Simpson Thacher represented the underwriters, led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Citigroup Global Markets Inc., in connection with a registered public offering of 21,850,000 shares of common stock of Apollo Investment Corporation (“Apollo”). The offering resulted in gross proceeds to Apollo of approximately $187.9 million.

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The Firm is representing an affiliate of Blackstone Real Estate Partners VII in connection with the announced acquisition of 23 U.S. warehouses from First Potomac Realty Trust for $241.5 million. The industrial properties, which comprise approximately four million square feet, are located in southern Virginia and the Washington, D.C. and Baltimore, MD metropolitan areas. The transaction is expected to close by the end of the second quarter of 2013 and is subject to customary closing conditions.

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Simpson Thacher represented the initial purchasers, led by Goldman, Sachs & Co., in connection with a private placement pursuant to Rule 144A and Regulation S of $560 million aggregate principal amount of 7.000% Senior Secured Second Lien Notes due 2018 issued by Safway Group Holding LLC (“Safway”) and Safway Finance Corp. The notes are guaranteed on a senior basis by Safway’s parent, and by certain of Safway’s existing and future material domestic subsidiaries, and are secured by a second-priority lien on substantially all of Safway’s and the guarantors’ assets, other than certain excluded assets. Safway used the net proceeds of the offering to repay in full the entire principal amount outstanding under its second lien senior secured term loan and a portion of the borrowings outstanding under its ABL credit facility, to make a distribution to its parent to pay a dividend to equity holders, to pay related fees and expenses of the offering and for general corporate purposes.

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Winston & Strawn LLP has announced William (“Bill”) X. Lang has joined the firm’s New York office as a partner in the real estate practice. Mr. Lang, formerly a partner at Nixon Peabody, focuses his practice on commercial real estate transactions and financing matters. His arrival adds depth to Winston & Strawn’s real estate practice, which represents major domestic and international corporations, financial institutions, real estate funds, and other high-level market participants in connection with a wide range of investment, development, acquisition, and financing activities.

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The Firm is representing Yahoo! Inc. (NASDAQ: YHOO) in connection with its announced acquisition of Tumblr for a total consideration of $1.1 billion. According to the purchase agreement, Tumblr will be independently operated as a separate business. The transaction is expected to close in the second half of the year and is subject to customary closing conditions.

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Simpson Thacher recently represented Algeco Scotsman, a portfolio company of TDR Capital, in connection with the incurrence of $400 million in aggregate principal amount of PIK loans maturing in May 2018. The loans will bear interest at a rate equal to 15.75% per annum if paid as PIK or 15.00% per annum if paid in cash. The proceeds of the PIK loans will fund a partial redemption of capital, net of transaction fees and expenses, by shareholders.

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McKenna Long & Aldridge LLP (MLA) is pleased to announce that Jonathan A. Ballan has joined the firm as partner in the New York office. Ballan will head the New York Public Finance Group and will co-chair the firm’s Global Infrastructure and Public-Private Partnerships practice.

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Paul Hastings, a leading global law firm, announced today that the firm represented Morgan Stanley & Co. LLC and the other initial purchasers in connection with the Rule 144A offering of $500 million of 5.875% senior notes due 2023 by Dynegy Inc., a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.

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O’Melveny & Myers LLP is pleased to announce that Zachary H. Smith has joined O’Melveny’s Restructuring Practice as a partner in New York. Smith joins the Firm from Cadwalader following the announcement last week that John J. Rapisardi and George A. Davis, former co-chairs of Cadwalader’s Global Financial Restructuring Department, and former Cadwalader partner Peter M. Friedman were joining O’Melveny.

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Duane Morris LLP is pleased to announce that Bruce Czachor has joined the firm’s Corporate Practice Group as a partner in its New York office. Czachor further strengthens Duane Morris’ capabilities in the areas of domestic and international capital markets, including debt and equity offerings, as well as merger and acquisition transactions. He joins the firm from Orrick, after spending more than 23 years at Shearman & Sterling.

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