Securities Offerings

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The firm's securities practice is varied and diverse, and includes public offerings, private placements, takeover activity and proxy contests, and compliance with securities regulations. This activity has included handling initial public offerings as company counsel as well as underwriter's counsel, private placements of securities in the European and other overseas markets, the representation of hostile bidders and the implementation of shareholders' rights plans and other defensive strategies, and the negotiations relating to bank guarantees (in excess of $200 million) for the construction of the University of Riyadh in Saudi, Arabia. In its securities practice, the firm represents clients engaged in several lines of business, including banking, health care, manufacturing, insurance, and oil and gas.

The firm is general or special counsel to a number of companies whose securities are publicly traded on the New York Stock Exchange, Inc., the American Stock Exchange, Inc., and the Nasdaq National Market, including BioCryst Pharmaceuticals, Inc., Cavalier Homes, Inc., Energen Corporation, Martin Industries, Inc., Russell Corporation, SouthTrust Corporation, and Vulcan Materials Company.

The following table is representative of some of the public and private offerings that the firm has handled in recent years:

Public Offerings:

Name of Issuer	Nature of Transaction	Amount of Offering
SouthTrust Bank	Public Offering- debt	$5 B
SouthTrust Corporation	Public Offering- debt	$3.5 B
SouthTrust Bank of Alabama, N.A.	Public Offering- and Certain Affiliates debt	2.5 B
SouthTrust Corporation	Public Offering- equity and debt	$1 B
SouthTrust Bank of Alabama, N.A.	Public Offering- debt	$500 M
Energen Corporation	Public Offering- shelf registration of debt	$400 M
SouthTrust Corporation	Public Offering- debt	$400 M
SouthTrust Corporation	Public Offering- equity	$372 M
SouthTrust Corporation	Public Offering- shelf registration of debt and equity	$300 M
Energen Corporation	Public Offering- shelf registration of equity and debt	$250 M
Alabama Gas Corporation	Public Offering- debt	$165 M
SouthTrust Corporation	Public Offering- equity	$63.6 M
Energen Corporation	Public Offering- equity	$50 M
Garden Ridge Corp.	Initial Public Offering- equity	$44.8 M
ReLife, Inc.	Public Offering- equity	$36.2 M
Energen Corporation	Public Offering- debt	$35 M
Martin Industries, Inc.	Initial Public Offering- equity	$21.8 M
ReLife, Inc.	Initial Public Offering- equity	$17.8 M
Cavalier Homes, Inc.	Public Offering- equity	$13 M

Private Offerings:

Name of Issuer	Nature of Transaction	Amount of Offering
Red Mountain Funding LLC (venture entity)	Securitization	$147 M
SouthTrust Corporation	Securitization	$143 M
Russell Corporation	Private Placement- debt	$125 M
Russell Corporation	Private Placement- debt	$100 M
Russell Corporation	Private Placement- debt	$75 M
Russell Corporation	Private Placement- debt	$75 M
Undisclosed	Securitization	$70 M
SouthTrust Corporation	Overseas Private Placements- equity (resale within U.S.)	$30 M
Thompson Tractor	Private Placement- debt	$25 M
Complete Health Services, Inc.	Private Placement- equity and debt	$10 M
NationTax Online, Inc.	Private Placement- equity	$10 M
Thompson Tractor	Private Placement- debt	$7 M
Southern BioSystems, Inc.	Multiple Private Placements- equity	$4.1 M
Canterbury Trust Company	Private Placement- equity	$1.5 M