Skadden is representing Colfax Corporation, a fluid-handling products manufacturer, in its $947 million acquisition of Victor Technologies Group Inc., an industrial equipment maker, from Irving Place Capital, announced on February 12. More >>

An Akin Gump team led by corporate partner Seth Molay advised Diamondback Energy in its three pending acquisitions of additional acreage in the Permian Basin and an underwritten public offering to fund a portion of the purchase price for these acquisitions. The offering of three million shares of Diamondback common stock was launched on February 20, 2014, and priced that night at $62.67 per share, for estimated net proceeds at closing of $181.3 million. The underwriters will have an option to purchase up to an additional 450,000 shares of common stock from Diamondback. All of the shares to be sold in the offering are being sold by Diamondback.

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Cahill represented BofA Merrill Lynch, Credit Suisse, and Morgan Stanley as joint book-running managers and the co-managers in connection with the public offering of $1,000,000,000 aggregate principal amount of 3.875% Senior Unsecured Notes due 2019 by CIT Group Inc. Proceeds from the offering will be used for general corporate purposes. More >>

Chadbourne & Parke LLP represented the US Department of Energy (DOE) as transaction counsel in connection with loan guarantees for up to US$6.5 billion in loans to Georgia Power Company and Oglethorpe Power Corporation to finance the construction of their shares of the 2,200 MW expansion of the Alvin W. Vogtle Electric Generating Plant in Burke County, Georgia. The plant is first new nuclear power facility under construction in the US in more than 30 years.

The loan guarantees were issued on February 20, 2014 for up to US$3.5 billion in loans for Georgia Power Company, and up to US$3 billion in loans for Oglethorpe Power Corporation, respectively.

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Shearman & Sterling acted as counsel to the underwriters represented by J.P. Morgan Securities LLC and Goldman, Sachs & Co. in connection with Atmos Energy’s offering of 9,200,000 shares of common stock.

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International law firm Simmons & Simmons has advised Russian R-Pharm group on the acquisition of a production plant from Pfizer as well as a cooperation agreement.

The plant acquired by R-Pharm is located in the Bavarian town of Illertissen. The plant is producing Campix, a medication used to treat nicotine addiction which is now produced by R-Pharm for Pfizer.

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Simpson Thacher is representing JPMorgan Chase Bank, N.A., as administrative agent, and J.P. Morgan Securities LLC, as lead arranger and bookrunner, in connection with the committed financing for the acquisition of Zale Corporation by Signet Jewelers Limited.  The financing is expected to consist of a combination of bank debt, other debt financing and the securitization of a significant portion of Signet’s accounts receivable portfolio.

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Squire Sanders has represented chemicals manufacturer Ashland Inc. on a US$1.8 billion agreement to sell its Water Technologies business to private investment firm Clayton, Dubilier & Rice. Water Technologies is a leading supplier of specialty chemicals and services to the pulp and paper and industrial water markets. More >>

Sutherland Asbill and Brennan LLP counseled Oglethorpe Power Corporation in negotiating, and closing on February 20, 2014, a $3.057 billion Department of Energy guaranteed loan to finance a portion of Oglethorpe Power’s share of the costs of construction of the two new Westinghouse AP1000® nuclear electric generating units at Plant Vogtle in Burke County, Georgia. Oglethorpe Power owns 30% of the two new units, representing approximately 660MW of capacity. The Plant Vogtle project is the first nuclear generating project to receive support through the Department of Energy’s Innovative Technologies loan guarantee program.

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