Xura, Inc. acquires Mitel Networks Corporation’s Mobile Division for $350 Million

Paul, Weiss is representing Mitel Networks Corporation in its agreement to sell its mobile division to the parent company of Xura, Inc. for $350 million in cash, a $35 million promissory note and an equity interest in Sierra Private Investments, which on closing will become the parent company of the mobile division and Xura. Mitel […]

Hilton Grand Vacations’ $300 Million Notes Offering

Simpson Thacher represented Hilton Grand Vacations Borrower LLC and Hilton Grand Vacations Inc., as co-issuers (the “co-issuers”), in connection with a Rule 144A/Regulation S offering by Goldman, Sachs & Co. (“Goldman Sachs”), as selling securityholder, of $300 million aggregate principal amount of the co-issuers’ 6.125% Senior Notes due 2024 The HGV Notes were initially issued […]

Synchronoss’ $821 Million Financing for Acquisition of Intralinks Holdings

Simpson Thacher represented Synchronoss Technologies, Inc. (NASDAQ: SNCR) in connection with $900 million of debt financing for its announced acquisition of Intralinks Holdings, Inc. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to close in the first calendar quarter of 2017. Synchronoss Technologies is the leading innovator […]

L-3 Communications’ $550 Million Debt Offering

Simpson Thacher represented L-3 Communications Corporation in connection with a public offering of $550 million aggregate principal amount of 3.85% Senior Notes due 2026. Headquartered in New York City, L-3 employs approximately 38,000 people worldwide and is a leading provider of a broad range of communication and electronic systems and products used on military, homeland […]

Texas Capital Bancshares, Inc.’s $236.5 Million Common Stock Offering

Simpson Thacher represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, as the underwriters, in connection with a public offering of 3,450,000 shares, including option shares, of common stock of Texas Capital Bancshares, Inc. (“TCBI”) The offering closed on December 2, 2016. Proceeds will be used […]

EverBank Financial Corp.’s $134 million Secondary Offering

Simpson Thacher represented UBS Securities LLC as the sole underwriter in connection with a secondary offering by Sageview Partners L.P., the selling stockholder, of 7,012,230 shares of common stock, par value $0.01 per share, of EverBank Financial Corp. The offering closed on December 2, 2016 and resulted in net proceeds to the selling stockholder of […]

Extended Stay America, Inc.’s $205.1 million offering of common stock

Simpson Thacher represented certain entities affiliated with The Blackstone Group L.P. and Centerbridge Partners, L.P. in connection with a $205.1 million offering, consisting of 12,500,000 shares of paired common stock, each comprises one share of common stock of Extended Stay America, Inc. and one share of Class B common stock of ESH Hospitality, Inc., which […]

Jack Cooper Enterprises’ $80.45 Million Exchange Offer

Simpson Thacher represented J.P. Morgan Securities LLC and Imperial Capital, LLC, as dealer managers, in connection with an exchange of up to $80.45 million aggregate principal amount of 10.5%/11.25% Senior PIK Toggle Notes due 2019 for cash and warrants issued by Jack Cooper Enterprises, Inc. (“Jack Cooper”). Jack Cooper is a transportation and other logistics […]

Northwest Natural Gas Company’s $55.3 Million Offering of Common Stock and $150 Million Offering of Medium-Term Notes

Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, in an offering by Northwest Natural Gas Company (“NW Natural”) of approximately $55.3 million of common stock. The shares are listed on the New York Stock Exchange. In addition, Simpson Thacher recently represented the agents, […]

KKR and KSL’s Acquisition of Apple Leisure Group

Simpson Thacher has advised KKR and KSL in connection with their announced agreement to acquire Apple Leisure Group. The transaction is expected to close during the first quarter of 2017, and is subject to regulatory approvals and customary closing conditions. Apple Leisure Group is North America’s top seller of all-inclusive vacation packages, with a vertically […]