- News & Publications
- Press Releases
- Carter, Ledyard & Milburn Assists Bowater Incorporated in $600 Million Transaction
Director of Marketing
Carter Ledyard & Milburn LLP
CARTER, LEDYARD & MILBURN ASSISTS BOWATER INCORPORATED IN $600 MILLION TRANSACTION
NEW YORK, November 7, 2001 -- The Wall Street law firm Carter, Ledyard & Milburn announced that it represented Bowater Incorporated (NYSE: BOW) in the sale on November 6 of $600 million of senior ten-year notes, bearing interest at 7.95 percent, in a private placement to a group of qualified institutional buyers headed by Goldman, Sachs & Co. and JPMorgan, as joint lead managers. The notes were issued by a wholly-owned finance subsidiary and guaranteed by Bowater. The proceeds were used to repay outstanding bank debt incurred primarily in connection with Bowater's purchase of Alliance Forest Products Inc. on September 24, 2001.
Bowater Incorporated, headquartered in Greenville, SC, is a global leader in newsprint. In addition, the company makes coated and uncoated groundwood papers, bleached kraft pulp and lumber products. The company has 12 pulp and paper mills in the United States, Canada and South Korea and 13 North American sawmills that produce softwood and hardwood lumber. Bowater also operates a facility that converts a groundwood base sheet to coated products. After the sale of the Southeast timberlands this quarter, Bowater's operations will be supported by approximately 1.5 million acres of timberlands owned or leased in the United States and Canada and 32 million acres of timber cutting rights in Canada. Bowater is one of the world's largest consumers of recycled newspapers and magazines. Bowater common stock is listed on the New York Stock Exchange, U.S. regional exchanges and the London Stock Exchange. A special class of stock exchangeable into Bowater common stock is listed on the Toronto Stock Exchange (TSE: BWX).
"The firm is delighted to have represented Bowater in its sale of these notes," said Peter Gates, one of the partners at Carter, Ledyard & Milburn who worked closely with Bowater on this transaction.
Carter, Ledyard & Milburn corporate partner Peter P. McN. Gates, tax partner Howard Barnet, counsel Andris J. Vizbaras, and associates James Reardon, Richard Califano and Anna Maria Vistica assisted Bowater's General Counsel Anthony H. Barash and Assistant General Counsel Wendy Shiba with the transaction.
Carter Ledyard & Milburn LLP (www.clm.com), established in 1854, has approximately 90 attorneys and has been headquartered on Wall Street since its founding. Carter Ledyard's general practice includes corporate, securities, mergers and acquisitions, broker-dealer, on-shore and off-shore hedge and other alternative investment funds, private equity, litigation, intellectual property, environmental, employment, media and technology, immigration, investment regulation, antitrust, art law, trusts and estates, maritime, ERISA, tax-exempt organizations, real estate, tax and bankruptcy. A significant part of the firm's practice involves representing overseas-based clients and their U.S. affiliates, financial institutions and other financial services providers, governmental entities and media and technology clients.
The Committee addresses issues related to estate planning, trust and law practice and the operation of Surrogate's Courts.
In an August 24, 2018 decision, Magistrate Judge Barbara Moses determined that any dispute over ownership of “The Mechanism of Meaning,” the iconic artwork by Shusaku Arakawa, and the intellectual property in that…
Fifteen attorneys across ten practice areas were named by Best Lawyers in their annual The Best Lawyers in America® rankings.
Mr. McSloy taught at the College's semi-annual Leadership & Governance Certificate Program, designed for current and aspiring tribal leaders.
Jeff Boxer spoke with the New York Law Journal about the quality of services provided by a mid-sized law firm like Carter Ledyard.
Ms. Wallace has been a partner at CLM since 2017 and practices Art Law, Environmental Law and Litigation.
Carter Ledyard filed an action in Manhattan's Federal District Court against Pinduoduo, Inc., a multi-billion dollar Chinese-language social e-commerce app.
Ms. Lockhart, Chair of the firm's Labor and Employment practice group, served as a panelist for DeWitt Stern/Risk Strategies' EPL program.
Client Kaneka Corporation was awarded a default judgment against a Chinese importer...
Ms. Mann was asked to comment on the lawsuit alleging that the Trump Foundation charity used funds for personal and political purposes.
Carter Ledyard is pleased to welcome the arrival of Ms. Dreizen to the firm as Counsel in the Corporate department.
Carter Ledyard client Global SC Finance IV Limited completed an offering of $196 million of fixed rate asset backed notes.
Our 2017 Year in Review highlights the cutting-edge work of our clients, both foreign and domestic, and some of the ways we helped them succeed.
Over breakfast at the midtown office, more than 30 members of the private equity community gathered to create a deal flow for all concerned.
Val Vasi discussed anti-money laundering (AML) guidelines in the art world and AML regulations in the financial services industry