King & Spalding advised General Electric Company in the sale of its power rental business to power solutions provider APR Energy plc in a cash-and-stock deal valued at $314 million. In addition, GE and APR Energy entered into a supply and services agreement to provide support to current and future clients of APR Energy.

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On October 21, 2013, Plains GP Holdings, L.P. closed its $2.82 billion initial public offering of 128,000,000 Class A shares representing limited partner interests at $22.00 per share. The shares are listed on the New York Stock Exchange (NYSE) under the symbol “PAGP.”

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Paul Hastings LLP, a leading global law firm, announced today that the firm represented Wells Fargo Securities, LLC and Union Bank, N.A., as joint lead arrangers, Wells Fargo Securities, LLC, as sole bookrunner, and Wells Fargo Bank, National Association, as the administrative agent, in connection with a $1,000,000,000 senior secured amended and restated credit agreement for Segundo Navarro Drilling, Ltd.

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On October 10, 2013, Western Refining Logistics, LP (“WNRL”), a Delaware limited partnership and wholly owned subsidiary of Western Refining, Inc. (“Western”) (NYSE:WNR) announced the pricing of its initial public offering of 13,750,000 common units representing limited partner interests in WNRL, at $22.00 per unit. The common units are being traded on the New York Stock Exchange (“NYSE”), under the ticker symbol “WNRL.” WNRL has granted the underwriters a 30-day option to purchase from WNRL up to an additional 2,062,500 common units, at the initial public offering price. The offering is expected to close on or about October 16, 2013, subject to customary closing conditions.

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Akin Gump served as legal advisor to Memorial Production Partners LP in the pricing of a $300 million bond offering that closed today. The company, along with its wholly owned subsidiary, Memorial Production Finance Corporation, intends to use the proceeds for repayment of a portion of the outstanding borrowings under its revolving credit facility and for general partnership purposes.

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Regency Energy Partners LP (“Regency”) (NYSE:RGP) and PVR Partners, L.P. (“PVR”) (NYSE:PVR) today announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value today for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion.

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Michael T. Larkin has joined Porter Hedges as a partner in the Corporate Practice Group. He practices primarily in the areas of mergers and acquisitions, public and private offerings of securities, joint ventures and strategic alliances, and corporate and securities law matters. He has experience representing companies in the oil and gas, health care, telecommunications, technology, pharmaceuticals, manufacturing and professional services industries.

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Simpson Thacher is representing First Reserve Corporation and its portfolio company Templar Energy LLC in connection with a $1.0 billion acquisition of oil and gas assets located in the Texas Panhandle and western Oklahoma from Forest Oil Corporation.  The transaction is expected to close on or before November 25, 2013, and is subject to customary purchase price adjustments, regulatory approvals and closing conditions.

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The international law firm Greenberg Traurig LLP added shareholder Christopher L. Bell in the environmental, energy and litigation practice groups, including environmental & toxic tort litigation.

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Nicolas Barzoukas, widely recognized as a leading lawyer on patent litigation in the pharmaceutical field and in industries related to chemistry, electronics, biotechnology, medical devices, lasers and mechanical systems, joined Baker Botts L.L.P. today as a partner in the firm’s Houston office.

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