Covington & Burling advised American Tire Distributers in the acquisition of Terry’s Tire Town from Talisman Partners for up to $365 million. American Tire, a portfolio company of TPG, is a wholesale distributor of replacement tires throughout the United States and Canada. The acquisition is expected to close at the end of March, pending antitrust clearance. More >>

The transaction involves four acquisitions: a takeover bid for RCT, acquisitions of the responsible entity and operating entity of RCT and the acquisition of Casino Canberra. RCT is the owner of the Cairns Reef Casino and hotel and Casino Canberra is the owner and operator of the Canberra Casino.

Aquis has entered into a Takeover Bid Implementation Agreement with the responsible entity of RCT. Aquis’ takeover bid will be an off-market cash bid to acquire all the ordinary units in RCT for $4.354 per unit, for a total value of approximately $217 million. The RCT Board have unanimously recommended unitholders to vote in favour of the takeover bid, in the absence of a superior proposal.

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Hogan Lovells has advised Mishmeret Trusts Company Limited in its role as Trustee and Security Agent for the high yield issuance of $800 million of Senior Secured Notes due 2021 by B Communications, which closed on Wednesday 19 February 2014. B Communications owns a controlling stake in Bezeq, Israel’s largest telecommunications provider.

Mishmeret, a Tel-Aviv based company, is the leading trust company in Israel, acting as trustee for holder of over NIS 50 Billion (about $17 Billion) in debt by public and non public issuance. More >>

Linklaters has advised HSH Nordbank AG on an innovative asset-based lending structure. The reference portfolio consists of ship loan receivables of HSH Nordbank.

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Simpson Thacher is representing Kronos Parent Corporation and its controlling stockholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Kronos’s pending recapitalization transaction. In connection with the transaction, investment funds managed by Blackstone and GIC will make a $750,000,000 investment in Kronos and will acquire a minority stake in the company. The transaction is subject to customary closing conditions, including receipt of regulatory approvals.

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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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