Simpson Thacher Represents Underwriters in $300 Million Debt Offering for Hubbell Incorporated
11.18.10
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The Firm represented J.P. Morgan, Wells Fargo Securities and other underwriters in a public offering of $300 million of 3.625% Senior Notes due 2022 by Hubbell Incorporated.
The Firm also represented J.P. Morgan and Wells Fargo Securities as dealer managers in a concurrent tender offer to repurchase Hubbell Incorporated’s outstanding $200 million of 6.375% Notes due 2012.
Hubbell Incorporated will use the net proceeds of the debt offering to repay the outstanding 6.375% Notes due 2012 and for general corporate purposes.
Hubbell designs, manufactures and sells electrical and electronic products for the construction, industrial and utility sectors.
The Simpson Thacher team for this transaction included, among others, Glenn M. Reiter, Elsa Wang and Karen S. Wang (Capital Markets), Timothy J. Mulvihill (Environmental), Jonathan Cantor and Andrew Purcell (Tax), and Andrew Pagliughi (Blue Sky).