Paul Hastings LLP, a leading global law firm, announced today that it represented the banks arranging $550 million in financing for The Carlyle Group’s acquisition of a controlling interest in Southeast PowerGen, LLC, an operator of six natural gas-fired power plants in Georgia, from ArcLight Capital Partners and GIC, Singapore’s sovereign wealth fund. More >>

Barnes & Noble announced that it has entered into agreements with Microsoft providing for the termination of the commercial agreement between Microsoft and NOOK Media and the acquisition by Barnes & Noble of Microsoft’s preferred interest in NOOK Media for approximately $62.4 million in cash and approximately 2.7 million shares of Barnes & Noble common stock. Cravath represented Barnes & Noble in connection with this transaction. More >>

Davis Polk advised underwriters represented by Citigroup Global Markets Inc., Daiwa Capital Markets Europe Limited, Morgan Stanley & Co. International plc and TD Securities (USA) LLC in connection with the offering of $1 billion aggregate principal amount of 1.625% U.S. dollar bonds due 2019, issued by Export Development Canada. More >>

Willkie client Level 3 Communications, Inc. completed its $600 million Rule 144A offering of aggregate principal amount of its 5.75% Senior Notes due 2022 to qualified institutional buyers. Based in Bloomfield, Colorado, Level 3 is a Fortune 500 company that provides local, national and global communications services to enterprise, government and carrier customers. More >>

The Firm is representing Blackstone Real Estate Partners VI and VII in connection with the sale of its wholly-owned U.S. industrial platform, IndCor Properties (“IndCor”), to affiliates of GIC, Singapore’s sovereign wealth fund, for $8.1 billion. IndCor owns and operates a portfolio of 117 million square feet of high-quality industrial properties in key markets throughout the United States. IndCor’s assets are principally located in desirable in-fill industrial markets, which benefit from proximity to key domestic and global transportation hubs, major logistics and warehouse/distribution networks, as well as large population concentrations. Over the past several years, the Firm has represented Blackstone and IndCor in more than 15 separate transactions as IndCor grew to be one of the largest industrial real estate companies in the United States. The transaction is expected to close in the first quarter of 2015. More >>