corporate Finance (HK) Limited ("CITIC Securities") as the joint placing agents in respect of a placement of 115 million existing shares in Trigiant Group Limited ("Trigiant") for approximately HK$362.3 million (US$46 million). In addition, the same number of new shares was issued to its controlling shareholder Trigiant Investments Limited.
Frankfurt - An international Linklaters team advised the UniCredit Bank AG, London, on the restructuring of the financing of TFL, a group specialising in speciality chemicals for the leather industry and having its seat in Weil am Rhein. In the context of this restructuring, the US investment company Black Diamond acquired the majority of shares of the international chemical group. The shares have been held in trust since 2009 after a first restructuring of the existing financing had become necessary.
Simpson Thacher recently represented RBS, Barclays, Citigroup and the other initial purchasers in connection with an offering by Continental Wind, LLC (“Continental Wind”) of an aggregate of $613 million of 6.000% Senior Secured Notes due 2033 pursuant to Rule 144A and Regulation S. The Firm also represented Crédit Agricole, RBS, Barclays and Citigroup, as joint lead arrangers, and Crédit Agricole, as administrative agent, in connection with $141 million of credit facilities, consisting of a $131 million letter of credit facility and a $10 million working cap
Shearman & Sterling represented Caixa Econômica Federal, the largest fully government-owned bank in Latin America, in connection with the issuance of US$1,250,000,000, 4.500% senior notes due 2018 under its US$5,000,000,000 medium-term note program. The notes are listed on the Luxembourg Stock Exchange. Banco Bradesco BBI S.A., BB Securities Ltd., Banco BTG Pactual S.A. – Cayman Branch, HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. acted as joint lead managers.
Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Wells Fargo Securities, LLC, RBC Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and SunTrust Robinson Humphrey, Inc., as joint bookrunning managers, and Deutsche Bank Securities Inc. and RBS Securities Inc., as co-managers, in connection with a Rule 144A/Regulation S add-on offering of $275 million aggregate principal amount of 6.875% senior notes due 2020 by Nexstar Broadcasting, Inc.
Shearman & Sterling represented BMO Capital Markets Corp., Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC as lead underwriters in connection with Bank of Montreal’s registered public offering of $1 billion aggregate principal amount of 2.375% Senior Notes due 2019 and $1.5 billion aggregate principal amount of Floating Rate Notes due 2015 under its US medium-term note program.
Shearman & Sterling advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunning managers in connection with a $5 billion term loan related to Amgen Inc.’s $10.5 billion purchase of Onyx Pharmaceuticals Inc. Concurrently, the firm also represented Bank of America, N.A. in connection with a $3.1 billion sale and repurchase agreement financing transaction related to the acquisition.