Northwest Natural Gas Company’s $55.3 Million Offering of Common Stock and $150 Million Offering of Medium-Term Notes


Simpson Thacher represented the underwriters, led by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, in an offering by Northwest Natural Gas Company (“NW Natural”) of approximately $55.3 million of common stock.

The shares are listed on the New York Stock Exchange.

In addition, Simpson Thacher recently represented the agents, Wells Fargo Securities, LLC, U.S. Bancorp Investments, Inc., MUFG Securities Americas Inc. and CIBC Capital Markets, in an offering by NW Natural of $150 million aggregate principal amount of its Medium-Term Notes, Series B.

NW Natural (NYSE: NWN) is headquartered in Portland, Oregon, and provides natural gas service to more than 718,000 residential, commercial and industrial customers in western Oregon and southwestern Washington.

The Simpson Thacher team that worked on the transactions included Andy Keller (Picture), Xavier Kowalski and Matthew Kemp (Capital Markets); Brian Chisling and Amy Beller (Energy); Jennie Getsin and Andrew Pagliughi (FINRA and Blue Sky); Michael Isby (Environmental); and Rob Holo and Deborah Plum (Tax).

Involved fees earner: Andrew Keller – Simpson Thacher & Bartlett; Xavier Kowalski – Simpson Thacher & Bartlett; Matthew Kemp – Simpson Thacher & Bartlett; Brian Chisling – Simpson Thacher & Bartlett; Amy Beller – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Andrew Pagliughi – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: RBC Capital Markets; Wells Fargo; JP Morgan Securities;

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Author: Ambrogio Visconti