The Firm recently advised J.P. Morgan, The Toronto-Dominion Bank and Royal Bank of Canada in connection with a $4.95 billion committed bridge facility for AltaGas Ltd. to finance its proposed acquisition of WGL Holdings, Inc.
AltaGas Ltd., a Canadian corporation, is a North American diversified energy infrastructure business with a focus on owning and operating assets to provide clean and affordable energy to its customers, including generation assets located across North America with more than 2,000 MW of capacity from five fuel types.
WGL Holdings, Inc. is a public utility holding company providing natural gas and energy-related products and services (through its wholly owned subsidiary Washington Gas Light Company) to customers primarily in the District of Columbia and the surrounding metropolitan areas in Maryland and Virginia.
The Simpson Thacher team for the transaction included Alexandra Kaplan, Homin Lee and Adam Moss (Credit); David Azarkh and Tadashi Okamoto (Capital Markets); Edward Chung (M&A); Jasmine Hay (Tax); Abram Ellis, Amy Beller and Mark Skerry (Regulatory); Michael Isby and Tim Mulvihill (Environmental); Alina Grinman (ECEB); Dennis Loiacono (Real Estate); and Lori Lesser and Linda Nyberg (IP).