The Firm represented Deutsche Bank Securities Inc., U.S. Bancorp Investments, Inc. and Macquarie Capital (USA) Inc., as the initial purchasers, in connection with the Section 3(a)(2) exempt offering of $175 million aggregate principal amount of 5.25% Subordinated Notes due 2026 by Texas Capital Bank, N.A. (“Texas Capital Bank”). The offering closed on January 31, 2014. (more…)

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The Firm represented Deutsche Bank Securities Inc. and Macquarie Capital (USA) Inc., as the underwriters, in connection with a public offering of 1,700,000 shares of common stock, $0.01 par value per share, of Texas Capital Bancshares, Inc. (“TCBI”). The offering closed on January 29, 2014. (more…)

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Simpson Thacher advised the underwriters on a $500 million debt offering by EXCO Resources, Inc. J.P. Morgan, Wells Fargo Securities, BofA Merrill Lynch and BMO Capital Markets were the joint book-running managers for the offering. (more…)

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Bracewell & Giuliani LLP represented BOH Holdings, Inc. and its subsidiary, Bank of Houston, in an agreement to sell its operations to Independent Bank Group, Inc., the holding company for Independent Bank, for $243 million. The merger consideration consisted of $34 million in cash and 3,636,060 shares of Independent Bank Group common stock. (more…)

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Bracewell & Giuliani LLP represented CBFH, Inc., the holding company of CommunityBank of Texas, in the acquisition of MC Bancshares, Inc., the holding company of Memorial City Bank.

The all-cash transaction combines the roughly $2.8 billion combined assets of the banks to make CBFH one of the largest privately held banks in Texas, with the majority of its loans and deposits in the Houston marketplace. (more…)

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Chesapeake Energy Corporation (NYSE:CHK) announced today the execution of two agreements to sell midstream compression assets for total proceeds of approximately $520 million. (more…)

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Lawyers from Haynes and Boone, LLP assisted Celanese Corporation in creating an approximately $800 million joint venture with Mitsui & Co., Ltd. to develop and construct a methanol production plant designed to take advantage of the abundant new supplies of U.S. natural gas. The new joint venture will be known as Fairway Methanol LLC. (more…)

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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. (more…)

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On January 29, 2014, Rice Energy Inc. (NYSE: RICE) closed its $1.05 billion initial public offering of 50 million common shares at a price to the public of $21 per share.  RICE offered 30 million shares, while the selling stockholder — NGP Holdings — offered 20 million shares. The company won’t receive any proceeds from shares sold by NGP Holdings. (more…)

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Martin Marietta Materials, Inc. and Texas Industries, Inc. announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which Martin Marietta will acquire all of the outstanding shares of Texas Industries common stock in a tax‑free, stock‑for‑stock transaction valued at US$2.7 billion. Cravath represented Martin Marietta in connection with this transaction. (more…)

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Akin Gump advised EP Energy Corporation in its initial public offering of 35.2 million shares of its common stock at a public offering price of $20 per share, which closed on January 23. The underwriters have a 30-day option to purchase from the company up to an additional 5.28 million shares of common stock at the public offering price (less underwriting discounts and commissions). EP Energy’s common stock began trading January 17 on the New York Stock Exchange under the ticker symbol “EPE.” (more…)

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At the end of 2013, Chief Oil & Gas and its working interest partners, Enerplus Resources (USA) and Tug Hill Marcellus, acquired MKR Holdings LLC from a subsidiary of Chesapeake Energy Corporation for about $500 million. (more…)

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