Simpson Thacher Represents Agents in Northwest Natural Holding Company’s $200 Million At-The-Market Equity Program
08.18.21
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The Firm represented Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC (the “Agents”) in an SEC-registered at-the-market equity program pursuant to which shares of Northwest Natural Holding Company’s common stock, having an aggregate gross sales price of up to $200 million, may be sold from time to time by the Agents.
Northwest Natural Holding Company, (NYSE: NWN) (“NW Natural Holdings”), is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (“NW Natural”), NW Natural Water Company (“NW Natural Water”) and other business interests. NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in Oregon and Southwest Washington. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon. NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas.
The Simpson Thacher team included Brian E. Rosenzweig, Margaret Selbe and Analilia Gomez (Capital Markets); and Michael Mann (Tax). Summer Associate Suzannah Ranzo also provided valuable assistance.