Algonquin Power & Utilities’ $288 Million Registered Fixed?to?Floating Subordinated Notes Offering

Cravath represented the underwriters, led by Bank of America Merrill Lynch, J.P. Morgan Securities, Morgan Stanley, Wells Fargo Securities and RBC Capital Markets, in connection with the $288 million registered fixed?to?floating subordinated notes offering of Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp. owns and operates a portfolio of generation, distribution and transmission utility assets in Canada and the United States. The company, led by Ian Edward Robertson and David Bronicheski, is based in Canada.

The transaction closed on October 17, 2018.

Cravath advised the underwriters with a team including Andrew J. Pitts (Picture), Douglas C. Dolan and Ashley R. Strojny on securities matters and associate Andrew T. Davis on tax matters.

Involved fees earner: Andrew Pitts – Cravath Swaine & Moore; Douglas Dolan – Cravath Swaine & Moore; Ashley Strojny – Cravath Swaine & Moore; Andrew Davis – Cravath Swaine & Moore;

Law Firms: Cravath Swaine & Moore;

Clients: Bank of America Merrill Lynch; Morgan Stanley; RBC Capital Markets; JP Morgan Securities; Wells Fargo Securities;

Author: Ambrogio Visconti