Bank of Montreal’s $850 Million Subordinated Notes Offering

Shearman & Sterling represented BMO Capital Markets Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and UBS Securities LLC, as lead underwriters, and BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, Desjardins Securities Inc. and HSBC Securities (USA) Inc., as co-managers, in connection with Bank of Montreal’s registered public offering of US$850 million aggregate principal amount of its 4.338% subordinated notes due 2028 (Non-Viability Contingent Capital (NVCC)).

Bank of Montreal, doing business as BMO Financial Group, is a Canadian chartered bank which operates throughout the world. The Firm, led by Darryl White, Franklin J Techar and Thomas E Flynn, in 2017 recorded $18.7 Billion Revenues.

Shearman & Sterling advised the banks with a team including Jason Lehner (Picture), Laurence Crouch, Kevin J. Roggow, Ryan Robski and Daniel Kachmar.

Involved fees earner: Jason Lehner – Shearman & Sterling; Kevin Roggow – Shearman & Sterling; Ryan Robski – Shearman & Sterling; Laurence Crouch – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Barclays Capital; BNP Paribas Securities; Citigroup Global Markets Ltd; Goldman, Sachs & Co.; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Credit Suisse Securities Limited; JP Morgan Securities; Desjardins Securities Inc.; BMO Capital Markets; Wells Fargo Securities; UBS Securities LLC; Credit Agricole Securities (USA) Inc.; HSBC Securities;

Author: Ambrogio Visconti