Davis Polk advised RBC Capital Markets, LLC as sole book-running manager on an SEC-registered offering of 18,860,000 shares of Class A common stock of Cumulus Media Inc. for net proceeds of approximately $89.8 million. The Class A common stock is listed on the NASDAQ Global Select Market under the symbol "CMLS." The shares include 2,460,000 shares from the exercise of the underwriters’ over-allotment option in full.
Davis Polk advised Morgan Stanley & Co. International plc and Deutsche Bank Securities Inc. as the initial purchasers for a Rule 144A offering of $172.5 million 4% convertible senior notes due 2018 by NQ Mobile Inc. The securities include $22.5 million of notes purchased by the initial purchasers pursuant to an option to purchase additional securities.
Davis Polk advised Deutsche Bank AG, Singapore Branch as the dealer manager in connection with a tender offer and consent solicitation by Winsway Coking Coal Holdings Limited for all of its US$460.5 million outstanding 8% senior notes due 2016.
Winsway Coking Coal Holdings Limited is a listed company on the Hong Kong Stock Exchange, principally engaged in supplying coking coal in China, the world’s largest and fastest-growing coking coal consuming market, and also one of the leading suppliers of imported coking coal in China.
Vienna, Austria - Global law firm Baker & McKenzie acted as a legal adviser for a banking consortium in the capital increase of AT&S Austria Technologie & Systemtechnik Aktiengesellschaft, a leading Austrian printed circuit board manufacturer. Erste Group Bank AG and Berenberg, Gossler & Co. KG acted as joint lead managers of the banking consortium.
Melbourne, Australia – Baker & McKenzie has been appointed as legal adviser to e-pay Asia Limited in relation to an off-market takeover offer by GHL Systems Berhard.
Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised Santander Global Banking and Markets and Citibank NA, as part of a consortium of commercial lenders, on the financing facility for Compañía Sud Americana de Vapores (“CSAV”), the Chilean shipping line, relating to the acquisition of seven 9,300 teu container vessels from Samsung Heavy Industries Co., Ltd in Korea.
Frankfurt; Global legal practice Norton Rose Fulbright has advised Close Brothers Seydler Bank as sole global coordinator and sole book runner on the IPO of Germany’s long-established publishing house Bastei Lübbe AG. A total of 4 million shares at an offering price of €7.50 per share could be placed, among those 3.3 million shares from a capital increase in Bastei Lübbe AG. Gross proceeds amounted to €30 million and shall be used, primarily, to further develop the digital book business.
Global legal practice, Norton Rose Fulbright has advised RBC Capital Markets and J&E Davy in their roles as joint bookrunners and underwriters on the recent US$105 million fundraising by Kenmare Resources plc (Kenmare).
The fundraising was conducted by way of a fully underwritten placing of new ordinary shares and warrants to subscribe for new ordinary shares.
Global legal practice Norton Rose Fulbright has advised The Hongkong and Shanghai Banking Corporation Limited (HSBC) as the sole manager in the disposal of shares of Want Want China Holdings (Want Want) by Uni-President China Holdings Ltd.
Uni-President China Holdings Ltd. purchased the shares of Want Want in 2008, and the disposal constitutes the block sale of 46,261,000 shares in Want Want. Following this disposal, Uni-President China Holdings Ltd. disposed all of its current holding in Want Want.
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities, LLC, BMO Capital Markets Corp. and Mitsubishi UFJ Securities (USA), Inc. as joint book-running managers in connection with an SEC-registered debt offering by IntercontinentalExchange Group, Inc., a wholly owned subsidiary of IntercontinentalExchange, Inc., of $600 million aggregate principal amount of its 2.5% senior notes due 2018 and $800 million aggregate principal amount of its 4% senior notes due 2023. IntercontinentalExchange Group, Inc.