Olympique Lyonnais Groupe announced the launch of an offering, with shareholders’ preferential subscription rights, of subordinated mandatory convertible bonds into new and/or existing shares (OSRANE) for a total nominal amount of €80,250,200, for which subscription is fully underwritten by Pathé and ICMI, its two reference shareholders.

The OSRANE will be redeemed on July 1st, 2023. The subscription period has begun since August 1, 2013 and will run to the close of trading on August 14, 2013. The listing of the OSRANE on Euronext Paris is expected on August 27, 2013.

Shearman & Sterling represented Goldman Sachs Bank USA and Jefferies Finance LLC, as mandated lead arrangers, in connection with the financing of TPG Capital's acquisition of TSL Education, a digital education business. The financing consisted of senior secured term facilities and a revolving credit facility.

Shearman & Sterling represented Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, UBS Securities LLC and Wells Fargo Securities, LLC, as joint book-running managers, in connection with Dana Holding Corporation’s registered public offering of $450 million aggregate principal amount of 5.375% Senior Notes due 2021 and $300 million aggregate principal amount of 6.000% Senior Notes due 2023.

Shearman & Sterling represented Morgan Stanley & Co. LLC as the sole book-running manager in connection with the Rule 144A/Regulation S offering of $500 million aggregate principal amount of 5.250% Senior Notes due 2018 and $400 million aggregate principal amount of 5.875% Senior Notes due 2021 of Sun Merger Sub, Inc., to be merged with and into Smithfield Foods, Inc.

DLA Piper has advised Staalbankiers in a dispute over Lehman notes. On 25 June 2013 the Court of Appeals in The Hague dismissed claims from former accountholders for Lehman notes which had apparently lost all value.

Davis Polk advised Goldman Sachs Bank USA as lead arranger, bookrunner and syndication agent in connection with the refinancing of Hologic, Inc.’s existing tranche B term loan facility with $1.49 billion in new tranche B term loans, which, along with its $975 million tranche A term loan facility and $300 million revolving credit facility, both of which were refinanced in March 2013, had been originally borrowed in August 2012.

Shearman & Sterling acted as US and Italian law counsel to J.P. Morgan, UniCredit, Banca IMI and Mediobanca in the high yield bond issue of Manutencoop Facility Management for a total amount of €425 million, and to JPMorgan Chase, Cassa di Risparmio in Bologna, Mediobanca and UniCredit as lenders in the related €30 million Super Senior Revolving Credit Facility.

The Firm represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A offering by Gannett Co., Inc. of $600 million of 5.125% Senior Notes due 2020.

Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company, with a portfolio that includes USA TODAY and CareerBuilder.

The Simpson Thacher team for the transaction included Rhett Brandon, Katerina Kousoula, Kyle Scherer (Corporate); Jon Cantor and Drew Purcell (Tax); and Jennie Getsin (Blue Sky).

Simpson Thacher represented a finance subsidiary of Travelex in connection with a Rule 144A and Regulation S offering of £200 million aggregate principal amount of its 8% Senior Secured Notes due 2018 and £150 million aggregate principal amount of its Senior Secured Floating Rate Notes due 2018. Additionally Simpson Thacher represented a subsidiary of Travelex in connection with its entry into a new £90 million Revolving Credit Facility. The transaction closed on August 1, 2013. Travelex used the net proceeds from this offering to refinance outstanding indebtedness.

Leading international law firm Freshfields Bruckhaus Deringer is advising Barclays Bank plc as global co-ordinator, Credit Suisse as sponsor, Credit Suisse, Deutsche Bank, Citigroup and Bank of America Merrill Lynch as joint bookrunners and underwriters on Barclays plc's proposed rights issue to raise approximately £5.95 billion.