Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and PNC Capital Markets LLC as joint book-running managers of an SEC-registered offering by Westinghouse Air Brake Technologies Corporation (Wabtec) of $250 million aggregate principal amount of 4.375% senior notes due 2023.
Davis Polk advised Barclays Capital Inc., Goldman, Sachs & Co. and J.P. Morgan Securities LLC as joint bookrunners on an SEC-registered offering by Genworth Holdings, Inc. of $400 million principal amount of its 4.9% senior notes due 2023, guaranteed by its parent, Genworth Financial, Inc.
Headquartered in Richmond, Virginia, Genworth is a leading financial services company dedicated to providing insurance, investment and financial solutions to our customers, with a presence in more than 25 countries.
The Hong Kong office of the Firm represented the underwriters, led by Citibank Global Markets Limited, Standard Chartered Bank and Morgan Stanley Services Pty Limited, in the offering of US$250 million principal amount of Zero Coupon Convertible Bonds (the “Bonds”) by Epistar Corporation (“Epistar”). Epistar is one of the leading manufacturers of epi wafers and chips for high brightness LED in the world. Common shares of Epistar are traded on the Taiwan Stock Exchange under the trading code “2448”.
Squire Sanders has advised Houston-based Cardtronics, Inc., on the acquisition of Cardpoint Services, Ltd., which trades as leading independent Automated Teller Machine (ATM) services provider Cashzone in the UK, and as Cardpoint in Germany.
Listed on NASDAQ with a market capitalization of $1.2 billion, Cardtronics is the world’s largest non-bank ATM operator. The company has substantial operations in North America, and an estate of 4,300 non-bank cash machines in the UK.
Latham & Watkins advised the Joint Lead Managers, BNP Paribas, Citibank, HSBC, Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered Bank, the Co-Manager, Mizuho Securities, and Bond Trustee, Citibank, on Ruwais Power Company’s issuance of US$825 million Senior Secured 6.0% Bonds due 2036. The issuance closed on 6 August 2013 and was very well-received by investors.
Cravath represented the initial purchasers, led by Wells Fargo Securities, BofA Merrill Lynch and J.P. Morgan Securities, in connection with the US$425 million 144A/Reg. S high-yield senior secured debt offering of LSB Industries, Inc., a diversified industrial company involved in the manufacturing and marketing of products related to chemical and climate control. The transaction closed on August 7, 2013.
Hong Kong, New York, August 7, 2013 ... Global law firm White & Case LLP has advised Wing Lung Bank Ltd and Cathay United Bank on a US$50 million financing for the privatization of NYSE-listed Feihe International, one of the biggest producers of premium infant milk formula, milk powder, soybean, rice and walnut products in China.
Davis Polk advised Morgan Stanley & Co. LLC as representative of the underwriters in connection with the $140 million SEC-registered initial public offering of 10,000,000 shares of common stock of Ardmore Shipping Corporation The shares are listed on the New York Stock Exchange under the symbol “ASC.”
Davis Polk advised Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC as joint book-running managers and representatives of the underwriters in connection with the $382.95 million initial public offering of 21,275,000 shares of common stock of Sprouts Farmers Market, Inc., of which 20,477,215 shares were issued and sold by the Company and 797,785 shares were sold by selling shareholders. The shares include 2,775,000 shares issued and sold by the Company from the full exercise of the underwriters’ over-allotment option.
Allen & Overy has advised on the landmark creation of the Abu Dhabi Global Market (the Global Market), Abu Dhabi’s first Financial Free Zone, which aims to be a leading global financial market and a major regional financial centre.
The Global Market has been designed to form a strategic link between financial markets across the globe, taking advantage of the time zone benefits offered by its geographic location.