KeyBank’s Acquisition of Laurel Road’s Digital Lending Business

KeyCorp was advised by Debevoise & Plimpton LLP. Laurel Road Bank was advised by RBC Capital Markets and Fried Frank. KeyBank National Association today announced that KeyBank and Laurel Road Bank have entered into a definitive agreement for the acquisition by Key of Laurel Road’s digital lending business; Laurel Road’s three bank branches located in […]

Aerion’s Partnership with Boeing

Cravath is representing Aerion in connection with the transaction. Aerion and Boeing announced that Boeing has made a significant investment in Aerion, a company pioneering next-generation supersonic aircraft, and will partner with Aerion to accelerate technology development and aircraft design and unlock supersonic air travel for new markets. Boeing will provide engineering, manufacturing and flight […]

Sterling National Bank’s Acquisition of Woodforest National Bank’s Asset-based and Equipment Finance Lending Businesses

Bracewell LLP advised Woodforest National Bank on the deal Woodforest National Bank, a national banking association based in The Woodlands, Texas, executed the sale of its asset-based and equipment finance lending businesses to Sterling National Bank, a national banking association based in Montebello, New York, in an all-cash transaction. Sterling National Bank is the subsidiary […]

JPMorgan Chase’s $1.85 Billion Depositary Shares Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, in connection with the $1.85 billion offering of depositary shares representing preferred stock of JPMorgan Chase & Co. JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The shares were listed on the New […]

Ingersoll-Rand’s $1.45 Billion Acquisition of Precision Flow Systems

Goldman Sachs & Co. LLC. acted as exclusive financial advisor and Kirkland & Ellis LLP acted as legal advisor for Ingersoll Rand in this transaction. Morgan Stanley & Co. LLC acted as exclusive financial advisor and Latham & Watkins LLP acted as legal advisor for Precision Flow Systems in this transaction. Khaitan & Co advised […]

Cisive’s Combination with PreCheck

Bracewell LLP represented PreCheck, Inc. on the deal Cisive, a global provider of compliance-driven human capital management and risk management solutions, executed the acquisition of PreCheck, the healthcare industry’s leading provider of background screening, compliance monitoring and credentialing solutions. PreCheck serves over 4,000 hospitals, long-term care facilities, clinics, educational institutions, and other ancillary healthcare organizations […]

Corporación Favorita’s $131.5 Million Syndicated Loan

Holland & Knight represented Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) as administrative agent and Bladex, Banco General and Grupo Promerica as joint lead arrangers and bookrunners on a $131.5 million one-year senior secured, syndicated loan and letter of credit facility for Corporación Favorita C.A. The transaction closed on December 17, 2018, and the loan […]

SunTrust Banks Inc.’s $66 Billion Merger with BB&T Corp.

RBC Capital Markets served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal counsel to BB&T in this transaction. Goldman Sachs and SunTrust Robinson Humphrey served as financial advisors and Sullivan & Cromwell served as legal counsel to SunTrust in this transaction. Fried Frank acted as counsel to Goldman Sachs as financial […]

PG&E’s Voluntary Reorganization

Cravath is representing PG&E as principal advisory counsel to its Board of Directors; in corporate matters related to its Chapter 11 proceedings, including the arrangement of Debtor-in-Possession (“DIP”) financing; and as lead trial counsel in related litigation. On January 14, 2019, following a comprehensive review, PG&E Corporation (“PG&E” or “the Company”) announced its intent to […]

Csepel v. Hungary

Nixon Peabody successfully represented Hungary in a lawsuit involving valuable artworks owned by Hungary and displayed at three museums and a university in Budapest. The Supreme Court rejected the plaintiffs’ challenge to an appellate court’s decision which recognized that Hungary is immune from jurisdiction in the case. The U.S. Court of Appeals for the District […]

Cooper Group’s Acquisition of IBM’s Mortgage Servicing Business

Cravath is representing IBM in connection with the transaction. Cooper Group has entered into a definitive agreement with IBM to acquire IBM’s mortgage servicing business. IBM acquired the Seterus mortgage servicing business in the wake of the 2008 financial crisis to help a client manage a broad mortgage portfolio, including high risk loans. IBM was […]