Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.09.17
Pillsbury has advised Goldman Sachs, as lead book-running manager, and fellow underwriters Barclays, BofA Merrill Lynch, J.P. Morgan, MUFG and Wells Fargo Securities in Great Plains Energy’s $4.3 billion issuance of senior notes. The offering priced on March 6 and closed on March 9.
Proceeds from the transaction, combined with those generated by Great Plains’ $2.5 billion equity securities offering last fall, will be used to finance the company’s pending $9 billion acquisition of Westar Energy, the largest electric utility in Kansas.
The Pillsbury team advising the underwriters of this transaction was led by partner Todd Eckland and assisted by associate Stephanie Langan. Partner Harsha Reddy (tax) and associate Eileen Monahan (corporate) were also involved.
Regularly recognized for excellence by Chambers USA, The Legal 500 U.S. and U.S. News – Best Lawyers, Pillsbury’s Capital Markets team provides strategic guidance on all types of U.S. and international equity and debt transactions, from IPOs to follow-on and secondary common stock offerings and from convertible debt to high-yield and investment-grade secured and unsecured debt offerings. We also advise on Regulation D and other private placements, restricted securities resales under Rules 144 and 145, insider trading restrictions, Investment Company Act of 1940 compliance and exemptions, stock repurchase programs, and filings relating to significant stockholders and tender offers. Since 2010, Pillsbury has served as counsel in more than 400 public and other underwritten securities offerings with an aggregate value exceeding $150 billion.