Royal Dutch Shell’s US$4 Billion Triple-Tranche Bond Offer

Slaughter and May, working as a team with Cravath, Swaine & Moore LLP and De Brauw Blackstone Westbroek, advised Royal Dutch Shell plc on the issue of a triple-tranche US$4 billion bond under its US shelf programme. The issue consists of US$1,250,000,000 2.000% Guaranteed Notes due 2024, US$1,500,000,000 2.375% Guaranteed Notes due 2029 and US$1,250,000,000 […]

Province of Alberta’s $2.25 Billion Global Bond Offering

Davis Polk advised the underwriters in connection with the offering. Province of Alberta issued an offering of $2.25 billion aggregate principal amount of 1.875% bonds due November 13, 2024. The Bank of New York Mellon acted as registrar, fiscal agent, transfer agent and principal paying agent. Barclays Bank PLC, BMO Capital Markets Corp., National Bank […]

Cigna Corporation’s $12.7 Billion Notes Offering

Simpson Thacher represented the Cigna Corporation in the transaction. Cigna Corporation completed offers to exchange certain existing notes issued by three of Cigna’s subsidiaries (Cigna Holding Company, Express Scripts Holding Company, Medco Health Solutions, Inc.) for similar notes issued by Cigna and cash. Eligible holders exchanged approximately $12.7 billion of existing notes in the exchange […]

Noble Midstream Partners LP’s $1.6 Billion Acquisition Of Noble Energy Interests

Vinson & Elkins advised Noble Energy in the agreement. Baker Botts advised the Conflicts Committee of Noble Midstream Partners. Vinson & Elkins advised Noble Energy (NYSE: NBL) in a definitive agreement whereby Noble Midstream Partners LP (NYSE:NBLX) acquired the Partnership’s incentive distribution rights and substantially all of Noble Energy’s remaining midstream interests for $1.6 billion. […]

First Horizon National Corp’s $3.9 Billion Acquisition Of IberiaBank Corp.

Sullivan & Cromwell LLP is representing First Horizon National Corp. Sullivan & Cromwell LLP is representing First Horizon National Corp in the merger of equals with IberiaBank Corp. The transaction, which is expected to close during the second quarter of 2020, is the latest on which S&C has advised First Horizon; the Firm previously represented […]

HarbourVest Partners’ $3 Billion Fund V Formation

Debevoise advised HarbourVest Partners in the formation of HarbourVest Partners Co-Investment Fund V. The newly-formed $3 billion fund will create a global, diversified portfolio of direct co-investments in buyout, growth equity, and other private markets transactions alongside top-tier private markets managers. HarbourVest is an independent, global private markets investment specialist with over 35 years of […]

Marubeni and Mizuho Leasing’s $7.4 Billion Acquisition of Aircastle

Skadden, Arps, Slate, Meagher & Flom LLP and Conyers LLP acted as Aircastle’s legal advisors. Fried Frank acted as counsel to Citigroup Global Markets Inc. as financial advisor to Aircastle Limited in the transaction. Aircastle Limited (NYSE: AYR) has entered into a definitive agreement to be acquired by a newly-formed entity controlled by affiliates of […]

Boston Scientific Corporation’s £1 Billion Cash Tender Offer

Simpson Thacher represented Dealer Managers in connection with the cash tender offer. Boston Scientific Corporation (NYSE:BSX) completed a $1 billion aggregate principal amount of Boston Scientific’s outstanding 4.125% Senior Notes due 2023, 4% Senior Notes due 2028, 3.85% Senior Notes due 2025 and 3.375% Senior Notes due 2022, settlement of which occurred concurrently with the […]

Wells Fargo’s $1.5 Billion Credit Facility Refinance

Jones Day represented Wells Fargo Bank. Jones Day represented Well Fargo Bank, National Association, as administrative agent, in connection with the refinance and upsize of a $1.5 billion credit facility, consisting of a $700 million revolving credit facility, a $300 million term loan A, and a $500 million term loan B, secured by four Gaylord-branded […]

Standard Chartered PLC’s US$1 Billion Notes Offering

Slaughter and May advised Standard Chartered PLC on its issuance of U.S.$1,000,000,000 3.516 per cent. Fixed Rate Reset Dated Subordinated Notes due 2030. The Notes were issued under the U.S.$77,500,000,000 Debt Issuance Programme established by Standard Chartered PLC and Standard Chartered Bank. The Notes, which were issued on 8 November 2019, are intended to qualify […]

DCP Midstream’s $1.53 Billion Elimination of Incentive Distribution Rights

Bracewell LLP advised the general partner of DCP Midstream, equally owned by Enbridge Inc. (NYSE: ENB) and Phillips 66 (NYSE: PSX). DCP Midstream, LP (NYSE: DCP) entered into an agreement to eliminate all general partner economic interests in DCP and incentive distribution rights (IDRs) in DCP in exchange for 65 million newly issued DCP common […]

Yageo Corporation’s $1.8 Billion Acquisition of Kemet Corporation

Simpson Thacher advised Yageo Corporation on the deal. Skadden advised KEMET Corporation. Yageo Corporation (TAIEX: 2327) entered into a definitive agreement to acquire KEMET Corporation (NYSE: KEM) in an all-cash transaction valued at $1.8 billion, including the assumption of net debt. Upon closing, Yageo will acquire all the outstanding shares of KEMET’s common stock for […]