The Firm represented the underwriters, led by J.P. Morgan Securities Inc., in connection with the public offering of 24,150,000 shares of common stock of Washington Federal, Inc. The net proceeds from the transaction will be used for general corporate purposes, which may include capital expenditures and support for future acquisitions.
Washington Federal, Inc. is a savings and loan holding company, headquartered in the Pacific Northwest, which conducts business through its federally chartered banking subsidiary Washington Federal Savings. The bank presently has approximately 150 branches and more than $12 billion of assets.
The Simpson Thacher team for the offering included, among others, Arthur D. Robinson, Gary Rice, Lesley Peng, Mark Brod, Jeff Laretto and Kristin Marvin (Capital Markets), Jonathan Cantor (Tax), Eric Sarabia (Executive Compensation and Employee Benefits) and Jennie Getsin (Blue Sky).