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The third go-around on a client’s financing finally generated a closing for Teresa Pahl, a Hanson, Bridgett, Marcus, Vlahos & Rudy partner. The client, Glendale-based American Reprographics Co., considered two kinds of financing before settling on a straight debt deal, Pahl said. The company, which makes reprographic software, raised $355 million in a financing that closed at 1 a.m. Dec. 18 after several intense weeks of work, Pahl said. “There wasn’t much of a holiday for anybody who worked on this deal,” Pahl said. “I have no regrets; it was great to get the deal done, and they’re a great client.” Pahl was called in to consider the company’s options for a financing in August, but the plan was tabled. Pahl got another call Nov. 3 to start structuring a high-yield financing. But three weeks later it was chucked in favor of a third type of transaction, a straight debt deal, Pahl said. “It was a better deal this way,” Pahl said. Still, Pahl and her team had to push extra hard to get the deal, arranged by Goldman Sachs Credit Partners, done by the end of the year. She said they pulled quite a few all-nighters. Rounding out her team were partners Richard Rapoport and Jonathan Storper, senior counsel Leah Goldberg and associates Emily Wetmore and Catherine Dwyer. Skadden, Arps, Slate, Meagher & Flom represented Goldman Sachs with New York-based partner Ronan Wicks and associate Patrick Flanagan in the lead. ALAMOSA Latham & Watkins represented a group of purchasers in a $250 million telecommunications high-yield debt deal. The Rule 144A private placement transaction involved 8.5 percent notes for Alamosa Holdings Inc. The deal closed Jan. 20. San Francisco partner Tracy Edmonson led a seven-attorney team on behalf of purchasers that included longtime client UBS Securities, Bear, Stearns & Co. and Lehman Brothers Inc. While the company initially expected to sell $225 million in notes, it raised the total issuance to $250 million at the last minute, said Edmonson. The deal was one of the first out of the gate in 2004, she noted, and involved a telecommunications company. “Those types of transactions have been out of favor for some time,” said Edmonson. Alamosa is the largest affiliate of Sprint PCS. The company operates a wireless phone network in states including Texas, New Mexico, Utah and California, which it markets under the Sprint PCS brand name. Edmonson was assisted by San Francisco associates Keith Benson, Errol Hunter and Christopher Vincent, as well as James Rogers, a partner in the Washington, D.C., office, and associate William Carnell, who handled regulatory issues. Los Angeles tax partner Samuel Weiner and associate Emma Cheung were also part of the deal team. Alamosa was represented by the New York office of Skadden, Arps, Slate, Meagher & Flom.

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