Simpson Thacher recently represented the underwriters, led by Barclays Capital Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, in connection with the public offering by Boston Scientific Corporation (“Boston Scientific”) of $1.05 billion of debt securities, consisting of $600 million of 2.65% notes due 2018 and $450 million of 4.125% notes due 2023.
Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated and HSBC Securities (USA) Inc. as joint lead managers in connection with Estado Plurinacional de Bolivia’s issuance of $500 million of its 5.950% notes due 2023.
The following Shearman & Sterling team advised the joint lead managers in the transaction: partner Stuart Fleischmann (New York-Capital Markets) and associates Jesse Cuevas (San Francisco-Capital Markets) and Antonio Herrera Cuevas (San Francisco-Capital Markets).
Davis Polk advised Citigroup Global Markets Inc, Deutsche Bank AG, Singapore Branch, The Korea Development Bank, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS AG, Hong Kong Branch as underwriters in connection with a Schedule B debt offering by Korea Finance Corporation of $500 million in aggregate principal amount of its 2.875% notes due 2018.
Cravath represented the initial purchasers, led by J.P. Morgan Securities and Stephens Inc., in connection with the US$500 million 144A/Reg. S high-yield senior debt offering of Murphy Oil USA, Inc., which is being spun off from Murphy Oil Corporation. The transaction closed on August 14, 2013. Upon completion of the spin-off, Murphy Oil USA, Inc. will be one of the largest independent retailers of gasoline products and convenience merchandise.
Orange County, CA- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Kayne Anderson MLP Investment Company, a closed-end investment company (the “Company”), in a $175 million offering of floating rate senior notes (the “Series HH Senior Notes”) to qualified institutional buyers in a private offering pursuant to Rule 144A under the Securities Act of 1933. The Series HH Senior Notes mature on August 19, 2016 and pay interest at a rate of 3-month LIBOR plus 1.25% per annum. The transaction closed on August 22, 2013.
The Firm recently represented the initial purchasers, led by J.P. Morgan Securities LLC and BMO Capital Markets Corp. as joint book-running managers, in a Rule 144A offering by B2Gold Corp. of $258.75 million aggregate principal amount of its 3.25% Convertible Senior Subordinated Notes due 2018. The offering closed on August 23, 2013.
Mills & Reeve projects team has advised Aviva, one of the UK's leading providers of commercial finance, on four significant new projects this summer totalling over £140 million.
The team advised Aviva on its first two fire station projects, both with Blue3, a Kier-led consortia, for which Aviva provided over £80 million senior debt. The first project to close was to design, build and maintain eleven new fire stations for the Staffordshire Fire and Rescue Service. The second was to design, build and maintain nine new fire stations for the London Fire Brigade.
Cravath represented Shell International Finance B.V. and Royal Dutch Shell plc in connection with a US$3.75 billion registered debt offering by Shell International B.V., guaranteed by Royal Dutch Shell plc. Royal Dutch Shell plc is one of the world’s largest independent oil and gas companies in terms of market capitalization, operating cash flow and oil and gas production. The notes were listed on the New York Stock Exchange. The transaction closed on August 12, 2013.
The Cravath team included partner William P. Rogers Jr. and associate Raffael M. Fiumara.
Simpson Thatcher represented the underwriters, led by J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC, in connection with a registered offering by Broadridge Financial Solutions, Inc. (“Broadridge”) of $400 million aggregate principal amount of its 3.950% Senior Notes due 2020.
Broadridge is a leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers.
Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Arnie Peinado and Transportation and Space partner Hugh Robertson, acted as US counsel to the underwriters in a public offering of $929 million aggregate face amount of enhanced equipment trust certificates (“EETCs”) by United Airlines, Inc. (“United”).