Simpson Thacher Represents Underwriters in $143.8 Million Offering of Common Stock by Northwest Natural Holding Company
04.18.22
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Simpson Thacher recently represented the underwriters, led by Wells Fargo Securities, LLC, J.P. Morgan Securities LLC and RBC Capital Markets, LLC, in an offering by Northwest Natural Holding Company (“NW Natural Holdings”) of approximately $143.8 million of common stock. The shares are listed on the New York Stock Exchange.
NW Natural Holdings (NYSE: NWN) is a public utility holding company headquartered in Portland, Oregon, which, through its largest subsidiary, Northwest Natural Gas Company, provides natural gas distribution service to approximately two million people in more than 140 communities through more than 785,000 meters in Oregon and Southwestern Washington. NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Renewables is investing in renewable energy and the transition to a decarbonized future with a focus on the production and supply of net low-carbon fuels supporting a variety of sectors.
The Simpson Thacher team that worked on the transaction included Brian Rosenzweig, Margaret Selbe and Dermot Bree (Capital Markets); Andrew Pagliughi (FINRA and Blue Sky); and Michael Mann (Tax).