Experience

• • Manulife in its $750 million U.S. offering of 3.703% senior “green” notes due 2032.
  • 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.
  • Core & Main, a Clayton, Dubilier & Rice portfolio company, in its $803 million initial public offering.
  • agilon health in its $1.2 billion initial public offering.
  • Artera Services, a Clayton, Dubilier & Rice portfolio company, in its $250 million tack-on offering of senior secured first priority notes.
  • International Paper in its cash tender offers for three outstanding series of senior notes.
  • PowerTeam Services, a Clayton, Dubilier & Rice portfolio company, in its $150 million tack-on offering of senior secured first priority notes.
  • Manulife in its $500 million MJDS offering of 2.484% senior notes due 2027.
  • Clayton, Dubilier & Rice in its $250 million convertible preferred equity investment in Covetrus, a global leader in animal-health technology and services.
  • InterXion in the financing aspects of its combination with Digital Realty, valuing InterXion at $8.4 billion.
  • Clayton, Dubilier & Rice and Core & Main in the offer and sale of $300 million of 8.625%/9.375% Senior PIK Toggle Notes due 2024 to fund a distribution to the holders of partnership units in Core & Main as part of a dividend recapitalization transaction.
  • Brighthouse Financial in its offer and sale (by means of a shelf takedown) of 17 million depositary shares, each representing a 1/1,000th interest in a share of the Company’s preferred stock, at a price of $25 per depositary share for gross proceeds of approximately $425 million. The transaction marks the first preferred stock issuance by Brighthouse.
  • Prudential Financial in the financing aspects of its $2.35 billion acquisition of Assurance IQ.
  • Principal Financial Group in its $500 million offering of 3.700% senior notes due 2029 to finance the $1.2 billion acquisition of Wells Fargo & Company’s Institutional Retirement & Trust business.
  • Vets First Choice in the financing aspects of its merger with the Henry Schein Animal Health business to create Covetrus, a new standalone public company.
  • AXA Equitable Holdings in the offer and sale of $862.5 million of mandatorily exchangeable securities.
  • 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.
  • Principal Financial Group in the offer and sale of $400 million P-Caps of High Street Funding Trust I Redeemable 2028.
  • Principal Financial Group in the offer and sale of $300 million of 4.300% senior notes due November 2046.
  • The ServiceMaster Company in its $750 million offering of 5.125% senior notes due 2024.
  • International Paper in its $2.3 billion offering of 3.000% senior notes due 2027 and 4.400% senior notes due 2047.
  • Envision Healthcare in its $15 billion merger with AMSURG, creating one of the largest U.S. providers of specialty physicians and hospital-related services.
  • International Paper in the offer and sale of its $750 million commercial paper program.
  • 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.
  • Manulife in its registered MJDS offering of $1.75 billion of senior notes consisting of $1.0 billion of 4.150% senior notes due 2026 and $750 million of 5.375% senior notes due 2046.
  • Envision Healthcare in its $620 million acquisition of Rural/Metro Corporation, the second largest provider of ambulatory services in the U.S.
  • 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.
  • Tribune Media in the refinancing of its $3.773 billion term loan facility and its $1.1 billion offering of 5.875% senior notes due 2022.
  • Stone Point Capital in its significant equity investment in specialty insurance broker Alliant Insurance Services, with KKR retaining a significant equity investment in the business.
  • 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.
  • Principal Financial Group in its concurrent $400 million offering of 3.400% senior notes due 2025 and $400 million offering of 4.700% fixed-to-floating rate junior subordinated notes due 2055.
  • 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.
  • Tribune Media in its $518.7 million secondary offering of common stock.
  • ServiceMaster Global Holdings in its $848 million secondary offering of common stock.
  • 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.
  • 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.
  • Envision Healthcare, a Clayton, Dubilier & Rice portfolio company, in its offering of $750 million of senior notes.
  • Credit Suisse and Goldman, Sachs & Co. as joint-bookrunning managers in the $377.4 million secondary offering of common stock by KAR Auction Services.
  • Deutsche Bank Securities, Citigroup, Credit Suisse, HSBC and Morgan Stanley as remarketing agents in the $1.0 billion offering of series D debentures by MetLife.
  • Envision Healthcare in its $1.1 billion initial public offering of common stock.
  • 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.
  • American International Group in its $6.45 billion sale of ordinary shares of AIA Group.
  • David's Bridal, a Clayton, Dubilier & Rice portfolio company, in its $270 million offering of 7.75% senior notes due 2020.
  • Deutsche Bank Securities, Credit Suisse, J.P. Morgan and Morgan Stanley as representatives of the remarketing agents in MetLife's $500 million offering of 1.756% senior component debentures and $500 million of 3.048% senior component debentures.
  • CDRT Holding Corporation (Emergency Medical Services) in its $450 million offering of 9.25%/10.00% senior PIK toggle notes due 2017.
  • American International Group (AIG) in its $2 billion sale of ordinary shares of AIA Group.
  • Principal Financial Group in its $300 million offering of 3.3% senior notes due 2022 and $300 million offering of 4.625% senior notes due 2042.
  • The ServiceMaster Company in its $750 million offering of 7.000% senior notes due 2020.
  • Barclays Capital, UBS Investment Bank and Citigroup as joint book-running managers of MetLife's $750 million offering of 4.125% senior unsecured notes due 2042.
  • Clayton, Dubilier & Rice in the $200 million offering by Roofing Supply Group of 10% senior notes due 2020.
  • Clayton, Dubilier & Rice as selling shareholder in the $397 million secondary offering of common stock by Sally Beauty Holdings.
  • American International Group in its $6 billion sale of a portion of its controlling stake in AIA Group.
  • The ServiceMaster Company in its $600 million offering of 8% senior notes due 2020.
  • Morgan Stanley, Citigroup and Deutsche Bank as joint book-running managers in the $650 million offering of common stock by Cigna Corporation.
  • 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.
  • Morgan Stanley, Barclays Capital and Goldman Sachs in the $353 million initial public offering by CVR Partners.
  • Forethought Financial in its $150 million offering of 8.625% senior notes due 2021.
  • Goldman, Sachs & Co., Citi and Credit Suisse as book-running managers for the $9.7 billion combined primary and secondary offerings of common stock and common equity units by MetLife and AIG.