Slaughter and May advised Santander UK plc on the issuance of US$1.5 billion 5.000 per cent. Fixed Rate Subordinated Notes due 2023 (the 'Notes'), which are capable of qualifying as Tier 2 capital for regulatory capital purposes. The Notes were listed on the Main Securities Market of the Irish Stock Exchange.

The joint lead managers were Barclays Capital Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Santander Investment Securities Inc.

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NEW YORK, November 8, 2013 – Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnold Peinado, acted as special New York counsel to Morgan Stanley and Credit Suisse in connection with a $300 million offering of 6% notes due 2020 by United Continental Holdings, Inc. (“UAL”), which notes are guaranteed by United Airlines, Inc.

UAL expects to use the proceeds of the notes for general corporate purposes.  The notes were offered pursuant to UAL’s shelf registration statement.

Allen & Overy LLP has advised the Asklepios Clinics GmbH in connection with a promissory note in the amount of 300 million euros. In doing so, the hospital group has successfully completed one of the largest bond issues in Germany this year. Allen & Overy had already provided legal advice to Asklepios completing a mid-year syndicated loan of 325 million euros.

Allen & Overy partner Dr Neil George Weiand and associate Dr. Alexander Schilling (both Banking and Finance, Frankfurt) worked for Asclepius in this transaction.

Herbert Smith Freehills has advised the joint lead managers on AMP Limited’s (AMP) offer of new securities known as AMP Subordinated Notes 2 (AMP Notes 2), which are fully paid, redeemable, subordinated, unsecured notes of AMP (Offer). The Offer is intended to raise A$200 million, with the ability to raise more or less.

The AMP Notes 2 are being offered at an issue price of $100 each and are expected to be quoted on the ASX.

Wragge & Co has advised the founder of Mountain Warehouse on the £85 million acquisition of the outdoor clothing and equipment retail business.

The buyout of minority shareholder LDC means the management team, led by founder and CEO Mark Neale, takes full ownership of the 169-strong retail chain. It follows the decision by LDC to sell its shareholding in the business which it acquired in 2010.

Simpson Thacher recently represented the initial purchasers, including J.P. Morgan, Wells Fargo Securities, RBS, BofA Merrill Lynch and Goldman, Sachs & Co., in connection with a Rule 144A/Regulation S high yield offering of $375 million 6.500% Senior Notes due 2021 by Plastipak Holdings, Inc.  The Firm also represented J.P. Morgan as dealer manager in connection with Plastipak’s cash tender offer for any and all of its outstanding 10.625% Senior Notes due 2019.

Davis Polk advised Morgan Stanley & Co. LLC, as sole lead and book-running manager, in connection with the offering by Seagate HDD Cayman of $800 million aggregate principal amount of its 3.75% senior notes due 2018. The notes are unconditionally guaranteed by Seagate Technology plc. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.  

Based in the Cayman Islands, Seagate HDD Cayman is a subsidiary of Seagate Technology plc, which is a leading provider of electronic data storage products.   

Davis Polk advised J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and SunTrust Robinson Humphrey, Inc. as joint book-running managers in connection with the SEC-registered offering by Diamond Offshore Drilling, Inc. of $250 million principal amount of its 3.45% senior notes due 2023 and $750 million principal amount of its 4.875% senior notes due 2043.

Hogan Lovells today  corporate team helped a pioneer in commercializing new diagnostic technologies, Laboratory Corporation of America Holdings (LabCorp) (NYSE:LH), finance an offering of $700 million in senior notes. The proceeds will allow LabCorp to repay outstanding borrowings under its existing credit facility, and for general corporate purposes.

The offering consists of two tranches, including a $400 million aggregate principal amount of 2.5% senior notes due in 2018, and a $300 million aggregate principal amount of 4% senior notes due in 2023.

Shearman & Sterling represented RBC Capital Markets, LLC and Morgan Stanley & Co. LLC, as joint bookrunning managers, and HSBC Securities (USA) Inc., AltaCorp Capital (USA) Inc. and CIBC World Markets Corp., as co-managers, in connection with a Rule 144A/Regulation S add-on offering of $150 million aggregate principal amount of 7.50% senior notes due 2020 by Calfrac Holdings LP.