Asbury Automotive Group, Inc’s $1 Billion Acquisition Of Park Place Dealerships

Jones Day is advising Asbury Automotive Group, Inc. Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement to acquire certain assets of Park Place Dealerships, one of the country’s largest and most prominent luxury dealer groups, for $1 billion in an […]

Texas Capital Bancshares’ $5.5 Billion Merger with Independent Bank Group

Willkie represented Texas Capital President and CEO C. Keith Cargill in the transaction. Fried Frank acted as counsel to Goldman Sachs as financial advisor to Texas Capital Bank. Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, announced […]

The Walt Disney Company’s $14 Billion Notes Exchange Offer

Cravath represented The Walt Disney Company in connection with its notes exchange offer totaling up to $14 billion. The Walt Disney Company (NYSE: DIS) announced the expiration and final results of its offer to exchange any and all of the $14,098,439,000 aggregate principal amount of its outstanding senior unsecured notes previously issued pursuant to an […]

Republic Of Peru’s $2.98 Billion Offering of Bonds and Tender Offers

Simpson Thacher advised the Republic of Peru on the deal. Shearman & Sterling advised initial purchaser Citibank del Perú S.A. and international initial purchasers BofA Securities, Inc., Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities plc. in connection with the issuance of the Republic of Peru’s Sol-Denominated 5.350% Bonos Soberanos due […]

Government Development Bank of Puerto Rico’s $2 Billion Title VI Restructuring

King & Spalding represented the GDB Debt Recovery Authority on issuing over $2 billion in bonds in the Government Development Bank of Puerto Rico Title VI restructuring. This was the first Title VI proceeding in the Puerto Rico proceedings, and a bell-weather case for other Title VI restructurings. GDB is a public corporation and government […]

China Huaneng Group’s US$1.5 Billion Triple-Tranche Bond Offer

Herbert Smith Freehills and its Shanghai joint operation office have advised energy conglomerate China Huaneng Group on its US$1.5 billion Regulation S offering of guaranteed fixed rate notes listed on the Hong Kong Stock Exchange. The issuance includes US$400 million 2.4% bonds due 2022, US500 million 2.6% guaranteed bonds due 2024, and US$600 million 3.0% […]

Lufthansa Group’s Sale Of The European Business Of LSG Group

Herbert Smith Freehills has advised Lufthansa Group on the sale of the European Business of LSG Group to airline caterer gategroup, advised by Freshfields Bruckhaus Deringer LLP. The companies also entered into long-term catering agreements for Frankfurt, Munich and Zurich hubs. In addition to the LSG Group’s European catering operations, the purchase agreement extends to […]

Revelstoke Capital Partners’ $1.4 Billion Fundraising and Acquisition of Upstream Rehabilitation

Houlihan Lokey Capital, Inc. served as placement agent for RCP Fund II, and PJT Park Hill served as financial advisor to RSAF I. Simpson Thacher & Bartlett LLP provided legal advice to the Funds. Winston & Strawn LLP provided legal advice, and Harris Williams served as financial advisor to Upstream Rehabilitation. Revelstoke Capital Partners, a […]

Parthenon Fund VI’s $2 Billion Fundraising

Ropes & Gray was counsel to Parthenon Fund VI. while Kirkland & Ellis represented Parthenon Capital for all management company documentation. Parthenon Capital announced its affiliate, Parthenon Investors VI, LP (“Parthenon Fund VI”), held its first and final closing with more than $2.0 billion in commitments. Parthenon Fund VI exceeded its initial fund target of […]

Volkswagen AG’s EUR 10 Billion Syndicated Revolving Credit Facility

Clifford Chance has advised a banks syndicate on a new EUR 10 billion five-year revolving credit facility for Volkswagen AG. The credit facility, offering two one-year extension options, attracted a strong level of interest during syndication and was significantly oversubscribed. The proceeds from the facility will be used for general corporate purposes. The banks syndicate […]