Dechert Advises Tech Mahindra on US$240 Million Acquisition of Lightbridge Communications Corporation

Tech Mahindra Ltd., an independent global provider of network engineering services to the telecommunications industry, announced that it has signed a definitive agreement to acquire global network services leader Lightbridge Communications Corporation for an enterprise value of approximately US$240 million, subject to regulatory approvals. Dechert LLP is acting as legal advisor to Tech Mahindra in the transaction, which is expected to close by Q4 of Tech Mahindra’s 2015 fiscal year.

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PRA Health Sciences’ IPO Raises $351 Million

The Firm recently represented PRA Health Sciences, Inc. (“PRA”), a portfolio company of Kohlberg Kravis Roberts & Co. L.P., in connection with its initial public offering of common stock. The offering of 19,523,255 shares of common stock, which included the underwriters’ option to purchase 2,546,511 additional shares, raised approximately $351 million in gross proceeds. The shares of PRA are now listed on the Nasdaq Global Select Market under the ticker symbol “PRAH”.

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Canadian Natural Resources Closes $1.2 Billion Debt Offering

Paul, Weiss client Canadian Natural Resources Limited, a Canadian energy company, completed a public offering in the United States of $1.2 billion of debt securities in two tranches: $600 million of 1.750% notes due 2018 and $600 million of 3.900% notes due 2025. The joint bookrunning managers were Citigroup Global Markets Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc. and RBS Securities Inc.

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Premier Inc.’s Registered Common Stock Offering

Cravath represented the underwriters, led by J.P. Morgan Securities, BofA Merrill Lynch and Wells Fargo Securities, in connection with the US$120 million registered secondary offering of class A common stock of Premier, Inc., a leading healthcare improvement company. The shares were listed on the NASDAQ Global Select Market. The transaction closed on November 19, 2014.

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Pacific Rubiales Energy Closes $750 Million Offering

Global law firm Proskauer closed a $750 million issuance of 5.625% Senior Notes due 2025 for Pacific Rubiales Energy Corp., the Canadian oil and gas company with operations principally in Colombia as well as interests in six other countries.

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Dorsey & Whitney Represents Tri-State in $1.59 billion Debt Refinancing

International law firm Dorsey & Whitney LLP represented Tri-State Generation and Transmission Association, the not-for-profit wholesale power supplier to 44 member electric distribution cooperative and public power districts in Colorado, Nebraska, New Mexico and Wyoming, in a series of transactions completed earlier this month to refinance a portion of its debt.

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Davis Polk Advises Baker Hughes on Its Combination with Halliburton

Davis Polk is advising Baker Hughes Incorporated on its acquisition by Halliburton Company in a stock-and-cash transaction, representing an equity value of $34.6 billion and enterprise value of $38.0 billion. Under the terms of the agreement, stockholders of Baker Hughes will receive, for each Baker Hughes share, a fixed exchange ratio of 1.12 Halliburton shares plus $19.00 in cash. The transaction, which is expected to close in the second half of 2015, is subject to approvals from each company’s stockholders, regulatory approvals and customary closing conditions.

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Cahill Represents Underwriters in $800 Million Public Offering by Ally

Cahill represented Barclays, Citigroup, J.P. Morgan, and RBC Capital Markets as joint book-running managers and the co-managers in connection with the public offering of $800,000,000 aggregate principal amount of 3.75% Senior Notes due 2019 by Ally Financial Inc., a leading, independent, diversified, financial services firm. Proceeds from the offering were used for general corporate purposes.