Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 03-04-2015 | Practice Area: | Equity Capital Markets |
| Deal Title: | Funds Advised by Affiliates of Legg Mason in Offerings of Preferred Stock | Industry: | Equity Investment Instruments |
| Description: |
The Firm represented Legg Mason BW Global Income Opportunities Fund Inc, ClearBridge Energy MLP Fund Inc, ClearBridge Energy MLP Opportunity Fund Inc and ClearBridge Energy MLP Total Return Fund Inc. in connection with their private placements of USD50 million aggregate principal amount, USD42 million aggregate principal amount, USD70 million aggregate principal amount and USD70 million aggregate principal amount, respectively, of fixed-rate Mandatory Redeemable Preferred Stock. The net proceeds of each offering were used to make new portfolio investments and for general corporate purposes. The Funds are closed-end management investment companies which trade on the New York Stock Exchange.
The Simpson Thacher team included Sarah Cogan, Rafael Vasquez, Benjamin Wells, Alejandro de Ramon-Laca, Jay Jeongseok Yu, Elizabeth Romefelt and Joongwon Park (Capital Markets).
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| Financial Center: | New York | Value: | 0.00-100.00 |
| Advised Party: | Issuer | Law Firm | Simpson Thacher |
| Issuer Jurisdiction - | United States | Listing Jurisdiction - | United States |
| Classification: |
Secondary Offerings and Placings NYSE: |
Lawyer | Sarah E Cogan |
