Legal DealFolio - Joy Global Notes Issuance

Davis Polk advised Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers and representatives of the underwriters on an SEC-registered offering by Joy Global Inc. of $500 million aggregate principal amount of its 5.125% senior notes due 2021. Joy Global will use the net proceeds from the sale of the notes to fund in part its acquisition of 41.1% of the outstanding shares of International Mining Machinery Holdings Limited (IMM) and, if the 41.1% acquisition is completed, a related tender offer for the remaining shares. In the event that the 41.1% acquisition is not consummated by July 1, 2012 (or October 1, 2012, if Joy Global has not received certain regulatory approvals), or the IMM purchase agreement is terminated earlier, Joy Global may redeem the notes at a redemption price equal to 101% of the principal amount, plus accrued interest. Headquartered in Milwaukee, Wisconsin, Joy Global is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery. IMM is a leading designer and manufacturer of underground mining equipment in China. The Davis Polk capital markets team included partner John G. Crowley and associates Sarah Ashfaq, Christopher R. Bornhorst and Joshua Dugan. Partner Samuel Dimon and associate Changsheng (Eric) Song provided tax advice. The environmental team included counsel Loyti Cheng and associates Kevin J. Klesh and Jesse Kramer (not yet admitted). Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.

Deal Date:	12-10-2011	Practice Area:	Debt Capital Markets
Deal Title:	Joy Global Notes Issuance	Industry:	Industrial Metals and Mining
Description:	Davis Polk advised Goldman, Sachs & Co., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint book-running managers and representatives of the underwriters on an SEC-registered offering by Joy Global Inc. of $500 million aggregate principal amount of its 5.125% senior notes due 2021. Joy Global will use the net proceeds from the sale of the notes to fund in part its acquisition of 41.1% of the outstanding shares of International Mining Machinery Holdings Limited (IMM) and, if the 41.1% acquisition is completed, a related tender offer for the remaining shares. In the event that the 41.1% acquisition is not consummated by July 1, 2012 (or October 1, 2012, if Joy Global has not received certain regulatory approvals), or the IMM purchase agreement is terminated earlier, Joy Global may redeem the notes at a redemption price equal to 101% of the principal amount, plus accrued interest. Headquartered in Milwaukee, Wisconsin, Joy Global is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery. IMM is a leading designer and manufacturer of underground mining equipment in China. The Davis Polk capital markets team included partner John G. Crowley and associates Sarah Ashfaq, Christopher R. Bornhorst and Joshua Dugan. Partner Samuel Dimon and associate Changsheng (Eric) Song provided tax advice. The environmental team included counsel Loyti Cheng and associates Kevin J. Klesh and Jesse Kramer (not yet admitted). Kristyn M. Dunleavy was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
Financial Center:	New York	Value:	0.00-100.00
Advised Party:	Underwriter	Law Firm	Davis Polk
Issuer Jurisdiction	United States	Listing Jurisdiction	United States
Classification:	Corporate Bonds Subordinated Debt	Lawyer	John G Crowley

Practice Areas -

Debt Capital Markets Law Firms and Lawyers

Practice Areas - Debt Capital Markets Law Firms and Lawyers