Simpson Thacher is representing Barclays Bank PLC in connection with $5.0 billion of committed bridge financing to Kinder Morgan, Inc. (NYSE: KMI) for its announced acquisition of (i) all of the outstanding units of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), (ii) all of the outstanding shares of Kinder Morgan Management, LLC (NYSE: KMR) and (iii) all of the outstanding units of El Paso Pipeline Partners, L.P. (NYSE: EPB), in each case not already owned by KMI.

Shearman & Sterling advised Pall Corporation as borrower in connection with a $1.5 billion unsecured credit facility arranged by Bank of America Merrill Lynch, J.P. Morgan Securities LLC, HSBC Bank USA, National Association and Wells Fargo Securities, LLC.

The Shearman & Sterling team included partner Steven Sherman (New York-Finance) and associate Dana Lord (New York-Finance).

Slaughter and May advised AngloGold Ashanti, a leading global gold producer headquartered in South Africa, on a new US$1 billion, five-year unsecured revolving credit facility, maturing in July 2019. This replaces the group's existing five-year US$1 billion unsecured facility. The new facility extends maturities and carries more favourable covenants, including an increased net debt to adjusted EBITDA covenant ratio of 3.5 times, with one conditional six-month period waiver of up to 4.5 times, further improving financial flexibility.

Orbotech Ltd. announced that it has closed the previously announced acquisition of SPTS Technologies Group Limited for a total consideration of $371 million. Cravath represented Orbotech in connection with a new $300 million senior secured syndicated Term Loan B facility, the proceeds from which were used to finance the acquisition.

Headquartered in Israel, Orbotech is a leading global provider of yield-enhancing and production solutions for printed circuit boards and other electrical components. This was the first syndicated Term Loan B completed by an Israeli borrower.

Shearman & Sterling advised J.P. Morgan Securities LLC, UBS Securities LLC, Goldman Sachs Bank USA, Morgan Stanley MUFG Loan Partners, LLC (acting through The Bank of Tokyo-Mitsubishi UFJ, LTD.), Morgan Stanley Senior Funding, Inc.

Allen & Overy LLP advised Freudenberg SE in connection with a EUR 250 million syndicated facility, the transaction marking the firm's first retainer by Freudenberg.

In charge of the transaction were Gunnar Blanck (in-house) and, from Allen & Overy, partner Dr. Neil George Weiand and senior associate Dr. Urs Lewens (both banking and finance, Frankfurt).

Davis Polk advised Bank of America, N.A. as joint lead arranger, joint bookrunner, administrative agent and collateral agent, in each case in connection with the $140 million asset-based revolving credit facility provided to Tribune Publishing Company in connection with its spinoff from Tribune Media Company. The proceeds will be used by Tribune Publishing Company and its subsidiaries for working capital and general corporate purposes.  

Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets, Inc. and Barclays Bank PLC as joint lead arrangers and bookrunners, and JPMorgan Chase Bank, N.A. as administrative agent, in connection with a $350 million senior secured term loan credit facility provided to Tribune Publishing Company in connection with its separation from Tribune Media Company (the “Spinoff”).

Watson, Farley & Williams (“WFW”), has advised Natixis on the €32.5 million aggregate refinancing of two Greek flag passenger ferries by ANEK Lines S.A. (“ANEK”) by way of sale and charter back.  

New York, NY - Paul Hastings LLP, a leading global law firm, announced that the firm represented UBS AG, Stamford Branch and Barclays Bank PLC as joint lead arrangers and bookrunners in connection with the financing of the strategic combination of Southcross Energy LLC and TexStar Midstream Services, LP, an oil and gas business in South Texas.  The resulting Eagle Ford-focused midstream combination includes four processing plants, three fractionation facilities and approximately 3,700 miles of pipeline.  The financing consisted of a $575 million term loan facility and a $50 millio