Milbank LLP’s New York-based Corporate Finance and Securities team closed over 30 equity capital markets, debt capital markets and financing transactions in the first quarter of 2024. Transactions spanned a range of industries, including telecommunications, aerospace, technology, renewable energy, oil and gas, financial services, transportation and logistics, insurance, hospitality, biotechnology and infrastructure.
“The transactions closed last quarter showcase our team’s breadth and depth of experience as well as our clients’ innovative, market-setting work,” said Corporate Finance and Securities partner and practice group leader Jonathon Jackson. “We are fortunate and thankful to have had the opportunity to work together with our clients on successfully closing numerous deals across multiple industries, and we look forward to continuing to partner with clients on their most complex matters.”
Notable transactions from the quarter include representing:
- The initial purchasers in connection with Amwins Group, Inc.’s offering of $750 million of senior secured notes. The notes are secured by certain subsidiaries that also collateralize Amwins’ credit facilities.
- The underwriters in connection with AST SpaceMobile, Inc.’s public offering of $100 million of its Class A common stock.
- The initial purchasers in connection with two series of notes issuances by Banco de Crédito del Perú valued at $811 million.
- The underwriters in connection with Brookfield Renewable Partners L.P.’s offering of $150 million 7.250% green perpetual subordinated notes. Net proceeds of the offering are to be allocated entirely to renewable energy investments.
- The dealer managers and underwriters in Ecopetrol S.A.’s $1.85 billion offering of the 12-year 8.375% notes due 2036 and tender offer to purchase for cash any and all of Ecopetrol’s $1.2 billion 4.125% notes due 2025.
- Export Development Canada in connection with the issuance of $3.5 billion of 4.125% bonds due 2029.
- The initial purchasers in connection with Medline Industries, L.P.’s issuance of $1 billion 6.25% senior secured notes due 2029.
- The underwriters in connection with Verizon Communications, Inc.’s sixth $1 billion green bond offering. Net proceeds of the issuance are to be allocated entirely to renewable energy investments.
- The initial purchasers in connection with the offering by YPF S.A. of US $800 million aggregate principal amount of 9.500% senior secured notes due 2031.
