Capital Markets

  • November 1, 2012

    Chesapeake Seeks $2B To Retire Pricey Loans

    Chesapeake Energy Corp. said Thursday that it will issue $2 billion in new debt to replace more expensive loans, its second major refinancing in five months as it moves to tackle a bloated balance sheet and finance its transition from gas to oil.

  • October 29, 2012

    Davis Malm Guides Clean Harbors In $1.25B Safety-Kleen Buy

    Waste management company Clean Harbors Inc. will fork over $1.25 billion for private equity-backed Safety-Kleen Inc., the buyer said Monday, ending a longtime pursuit and allowing Clean Harbors to expand its offerings to include oil recycling.

  • October 26, 2012

    Dodd-Frank May Survive Romney, But Not In One Piece

    If Republican presidential nominee Mitt Romney wins the election in two weeks, the realities of congressional politics could make a full repeal of the Dodd-Frank Act impossible, but attorneys say he could still gut the law by weakening its most controversial provisions.

  • October 25, 2012

    Rushed Volcker Rule Could Mean Compliance Chaos, Attys Say

    Backers of the Volcker rule are pushing for a final version of the Dodd-Frank Act's ban on proprietary trading in short order, but attorneys say that if regulators cannot agree on a single interpretation of the act's many provisions, a rushed rule could be nearly impossible to comply with.

  • October 24, 2012

    Edwards Wildman Adds Capital Markets Pro From Cozen

    Edwards Wildman Palmer LLP has responded to a steady demand for insurance-linked securities investments by hiring an attorney who has represented private equity firms, banks and insurers to shore up its capital markets team in New York, the firm announced Wednesday.

  • October 17, 2012

    Spending For Securities Counsel Will Grow In 2013, GCs Say

    Companies will pump more money into securities-related legal efforts in 2013, a year that will see the continuation of a multibillion-dollar Federal Reserve plan to snap up mortgage-backed securities that has shaped the marketplace, according to a new study on corporate legal spending.

  • October 16, 2012

    IPO Window Cracks Open, But Move Fast, Experts Say

    An October spike in initial public offerings by private equity- and venture-backed companies suggests the window — shut tight since Facebook Inc.'s May flop — may be opening, breathing new urgency into boardroom discussions about going public before it closes again.

  • October 15, 2012

    Feds Vow To Help Community Banks Meet Capital Regs

    Top U.S. banking regulators on Monday defended their plans to extend increased capital requirements to community banks as a necessary tool for promoting stability following the global financial crisis, but pledged to make it easier for community banks to comply with those standards.

  • October 12, 2012

    Thor's Chicago Hilton Lands $365M Refinancing Package

    Developer Thor Equities LLC has nabbed a $365 million refinancing package for the luxury Palmer House Hilton hotel it owns in Chicago, Jones Lang LaSalle, which brokered the complex deal, announced Friday.

  • October 12, 2012

    Latham, Bennett Rep Gibson In $445M Energy Services Co. Buy

    Major Canadian midstream energy distributor Gibson Energy Inc. is poised to complete a $445 million deal to acquire the parent company of OMNI Energy Services Corp., which provides environmental protection services to the oil industry, from an affiliate of Wellspring Capital Management LLC, Gibson said Thursday.

  • October 12, 2012

    Origin Raises $500M To Fund Aussie LNG Export Project

    Australia's Origin Energy Ltd. on Friday raised €500 million ($647 million) in new debt to meet its funding obligations for Australia Pacific LNG, the $20 billion gas export project it is developing with ConocoPhillips Co.

  • October 11, 2012

    Akin Gump Lands Corporate Aces From Haynes And Boone

    Akin Gump Strauss Hauer Feld LLP has scored a seven-partner team from Haynes and Boone LLP that includes bankruptcy, mergers and acquisition, securities and white collar experts for its corporate and litigation practices in its Dallas office, the firm said Thursday.

  • October 9, 2012

    BHP Issues $1B In Aussie Bonds As Mine Costs Grow

    Mining giant BHP Billiton Ltd. has made its first Australian bond issuance in more than a decade, pricing $1 billion in fresh five-year bonds on Tuesday as it continues to see capital costs at its biggest mining projects grow.

  • October 9, 2012

    Simpson, Posse Aid CorpBanca's $1.3B Colombian Bank Buy

    Chile's Banco CorpBanca SA is taking over Helm Bank SA in a deal worth about $1.28 billion to bolster its presence in Helm's Colombian base and form the country's fifth-largest bank, CorpBanca announced Tuesday.

  • October 4, 2012

    BWI Credit Tussle Puts Fee-Backed Bond Risks On Display

    Fitch Ratings this week removed a negative credit watch on bonds to cover improvements at Baltimore's airport after state transportation officials agreed to trim their borrowing plans — a reminder, experts say, that leveraged passenger fees are not a cure-all for airport capital needs.

  • October 4, 2012

    Sabine Pass LNG Plans $420M Debt Raise

    Sabine Pass LNG, the Cheniere Energy Partners LP subsidiary angling to become the first exporter of U.S. liquefied natural gas, priced $420 million in senior notes at 6.5 percent this week to refinance maturing debt as it continues to advance its $11 billion project.

  • October 3, 2012

    Obama, Romney Clash Over Tax Plans, Deficit In 1st Debate

    President Barack Obama and Republican presidential nominee Mitt Romney squared off Wednesday over taxes, job creation, deficit reduction, energy and regulation in the first presidential debate leading up to the November election, highlighted by a prolonged discussion on tax revenues.

  • October 1, 2012

    Hedge Fund Group Backs Lehman Trustee's Appeal Over Sale

    A hedge fund advocacy group filed an amicus curiae brief Saturday telling the Second Circuit that a New York federal court's ruling in Lehman Brothers Inc.'s bankruptcy will cause a “substantial loss of confidence” in the capital markets and must be overturned.

  • September 27, 2012

    Blackstone, Others Chase Mom And Pop With Listed Funds

    The Blackstone Group LP's $960 million publicly traded credit fund, which debuted Wednesday, shows a private equity industry that continues to expand from its "Barbarians at the Gates" leveraged buyout roots into diversified asset managers with a little something for everyone — even mom-and-pop investors.

  • September 25, 2012

    Easy Refis Buy PE Firms Time As Hold Periods Stretch

    Open refinancing markets are breathing new life into private equity portfolios once feared stale, experts say, punching back at concerns that the industry is stuck with recession-era duds as hold times drag on.