Experience

• Clean Tech | Renewable Energy

• Selected Initial Public Offerings

  • Kaspi.kz, a leading payments, marketplace and FinTech platform in Kazakhstan, in its $1 billion U.S. IPO.
  • American International Group and Corebridge Financial, a majority-owned subsidiary of American International Group, in the initial public offering of Corebridge Financial.
  • Core & Main, a Clayton, Dubilier & Rice portfolio company, in its $803 million initial public offering.
  • Fifth Wall Acquisition Corp III, a special purpose acquisition company (SPAC), in its $275 million initial public offering.
  • DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its $414 million initial public offering.
  • agilon health in its $1.2 billion initial public offering.
  • Ozon in its $1.1 billion initial public offering of American depositary shares on Nasdaq.
  • Burgundy Technology Acquisition Corporation in its $300 million initial public offering.
  • Warner Music Group in its initial public offering of 77 million shares of Class A common stock at a public offering price of $25.00 per share, representing an approximately $1.925 billion offering.
  • AXA and AXA Equitable Holdings on the initial public offering of AXA Equitable Holdings on the New York Stock Exchange for approximately $4 billion, and AXA Equitable Holdings in its offering and sale of $3.8 billion of senior notes.
  • Helios Investment Partners in fund arrangement aspects of the IPO on the London Stock Exchange of Vivo Energy, the company that distributes and markets Shell-branded fuels and lubricants to retail and commercial customers in Africa.
  • SiteOne Landscape Supply in its $241.5 million initial public offering and in several secondary offerings totaling approximately $1.2 billion.
  • Barclays and Credit Suisse, as lead underwriters, in the $169 million initial public offering by GMS.
  • Univar in its $885 million initial public offering and concurrent private placement of $350 million of shares to Temasek and the additional purchase of 5 million shares of Univar common stock from selling stockholders by Temasek.
  • The D. E. Shaw Group as selling shareholder of James River Group in its $246.6 million initial public offering.
  • ServiceMaster Global Holdings in its $702 million initial public offering.
  • Clayton, Dubilier & Rice as the majority shareholder of Exova in the company’s £220 million initial public offering.
  • Fidelity & Guaranty Life in its $190.6 million initial public offering.
  • Envision Healthcare in its $1.1 billion initial public offering of common stock.
  • HD Supply in its $1.1 billion initial public offering of common stock.
  • Gogo in its $187 million initial public offering of common stock.
  • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.
  • Morgan Stanley, Barclays Capital and Goldman Sachs in the $353 million initial public offering by CVR Partners.
  • Booz Allen Hamilton, a Carlyle portfolio company, in its $238 million initial public offering.
  • BWAY in its $150 million initial public offering.
  • Rental Service Corporation in its $458 million initial public offering.
  • Rexel and its shareholders, Clayton, Dubilier & Rice, Eurazeo and BAML Private Equity, in the €6.5 billion initial public offering of Rexel shares and its listing on Euronext Paris.
  • Hertz Global Holdings in its $1.3 billion initial public offering of common stock.
  • Principal Financial Group in its $2.13 billion initial public offering.
  • China Life in its nearly $3.5 billion global initial public offering and listing on the New York Stock Exchange, the largest IPO worldwide in 2003.

• Selected Equity Offerings

  • Perenco in a €10 million investment by its investment and asset management arm, Taranis, in cleantech company Pryme.
  • KKR in its secondary public offering of Class A Common Stock of Crescent Energy, a U.S. independent energy company with a portfolio of assets concentrated in Texas and the Rockies, and concurrent Sale of Units of Crescent Energy OpCo LLC.
  • Artificial Labs, an insurtech company, in its £8 million Series A+ funding round.
  • Core & Main and Clayton, Dubilier & Rice in its $1 billion secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • Clayton, Dubilier & Rice in the secondary public offering and sale of $434 million of Beacon Roofing Supply common stock.
  • Core & Main and Clayton, Dubilier & Rice in its $936 million secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • Clayton, Dubilier & Rice in the secondary public offering and sale of $399 million of Beacon Roofing Supply common stock.
  • Core & Main and Clayton, Dubilier & Rice in its $791 million secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • American International Group and Corebridge Financial in AIG’s secondary public offering of approximately $712 million of Corebridge common stock.
  • Core & Main and Clayton, Dubilier & Rice in an $817 million secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • DoubleVerify, a leading software platform for digital media measurement and analytics, and Providence Equity Partners in the secondary public offering and sale of $380 million of DoubleVerify common stock.
  • American International Group and Corebridge Financial in AIG’s secondary public offering of 50 million shares of Corebridge Financial common stock.
  • Core & Main and Clayton, Dubilier & Rice in a $667 million secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • Mitsui in its agreement to tender its minority stake in Thorne to L Catterton in a take-private transaction with an aggregate value of approximately $680 million.
  • Newport Global Advisors in a block trade of shares in Colt CZ Group SE sold by over ten individual shareholders represented by TXPATCH8445 Holdings LLC, through an accelerated bookbuilding process resulting in total aggregate proceeds of approximately CZK 330 million.
  • Clayton, Dubilier & Rice in the secondary public offering and sale of $417 million of Beacon Roofing Supply common stock.
  • DoubleVerify, a leading software platform for digital media measurement and analytics, and Providence Equity Partners in the secondary public offering and sale of $408 million of DoubleVerify common stock.
  • Clayton, Dubilier & Rice in the repurchase by Beacon of its Series A Preferred Stock valued at $804.5 million.
  • Core & Main and Clayton, Dubilier & Rice in a $536 million secondary public offering of Core & Main class A common stock and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • American International Group and Corebridge Financial in AIG’s secondary public offering of 74.75 million shares of Corebridge Financial common stock at $16.25 per share.
  • Morgan Stanley and Goldman Sachs, as representatives of the underwriters, in the offering and sale of $1.4 billion of common shares by RenaissanceRe Holdings Ltd.
  • Everest Re in its $1.5 billion public offering of common shares.
  • agilon health and Clayton, Dubilier & Rice in the $2 billion secondary offering and repurchase of shares of agilon health common stock.
  • Core & Main and Clayton, Dubilier & Rice in a $443 million secondary public offering and concurrent purchase and redemption of Core & Main class A common stock and partnership interests of Core & Main Holdings, LP.
  • DoubleVerify, a Providence Equity Partners portfolio company and leading software platform for digital media measurement and analytics, and Providence Equity Partners in their secondary public offering of 14.375 million shares of DoubleVerify common stock at $26.50 per share.
  • Baring Vostok Capital Partners in the $85 million sale of global depositary receipts representing common shares of Kaspi.kz, the Kazakh tech and financial services company, through an accelerated bookbuild.
  • Helios Underwriting, the unique investment vehicle which acquires and consolidates underwriting capacity at Lloyd's, in raising approximately £12.5 million through a placing of, and a subscription for, new ordinary shares.
  • Westpac in the establishment of its medium term notes program.
  • DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its secondary public offering of 11.5 million shares of common stock at $26.40 per share.
  • KKR as selling stockholder of more than $300 million of Laureate Education common stock.
  • Newport Global Advisors in a unique block trade of shares in CZG – Česká zbrojovka Group SE sold by over 20 individual shareholders represented by TXPATCH8445 Holdings LLC, through an accelerated bookbuilding process resulting in total aggregate proceeds of CZK 366 million.
  • Core & Main, a Clayton, Dubilier & Rice portfolio company and a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, and Clayton, Dubilier & Rice in a $520 million secondary public offering of Core & Main class A common stock.
  • CPP Investments as a significant equityholder of Lulus, a lifestyle fashion brand, in the IPO of Lulus.
  • DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its secondary public offering of 9.2 million shares of common stock at $31.25 per share.
  • SPB Exchange in its $175 million initial public offering of shares to Russian and international investors with listing on SPB Exchange.
  • agilon health and Clayton, Dubilier & Rice in the $587 million secondary offering of agilon health common stock.
  • Morgan Stanley, Deutsche Bank and Nomura Securities as placement agents in a $125 million PIPE transaction in connection with the merger of LocalBounti Corporation and Leo Holdings III Corp.
  • Spirit Airlines in its common stock offering of over 10.5 million shares.
  • Special Committee of R1 RCM in its conversion of all of the Series A Convertible Preferred Stock held by an investment vehicle jointly owned by Ascension and TowerBrook to common stock.
  • BNY Mellon in its role as the depositary bank in Nova Ljubljanska Banka’s €567 million offering and listing of global depositary receipts.
  • Elliott Management in a $450 million equity rights offering of Roadrunner Transportation Systems, resulting in Elliott acquiring 90% of Roadrunner.
  • Clayton, Dubilier & Rice and its co-investors in the €380 million sale of shares in SPIE.
  • Atkore International, a Clayton, Dubilier & Rice portfolio company, in its $259 million secondary offering of common stock.
  • Clayton, Dubilier & Rice and Temasek Holdings (Private) Limited as selling shareholders and Univar in the $315.6 million secondary offering of common stock of Univar.
  • Atkore International, a Clayton, Dubilier & Rice portfolio company, in its $152 million secondary offering of common stock.
  • Tribune Media in its $518.7 million secondary offering of common stock.
  • Barclays and Credit Suisse, as lead underwriters, in the $169 million initial public offering by GMS.
  • ServiceMaster Global Holdings in its $848 million secondary offering of common stock.
  • Clayton, Dubilier & Rice and Carlyle as selling shareholders and HD Supply in the $1.1 billion secondary offering of common stock of HD Supply.
  • Clayton, Dubilier & Rice and Carlyle as selling shareholders in the $550 million secondary offering of common stock by HD Supply.
  • American International Group in a registered secondary offering of $3.4 billion of AerCap Holdings N.V. ordinary shares and a private sale of $750 million of AerCap Holdings N.V. ordinary shares to AerCap Holdings N.V. for $250 million in cash and $500 million of 6.50% fixed-to-floating rate junior subordinated notes issued by AerCap Global Aviation Trust.
  • Envision Healthcare in its $1.1 billion secondary offering of common stock.
  • Booz Allen Hamilton and Carlyle in several transactions through which approximately $2 billion of Booz Allen Hamilton common stock was sold to the public by Carlyle.
  • TPG and Coors Family Trusts as selling shareholders in the $456 million secondary offering of common stock by Graphic Packaging.
  • Former Shareholders of New Young Broadcasting in the $65 million secondary offering by Media General.
  • Clayton, Dubilier & Rice, The Carlyle Group and Bain Capital as selling shareholders and HD Supply in the $897 million secondary offering of common stock of HD Supply.
  • Clayton, Dubilier & Rice, TPG, certain Coors family trusts and the Adolph Coors Foundation, and Old Town as selling shareholders in the $295.5 million and $401.1 million secondary offerings of common stock of Graphic Packaging and related share repurchases.
  • Envision Healthcare in its $964.6 million secondary offering of common stock.
  • Clayton, Dubilier & Rice as selling shareholders and NCI Building Systems in the $153 million secondary offering of NCI’s common stock.
  • Credit Suisse and Goldman, Sachs & Co. as joint bookrunners in the $755.5 million offering of common stock by KAR Auction Services.
  • Clayton, Dubilier & Rice, TPG, certain Coors family trusts and Old Town as selling shareholders in the $126 million and $115.95 million secondary offerings of common stock of Graphic Packaging.
  • Credit Suisse, Citigroup, BofA Merrill Lynch, Barclays, UBS Investment Bank, Jefferies, J.P. Morgan and RBC Capital Markets as underwriters in the $301.8 million secondary offering of common units of CVR Partners.
  • Selling stockholders, including Clayton, Dubilier & Rice, The Carlyle Group and BofA Merrill Lynch in the $1.23 billion, $1.221 billion, $810.5 million and $781.5 million secondary common stock offerings by Hertz Global Holdings.
  • American International Group in its $6.45 billion sale of ordinary shares of AIA Group.
  • American International Group in its $6 billion sale of a portion of its controlling stake in AIA Group.
  • Clayton, Dubilier & Rice as selling shareholder in the $347 million secondary offering of common stock by Sally Beauty Holdings.
  • Goldman Sachs, Citi and Credit Suisse as book-running managers for the $6.4 billion combined primary and secondary offerings of common stock by MetLife and American International Group.
  • Vilmorin in its €200 million capital increase.
  • Manulife in its Cd$2.5 billion offering of common shares.
  • Melco Crown Entertainment in its $220 million follow-on public offering of American Depositary Shares.
  • Hertz Global Holdings in its $343.9 million offering of common stock.
  • Principal Financial Group in its $1 billion offering of common stock.
  • Pernod Ricard in its €1 billion share capital increase.
  • Pernod Ricard in U.S. matters relating to its $1.3 billion rights offering.
  • AMR in its $300 million at-the-market offering of common stock.
  • Hertz Global Holdings in its $1 billion secondary offering of common stock.
  • AMR in a $503 million offering of common stock, underwritten by Credit Suisse, Merrill Lynch & Co. and UBS Investment Bank.

• Selected Debt Offerings

  • AIA Group in its $1 billion offering of 5.375% subordinated dated securities due 2034.
  • Artera Services and Clayton, Dubilier & Rice in the $2 billion comprehensive refinancing for Artera.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $450 million aggregate principal amount of 6.500% senior notes due 2029.
  • B&M in the offering of £250 million of 8.125% senior secured notes due 2030, as well as the concurrent tender offer of a portion of its existing 3.625% senior secured notes due 2025.
  • Corebridge Financial, a majority owned subsidiary of American International Group, in its offering of $500 million aggregate principal amount of 6.050% senior notes due 2033.
  • Rexel in the placement of €400 million of 5.250% unsecured senior sustainability-linked notes due 2030.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $400 million aggregate principal amount of 7.950% senior notes due 2028.
  • Booz Allen Hamilton in its inaugural investment grade notes offering, consisting of $650 million aggregate principal amount of 5.950% Senior Notes due 2033.
  • Morgan Stanley, Barclays, HSBC and Wells Fargo Securities, as representatives of the underwriters, in the public offering of $750 million aggregate principal amount of Tier 3 5.750% Senior Notes by RenaissanceRe due 2033.
  • Warner Bros. Discovery in the offering of $1.5 billion aggregate principal amount of 6.412% Senior Notes due 2026 by WarnerMedia Holdings.
  • AIA Group in its $600 million offering of 4.95% notes, due 2033.
  • Spirit Airlines in its $600 million secured notes offering, backed by assets and intellectual property of Spirit’s Free Spirit and Spirit Saver$ Club programs.
  • Pacific LifeCorp in its issuance and sale of $750,000,000 aggregate principal amount of its 5.400% Senior Notes due September 15, 2052.
  • Corebridge Financial, a majority-owned subsidiary of American International Group, in its offering of $1.0 billion of 6.875% Fixed-to-Fixed Reset Rate Junior Subordinated Notes offering due 2052.
  • Corebridge Financial, a majority-owned subsidiary of American International Group, in its $6.5 billion offering of senior unsecured notes in relation to the separation of American International Group’s Life & Retirement business. At the time of announcement, this transaction was reported to be the largest-ever debt offering by an insurance company.
  • Manulife in its $750 million U.S. offering of 3.703% senior “green” notes due 2032.
  • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $550 million aggregate principal amount of 3.750% notes due 2027.
  • Warner Music Group in its private offering of $540 million senior secured notes.
  • Norilsk Nickel in its $500 million Eurobond offering of 2.80% notes due 2026.
  • PJSC Polyus in its $700 million Eurobond offering of 3.25% notes due 2028 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $605.3 million.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $500 million aggregate principal amount of 2.750% notes due 2027.
  • Warner Music Group in its private offering of €445 million euro-denominated senior secured notes.
  • The underwriters in the $500 million public offering of depository shares by RenaissanceRe.
  • The underwriters in the offering and sale of $750 million fixed-to-fixed rate subordinated debentures due 2051 by Global Atlantic.
  • Ambac in the issuance and sale by Sitka Holdings, its newly formed special purpose entity, of its $1.175 billion aggregate principal amount of LIBOR plus 4.50% Floating Rate Senior Secured Notes due 2026.
  • Booz Allen Hamilton in the refinancing of its $2.67 billion senior secured credit facilities and the issuance of $500 million of new senior unsecured notes.
  • The initial purchasers in the offering and sale of $650 million 3.125% senior notes due 2031 by Global Atlantic Financial Group.
  • NLMK in its €500 million Eurobond offering of 1.45% notes due 2026 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $470.6 million.
  • Spirit Airlines in its $500 million aggregate principal amount of new convertible notes offering 1.00% convertible senior notes due 2026, $146.8 million repurchase of its existing 4.75% existing convertible senior notes due 2025 and redemption of $340 million of its existing 8.00% senior secured notes due 2025.
  • White Cap Parent in the offer and sale of $300 million of 8.25%/9.00% Senior PIK toggle notes due 2026 to fund a dividend payment to the company's equity holders.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the offer and sale of $500 million aggregate principal amount of 3.950% notes due 2026.
  • BNY Mellon in its role as the depositary bank in Ignitis grupė’s €450 million offering, and listing on the London Stock Exchange. The listing was named by CEE Legal Matters among its 2020 Deals of the Year.
  • JetBlue in its $808 million 2020-1 EETC offering and $116 million 2019-1B EETC offering.
  • Cornerstone Building Brands in the pricing of its $500 million offering of 6.125% unsecured senior notes due 2029.
  • Alaska Airlines and Horizon Air Industries in their $1.17 billion inaugural EETC offering.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the placement of $215 million of senior unsecured notes.
  • AIA Group in its $1.75 billion offering of 3.2% subordinated fixed rate securities, due in 2040. The offering was named “Bond Deal of the Year” by FinanceAsia in its annual Achievement Awards.
  • The managers in an offering by Liberty Mutual (the "Company") of €500 million aggregate principal amount of 3.625% Series D Junior Subordinated Notes due 2059 (the "Notes"), which were structured as Euro-denominated hybrid securities. Net proceeds from the Notes were used to repay the outstanding amounts of the Company's Series B Junior Subordinated Notes and for general corporate purposes, including repurchases of the Company's Series A Junior Subordinated Notes pursuant to a tender offer.
  • Delta Air Lines in its $500 million offering of enhanced equipment trust certificates (“EETC”) secured by two Airbus A220-100 aircraft, six Airbus A321-200 aircraft, four Boeing 737-900ER aircraft and two Airbus A350-900 aircraft, in two non-amortizing tranches, the first EETC offering by a major U.S. airline to include Airbus A220 aircraft as collateral.
  • PowerTeam Services, a Clayton, Dubilier & Rice portfolio company, in the financing aspects of its purchase of Miller Pipeline and Minnesota Limited for $850 million in cash.
  • Globo Comunicação e Participações S.A. in a 144A/Reg S offering of $500 million of its 4.875% senior unsecured notes due 2030.
  • Carlyle in the financing aspects of its $1.8 billion acquisition, with T&D Holdings, of a majority interest in Fortitude Re.
  • InterXion in the financing aspects of its combination with Digital Realty, valuing InterXion at $8.4 billion.
  • Prudential Financial in its $2.35 billion acquisition of Assurance IQ.
  • Rexel in its €600 million offering of 2.750% notes due 2026.
  • AXA Equitable Holdings in the offer and sale of $862.5 million of mandatorily exchangeable securities.
  • Principal Financial Group in the offer and sale of $400 million P-Caps of High Street Funding Trust I Redeemable 2028.
  • Rexel in its €500 million offering of 2.125% notes due 2025.
  • AIA Group in its $500 million offering of 3.90% notes due 2028.
  • NLMK in its $500 million Eurobond offering of 4% notes due 2024, and a related tender offer for outstanding notes due 2018 and 2019 for the aggregate principal amount of $317 million.
  • Brand Energy and Infrastructure Services, a Clayton, Dubilier & Rice portfolio company, in its $700 million offering of senior unsecured notes in connection with the combination of Brand Energy and Safway Group.
  • Brand Energy and Infrastructure Services, a Clayton, Dubilier & Rice portfolio company, in its $3.325 billion secured credit facility and $700 million offering of senior unsecured notes in connection with the combination of Brand Energy and Safway Group.
  • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the United States.
  • AIA Group in its $500 million offering in Taiwan of 4.47% senior unsecured fixed rate notes due 2047.
  • High Ridge Brands, a leading personal care consumer products company and a Clayton, Dubilier & Rice portfolio company, in its $250 million offering of 8.875% senior notes due 2025.
  • Rexel in its €300 million offering of 2.625% senior notes due 2024.
  • B&M in its £250 million bond offering of 4.125% senior secured notes due 2022, and its related refinancing of certain of its existing senior credit facilities.
  • Polyus Gold International in its $800 million Eurobond offering of 5.25% guaranteed notes due 2023.
  • Warner Music Group in a two–part refinancing transaction, including its offer and sale of $250 million 4.875% dollar-denominated senior secured notes due 2024 and an offering of €345 million 4.125% euro-denominated senior secured notes due 2024 and the retirement of $450 million of outstanding dollar-denominated senior notes and €157 million of euro-denominated senior notes.
  • The initial purchasers in Liberty Mutual's €750 million debut Eurobond offering of 2.75% notes due 2026.
  • Verizon Communications in its $49 billion bond offering, the largest ever corporate bond issue, as well as over $10 billion in additional debt financing to finance, in part, Verizon’s acquisition of Vodafone Group Plc’s 45% indirect ownership interest in Verizon Wireless.
  • Westpac in its $1 billion offering of covered bonds and $3.75 billion offerings of fixed rate notes due 2018 and floating rate notes due 2020.
  • Principal Financial Group in the offer and sale of $300 million of 4.300% senior notes due November 2046.
  • International Paper in the offer and sale of its $750 million commercial paper program.
  • Goldman Sachs, BofA Merrill Lynch, Citigroup, J.P. Morgan and Morgan Stanley as bookrunners in MetLife’s offering of 1,500,000 shares of its 5.250% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C, valued at $1.5 billion.
  • Spirit Airlines in its $576.6 million offering of EETCs secured by 15 Airbus aircraft, which was Spirit Airlines’ inaugural EETC offering.
  • Stone Point Capital in a $1.34 billion senior secured term loan facility, $200 million senior secured revolving credit facility and $535 million offering of senior notes in connection with Stone Point’s significant equity investment in Alliant Insurance Services.
  • American International Group in a registered secondary offering of $3.4 billion of AerCap Holdings N.V. ordinary shares and a private sale of $750 million of AerCap Holdings N.V. ordinary shares to AerCap Holdings N.V. for $250 million in cash and $500 million of 6.50% fixed-to-floating rate junior subordinated notes issued by AerCap Global Aviation Trust.
  • Barclays, BofA Merrill Lynch, Credit Suisse and UBS Investment Bank as bookrunners in MetLife’s offering of $500 million of 3.000% senior notes due 2025 and $1.0 billion of 4.050% senior notes due 2045.
  • Morgan Stanley and Barclays as lead underwriters in the $300 million offering of 3.700% senior notes due 2025 issued by RenaissanceRe Finance and guaranteed by RenaissanceRe Holdings Ltd.
  • TIAA Asset Management, a subsidiary of TIAA, in its offering of $1.0 billion of 2.950% senior notes due 2019 and $1.0 billion of 4.125% senior notes due 2024. The notes financed in part the redemption of the pre-acquisition debt of Nuveen Investments.
  • TIAA in its offering of $1.65 billion of 4.900% surplus notes due 2044 and $350 million of 4.375% fixed-to-floating rate surplus notes due 2054. The surplus notes financed in part TIAA’s acquisition of Nuveen Investments.
  • Guardian in its $450 million offering of 4.875% Surplus Notes due 2064.
  • International Paper in its $800 million offering of its 3.65% notes due 2024 and $800 million of its 4.80% notes due 2044, which were sold pursuant to an effective registration statement on Form S-3.
  • BofA Merrill Lynch, Barclays, Deutsche Bank Securities, J.P. Morgan and Morgan Stanley as bookrunners in MetLife's issuance of $1 billion of 3.600% senior notes due 2024.
  • Pernod Ricard in the issuance of €850 million 2.000% Notes due 2020.
  • Westpac in its offering of $1.25 billion of 2.25% notes due 2019 and $250 million of floating rate notes due 2019.
  • American Airlines in its offerings of $512 million of class B pass through certificates, series 2013-2, $1.4 billion of class A enhanced equipment trust certificates series 2013-2 and $663.4 million of class A and class B enhanced equipment trust certificates series 2013-1.
  • Westpac Banking Corporation in its offering of $1.25 billion of floating rate notes due 2016 and $500 million of 1.050% notes due 2016.
  • Barclays, Goldman Sachs & Co., UBS Investment Bank and Wells Fargo Securities in the $1.0 billion offering of 4.875% senior notes due 2024 by an insurance company.
  • Polyus Gold International in its listing of $750 million 5.625% notes due 2020 on the London Stock Exchange.
  • Alstom in its €500 million offering of 3.00% bonds due 2019 under its EMTN program.
  • CLSA as placing agent for HK$1.2 billion of Zero Coupon Convertible Bonds issued by Paul Y. Engineering Group Limited, a Hong Kong Stock Exchange listed company, and the concurrent placement of HK$2.0 billion of shares of Paul Y. Engineering Group Limited.
  • Westpac in its $500 million offering of floating covered bonds due 2015, $1.5 billion offering of 1.375% floating covered bonds due 2015 and $1 billion of 2.45% global covered bonds due 2016, under its $20 billion Global Covered Bond Program.
  • Itaú Unibanco in its $1.375 billion offering of 5.5% subordinated notes due 2022 and $1.250 billion offering of 5.65% subordinated notes due 2022 under its $10 billion global medium-term note program.
  • International Paper in its $900 million offering of 4.75% notes due 2022 and in its $600 million of 6.00% notes due 2041.
  • Morgan Stanley, BofA Merrill Lynch, UBS Investment Bank and HSBC as joint book-runners in Cigna Corporation’s $600 million offering of 2.750% senior notes due 2016, $750 million of 4.000% senior notes due 2022 and $750 million of 5.375% senior notes due 2042.
  • iPayment Holdings in its $400 million offering of 10.25% senior notes due 2018.
  • Banc Of America Securities, Merrill Lynch, Credit Suisse, Deutsche Bank Securities, HSBC, UBS Investment Bank and Wells Fargo Securities as book-running managers in MetLife's $1.0 billion offering of 2.375% senior notes due 2014, $1.0 billion offering of 4.750% senior notes due 2021, $750 million offering of 5.875% senior notes due 2041 and $250 million offering of floating rate senior notes due 2013.
  • Principal Financial Group in its $100 million offering of 6.05% senior notes due 2036.

• Selected Debt Tender Offers

  • PJSC Polyus in its $700 million Eurobond offering of 3.25% notes due 2028 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $605.3 million.
  • NLMK in its €500 million Eurobond offering of 1.45% notes due 2026 and a related tender offer for outstanding notes due 2023 and 2024 for the aggregate principal amount of $470.6 million.
  • Ambac in the exchange of the securities of the Corolla Trust, a Delaware statutory trust formed by Ambac Financial Group, Inc. in 2014, for Ambac Assurance Corporation’s 5.1% senior surplus notes due 2020.
  • Ambac Assurance Corporation, a Wisconsin domiciled insurance company, in a holistic restructuring transaction that involved three exchange offers of existing debt securities and other payment obligations for approximately $2.2 billion of newly issued debt securities, as well as a new-money financing collateralized by the future proceeds of certain litigation claims against RMBS originators.
  • Goldman Sachs in the tender offer by MetLife for up to 59,850,000 shares of its 6.500% of Non-Cumulative Preferred Stock, Series B.
  • NLMK in a tender offer in respect of its $800 million 4.45% loan participation notes due 2018 and $500 million 4.95% loan participation notes due 2019 (issued by Steel Funding Limited) in the aggregate principal amount of $121.7 million.
  • US Foods in a consent solicitation relating to its outstanding high yield notes and the $8.2 billion merger of US Foods with Sysco Corporation.
  • International Paper in its tender offer for up to $1 billion combined aggregate principal amount of its outstanding 9.375% notes due 2019 and 7.950% notes due 2018.
  • MBIA in a consent solicitation with respect to its senior notes.
  • Pacific Life in a tender offer for its 9.25% Surplus Notes due 2039 and its parent company, Pacific LifeCorp, in a related offering of $500 million 5.125% senior notes due 2043.
  • Reynolds Group in its tender offer and consent solicitation for 9.875% senior subordinated notes due 2014, 8.35% senior notes due 2017 and 8.25% senior notes due 2018.
  • Roofing Supply Group in the tender offer of its outstanding $202.5 million 8 5/8% senior secured notes due 2017.
  • J.P. Morgan and Deutsche Bank as underwriters in Cigna Corporation’s offering of $250 million of its 4.375% senior notes due 2020 and $300 million of its 6.35% senior notes due 2018.
  • Polyus Gold International in a consent solicitation in respect of KazakhGold Limited's $200 million 9.375% senior notes due 2013.
  • Reynolds Group in its $1.5 billion offering of 7.125% senior secured notes due 2019 and $1.5 billion offering of 9.000% senior notes due 2019.
  • Domtar in a tender offer for its outstanding senior notes.
  • MBIA in its tender offer for preferred stock.

• Selected High Yield Debt Offerings

  • Relevant parties in the financing aspects of the £2.5 billion acquisition of 337 petrol forecourts in the UK, and more than 400 associated sites.
  • Clayton, Dubilier & Rice, and its indirect subsidiary Verde Purchaser, in $2.125 billion of financing for CD&R’s $2.6 billion acquisition of Veritiv Corporation.
  • Market Bidco Finco Plc, an indirect subsidiary of funds managed or advised by Clayton, Dubilier & Rice, in the offerings of £1.075 billion and €545 million of senior secured fixed rate notes relating to the financing of CD&R’s acquisition of Wm Morrison Supermarkets Limited.
  • Clayton, Dubilier & Rice in the financing aspects of its proposed $4 billion take private acquisition of Anixter International, a NYSE-listed company. (Terminated)
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of a majority interest in American Greetings.
  • Brand Energy and Infrastructure Services, a Clayton, Dubilier & Rice portfolio company, in its $700 million offering of senior unsecured notes in connection with the combination of Brand Energy and Safway Group.
  • Brand Energy and Infrastructure Services, a Clayton, Dubilier & Rice portfolio company, in its $3.325 billion secured credit facility and $700 million offering of senior unsecured notes in connection with the combination of Brand Energy and Safway Group.
  • Clayton, Dubilier & Rice in its $2.5 billion acquisition of HD Supply’s Waterworks Division, the largest distributor of waterworks products in the United States.
  • High Ridge Brands, a leading personal care consumer products company and a Clayton, Dubilier & Rice portfolio company, in its $250 million offering of 8.875% senior notes due 2025.
  • HD Supply in its $1.25 billion offering of 5.25% senior secured first priority notes due 2021.
  • Corporate Risk Holdings (f.k.a. Altegrity), a global, diversified risk and information services company, together with its operating businesses Kroll, HireRight and USIS, in their pre-negotiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware, in which they restructured more than $1.8 billion in indebtedness. This restructuring was honored by Turnarounds & Workouts as one of ten “Successful Restructurings 2015.”
  • Envision Healthcare, in its offering of $750 million of senior notes and in its $1.1 billion initial public offering of common stock.
  • Reynolds Group in its $590 million offering of 6.000% senior subordinated notes due 2017 and $650 million offering of 5.625% senior notes due 2016.
  • Rexel in its concurrent €650 million offering of 5.125% senior notes and $500 million offering of 5.250% senior notes, both due 2020.
  • HD Supply in its $675 million 11% senior secured second priority notes due 2020, $1.525 billion 11.5% senior notes due 2020 and $950 million 10.5% senior subordinated notes due 2021.
  • Hertz in issuing $1.5 billion of high yield bonds to finance its acquisition of Dollar Thrifty.
  • Reynolds Group in its $1.5 billion offering of 7.875% senior secured notes due 2019 and $1.0 billion offering of 9.875% senior notes due 2019, in connection with its acquisition of Graham Packaging.
  • Warner Music Group in its offering of $500 million of 6.000% senior notes due 2021 and €175 million of 6.250% senior secured notes due 2021 in related refinancing transactions.
  • Getty Images, a Carlyle portfolio company, in its $550 million offering of 7.000% senior notes due 2020.
  • David's Bridal, a Clayton, Dubilier & Rice portfolio company, in its $270 million offering of 7.75% senior notes due 2020.
  • CDRT Holding Corporation (Emergency Medical Services) in its $450 million offering of 9.25%/10.00% senior PIK toggle notes due 2017.
  • Reynolds Group in its $3.25 billion offering of 5.75% senior secured notes due 2020, at the time the third-largest single-tranche issue on record in the high-yield market and the largest issue since 2008.
  • Domtar in its $250 million offering of 6.25% senior notes due 2042.
  • The ServiceMaster Company in its $750 million offering of 7.000% senior notes due 2020.
  • WMG Acquisition in its $150 million offering of senior secured notes due 2016, $765 million offering of 11.50% senior notes due 2018, and WMG Holdings in its $150 aggregate principal amount of 13.75% senior notes due 2019, on the acquisition of Warner Music Group’s entire recorded music and music publishing businesses by Access Industries.
  • The ServiceMaster Company in its $100 million and $500 million offerings of 8% senior notes due 2020.

• Selected Spin-Offs

  • International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
  • Jackson and Prudential plc in the separation of Jackson through a demerger, in a transaction valued at approximately $2.5 billion and that establishes Jackson as an independent, publicly-traded company.
  • Tribune Media Company in its spin-off of Tribune Publishing Company.
  • International Paper in a Reverse Morris Trust transaction in which it spun off its distribution business, xpedx, which subsequently merged with and into UWW Holdings, Inc., the parent company of Unisource Worldwide, Inc., to form a new, publicly traded company, Veritiv Corporation.
  • TruGreen in its spin-off from ServiceMaster.
  • Dundee Bancorp in the spin-off of Dundee Realty Corp.
  • Sears Holding Corporation in the spin-off of its Hometown and Outlet stores business via a rights offering and the sale of up to 23.1 million shares of common stock of Sears Hometown and Outlet stores.
  • American International Group and AIA Group Limited in AIA's spin-off from AIG and $20.5 billion initial public offering and listing in Hong Kong, constituting the largest IPO in Hong Kong's history and the world's largest IPO in the insurance sector.
  • Verizon Communications in the $8.6 billion spin-off and merger of its wireline businesses in 14 states to Frontier Communications Corporation.
  • TGC-8 in its establishment of a sponsored GDR facility and distribution of GDRs to the shareholders of RAO as it relates to the spinoff of RAO's interest in TGC-8 to its shareholders.
  • RAO UES in the $49 billion spin-off of its power-generating assets to its shareholders.
  • Norilsk Nickel in its $2.7 billion spin-off of its power-generating assets and the creation of the largest independent power company in Russia.
  • Verizon communications in the $2.72 billion spin-off and merger of Verizon’s local exchange business in Maine, New Hampshire and Vermont with Fairpoint Communications.
  • Verizon Communications in the $13 billion spin-off of its U.S. print and Internet yellow pages directories business, forming a new public company called Idearc.
  • Norilsk Nickel, one of the world’s premier metals and mining operations, in the spin-off of its gold assets and the creation of Polyus Gold, a major international gold company with a market capitalization in excess of $9 billion.