Jones Day advised BMO Capital Markets as lead arranger, administrative agent, and collateral agent in connection with a syndicated term loan and revolving credit facility for National Surgical Hospitals, Inc., an owner, operator, and developer of surgical hospitals and surgery centers in partnership with local physicians.

For additional information about this matter, please contact: I. Lewis H. Grimm

Client(s): BMO Capital Markets
Practice(s): Banking & Finance
Office(s): Boston, New York

Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. and U.S. Bancorp Investments, Inc. as representatives of the several underwriters in connection with an SEC-registered offering by The Travelers Companies, Inc. of $500 million aggregate principal amount of 4.6% senior notes due 2043.

Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. as underwriters in connection with an SEC-registered offering of $1.25 billion aggregate principal amount of 8.5% notes due 2020 by AngloGold Ashanti Holdings plc, fully and unconditionally guaranteed by AngloGold Ashanti Limited (AngloGold Ashanti).

Davis Polk advised underwriters represented by Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC in connection with a public offering by International Business Machines Corporation of $1.5 billion principal amount of its 3.375% notes due 2023 and $650 million principal amount of its floating rate notes due 2015.

Bucharest, London, Milan,... Global law firm White & Case LLP has advised Raiffeisen Bank Romania on the issue of its three-year senior unsecured RON-denominated corporate bonds.

The RON 225 million (approximately €50 million) issue is one of the most important private placements carried out in Romania in recent years, with the early closure after just one day emphasising the interest of local investors in products of this type. The bonds were listed on Tier III of the Bucharest Stock Exchange from August 1, 2013.

Paul Hastings LLP, a leading global law firm, announced today that the firm advised the banks in connection with the financing of private equity firm KKR’s $3.9 billion acquisition of Gardner Denver, Inc., a worldwide manufacturer of highly engineered products.

Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised the lenders on the financing of a 738-passenger luxury cruise ship, which is under construction at Fincantieri shipyard in Italy.

WFW advised Crédit Agricole CIB and the group of Joint Mandated Lead Arrangers and Lenders they put together, Société Générale, HSBC and KfW IPEX on the financing, which was completed on July 31, 2013. The financing also benefits from support by the Italian export credit agency SACE S.pA.

Milbank, Tweed, Hadley & McCloy has represented JP Morgan and Scotiabank as underwriters of a $300 million offering by leading Chilean transmission company Transelec S.A., whose more than 5,100 miles (8,239 km) of high-voltage transmission lines serve approximately 98% of Chile’s population.

The 4.625% notes mature in 2023. New York-based Securities partner Carlos Albarracín led the Milbank team, which also included associates Matthew Squires, Pablo Echeverri, and Gabriella Britto, and international attorney María Camila Bagés Mesa.

The Land of Montout, 100% subsidiary of Olympique Lyonnais Groupe (OL Group) has completed the financing for the construction of the new stadium of Olympique Lyonnais.

This funding includes an equity financing of € 135 million, bond financing of € 112 million (signed by an entity of the Vinci group for an amount of € 80 million and the Caisse des Dépôts et Consignations for an amount of € 32 million) , a senior bank financing of € 146.5 million and finance leases of € 8.231 million.

The Birmingham office of Irwin Mitchell has advised ABN AMRO as in-coming funders on the multi-million pound acquisition of Coventry-based automotive supplier, Covpress, by Shandong Yongtai and Shropshire-based TIA (GB) Treadsetters Ltd.

Covpress, which has a turnover of £67m and employs over 450 people at its plant in Canley, is one of the oldest manufacturing firms in the world.  In addition to producing body panels for clients including Jaguar Land Rover, Nissan and Renault, Covpress is also a major supplier of the new generation of gas meters for the European market.