Capital Markets

The U.S. capital markets team advises on transactions involving equity, equity-linked and debt securities traded on the major U.S. and international exchanges, initial public offerings, high-yield debt offerings, SEC-registered offerings, non-registered offerings made pursuant to Rule 144A and Regulation S, liability management transactions involving tender offers and exchange offers, and other domestic and cross-border securities transactions by U.S. and non-U.S. issuers.

Representative experience includes advising:
  • Abengoa S.A. on its Rule 144A/Regulation S debt and exchangeable offerings
  • ACS and Saeta Yield on the Madrid IPO and related Spanish listing of Saeta Yield
  • Atlantica Yield (formerly known as Abengoa Yield) on its SEC registered IPO and NASDAQ listing, secondary offering, PIPE offering and Rule 144A/Regulation S high-yield offering
  • AT&T in connection with its private offer to exchange 17 series of notes aggregating over US$18bn
  • the underwriters on the €7.5bn accelerated bookbuilt offering of 1,213,592,234 new ordinary shares by Banco Santander
  • the managers on Barclays' issue of US$2bn 8.25% fixed rate resetting perpetual subordinated contingent convertible securities, the first Barclays CoCo raise from a U.S. registered debt shelf. Named Debt and Equity-Linked Deal of the Year by the IFLR Europe Awards 2014
  • Bpost NV on its initial public offering
  • the underwriters on the combined equity offering through an ABB and a rights issue for Banco de Sabadell S.A.
  • Citi and Banco Santander in the establishment of the Trade MAPS securitization program and the inaugural Reg. S/Rule 144A US$1bn issue under such program. Named Global Finance Deal of the Year, Capital Markets, by The American Lawyer 2014
  • the underwriters on notes offerings by the City of Buenos Aires
  • Emaar Malls Group PJSC and Emaar Properties on the IPO of Emaar Malls Group
  • TSB Banking Group and Lloyds Bank plc on the IPO and separation of TSB
  • the underwriters on the standby underwritten rights issue by UBM and Class 1 acquisition by Advantstar Communications
  • Woolworths Holdings Limited on its rights issue of ordinary shares
  • Barclays Bank, J.P. Morgan Securities, Morgan Stanley & Co. International and BNY Mellon Corporate Trustee Service Limited on the €4.040bn issue of guaranteed notes by British Sky Broadcasting Group to finance the acquisition of Sky Italia and Sky Deutschland
  • Falabella on an offering of US$500m 3.75% notes due 2023 and CH$94,589m 6.50% notes due 2023
  • the lead managers on all U.S. capital raisings by Gazprom since 2003
  • Moy Park, a company of Marfrig Group, on a £100m senior notes offering
  • National Grid on its SEC-related matters and other capital raisings, including its SEC shelf registration related matters, its £3.2bn rights issue, and offering by its U.S. subsidiaries Boston Gas, Niagara Mohawk Power and Narrangansett Electric
  • PEMEX (Petróleos Mexicanos), the largest company in Mexico, on its debut issuance of €100m of 4.625% registered bonds due 2030
  • the issuers or underwriters on offerings by the Russian Federation, Hungary, Indonesia, Malaysia, the Netherlands, the Philippines, South Africa and Ukraine, among others, including SEC-registered offerings
  • the underwriters on Rule 144A/Regulation S and Section 3(a)(2) offerings of senior notes and regulatory capital by Rabobank
  • the underwriters on the initial public offering of Royal Mail
  • Shanghai La Chapelle Fashion Co Ltd on its global offering of H shares
  • Swedbank on its senior notes and covered bond offerings
  • The Royal Bank of Scotland on various debt and equity offerings
  • VistaJet on its Rule 144A/Regulation S high-yield offering