Contact: Brian Bates
Morrison & Foerster's private placement practice is one of the best known in the industry and in 2004 the practice group closed
20 deals with an estimated value of over US$5 billion. UK and US qualified lawyers in the private placement practice advise
on private issuance of debt and equity securities to the well-developed US private placement market. The practice also has
extensive experience with the growing European market for private placements.
Morrison & Foerster’s private placement experience includes:
- Traditional / Model Form transactions
- Structured transactions
- Various credit enhancements
- Subsidiary and parent guaranty arrangements
- Security arrangements including fixed and floating charges
- Jurisdictional issues and related structures
- Multi-currency transactions
- Fixed and floating rate pricing
Clients include major corporations from Europe, Australasia, Canada, South America and the United States. Our attorneys also
have well established relationships with the financial institutions who act as placement agents on these transactions, including
The Royal Bank of Scotland, ABN AMRO, Deutsche Bank, Barclays, Société Générale, Bank of America, ING, and SPP Capital Partners,
among others.
Representative Matters
- Advising Rolls Royce plc on a private placement of senior unsecured notes. The Notes were placed with a group of U.S. insurance companies. RBS acted
as Agent.
- Advising Brambles Group on a private placement of senior unsecured notes. The Notes were placed with a group of U.S. insurance companies. RBS and
NAB acted as Agents. The transaction was the largest private placement to date in Australia.
- Advising Bertelsmann, the global media company, on a private placement of senior debt to US financial institutions. The offer was co-agented
by The Royal Bank of Scotland and ABN AMRO.
- Advising The Electricity Supply Board of Ireland on a private placement of senior debt. The notes were sold to U.S. institutional investors. The offer was co-agented by
Barclays and ABN AMRO. The transaction is the largest private placement done in Ireland.
- Advising E-CO Energei A/S on a cross-border private placement of senior notes to a group of U.S. and U.K. financial institutions. It was the first
representation by the London office of a Norwegian corporation. E-CO is the principal electricity provider to the City of
Oslo. The transaction was the largest of its kind ever done in Norway and achieved the narrowest spreads in the private market
for 2004. The transaction was agented by BNP Paribas.
