Akin Gump Strauss Hauer & Feld LLP acted as legal counsel to Kayne Anderson Capital Advisors in its sale of 19 student housing properties to American Campus Communities (ACC). The total value of the deal is $862 million.

More >>

The Firm is representing McKesson Corporation (NYSE: MCK) in its announced acquisition of all outstanding shares of PSS World Medical, Inc. (NASDAQ: PSSI) for $29.00 per share in cash. The transaction, including the assumption of PSS World Medical’s outstanding debt, is valued at approximately $2.1 billion. The transaction is subject to customary closing conditions, including regulatory clearances and approval of PSS World Medical’s shareholders.

More >>

Davis Polk advised underwriters represented by Barclays Bank PLC, CIBC World Markets Corp., Citigroup Global Markets Inc., Morgan Stanley & Co. International plc in connection with the offering of $2.25 billion aggregate principal amount of 1.1% bonds due 2017, issued by the Province of Ontario.

More >>

Davis Polk advised underwriters represented by CIBC World Markets Corp., HSBC Securities (USA) Inc., Scotia Capital (USA) Inc. and National Bank Financial Inc. in connection with the offering of $1.25 billion aggregate principal amount of 2% bonds due 2022, issued by the Province of British Columbia.

More >>

The law firm of Troutman Sanders LLP is pleased to announce the addition of both Jeffrey P. Rosenstein as partner and Kenneth D. O’Reilly as of counsel to its construction practice group in New York.

More >>

Davis Polk advised CSX Corporation on its SEC-registered offering of $800 million aggregate principal amount of 4.100% notes due 2044. Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and UBS Securities LLC acted as joint book-running managers for the offering.

More >>

Davis Polk advised Morgan Stanley & Co. LLC, Goldman, Sachs & Co. and Citigroup Global Markets Inc. as lead joint book-running managers, and Credit Suisse Securities (USA) LLC, Barclays Capital Inc., UBS Securities LLC and Raymond James & Associates, Inc. as book-running managers, in connection the $302.4 million SEC-registered offering of 4.8 million shares of common stock of Palo Alto Networks, Inc. sold by certain selling stockholders. The common stock is listed on the New York Stock Exchange under the symbol “PANW.”

More >>

Davis Polk advised Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Barclays Capital Inc. as joint book-running managers in connection with an SEC-registered public offering of 6,900,000 shares of common stock of Walter Investment Management Corp for aggregate gross proceeds of $290 million. The offering included 900,000 shares of common stock purchased by the underwriters upon full exercise of their option to purchase additional shares granted by Walter.

More >>

Davis Polk advised UBS AG, Stamford Branch, as administrative agent and UBS Securities LLC, Morgan Stanley Senior Funding, Inc. and Goldman Sachs Lending Partners LLC, as lead arrangers in connection with a refinancing of Brand Energy and Infrastructure Services, Inc.’s (Brand) existing first-lien and second-lien senior secured credit facilities. The new credit facilities consist of an $850 million first-lien senior secured credit facility, comprised of a $775 million term loan facility and a $75 million revolving credit facility, a $300 million second-lien senior secured term loan facility and a $50 million cash collateralized letter of credit facility. The obligations under the first-lien and second-lien credit facilities are guaranteed by certain of Brand’s domestic subsidiaries and, with respect to obligations of the Canadian borrower, guaranteed by Brand and all of Brand’s Canadian subsidiaries, and secured by substantially all of the assets of Brand and the guarantors. Brand is using the proceeds of the credit facilities to refinance its existing first-lien and second-lien credit facilities and for general corporate purposes.

More >>

Edwards Wildman Palmer LLP is pleased to announce that Albert J. Pinzon, a highly regarded capital markets lawyer, is a new partner in the Business Law Department. Pinzon will reside in the firm’s growing office in New York.

More >>