The Firm represented NXP B.V. and NXP Funding LLC in connection with their offering of $500 million of 3.5% senior unsecured notes due 2016. The proceeds of the offering were used to refinance outstanding indebtedness.
The Firm recently represented J.P.
Simpson Thacher represented Sirius XM Radio Inc. (“SiriusXM”) in connection with its offering of $650 million aggregate principal amount of 5.875% Senior Notes due 2020 in reliance on Rule 144A and Regulation S. SiriusXM intends to use the net proceeds of this offering to redeem its outstanding 7.625% Senior Notes due 2018.
Simpson Thacher represented J.P. Morgan Securities Ltd., Nomura International plc, Deutsche Bank AG, London Branch and BNP Paribas as initial purchasers, in connection with a €300 million offering of 11%/ 12% Senior PIK Toggle Notes due 2021 by Polish Television Holding B.V. and a €430 million offering of 7.375% Senior Notes due 2020 by TVN Finance Corporation III AB (publ), a subsidiary of TVN S.A.
Shearman & Sterling represented the Province of Ontario in connection with its public offering of US$1,750,000,000 of its 2.000% Bonds due September 27, 2018. Application will be made to the Luxembourg Stock Exchange for the bonds to be admitted to trading on the Euro MTF Market of the exchange.
Ontario is the largest Canadian province by population and home to both the nation’s capital and most populous city.
The Firm represented the initial purchasers, led by Deutsche Bank, Barclays and BNP Paribas, in connection with the public offerings of €900 million aggregate principal amount of Euro NC5 (Euro Series A) Capital Securities due 2073, €550 million aggregate principal amount of Euro NC10 (Euro Series B) Capital Securities due 2073 and £550 million aggregate principal amount of GBP NC7 Capital Securities due 2073 by América Móvil, S.A.B. de C.V. in September 2013. The notes were sold in reliance upon Regulation S under the U.S.
Simpson Thacher recently represented Walter Energy, Inc. in its offering of $450 million aggregate principal amount of 9.500% Senior Secured Notes due 2019. Walter Energy used the net proceeds of the offering (i) to repurchase and extinguish $250 million of its Term Loan A through a Dutch Auction process and (ii) the remainder for general corporate purposes. The offering was conducted in reliance on Rule 144A and Regulation S.
Shearman & Sterling advised Jerrold Holdings Limited on the offering by its wholly-owned subsidiary, Jerrold FinCo plc, of £200 million of 9.750% Senior Secured Notes due 2018. The notes are guaranteed by Jerrold Holdings Limited and all of its other subsidiaries.
Shearman & Sterling represented the initial purchasers, led by Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and RBS Securities Inc., as Joint Bookrunning Managers on Reckitt Benckiser's inaugural US dollar bond offering, in a private placement of US$1 billion aggregate principal amount of notes offered by Reckitt Benckiser Treasury Services plc and guaranteed by Reckitt Benckiser Group plc.
New York, NY-- Paul Hastings LLP, a leading global law firm, announced today that the firm advised the debt financing providers in connection with affiliates of Kohlberg Kravis Roberts & Co. L.P.’s acquisitions of PRA International and ReSearch Pharmaceutical Services, Inc., both leading global contract research organizations that provide outsourced clinical development services to the biotechnology and pharmaceutical industries.