Pemex’s $5 Billion Notes Offering and $2.8 Billion Liability Management Transactions

Cleary Gottlieb represented Petróleos Mexicanos (PEMEX) in a debt offering and a series of liability management transactions intended to strengthen PEMEX’s financial condition. PEMEX offered two series of global notes under its U.S. $112,000,000,000 Medium-Term Notes Program, Series C, to be issued pursuant to Rule 144A and Regulation S, with registration rights, for an aggregate […]

Narbors’ $1 Billion Private Placement Offering and $800 Million Tender Offer

Vinson & Elkins advised the initial purchasers and the deal managers. Nabors Industries Ltd. (NYSE: NBR) announced that it has priced $600 million, with annual rate of 7.25%, in aggregate principal amount of senior guaranteed notes due 2026 and $400 million, with annual rate of 7.50%, in aggregate principal amount of senior guaranteed notes due […]

Province of Ontario’s $3 Billion Global Bond Offering

Davis Polk advised the underwriters, Citigroup, Goldman Sachs, Morgan Stanley, TD Securities, in connection with the offering. Province of Ontario issued $3 billion aggregate principal amount of 1.750% bonds due January 24, 2023. The Davis Polk capital markets team included partner Deanna L. Kirkpatrick (Picture), counsel Jeffrey S. Ramsay and associates Carrie Guo and Ariel […]

CVR Energy’s $1 Billion Senior Notes Offering

Baker Botts L.L.P. represented CVR Energy in the offering. CVR Energy, Inc. (NYSE: CVI) announced the pricing of its private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $1.0 billion in aggregate principal amount of senior unsecured notes, consisting of $600 million […]

Chatterjee Group and Rhône Group’s $2.725 Billion Acquisition of Lummus Technology

Paul, Weiss advised principal investment firm The Chatterjee Group and private equity firm Rhône Group in their joint bid to acquire McDermott International, Inc.’s Lummus Technology Group. The base purchase price was $2.725 billion. Subject to bankruptcy court approval, the Chatterjee Group and Rhône Group will jointly serve as the stalking horse bidder for Lummus […]

Clearstream’s Acquisition Of A Majority Stake In UBS Fondcenter

Baker McKenzie advised UBS in the deal. UBS sold a majority stake (51.2%) in UBS Fondcenter (‘Fondcenter’), its B2B fund distribution platform, and part of its Asset Management business division, to Clearstream, Deutsche Börse Group’s post-trade services provider. The Baker McKenzie team was led by Pascal Richard (Picture), Petra Hanselmann (both M&A), Ansgar Schott (Regulatory) […]

Laredo Petroleum’s $1 Billion Senior Notes Offering

Paul Hastings LLP, a leading global law firm, advised BofA Securities, Wells Fargo Securities, BMO Capital Markets, Goldman Sachs & Co. LLC, Barclays and Capitol One Securities as joint book-running managers in the offering of $1 billion aggregate principal amount of senior notes by Laredo Petroleum, Inc. Akin Gump Strauss Hauer & Feld LLP advised […]

Altice International’s €2.8 Billion Refinancing

Vinson & Elkins represented Credit Suisse Securities (Europe) Limited, J.P. Morgan Securities LLC, J.P. Morgan Securities plc, Barclays Bank PLC, Barclays Capital Inc., BNP Paribas, Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, Deutsche Bank AG, London Branch, Goldman Sachs International, ING Bank N.V., London Branch, Morgan Stanley & Co. International plc, Nomura […]

Citigroup’s $2.25 Billion Notes Offering

Cleary Gottlieb represented the underwriters, led by Citigroup Global Markets Inc. in the offering. Citigroup issued a registered offering of $2,250,000,000 of 2.666 percent fixed rate / floating rate callable senior notes due 2031. The securities were offered for sale in the United States, Europe, Asia and elsewhere. The interest payment calculation during the floating […]

EQT Corporation’s $1.75 Billion Senior Notes Offering

Kirkland & Ellis and Morgan Lewis acted as counsel to EQT Corporation, while Simpson Thacher recently represented the underwriters in connection with the public offering. EQT Corporation executed the public offering of $1.0 billion in aggregate principal amount of EQT’s 6.125% Senior Notes due 2025 and $750 million in aggregate principal amount of EQT’s 7.000% […]

Energy Transfer Operating’s $1.6 Billion Perpetual Preferred Units Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with the offering of $1.6 billion of preferred units was comprised of 500,000 of ETO’s 6.750% Series F Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference $1,000 per unit, and 1,100,000 of ETO’s 7.125% Series G Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units, liquidation preference […]