Tag Archives: Shearman & Sterling

CPP Investments and Silver Lake Acquire Qualtrics for $12.5B

Qualtrics, a provider of experience management (XM) software, entered into a definitive agreement to be acquired by Silver Lake, a technology investor, in partnership with Canada Pension Plan Investment Board (CPP Investments), in an all-cash transaction that values Qualtrics at approximately $12.5 billion.

BofA Leads Funding for $2.7B in Credit Facilities for Plains All American Pipeline

Plains All American Pipeline and Plains GP Holdings renewed and extended its two credit facilities, which have a combined valued of $2.7 billion. Bank of America led the funding for the facilities as administrative agent.

Valaris Receives $520MM Capital Injection, Court Approval of Plan of Reorganization

Valaris received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization. Valaris also will receive a $520 million capital injection through the issuance of a $550 million secured note.

Ares, Others Provide $73.8MM to Support Nuverra Bankruptcy Exit

Nuverra Environmental Solutions emerged from bankruptcy protection with more than $70 million in new financing provided by ACF Finco I, an entity managed by Ares Management, Ascribe Capital, and Gates Capital Management.