Itaú Unibanco Holding S.A.’s US$1.5 Billion Bond Offering

Clifford Chance represented BofA Securities, Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities, LLC, and Santander Investment Securities Inc., acting as Managers. Itaú Unibanco Holding S.A., acting through its Grand Cayman Branch, offered US$1 billion 2.900% Senior Notes due 2023 and US$500 million 3.250% Senior Notes due 2025 under its US$100 billion Global Medium-Term […]

Sprint’s $1 Billion Notes Offering

Simpson Thacher represented Initial Purchasers led by J.P. Morgan Securities LLC on the deal. Sprint Corporation (“Sprint”) completed an offering of $1 billion aggregate principal amount of its 7.25% Guaranteed Notes due 2028. Sprint intends to use the net proceeds from the offering to refinance debt. Sprint (NYSE: S) is a communications company offering a […]

Dominican Republic’s $2.5 Billion Sovereign Bond Offering

Simpson Thacher represented Initial Purchasers on the deal. Cleary Gottlieb represented the Dominican Republic in the offering. The Dominican Republic completed simultaneous offerings of US$1 billion 4.5% bonds due 2030 and US$1.5 billion 5.875% bonds due 2060. The sovereign debt offerings were conducted in reliance on Rule 144A and Regulation S. Proceeds of each offering will be used […]

Vale’s $3 Billion Revolving Credit Facility

Stikeman Elliott and Machado Meyer advised on the deal Vale SA has successfully completed a US$ 3 billion syndicated revolving credit facility, which will be available for five years. The revolving credit line was arranged by a banking syndicate comprised of 16 global banks led by Citigroup, Crédit Agricole, MUFG e Sumitomo Mitsui Banking Corporation. […]

Republic of Chile’s €1.686 Billion Green Bonds Offering

Shearman & Sterling represented Crédit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC., as underwriters, in connection with the offering. Cleary Gottlieb represented the Republic of Chile in the offering. The Republic of Chile completed the offering of $750 million aggregate principal amount of its 2.550 percent notes due 2032 […]

Encompass Health Corporation’s $2.540 Million Credit Facilities

Paul Hastings advised Barclays Bank PLC, as administrative agent and lead arranger in connection with a $1.270 billion senior secured credit facility comprising of a $270 million term loan facility and $1 billion revolving credit facility for Encompass Health Corporation. Encompass Health is a national leader in integrated healthcare services, offering both facility-based and home-based […]

Intermediate Capital Group’s $2.4 Billion Fundraising

Simpson Thacher represented Intermediate Capital Group (ICG) in the establishment of ICG Strategic Equity Fund III and associated vehicles. ICG has announced that ICGSE III raised $2.4 billion in capital commitments, exceeding its $1.6 billion target and more than doubling its $1.1 billion predecessor fund. ICGSE III is expected to invest in sponsor-led secondary private […]

Republic of Chile’s €1.963 Billion Green Bonds and Tender Offer

Shearman & Sterling represented Banco Santander – London Branch, BNP Paribas and Société Générale in the deal. Cleary Gottlieb represented the Republic of Chile. The Republic of Chile completed an offering of €1.27 billion aggregate principal amount of its 1.250 percent notes due 2040 and an additional €693.7 million aggregate principal amount of its existing 0.830 […]

BorgWarner’s $3.3 Billion Acquisition of Delphi Technologies

Simpson Thacher & Bartlett LLP acted as BorgWarner legal advisor and Kirkland & Ellis LLP acted as Delphi Technologies legal advisor in the transaction. BorgWarner Inc. (NYSE: BWA) and Delphi Technologies PLC (NYSE: DLPH) have entered into a definitive transaction agreement under which BorgWarner will acquire Delphi Technologies in an all-stock transaction that values Delphi Technologies’ enterprise value […]