Jeff is an engaging lawyer and has a levelheaded approach to solving problems.
Chambers USA

Jeffrey Delaney, Pillsbury's firmwide Corporate and Securities practice section leader, is an authority on specialized finance for energy, pharmaceutical and life insurance companies.

Recognized by Chambers Global, Chambers USA and Best Lawyers, Jeff is highly regarded for his strategic counsel to companies, underwriters and investors as they access capital markets. Experienced in public and private debt and equity offerings, liability management activities (including debt tender offers, debt exchange offers and consent solicitations), high-yield debt, bank note and hybrid financings, funding agreement-backed medium-term-note programs for life insurance companies and drug royalty monetizations and other structured debt financings for pharmaceutical companies, Jeff is sought after by industry leaders in the energy, banking, life insurance and pharmaceuticals fields for complex securities and financing transactions advice.

Representative Experience

  • Representing the underwriters and the investors for several energy companies (including Entergy Corporation and its subsidiaries, Ameren Corporation and its utility subsidiaries and Pinnacle West and its utility subsidiary) regarding public and private offerings of equity, equity units, preferred stock and secured and unsecured debt, including new and legacy mortgages and other secured instruments.
  • Advising a leading investment bank and certain investors in the structuring and execution of a variety of drug royalty monetizations (sales and financings) and related structured debt finance transactions and high-yield debt financings for pharmaceutical companies.
  • Representing the underwriters in connection with Rule 144A funding agreement-backed, medium-term note programs of several life insurance companies (including Massachusetts Mutual Life Insurance Company, Principal Life Insurance Company, American General Life Insurance Company, RGA Reinsurance Company and AXA Equitable Life Insurance Company).

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Energy

  • Representing Hawaiian Electric Industries Inc. in connection with its capital raising activities, including debt private placements.
  • Representing an electric utility and its subsidiaries in connection with its capital raising activities, including debt private placements.
  • Representing the investors in connection with two structured secured debt private placements for Bloom Energy Corporation.
  • Representing the investors in connection with multiple debt private placements for SJW Group and its subsidiary, San Jose Water Company.
  • Representing the underwriter in connection with the tax-exempt refinancing of a cogeneration electric facility in Florida.
  • Representing the underwriters in connection with the proposed initial public offering of an alternative energy company focused on the development of integrated gasification technology.
  • Representing the underwriters in two public follow-on equity offerings for Fuel Cell Energy Inc., a developer and manufacturer of fuel cell power plants.
  • Representing a leading energy company in connection with a Rule 144A debt exchange offer and other Rule 144A debt offerings.
  • Representing the initial purchasers in connection with the debut debt issuance of a regional water company by way of a Rule 144A debt offering.
  • Representing the initial purchasers in contemporaneous Rule 144A offerings for senior debt and capital securities of a diversified regional merchant energy company.
  • Representing an industrial minerals and aggregates company in a Rule 144A offering of high-yield debt securities and subsequent exchange offer.
  • Representing the underwriters in registered and Rule 144A offerings of debt securities and tax-advantaged preferred securities by domestic and foreign affiliates of energy companies, including electric distribution companies in the United Kingdom and Australia.
  • Representing an independent transmission company and its holding company in connection with a private placement of secured debt.

Financial Services and Life Insurance

  • Representing a domestic bank in connection with a variety of financing activities, including its bank note program.
  • Representing the initial purchasers in connection with Rule 144A surplus notes issuances for Massachusetts Mutual Life Insurance Company.
  • Representing the underwriters in connection with equity and debt offerings for Principal Financial Group Inc.
  • Representing the initial purchasers in connection with a Rule 144A senior notes financing for Sammons Financial Group Inc.

Other

  • Representing the underwriters in connection with multiple public equity offerings by Ironwood Pharmaceuticals Inc.
  • Representing a leading aluminum company in connection with a contemporaneous debt tender offer and Rule 144A high-yield debt financing.
  • Representing the underwriters in the initial public offering of an integrated steel company and subsequent Rule 144A offerings of high yield debt securities.
  • Representing the underwriter in connection with the development and establishment of a retail, asset-backed corporate trust certificate program.
  • Representing the underwriters in the initial public offering of an application-based software company.
  • Representing the initial purchasers and the underwriters in connection with the capital raising activities of a major telecommunications company, including contemporaneous Rule 144A offerings for convertible debt and straight debt.
  • Representing a U.S. airline in its initial public offering.
  • Representing a sanitation and facility maintenance supply company in proxy solicitations of its public shareholders relating to corporate acquisitions and dispositions.
  • Advising public companies in connection with compliance with the Sarbanes-Oxley Act of 2002, Regulation FD, and related corporate governance requirements.

Professional Highlights

  • Recognized by Chambers USA in Energy: Electricity Finance – National since 2012 and in Energy Finance: Transactional – National (2007–2011); and by Chambers Global in Energy: Finance – USA since 2013.
  • Listed in Best Lawyers (published by BL Rankings LLC) for Energy Law since 2011. Named Lawyer of the Year in Energy Law - New York (2020)
  • Received BTI’s “Client Service All-Star” award.

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  • Received Pace University | Elisabeth Haub School of Law’s 2018 Distinguished Service Award.
  • Previously served as a member of the firm's board for six years and previously led the firm’s lateral partner hiring program for 11 years.

  • Honors & Awards
    • PLC Which Lawyer?, Energy—New York (2009-2012)

Education

  • J.D., Pace University School of Law, 1992
    summa cum laude, Valedictorian; Member and Research and Writing Editor, Pace Law Review

    B.A., Pace University, 1989
    summa cum laude

Admissions

  • New York