Davis Polk advised IHS Inc. and certain of its subsidiaries in connection with a $1.3 billion unsecured revolving credit facility and $700 million unsecured term loan credit facility with Bank of America, N.A. as administrative agent and JPMorgan Chase Bank, N.A. as syndication agent. The facilities will be used for general corporate purposes.
Shearman & Sterling advised Morgan Stanley Senior Funding, Inc., Deutsche Bank Securities Inc. and Jefferies Finance LLC as joint lead arrangers and joint bookrunners in connection with a $725 million financing, comprising of a $450 million first lien term loan facility, a $75 million revolving credit facility and a $200 million second lien term loan facility, related to the acquisition of Grocery Outlet Inc. by Hellman & Friedman LLC.
Paul Hastings represented Forum Partners, a global real estate investment and asset management firm, in its loan facility extended to an affiliate of Sansheng Real Estate Group Limited. The proceeds of the loan will be used to pay land costs and construction costs on projects owned by Sansheng Real Estate Group Limited.
The Paul Hastings team was led by partner Wayne Ma with support from associate Elyn He.
Paul Hastings LLP represented the banks in financing the acquisition of The Sleep Train, Inc. and its subsidiaries by Mattress Firm, a leading specialty retailer of mattresses and related products and accessories in the United States with over 1,500 stores in over 36 states.
Paul Hastings LLP represented Barclays Bank PLC as administrative agent and Barclays Bank PLC and other banks as joint lead arrangers and joint bookrunners in connection with a $720 million term loan credit facility and a $125 million asset-based revolving credit facility for Mattress Firm.
Davis Polk is advising Merrill Lynch, Pierce, Fenner & Smith Incorporated as sole lead arranger and sole bookrunner of a $5 billion senior unsecured bridge term loan facility for Southwestern Energy Company, in connection with its agreement to acquire certain oil and gas properties and related assets from Chesapeake Appalachia, L.L.C.
Davis Polk advised Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and KeyBanc Capital Markets Inc. as joint lead arrangers and joint bookrunners in connection with commitments for a $1.6 billion senior unsecured bridge loan facility provided to STERIS Corporation in connection with its proposed $1.9 billion acquisition of Synergy Health plc.
Davis Polk advised Citigroup Global Markets Inc. as sole lead arranger of a $1.75 billion senior unsecured bridge loan facility and as joint lead arranger of a $1 billion senior unsecured term loan facility for Eastman Chemical Company in connection with Eastman Chemical’s acquisition of Taminco Corporation.
Dentons has advised Oman Oil Company, a national oil investment company wholly owned by the Government of the Sultanate of Oman, on its inaugural corporate borrowing.
Acting as Omani law counsel, Dentons advised OOC on its US$1.85 billion revolving credit facility from over 15 international and local banks together with related corporate governance aspects of OOC's entry into the facility. The revolving credit facility was split between a US$1 billion three-year tranche and an US$850 million piece with a five-year lifespan.
Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated, HSBC Securities (USA), Inc. and RBC Capital Markets as joint lead arrangers and joint bookrunners and Bank of America, N.A. as administrative agent in connection with an approximately $187.5 million senior secured term loan and a $187.5 million senior secured revolving credit facility provided to Nu Skin Enterprises, Inc.
Davis Polk is advising Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and SunTrust Robinson Humphrey, Inc. as joint lead arrangers and bookrunners in connection with the $130 million amended senior secured credit facilities and the $250 million senior unsecured bridge facility to be provided to an acquisition subsidiary of The Providence Service Corporation to finance, in part, Providence's acquisition of the equity interests of CCHN Group Holdings, Inc.