Watson, Farley & Williams (“WFW”), a leading international law firm, is pleased to announce that it has advised a syndicate of banks led by Nordea Bank Finland PLC (“Nordea”) as administrative agent on a US$525 million term loan and revolving credit facility for Scorpio Tankers Inc (“Scorpio”).
Nordea Bank Finland is 100% owned by Nordea Bank AB, the largest financial services group in Northern Europe.
Shearman & Sterling represented Goldman Sachs Bank USA and Jefferies Finance LLC, as mandated lead arrangers, in connection with the financing of TPG Capital's acquisition of TSL Education, a digital education business. The financing consisted of senior secured term facilities and a revolving credit facility.
Paul Hastings, a leading global law firm, announced today that the firm represented the lead arrangers Société Générale and KeyBank National Association in connection with the financing for the completion of General Atlantic’s acquisition of CLEAResult, an energy management services company. The financing consisted of $155 million in senior secured credit facilities.
Leveraged partner Michele Cohen led the Paul Hastings team, which also included associates Christopher Ross, Sung Ho (Danny) Choi, and Paul Henesy.
Slaughter and May advised the Kuwait Foreign Petroleum Exploration Company k.s.c., a wholly owned subsidiary of the Kuwait Petroleum Corporation, in relation to its US$750,000,000 credit facility.
HSBC Bank Middle East Limited, J.P. Morgan Limited, National Bank of Kuwait S.A.K., The Bank of Tokyo-Mitsubishi UFJ, Ltd and The Royal Bank of Scotland plc acted as initial mandated lead arrangers with National Bank of Kuwait S.A.K. as agent.
The Law Office of Bader Saud Al Bader and Partners advised on Kuwaiti law matters.
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Davis Polk advised Goldman Sachs Bank USA as lead arranger, bookrunner and syndication agent in connection with the refinancing of Hologic, Inc.’s existing tranche B term loan facility with $1.49 billion in new tranche B term loans, which, along with its $975 million tranche A term loan facility and $300 million revolving credit facility, both of which were refinanced in March 2013, had been originally borrowed in August 2012.
Paul Hastings, a leading global law firm, announced today that the firm represented the lead arranger, GE Capital Markets, Inc. in connection with the financing related to Arbor Investments Management, LLC’s acquisition of Keyes Group Holdings, LLC and certain of its subsidiaries, including Keyes Fibre Corporation and Wrap Pack, Inc.
In connection with the financing, the firm also represented General Electric Capital Corporation in its capacity as administrative agent.
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
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.
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.
Herbert Smith Freehills has advised the Commonwealth Bank of Australia (CBA) on the A$280 million acquisition finance facilities provided to RCR Tomlinson Ltd with funds used to complete the acquisition of Norfolk Group Limited by way of a scheme of arrangement.
RCR Infrastructure Pty Ltd, a wholly-owned subsidiary of RCR Tomlinson Ltd, has acquired 100% of Norfolk Group Limited’s ordinary shares.
The scheme of arrangement was approved by the Federal Court of Australia on 19 June 2013 and the acquisition of Norfolk Group Limited completed on 31 July 2013.