Press Release
Firm Reps Underwriters on $650 million Issuance
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.07.19
Pillsbury has advised representatives of the underwriters on DTE Electric Company’s latest green bond offering: a $650 million issuance earmarked for the financing of wind and solar facility construction as well as to support energy efficiency programs. The offering closed on February 15.
Joint book-running managers for the offering were Barclays Capital Inc.; BNY Mellon Capital Markets, LLC; J.P. Morgan Securities LLC; and Merrill Lynch, Pierce, Fenner & Smith Incorporated. Fifth Third Securities, Inc.; SunTrust Robinson Humphrey, Inc.; US Bancorp Investments, Inc.; Loop Capital Markets LLC; and Siebert Cisneros Shank & Co, L.L.C. served as co-managers.
The Pillsbury team advising the underwriters on this offering was led by partner Cathy Hood, and included Tax partner Harsha Reddy, special counsel Reza Zarghamee and associates Lexi Calcado and Patrick Mock.
DTE Electric is a Michigan public utility engaged in the generation, purchase, distribution and sale of electric energy and serves approximately 2.2 million customers in southeastern Michigan.