Kyushu Railway Company’s $3.9 Billion Initial Public Offering

Simpson Thacher recently represented Kyushu Railway Company (“JR Kyushu”), as issuer, and Japan Railway Construction, Transport and Technology Agency, as selling shareholder, in connection with JR Kyushu’s ¥416 billion (US$3.9 billion) initial public offering on the Tokyo Stock Exchange, including an international offering to institutional investors in reliance on Rule 144A and Regulation S. JR […]

Zhou Hei Ya International Holdings’ $321.8 Million Hong Kong Initial Public Offering

Simpson Thacher represented Zhou Hei Ya International Holdings Company Limited (“Zhou Hei Ya”) in connection with its initial public offering in Hong Kong and Rule 144A/Regulation S offering of an aggregate of 424,470,000 shares (prior to any exercise of the overallotment option), which raised approximately HK$2,495.9 million (US$321.8 million) in gross proceeds. The ordinary shares […]

Kohlberg Kravis & Roberts & Co. L.P.’s Acquisition of a 22% interest in Panasonic Healthcare Holdings Co., Ltd.

Simpson Thacher is representing Kohlberg Kravis & Roberts & Co. L.P. in connection with the announced acquisition by Mitsui & Co., Ltd. (“Mitsui”) of a 22% interest in Panasonic Healthcare Holdings Co., Ltd. (“PHCHD”) for approximately 54.1 billion yen (approximately $510 million). KKR will retain a majority stake in PHCHD following the closing of the […]

KKR’s $4.5 Billion Tender Offer for Shares of Japan’s Calsonic Kansei

Simpson Thacher is representing Kohlberg Kravis Roberts & Co. L.P. in connection with the planned tender offer by KKR’s affiliate, CK Holdings Co., Ltd., to obtain up to 100% of the issued and outstanding common stock of Calsonic Kansei Corporation In connection with the tender offer, KKR has entered into a tender agreement with Nissan […]

Sumitomo Mitsui Trust Bank’s $1 Billion Senior Notes Offering

Davis Polk advised Sumitomo Mitsui Trust Bank, Limited on a Rule 144A/Regulation S offering of senior notes, which consisted of $500 million aggregate principal amount of senior floating-rate notes due 2019 and $500 million aggregate principal amount of 2.05% senior notes due 2019. The notes are listed on the Singapore Exchange Securities Trading Limited. Sumitomo […]

Basic Energy Services’ Pre-packaged Chapter 11 Bankruptcy Filing

Davis Polk is advising certain funds affiliated with Goldman Sachs Merchant Banking Division and Riverstone Holdings, LLC, as term loan lenders under both a prepetition $165 million secured term loan and a $90 million secured superpriority debtor-in-possession facility in the pre-packaged chapter 11 restructuring of Basic Energy Services, Inc. and certain of its subsidiaries (collectively, […]

The Export-Import Bank of Korea’s $2.5 Billion Notes Offering

Davis Polk advised the underwriters in connection with the SEC-registered Schedule B debt offerings by KEXIM of $750 million aggregate principal amount of its floating-rate notes due 2019, $750 million aggregate principal amount of its 1.500% notes due 2019, $300 million aggregate principal amount of its 1.875% notes due 2021 and $700 million aggregate principal […]

Sumitomo Mitsui Financial Group, Inc.’s $3.5 Billion SEC-Registered Notes Offering

Davis Polk advised Sumitomo Mitsui Financial Group, Inc. (SMFG) on its SEC-registered takedown offering of senior TLAC notes, which consisted of $1.5 billion aggregate principal amount of 2.442% senior notes due 2021, $1.5 billion aggregate principal amount of 3.010% senior notes due 2026 and $500 million aggregate principal amount of floating-rate senior notes due 2021. […]

JHL Biotech Inc.’s strategic alliance with Sanofi for the development and commercialization of biosimilar therapies in China

A Ropes & Gray cross-practice and cross-office team advised JHL Biotech Inc. on a landmark strategic alliance with global healthcare leader Sanofi, which involves the development and commercialization of biosimilar therapies in China using JHL’s development and manufacturing facilities in Taiwan and China, and Sanofi’s commercial sales platform in China. The transaction, valued at $337 […]

Sumitomo Mitsui Banking Corporation’s $1 Billion Notes Offering

Davis Polk advised Sumitomo Mitsui Banking Corporation (SMBC) in connection with a global medium-term note program update and a benchmark takedown, which consisted of $500 million aggregate principal amount of 1.762% senior notes due 2018 and $500 million aggregate principal amount of senior floating-rate notes due 2018, each guaranteed by SMBC’s New York branch. SMBC […]