News & Announcements

Weil Advised Morgan Stanley on Committed Bridge Financing for Tyson Foods’ Acquisition of AdvancePierre Foods

Weil advised Morgan Stanley in providing fully committed bridge financing to Tyson Foods for its $4.2 billion acquisition of AdvancePierre Foods, a producer and distributor of value-added, convenient, ready-to-eat sandwiches, sandwich components and other entrées and snacks to a wide variety of distribution outlets including foodservice, retail and convenience store providers.

The Weil team that advised Morgan Stanley was led by Banking & Finance partner Morgan Bale and Capital Markets partner Faiza Rahman; and included M&A partner Raymond Gietz; Banking & Finance associates Jacqueline Oveissi and Catherine Kim; Capital Markets associates Daniel Evens and Claire Logan; M&A associate Jesse Sacks; and Regulatory associate Timothy Welch (Washington, D.C.)(all in New York unless otherwise specified).  

This transaction was the latest in a series of high profile investment grade bridge financings Weil has been involved in. Other recent matters include representing:

  • Citi in committed financing to support the $24 billion acquisition by Becton Dickinson, a leading global medical technology company, of C.R. Bard, Inc., a medical technology leader in the fields of vascular urology, oncology and surgical specialty products.
  • Goldman Sachs, Deutsche Bank and JPMorgan Chase, as joint lead arrangers and joint bookrunners, in £12.2 billion bridge financing to support Twenty-First Century Fox, Inc., a producer and distributor of motion pictures and television programming, music, radio broadcasting, and sports, in its pending approximately £11.7 billion acquisition of all the share capital it does not already own of Sky plc (United Kingdom), a provider of a pay television broadcasting services across Europe and, in addition, of broadband and telephone services in the United Kingdom and the Republic of Ireland.
  • Morgan Stanley in committed financing to support the $4.3 billion acquisition by Parker Hannifin Corporation, a manufacturer of motion and control technologies and systems, of CLARCOR Inc., a diversified marketer and manufacturer of mobile, industrial and environmental filtration products.
  • Goldman Sachs in an $8 billion committed bridge facility to finance the $15 billion cash and stock acquisition by Great Plains Energy Incorporated, a provider of electricity in the Midwest United States, of Westar Energy Inc.
  • RBC Capital Markets and Mizuho Bank in providing committed bridge financing for the approximately $4.4 billion combination of Dominion Resources, Inc., one of the largest producers and transporters of energy in the United States, and Questar Corporation, a natural gas distribution, pipeline, storage and cost-of-service gas supply company based in Salt Lake City, Utah.