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Firm Represents Mueller Water Products, Inc. in $176 Million Offering of Class A Common Stock

09.29.09

The Firm represented Mueller Water Products, Inc. (NYSE: MWA) in connection with a public offering of 37,122,000 shares of its Series A Common Stock, resulting in gross proceeds of approximately $176 million. Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman, Sachs & Co. acted as joint book-running managers.  The Company intends to use the net proceeds from the offering, which closed on September 23, 2009, to reduce outstanding indebtedness.  The Firm represented Mueller Water Products, Inc. in establishing a universal shelf registration earlier this year, and has represented  the Company in securities and M&A activities.

Mueller Water Products, Inc. manufactures a broad range of water infrastructure and flow control products for use in water distribution networks, water and wastewater treatment facilities, gas distribution systems and fire protection piping systems. The Company's product portfolio includes engineered valves, hydrants, pipe fittings and ductile iron pipe. 

The Simpson Thacher team for the transaction included Walter Looney, Xavier Kowalski and Michael Sabin (Corporate) and Jonathan Cantor and Rian Balfour (Tax).  Corporate paralegal Simon Kliegman also provided valuable assistance.