Northwest Natural Holding Company’s $200 Million At-The-Market Program

Simpson Thacher advised the agents on the deal.

Northwest Natural Holding Company executed an SEC-registered at-the-market equity program having an aggregate gross sales price of up to $200 million, may be sold from time to time by the Agents.

Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC acted as the agents on the deal.

Northwest Natural Holding Company, (NYSE: NWN) (“NW Natural Holdings”), is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company, NW Natural Water Company and other business interests. NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in Oregon and Southwest Washington. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon. NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas.

The Simpson Thacher team included Brian E. Rosenzweig (Picture), Margaret Selbe and Analilia Gomez (Capital Markets); and Michael Mann (Tax). 

Involved fees earner: Analilia Gomez – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Margaret Selbe – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: J.P. Morgan Securities LLC; RBC Capital Markets; Wells Fargo Securities;

Author: Martina Bellini