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Simpson Thacher represented ClearBridge American Energy MLP Fund Inc. (the “Fund”) in connection with its $1.05 billion initial public offering of common stock. The Fund is a newly organized, non-diversified, closed-end management investment company which trades on the New York Stock Exchange under the symbol “CBA”. The underwriting syndicate for the offering was led by Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC.

The Fund’s investment objective is to provide a high level of total return, with an equal emphasis on current distributions and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in energy master limited partnerships. Legg Mason Partners Fund Advisor, LLC is the Fund’s investment manager. The Fund’s subadviser is ClearBridge Investments, LLC, a subsidiary of Legg Mason, Inc. 

The Simpson Thacher team for the transaction included: Sarah Cogan, Rafael Vasquez and Allen Pan (Capital Markets); Michael Isby (Environmental); and Jonathan Cantor and Devin Heckman (Tax). Summer associate Brenda Hwang also provided valuable assistance.