Debevoise & Plimpton LLP advised Wm Morrison Supermarkets Limited (“Morrisons”) in the successful debt reduction exercise of its Group. This included a term loan solicitation process involving the purchases of participations in facilities under the Group’s senior facility agreement in aggregate principal amounts of €774,752,590 and £115,605,917, respectively, as well as a cash tender offer for five series of the Group’s notes, pursuant to which the Group purchased notes in an aggregate principal amount of £324,700,000. Read More>

Debevoise & Plimpton LLP is advising Ambac Financial Group (NYSE: AMBC) in the $420 million sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, to funds managed by Oaktree Capital Management. For more information, please see the company’s press release. Read More>

Debevoise & Plimpton LLP is advising Ambac Financial Group (NYSE: AMBC) in its acquisition of a majority stake in Beat Capital Partners Limited in a transaction valued at approximately $282 million. For more information, please see the company’s press release. Read More>

Debevoise & Plimpton LLP has advised American International Group, Inc. (NYSE: AIG) and Corebridge Financial, Inc. (NYSE: CRBG) in AIG’s secondary public offering of approximately $872 million of Corebridge common stock. For more information, please see AIG’s press release. Read More>

Debevoise & Plimpton has advised Glendower Capital (“Glendower”) in the acquisition by CVC Capital Partners plc (“CVC”) of a further 20% interest in Glendower. Read More>

Debevoise & Plimpton LLP has advised Clayton, Dubilier & Rice (“CD&R”), as existing minority shareholder in SOCOTEC, in the acquisition of a minority stake in SOCOTEC by Mubadala Investment Company and Bpifrance. Read More>