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Banking & Finance - Capital Markets: Debt

JDS Uniphase Corporation Convertible Debentures

28 Aug 2013

Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives of the initial purchasers in connection with a Rule 144A offering by JDS Uniphase Corporation of an aggregate principal amount of $650 million of its 0.625% senior convertible debentures due 2033.

Headquartered in Milpitas, California, JDS Uniphase provides communications test and measurement solutions and optical products for telecommunications service providers, cable operators and network equipment manufacturers.

Paul Hastings Advises NuStar Logistics, L.P. in $300 Million Senior Notes Offering

27 Aug 2013

Paul Hastings LLP, a leading global law firm, announced today that the firm represented NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS), in connection with its public offering of $300 million 6.75% senior notes due February 1, 2021, which closed on August 19, 2013.

Cenovus Energy Closes $800 Million Debt Offering

27 Aug 2013

Paul, Weiss client Cenovus Energy Inc., a Canadian integrated oil company headquartered in Calgary, Alberta, completed a public offering in the United States of $800 million of senior unsecured notes in two series: $450 million 3.80% senior notes due 2023 and $350 million 5.20% senior notes due 2043. The joint bookrunning managers were Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc. and J.P. Morgan Securities LLC. The net proceeds of the offering will be used to fund the redemption of Cenovus's $800 million 4.50% senior notes due 2014.

Davis Polk advises on $350 Million High-Yield Notes Offering and Concurrent Tender Offer and Consent Solicitation by PHH Corp

23 Aug 2013

Davis Polk advised J.P. Morgan Securities LLC, RBS Securities Inc., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as joint book-running managers in connection with an SEC-registered offering by PHH Corporation of $350 million aggregate principal amount of its 6.375% senior notes due 2021.

Freshfields advises McCarthy & Stone on successful £367m rights issue and £160m new facility to refinance over £500m of existing debt

23 Aug 2013

International law firm Freshfields Bruckhaus Deringer has advised McCarthy & Stone, the UK’s leading retirement homes developer, on its successful rights issue and refinancing of its existing liabilities, totalling £518.9m. The transaction significantly reduces the Company’s debt by £350m.

Allen & Overy advises Joint Lead Managers on Euro & Sterling issues of Undated Deeply Subordinated Reset Rate Notes by Veolia Environnnement

23 Aug 2013

Allen & Overy advises the Joint Lead Managers in connection with the issue of EUR 1 billion Undated Deeply Subordinated Reset Rate Notes and GBP 400 million Undated Deeply Subordinated Reset Rate Notes by Veolia Environnement

Rambus Inc. $138 million Convertible Senior Notes Offering

22 Aug 2013

Davis Polk advised J.P. Morgan Securities LLC, Citigroup Global Markets Inc. and Jefferies LLC as representatives of the initial purchasers in connection with a Rule 144A offering by Rambus Inc. of $138 million aggregate principal amount of its 1.125% convertible senior notes due 2018.

Headquartered in Sunnyvale, California, Rambus Inc. is a technology solutions company specializing in the invention and design of semiconductor memory architectures, semiconductor security, advanced LED lighting and displays and immersive mobile media.

ServiceSource International, Inc. $150 Million Convertible Senior Notes Offering

22 Aug 2013

Davis Polk advised Morgan Stanley & Co. LLC as representative of the initial purchasers in connection with a Rule 144A offering by ServiceSource International, Inc. of an aggregate principal amount of $150 million of its 1.5% convertible senior notes due 2018. In addition, Davis Polk advised Deutsche Bank AG, London Branch, JPMorgan Chase Bank, National Association, Morgan Stanley & Co. International plc and Nomura Securities International, Inc. as counterparties to convertible note hedge and warrant transactions in connection with the offering.