Simpson Thacher represented the underwriters, led by J.P. Morgan Securities LLC, Lloyds Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Securities USA LLC, in connection with the public offering by Air Lease Corporation of $600 million aggregate principal amount of 2.75% Senior Notes due 2023 and $500 million aggregate principal amount of 3.625% Senior Notes due 2027. The net proceeds of the offering will be used for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. (more…)

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Davis Polk is advising J.P. Morgan Securities LLC as financial adviser to Cavium, Inc. in connection with its $6 billion acquisition by Marvell Technology Group Ltd. The transaction is subject to the approval of the shareholders of Cavium and Marvell, as well other customary closing conditions and receipt of required regulatory approvals. (more…)

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McKool Smith Hennigan secured a $5 million jury verdict on behalf of The Roman Catholic Archbishop of Los Angeles and the California Institute of the Sisters of the Most Holy and Immaculate Heart of the Blessed Virgin Mary against developer Dana Hollister to recover legal fees stemming from a long running dispute in which Hollister attempted to interfere with the Archbishop’s $14.5 million deal to sell a former convent to international pop star Katy Perry and her company, The Bird Nest LLC. (more…)

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Farella Braun + Martel LLP served as real estate counsel to First Solar, Inc. (FSLR) with respect to the development and sale of First Solar’s 40 megawatt AC Cuyama solar project, located on approximately 320 acres of private land in Santa Barbara County, California. Farella’s work included land and gen-tie acquisition and real estate counsel and assistance with respect to the sale of the project to D. E. Shaw Renewable Investments (DESRI). (more…)

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Davis Polk advised Comcast Corporation in connection with an SEC-registered offering in Taiwan of $1 billion aggregate principal amount of 4.450% notes due 2047. The notes are listed on the Taipei Exchange and offered to professional institutional investors in Taiwan. (more…)

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Davis Polk advised Equinix, Inc. on its SEC-registered follow-on public offering of 6,069,444 shares of common stock including 791,666 shares that the underwriters purchased pursuant to their option to purchase additional shares. Equinix, Inc. intends to use the proceeds from the offering, together with the proceeds from its concurrent notes offering and existing term loan B borrowings, to finance the previously announced proposed acquisition of the colocation services business of Verizon Communications Inc. at 24 data center sites in the United States, Brazil and Colombia and related transaction fees and expenses and for general corporate purposes. (more…)

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Paul Hastings, a leading global law firm, announced today that it represented Dick Clark Productions Inc (“Dick Clark Productions”), the world’s largest producer and proprietor of televised live event entertainment programming, on its agreement for the sale of Dick Clark Productions to Dalian Wanda Group (“Dalian Wanda”) for approximately US$1 billion. The transaction marks Dalian Wanda’s first move into the television business. (more…)

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Covington advised Tencent Holdings Limited, a leading provider of internet service in China, in connection with its acquisition of a majority stake in Supercell from SoftBank. A consortium established by Tencent will acquire up to 84% of Supercell for $8.6 billion in a transaction valuing Supercell at approximately $10.2 billion. (more…)

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Simpson Thacher represented Nu Skin Enterprises, Inc. (NYSE: NUS) in connection with a $210 million strategic investment in Nu Skin from Ping An ZQ China Growth Opportunity Limited (“Ping An ZQ”), pursuant to which Ping An ZQ purchased 4.75% Convertible Senior Notes due 2020. Ping An ZQ’s investors consists of a consortium of Chinese investors led by Ping An of China Securities (Hong Kong) Company Ltd. and a group of additional investors affiliated with ZQ Capital Limited. Nu Skin will use the proceeds to repurchase common stock and invest in its China operations. (more…)

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On May 10, 2016, the United States District Court for the Central District of California, in a 31-page decision, dismissed a putative class action lawsuit for securities fraud against Yingli Green Energy Holding Company Limited. Judge Wright held that the plaintiffs failed to adequately plead a material misrepresentation or scienter and that certain allegations were barred on statute of limitations grounds. (more…)

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Davis Polk advised Texas Instruments Incorporated on its SEC-registered debt offering of $500 million aggregate principal amount of 1.850% notes due 2022. The offering was made through an underwriting syndicate led by Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Mizuho Securities USA Inc. (more…)

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Simpson Thacher represented the underwriters, led by Goldman, Sachs & Co., Deutsche Bank Securities Inc., and J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated in connection with the registered public offering by Apple Inc. (NASDAQ: AAPL) of $3.5 billion aggregate principal amount of additional notes over three tranches with maturities ranging from 5 to 30 years. The additional notes constituted a reopening of the $12 billion aggregate principal amount of notes initially issued on February 23, 2016, increasing the aggregate principal amount of the series to $15.5 billion. The net proceeds from the offering will be used for general corporate purposes, including repurchases of common stock and payment of dividends under Apple’s program to return capital to shareholders, funding for working capital, capital expenditures, acquisitions and repayment of debt. (more…)

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