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10
World Report - USA
Shearman & Sterling Advises on Bank of Montreal’s $1.3 Billion Medium-Term Notes Offering
Shearman & Sterling represented BMO Capital Markets Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC as lead underwriters in connection with a registered public offering of $1 billion aggregate principal amount of 1.300% Senior Notes due 2017 and $300 million aggregate principal amount of Floating Rate Notes due 2017 by Bank of Montreal, under its US medium-term note program.
Bank of Montreal, established in
1817 and based in Canada, serves more than 12 million personal, commercial, corporate and institutional customers in North America and internationally.
The following Shearman & Sterling team advised the underwriters in the transaction: partners Jason Lehner (Toronto/New York-Capital Markets) and Laurence Crouch (Palo Alto-Tax), and associates Kevin Roggow (Toronto-Capital Markets), Bilal Choksi (Toronto- Capital Markets) and Alice Townes (Palo Alto-Tax).
JULY 2014
Clifford Chance helps GTech secure US $10.7 billion in financing for merger with IGT
A Clifford Chance team led out of the US is advising GTECH S.p.A. in connection with up to US $10.7 billion in committed financing from Credit Suisse, Barclays and Citigroup. The financing will be used to support GTECH's announced US $4.7 billion acquisition of Las Vegas, Nev., based International Game Technology, Inc., and to potentially refinance existing debt.
The merger is expected to close in the first half of 2015, at which time IGT and GTECH will combine under a newly formed UK holding company — NewCo — that will be listed on the New York Stock Exchange. NewCo will maintain corporate headquarters in the United Kingdom and operating
headquarters in Las Vegas, Providence, R.I., and Rome, Italy.
A global Clifford Chance team comprised of lawyers in New York, London and Milan is advising GTECH on this transaction. The financing is being overseen by partners Gary Brooks and Tom Schulte and counsel Daniel Winick of the firm's New York office, with partners Charles Adams (Milan), Stewart Dunlop (London) and Filippo Emanuele (Milan) coordinating the UK and Italian law aspects. Partners Sarah Jones (New York) and Patrick Sarch (London) are directing the UK M&A facets of the deal. Associates Kevin Fernandez (New York), Alex Franks (London) and Katherine Moir (London) are also heavily involved.
Hunton & Williams Prepares ‘Business Without Borders,’ A Report on the Importance of Cross-Border Data Transfers to Global Prosperity
Hunton & Williams, in collaboration with the US Chamber of Commerce, recently issued “Business Without Borders: The Importance of Cross- Border Data Transfers to Global Prosperity,” a report which highlights the benefits of cross-border data transfers to businesses in the international marketplace. The report underscores the importance of developing data transfer mechanisms that protect privacy and facilitate the free-flow of data, and also explores opportunities for new data transfer regimes.
On July 8, lead Hunton co-author Bridget Treacy, head of the UK privacy and cybersecurity practice, will introduce the report during a panel event in Brussels, hosted by The German Marshall Fund of the United States and the US Chamber of Commerce. The event, titled
“Business Without Borders: Exploring Ways to Move and Protect Data,” will focus on digital trade and provide a platform for companies to discuss the policies necessary to ensure success in the Information Age. Treacy will address the degree
to which today’s businesses rely on cross-border data flows and digital commerce.
“The seamless transfer of data across borders is what allows the global economy to grow and
prosper,” said Treacy. “Privacy safeguards are critical, but to encourage global growth, we need to re-think how data should flow globally — data need not be constrained by national boundaries.”