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Covington has a sophisticated finance practice active in public and private credit and capital markets.
We advise borrowers and lenders, including corporations, private investment funds, financial advisers, commercial banks, investment banks, and other financial institutions with regard to a wide variety of debt financing matters, including acquisition financings, secured, unsecured and mezzanine financings, asset based loans, lease, structured and project financings, derivative financial products, commercial bank lending transactions, restructurings, and debtor-in-possession and exit financings.
Our finance lawyers frequently complement their transactional expertise with the firm’s leading industry and regulatory expertise in areas such as communications, energy, financial institutions, life sciences, sports, technology and transportation, as well as the firm’s capabilities in creditors’ rights, bankruptcy law, antitrust, environmental regulation, ERISA, real estate, and tax.
Covington is widely recognized as a leader in the highly specialized field of pharmaceutical royalty monetizations, structured both as sales directly to investors and as financings through special purpose vehicles. We have been involved in the royalty monetization market from its early stages and have advised on royalty monetization transactions with an aggregate value in excess of $5 billion. We advise all of the principal participants in these transactions, including major universities, financial investors, individual inventors, and life sciences companies. Covington’s deep experience in royalty monetizations has given us an understanding of, and familiarity with, the perspectives and requirements of the participants in this novel and growing market, and allows us to design structures to successfully and efficiently implement these unique and complex transactions.
Project Finance and Development
As part of our overall finance practice, we advise developers, sponsors, equity investors, and bank groups in all aspects of project development and project finance. We represent banks lending to, and corporate sponsors and developers of, and equity investors in a variety of infrastructure projects, including the project financing of power plants and stadiums. We also advise clients through all stages of project development, including planning, acquisition, construction, financing and refinancing, and operations.
Covington’s finance practice advises asset managers, investors, lenders, and other parties in structuring, executing, and managing sophisticated pooled investments and complex structured investment products. We handle transactions involving a diverse range of asset classes and deal structures, including CDO/CLOs, equity- and credit-linked notes, auction rate securities, cash and synthetic deals, and multi-tranche and single-tranche transactions. Our lawyers have extensive experience with the financial derivatives used in connection with structured products, including interest rate and currency swaps, total return swaps, credit default swaps, and equity derivatives.
Represented Aristocrat Leisure Limited in its $1.4 billion financing in connection with its acquisition of Video Gaming Technologies, Inc.
Represented Northwestern University, and an inventor affiliated with Northwestern University, in a series of royalty monetizations (structured both as sales and as financings through special purpose vehicles), including Northwestern’s 2007 sale of a portion of its worldwide royalty interest in Lyrica for $700 million, the largest monetization of a royalty stream for a single pharmaceutical product.
Represented Salix Pharmaceuticals in its $1.95 billion acquisition financing and an additional $150 million revolving credit facility in connection with its acquisition of Santarus, Inc.
Represent Calpine’s JFK Energy Center (KIAC Partners) as project counsel, including in the original structuring and planning of the project, a $175 million combined bank facility and bond financing and a $250 million Rule 144A bond refinancing, structuring and negotiating numerous commercial contracts, and achievement of commercial operations.
Represented The Goodyear Tire & Rubber Company in a $620 million refinancing of a revolving credit facility for its European businesses.
Represented Investment Funds affiliated with Athyrium Capital Management in a $100 million senior secured credit financing transaction for Cipher Pharmaceuticals to fund acquisitions.
Represented a Fortune 500 company in a €400 million pan-European account receivable securitization funded through a commercial paper conduit.
Represented investment funds affiliated with OrbiMed Advisors in connection with a $90 million senior secured credit facility to Iroko Pharmaceuticals to finance the commercial launch of a pharmaceutical product.
Represented The Kennedy Trust for Rheumatology Research (a UK charitable trust which currently funds a major research institute at Oxford University) in the structured sale of a portion of its worldwide royalty interests in Remicade and Simponi.
Represented a major U.S. investment bank in developing and structuring a liquidity alternative for auction rate securities investors.
Represented University of Pennsylvania in the structured sale of a portion of its worldwide royalty interests in Juxtapid.
Represented Green Lake Capital in its solar development financing activities, including a pooled power purchase transaction covering six megawatts DC of distributed solar facilities located at municipal sites throughout California.
Represented Calpine and its subsidiaries, in over $10 billion of subsidiary project financings (in the form of project bonds, secured bank financings and subsidiary preferred stock), senior secured working capital credit agreements aggregating over $3.5 billion, and senior unsecured bridge financings aggregating $1.2 billion.
Represent U.S. and international investors in bespoke CDO, variable rate note, equity- and credit-linked note, and other complex structured product investments.
Represented Borrego Solar Systems, Inc. in connection with its $47 million project finance fund with partners U.S. Bank and East West Bank.
ICICI Bank Limited, India’s second largest bank, and Standard Chartered Bank, India’s largest international bank, as joint lead arrangers for an aggregate of $925 million in project financings supporting power plant and port expansion projects being undertaken by two affiliates of Reliance Industries.
Represented GSP Finance as lender in its NBA -related financings, including financings provided to the Sacramento Kings and the holding company for the New Jersey Nets.
Represented Kayne Anderson Capital Advisors on a range of its lending transactions and other investments, including loans to (and other investments in) Sport 10 IP Limited, the holding company that owns all of Pelé’s marketing rights as well as the rights to all of Pelé commercial appearances.
Advising Borrego Solar Systems, Inc. on a variety of corporate, financial and operational matters in a dynamic and rapidly changing solar market. Borrego is one of the oldest and largest solar integrators in California with over 25 years of experience. We counseled Borrego on tax, regulatory and corporate matters related to power purchase agreement, engineering procurement and constructions contracts, operations and maintenance contracts and site access agreements on more than 30 projects.
SandRidge Energy, Inc., a natural gas and crude oil exploration and production company, in a $1.1 billion secured revolving credit facility.
Advised the NFL on its multi-billion dollar league-wide credit facilities, consisting of a revolving credit facility and multiple term note offerings. Over 20 NFL teams participate in these facilities, which are negotiated by the NFL on behalf of its member clubs and allow participating clubs to obtain financing on favorable terms through a structured arrangement that gives lenders priority access to the teams’ share of national television revenues and which is otherwise secured by a pledge of all of the assets of each participating club.
ICICI Bank Limited, India’s second largest bank, as the lender in a $1.7 billion structured financing for an affiliate of an India-based multinational company.
Represented ICICI Bank Limited, India’s second largest bank, and Standard Chartered Bank, India’s largest international bank, as joint lead arrangers for an aggregate of $925 million in project financings supporting power plant and port expansion projects being undertaken by two affiliates of Reliance Industries.
Represent collateral managers in numerous CDO and CLO transactions.
Represented Babcock & Brown in the financing of three ethanol production facilities.
Represented Emory University in a ground-breaking sale of its royalty interests in Emtriva for $540 million, the first royalty monetization conducted by auction and IDD’s 2005 Healthcare Deal of the Year.
Represented Duke University in the sale of a portion of its worldwide royalty interests in Myozyme and Lumizyme.
Representing Wood Fuels LLC in development and financing of a wood pellet production facility in North Carolina.
Green Lake Capital in its solar development financing activities, including a pooled power purchase transaction covering six megawatts DC of distributed solar facilities located at municipal sites throughout California.
Smith Electric Vehicles Corp. in its $35 million Series C preferred stock financing; in its $40 million Series D preferred stock financing; and in a private placement of convertible senior notes.
Represented Tencent Holdings Limited in its $8.6 billion acquisition of a majority stake in Supercell Oy, developer of Clash of Clans, Clash Royale, Boom Beach and Hay Day, from SoftBank.
February 7, 2017, The National Law Journal
Keir Gumbs is featured by The National Law Journal in an article about the role of outside counsel in keeping clients abreast of the changing financial regulatory landscape under President Trump. “To be honest, I think what I find myself doing and other regulatory lawyers doing is not that dissimilar to what [reporters] do,” says Gumbs. This includes setting up ...
January 18, 2017, The Law Society Gazette
Graham Vinter is quoted by The Law Society Gazette in an article regarding the new initiative of the Bingham Centre for the Rule of Law, which he will chair. According to Vinter, “As multinational companies develop their supply chains and markets both at home and around the world, they are encountering a complex set of legal risks including contractual ...
November 7, 2016, Agenda Week
Keir Gumbs is quoted in an Agenda Week article regarding the new wave of shareholder proposals on proxy access. According to Gumbs, “the million-dollar question right now” is whether companies can omit shareholder proposals if they have implemented some of the provisions proponents have asked for, but not all of them.
Historically, the SEC has assessed ...
October 26, 2016, Bloomberg BNA
Keir Gumbs is quoted in a Bloomberg BNA article regarding the effect of having one “universal” proxy ballot on activist campaigns. According to Gumbs, “Right now, it’s expensive, you have to hire lawyers and solicitors, and there’s no guarantee that you’ll win.” He adds that “your chances go up dramatically” if companies are required to include an activist’s ...
September 26, 2016
LONDON—Graham Vinter, General Counsel of BG Group plc from 2007 until 2015, has joined Covington’s London office. Mr. Vinter will chair the firm’s Project Finance practice and supervise an expansion of the firm’s capabilities in this area.
At BG Group, Mr. Vinter was a member of the Group Executive Committee and reported to the Chief Executive Officer. He was ...
September 26, 2016, Legal Week
Timothy Hester and Graham Vinter are quoted in a Legal Week article regarding Vinter’s recent arrival. According to Hester, "We see an opportunity at Covington to build a leading projects practice that also provides synergies with other parts of the firm - in particular, arbitration, government affairs, tax, corporate, IP, and energy regulation. As we move along ...
September 26, 2016, The Lawyer
Timothy Hester and Graham Vinter are quoted by The Lawyer in an article regarding Vinter’s arrival. According to Hester, Vinter’s hire was “an opportunity to build a leading projects practice that also provides synergies with other parts of the firm – in particular, arbitration, government affairs, tax corporate, IP and energy regulation.”
Vinter adds, ...
September 26, 2016, Legal Business
Timothy Hester and Graham Vinter are quoted in a Legal Business article regarding Vinter’s arrival as chair of Covington’s Project Finance practice. Hester describes Vinter as a “veteran of the project finance industry [who] is highly respected worldwide for his unparalleled knowledge of the sector.” He adds, “We see an opportunity at Covington to build a ...
September 26, 2016, Law360
Timothy Hester and Graham Vinter are quoted in a Law360 article regarding Vinter’s recent arrival as chair of the firm’s Project Finance practice. According to Hester, “Graham is a veteran of the project finance industry and is highly respected worldwide for his unparalleled knowledge of the sector.” He continues, “We see an opportunity at Covington to build a ...
August 5, 2016
NEW YORK—Covington advised Dana-Farber Cancer Institute in its monetization of a portion of its interest in royalties related to its Programmed Death Ligand-1 (PD-L1) intellectual property. PD-L1 inhibitors are immuno-oncology drugs used for the treatment of various types of metastatic cancer.
CPPIB Credit Europe S.à r.l., a wholly owned subsidiary of Canada ...
July 15, 2016
NEW YORK—Covington advised Medical Research Council Technology, a UK-based independent life science medical research charity, in its sale of a portion of the royalty stream associated with its cancer drug Keytruda® for $150 million (£115.6 million).
Keytruda® (pembrolizumab), is a new generation treatment which stimulates the body’s immune system to fight ...
June 21, 2016
SILICON VALLEY—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.
Supercell is a ...
May 13, 2016, American Banker
Christopher DeCresce is quoted in this American Banker article exploring whether more fintech companies will seek bank charters. According to DeCresce, one sector in fintech that may soon be forced to look at the option is marketplace lenders. "They have to register in every state they want to do business in, and that can be a cumbersome process," he says. "A ...
April 1, 2016, Covington Alert
Yesterday, the Office of the Comptroller of the Currency issued a whitepaper, Supporting Responsible Innovation in the Federal Banking System: An OCC Perspective, that introduces the agency’s principles for facilitating and regulating “responsible innovation” in the federal banking system, particularly in financial technology or “fintech.” The whitepaper ...
March 7, 2016, Covington Alert
March 7, 2016
LONDON — Carlo Kostka has joined Covington’s global financial institutions practice resident in the firm’s London office.
Most recently Mr. Kostka served as co-head of UniCredit's legal department, where he was responsible for international legal operations, including all legal matters related to the corporate and investment banking division, significant ...
September 30, 2015
NEW YORK - Covington advised the underwriters in the $106.1 million initial public offering by Austrian-based Nabriva Therapeutics AG of 10,350,000 million American Depositary Shares, representing 1,035,000 shares of Nabriva’s common stock. This was the first U.S. initial public offering by an Austrian company. The ADSs are now listed on the NASDAQ Global Market ...
September 11, 2014, Law360
Covington's Stephen Humenik is quoted in this article regarding which aspects of Dodd-Frank rules are the source of most concern for energy firms:
"Most of the Dodd-Frank rules affecting energy firms — primarily issued by the U.S. Commodity Futures Trading Commission — are already on the books either in proposed or final form."
“There are few important ones ...
August 29, 2014, The New York Times
Covington's David Martin is quoted in this article regarding Luis Aguilar, a commissioner at the S.E.C., stating that he was concerned that the agency’s stance on cases involving executives who put misleading and fraudulent numbers into their financial filings might be weakening.
"Mr. Aguilar’s missive goes to the heart of one of the S.E.C.’s main jobs – ...
July 10, 2014, Bloomberg
Covington partner David Martin is quoted regarding Alibaba Group Holding Ltd.’s proposal for what could be the largest initial stock offering in U.S. history.
"The SEC’s anticipated approval of the offering documents will follow a staff review and won’t be voted on by the full five-member commission. The process isn’t designed to judge the offering, only to ...
June 3, 2014, Reuters
Covington partner John Dugan is quoted in Reuters regarding Basel III capital rules.
The article states, "In a May speech, Fed Governor Daniel Tarullo condemned the latitude that Basel III gives banks to use their own models. While he was expressing his own views, a source familiar with the matter told Reuters that Tarullo's opinion is held by other ...
April 22, 2014, Wall Street Journal
Covington partner Edward Yingling is quoted in regards to Sen. Elizabeth Warren pushing top regulators, in public and in private, to get tougher on the nation's largest banks. The article states, "Industry representatives say her criticism of financial institutions has given regulators a green light to turn up the heat on banks. 'I think what really happened was ...
April 21, 2014, Bloomberg BNA
Covington's Jean Veta is quoted regarding U.S. financial institutions facing increased scrutiny from federal law enforcement agencies and regulators concerning efforts to comply with anti-money laundering statutes and regulations. Says Veta, “It's manifesting itself in a greater emphasis during regulatory exams, an increased number of enforcement actions, bigger ...
April 16, 2014, The Daily Journal
David Bayless is quoted regarding the new SEC director in San Francisco.
July 24, 2013, Covington Advisory
July 3, 2013, Covington Advisory
May 31, 2013, Covington E-Alert
January 7, 2013
NEW YORK, January 7, 2013 — Covington & Burling advised Illumina, Inc. on its announced acquisition of Verinata Health, Inc. for cash consideration of $350 million plus up to $100 million in milestone payments through 2015.
Upon completion of the acquisition, Illumina will have access to the Verinata’s verifi® prenatal test, the broadest non-invasive prenatal ...
January 3, 2013, Covington Advisory
November 1, 2012
WASHINGTON, DC, November 1, 2012 — Covington & Burling opens its Seoul office today after securing final approval from the Korean Ministry of Justice and the Korean Bar Association.
The new office will be located in the Meritz Tower, at 825-2, Yeoksamdong in the heart of Seoul’s Gangnam business district.
“We are honored to be among the first U.S. law firms to ...
October 1, 2012
WASHINGTON, DC, October 1, 2012 — Covington & Burling is pleased to announce that it has elected 15 new lawyers to its partnership.
This group is comprised of diverse and talented individuals from five offices who have made their mark at the firm through exceptional work and the highest standards of client service.
“We’re delighted to welcome these 15 lawyers to ...
August 27, 2012
WASHINGTON, DC, August 27, 2012 — Covington & Burling LLP lawyers received 196 individual mentions in 57 areas of law in the 2013 edition of The Best Lawyers in America. This annual compilation of top U.S. lawyers is based on peer-review surveys and is used as a referral guide in the legal profession.
The Covington lawyers recognized are as ...
June 4, 2012
NEW YORK, June 4, 2012 — Covington advised SandRidge Energy, Inc. on the sale of its non-core tertiary recovery business for $130 million to Morgan Stanley Global Private Equity portfolio company Trinity CO2 Investments. The divested properties are located in West Texas and currently produce approximately 1,100 barrels of oil per day.
SandRidge Energy is an oil ...
April 30, 2012
NEW YORK, April 30, 2012 — Covington & Burling LLP is pleased to announce that capital markets lawyers Don Murray and Eric Blanchard will join the firm’s corporate practice as partners effective May 1st. They will be resident in the firm’s New York office.
Mr. Murray and Mr. Blanchard represent underwriters and issuers in initial public offerings and other ...
NEW YORK, April 23, 2012 — Covington & Burling represented Thomson Reuters in a definitive agreement to sell its Healthcare business to an affiliate of Veritas Capital for $1.25 billion in cash.
The sale, expected to close in the next few months, is subject to regulatory approval and customary closing conditions, including the expiration or termination of ...
April 16, 2012
WASHINGTON, DC, April 16, 2012 — Covington & Burling is pleased to announce the promotion of one lawyer to of counsel and five lawyers to special counsel, effective April 1, 2012.
Wendy Feng (San Francisco), the new of counsel, represents policyholders in insurance coverage cases in state and federal courts. She provides strategic claims-related advice and has ...
April 13, 2012
WASHINGTON, DC, April 13, 2012 — Covington & Burling advised Tom Benson, the longtime owner of the New Orleans Saints, in his purchase of the New Orleans Hornets for an undisclosed sum. The purchase and related agreements were finalized this week. Closing is expected before the end of June.
“I am very grateful to Bruce Wilson and the Covington team,” Mr. ...
February 15, 2012
WASHINGTON, DC, February 15, 2012 — BTI Consulting Group named Tim Hester, chair of Covington & Burling’s management committee, as one of its 2012 “Client Service All-Stars.”
The BTI “Client Service All-Stars” are North American and European lawyers who have been identified based on the unprompted, unequivocal recommendations from corporate counsel for ...
January 11, 2011
NEW YORK, January 11, 2011 — Scout Partners LLC has announced that it has made a growth capital investment in The Hinckley Company. Terms of the transaction, which closed on December 30, 2010, were not disclosed. Covington & Burling LLP advised Scout Partners on the deal.
Scout Partners, a partnership between David Howe and Peterson Capital LLC, was created ...
NEW YORK, January 6, 2011 — Charlesbank Capital Partners has announced that it has acquired Peacock Engineering Company, LLC, a leading provider of outsourced food packaging and supply chain management services to many of the nation’s largest branded consumer products companies, from Behrman Capital. The terms of the transaction, which closed on December 21, ...
November 9, 2010
NEW YORK, November 9, 2010 — Atlas Pipeline Holdings L.P. and Atlas Energy, Inc. announced today that they have entered into an agreement for Atlas Holdings to acquire from its parent, Atlas Energy, all of Atlas Energy’s partnership management business and certain producing oil & gas assets for total consideration of $250 million, consisting of $220 million in ...
June 17, 2010
WASHINGTON, DC, June 17, 2010 — Arginetix, Inc. and Immune Control Inc. today announced their merger to form Corridor Pharmaceuticals, Inc., which will develop novel treatments for vascular diseases with an initial focus on pulmonary arterial hypertension (PAH). Corridor, which will be based in Baltimore, Maryland, will develop treatments based on the ...
May 21, 2010
NEW YORK, May 21, 2010 — Charlesbank Capital Partners, LLC and Cedar Creek Lumber have announced a recapitalization whereby Charlesbank will acquire majority ownership of Cedar Creek. The transaction, which is structured as an asset purchase, will provide the Cedar Creek business with capital to grow organically and expand within the wholesale building materials ...
April 23, 2010
WASHINGTON, DC, April 23, 2010 — The NCAA has announced a new 14-year television and new media rights agreement with CBS Sports and Turner Broadcasting System, Inc., to present the Division I Men's Basketball Championship beginning in 2011 through 2024 for total rights fees of approximately $10.8 billion. As part of the agreement, all games will be shown live ...
NEW YORK, NY, November 2, 2009 — Charlesbank Capital Partners, LLC has announced the formation of Blacksmith Brands Inc. with the acquisition of five over-the-counter consumer products brands from McNEIL-PPC, Inc. Covington & Burling LLP advised Charlesbank on the transaction. The brands acquired by Blacksmith include: Efferdent denture cleaner; Effergrip ...
May 19, 2008
NEW YORK, NY, May 19, 2008 — Resource America, Inc. has announced that its subsidiary, Apidos Capital Management, LLC ("Apidos"), has successfully been assigned the management contracts of four Collateralized Loan Obligations (CLOs) totaling approximately $1.3 billion. Covington & Burling LLP advised Resource America and Apidos on the transaction. Resource ...
NEW YORK, NY, December 18, 2007 — Covington & Burling LLP advised Northwestern University in the sale of a portion of its worldwide royalty interest in Lyrica® to Royalty Pharma for $700 million in cash. The transaction is the largest sale ever of a royalty stream for a pharmaceutical product. John Gourary, co-head of Covington’s finance practice, together with ...
November 20, 2007
LONDON, November 21, 2007 - This autumn Chambers and Legal 500 UK have recognised the London office of Covington & Burling in a combined 20 categories, praising the firm’s experts for “creative and commercial thinking” and “outstanding expertise” as well as “diversity of skills.” The firm’s London office has also achieved seven individual rankings and a further ...
May 8, 2007
LONDON, 8 May, 2007 — Covington & Burling LLP today announced its role in advising ICICI Bank Limited, India’s 2nd largest bank, and Standard Chartered Bank, India’s largest international bank, as joint lead arrangers for an aggregate of US$925m in project financings supporting two separate projects being undertaken separately by Reliance Ports and Terminals ...
WASHINGTON, D.C., October 16, 2006 — The board of directors of JLG Industries, Inc. (NYSE: JLG) has approved an all cash offer of $28.00 per common share to merge with, and become, a subsidiary of Oshkosh Truck Corporation (NYSE: OSK). According to JLG’s press release, the $3.2 billion merger is dependent on the approval of JLG shareholders. The transaction is ...
June 23, 2006
NEW YORK, June 23, 2006 - The board of directors of Kerr-McGee Corp. (NYSE: KMG) has approved an all cash offer of $70.50 per common share to merge into Anadarko Petroleum Corp. (NYSE: APC). According to Kerr-McGee's press release , the $18 billion merger is dependent on the approval of Kerr-McGee stockholders. It is expected to be finalized by the end of ...
December 9, 2005
WASHINGTON, D.C., December 9, 2005 - Covington & Burling advised Charlesbank Capital Partners, LLC, a leading middle-market private equity investment firm, on its acquisition of Zenith Products from Masco Corporation. Zenith is a leading designer and manufacturer of bathroom storage products and accessories for the retail market. The transaction was funded ...
WASHINGTON, D.C., December 9, 2005 - Covington & Burling represented Tronox Inc. in the completion of its initial public offering and related debt financings valued at approximately $800 million. Tronox's IPO involved 17,480,000 shares of its Class A common stock and approximate gross proceeds of $245 million.
Covington also advised on related debt ...
October 3, 2005
WASHINGTON, D.C., October 3, 2005 - Covington & Burling announced the election of ten new partners, effective October 1. Stuart Stock, chair of the firm's management committee, commented: "These exceptional lawyers reflect the strength, excellence and diversity of the firm, and the continuing growth of our practices across the firm." Covington's newest partners ...
July 21, 2005
NEW YORK, NY, July 21, 2005 - Covington & Burling advised Emory University in the sale of its emtricitabine royalty interest to Gilead Sciences and Royalty Pharma for $540 million. The royalty interest was sold through means of an auction run by Citigroup Global Markets, financial advisor to Emory University, and is the largest known sale of a royalty stream ...
May 11, 2005
WASHINGTON, D.C., May 11, 2005 - Covington & Burling advised Mobile Satellite Ventures and TerreStar Networks Inc. in connection with a recently announced private equity deal. According to the terms of the transaction, Motient Corp., an owner of MSV, purchased $200 million of TerreStar's common stock. After the deal, Motient Corp. will own approximately 61% ...
April 14, 2005
NEW YORK, NY, April 14, 2005 - Kerr-McGee Corporation announced today its intention to repurchase up to $4 billion of common stock through a modified "Dutch Auction" tender offer. Covington advised Kerr-McGee on this matter.Kerr-McGee has also obtained commitments from JP Morgan and Lehman Brothers, Inc., which will be used to finance the tender offer and ...
March 31, 2005
LONDON, UK, March 31, 2005 - International law firm Covington & Burling has advised Pantheon International Participations PLC ("PIP"), an investment trust company and the longest-established private equity fund of funds traded on the London Stock Exchange, on its £87.5 million placing of new redeemable shares by Dresdner Kleinwort Wasserstein Securities with ...
March 17, 2005
WASHINGTON, D.C., March 17, 2005 - Covington & Burling represented JLG Industries, Inc. (NYSE: JLG) in its underwritten offering of 5,750,000 shares of common stock at a price to the public of $21.97 per share. JLG will use a portion of the approximately $120 million in net proceeds to redeem $61.25 million in principal amount of the Company's 8-3/8% Senior ...
March 14, 2005
WASHINGTON, D.C., March 14, 2005 - Covington & Burling advised Reliance Infocomm Limited in connection with its $750 million financing from the Export-Import Bank of the United States and Export Development Canada. The financing was provided to assist Reliance Infocomm in building a state of the art telecommunications infrastructure for India -- the largest ...
December 18, 2002
December 18, 2002 - NEW YORK, NY - Covington & Burling represented Computer Associates on its issuance of $460 million principal amount of Convertible Senior Notes due 2009 through a private offering to qualified institutional buyers under Rule 144A and offshore under Regulation S. Concurrently with the issuance of the notes, CA purchased call spread repurchase ...
December 12, 2002
December 12, 2002 - NEW YORK, NY - Covington & Burling's New York office advised USA Interactive on its private placement of $750 million aggregate principal amount of 7% Senior Notes due 2013 announced today by USA Interactive.
Covington's team was led by corporate partner J. D. Weinberg with assistance from corporate associates Julia Shin and Terence Brenner. ...
May 8, 2002
May 8, 2002 - WASHINGTON, NEW YORK, LONDON & SAN FRANCISCO - Covington & Burling has promoted seven attorneys to counsel positions effective April 1, 2002. The new counsel are Dennis B. Auerbach, Wendy L. Feng, Marie A. Lavalleye, John B. Maclay, Lucinda Osborne, Lisa Peets and Elaine W. Stone.
Mr. Auerbach is Of Counsel in the Washington office. His ...
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