ElevateBio’s $170 Million in Series B Financing Round

Goodwin Procter LLP advised ElevateBio, LLC, on its $170 Million Series B financing that will support and accelerate the company’s next phase of growth. ElevateBio, LLC, a Cambridge-based creator and operator of a portfolio of innovative cell and gene therapy companies, announced it has closed a $170-million Series B financing that will support and accelerate […]

JPMorgan Chase’s $2.25 Billion Fixed‑to‑Floating Rate Notes Offering

Cravath represented the underwriter, J.P. Morgan Securities, on the deal. JPMorgan Chase & Co. completed its $2.25 billion registered fixed-to-floating rate notes offering. The transaction closed on March 13, 2020. JPMorgan Chase & Co., a leading global financial services firm and one of the largest banking institutions in the United States. The Cravath team included […]

Madison Dearborn Partners’ $150 Million Investment In EVO Payments

Latham & Watkins LLP represented Madison Dearborn Partners in the transaction. EVO Payments, Inc., a leading payment technology and services provider, has received a US$150 million investment from funds affiliated with Madison Dearborn Partners, LLC (MDP), a leading private equity firm that has been a significant shareholder of the Company since 2012. MDP’s added resources […]

Spirit Airlines’ Adoption Of Limited Duration Shareholder Rights Agreement

Davis Polk advised Spirit Airlines, Inc. on the deal. Spirit Airlines’ Board of Directors adopted a limited duration shareholder rights agreement. Under the rights agreement, the rights would become exercisable only if a person or group (including a group of persons who are acting in concert with each other) acquires beneficial ownership of 10% or […]

SoCalEd’s $600 Million First and Refunding Mortgage Bonds Reopening

Cleary Gottlieb represented JP Morgan, Morgan Stanley and TD Securities as representatives of the underwriters in the offering. Southern California Edison Company completed a $600 million re-opening of 3.70% First and Refunding Mortgage Bonds, Series 2018E, due 2025. These senior debt securities are secured by a lien on substantially all of SoCalEd’s property and franchises. […]

Phillips 66’s $1 Billion Delayed Draw Term Loan Agreement With Mizuho Bank

Bracewell LLP represented Phillips 66, as borrower, in a $1 billion 364-day delayed draw term loan agreement with Mizuho Bank, Ltd. as administrative agent and lead arranger. Pursuant to the agreement, Phillips 66 has the option to increase the amount of the facility by up to an additional $1 billion, subject to, among other things, […]

Digital Ally, Inc.’s $2.9 Million Common Stock Offering

Sichenzia Ross Ference represented Aegis Capital Corp. as sole bookrunner in an underwritten public offering of 2,521,740 shares of the common stock of Digital Ally, Inc. (NASDAQ: DGLY) Digital Ally, Inc. (NASDAQ: DGLY) is a video security company. The stock was offered at $1.15 per share for gross proceeds of approximately $2.9 million, less underwriting […]

Churchill Asset Management’s $2 Billion Fundraising

K&L Gates LLP advised Churchill Asset Management LLC on the deal. Churchill Asset Management LLC completed the fundraising of a $2 billion fund that will provide traditional senior and unitranche loans to middle-market, private equity-backed businesses in the United States. The fund surpassed its initial target of $1 billion and received capital commitments from a […]

Microsoft’s Acquisition of Affirmed Networks

Wilmer Cutler Pickering Hale and Dorr LLP represented Affirmed Networks in the deal. Microsoft (NASDAQ: MSFT) announced it has entered into a definitive acquisition agreement with Affirmed Networks, a startup that offers fully virtualized, cloud-native mobile network solutions, for an undisclosed amount. The company wants to integrate Affirmed Networks’ technology into Microsoft Azure to let […]

Quantum Corporation’s Acquisition of ActiveScale

Jones Day advised Western Digital Corporation’s subsidiary Western Digital Technologies, Inc. in the sale of its ActiveScale business to Quantum Corporation. Quantum Corporation (NASDAQ: QMCO) announced it has completed its acquisition of the ActiveScale object storage business from Western Digital Technologies, Inc., a subsidiary of Western Digital Corp. (NASDAQ: WDC). The acquisition expands Quantum’s leadership […]