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Attorneys in the San Francisco office of Orrick, Herrington & Sutcliffe advised Caterpillar Financial Services Corp. in approximately $7 billion worth of debt offerings. Caterpillar makes heavy equipment and machinery used in construction. The transactions included a medium-note program worth $3.5 billion, a $500 million retail note program, a European medium-note program worth $2 billion, and a $350 million global note offering. The firm also handled a $620 million asset securitization of installment sale contracts and finance leases. This array of transactions will provide Caterpillar with a variety of ways in which to access capital markets both in the United States and abroad, said Leslie Jay, the lead partner for Orrick. “Because they have capital needs, the strategy [in these transactions] is to access all facets of the capital markets to generate both the rates and liquidations they need to enhance their goals,” Jay said. Orrick of counsel Maria Gray, associates John Borkholder and Christian Claytor, and tax partner Steven Malvey also worked on the transactions. In addition, structured finance partner Mark Levie, private finance partner Thomas Mitchell, tax partner Colman Burke, compensation and benefits partner Richard Gilbert and former associate David Sobul worked on the securitization transaction. ACCESS360/IBM Lawyers in the Menlo Park office of Venture Law Group represented Access360 in their acquisition by IBM. The New York office of Cravath, Swaine & Moore represented IBM. The financial details of the acquisition were not disclosed. The transaction is awaiting regulatory approval and is expected to close at the beginning of the fourth quarter. IBM plans to integrate Access360′s business operations and personnel into IBM Software Group. The lead partner on the deal for VLG was Jon Gavenman. In addition, M&A partner Steven Tonsfeldt, senior attorney Mark Seneca (from the Reston, Va., office), associate Matthew Oshinsky, tax partner Mark Windfeld-Hansen, and executive compensation and employee benefits partner Renee Deming worked on the deal. New York-based Cravath partner Scott Barshay led the team that represented IBM.

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