JFE Holdings Completes ¥119.5 Billion Equity Offering
10.04.23
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Simpson Thacher recently represented JFE Holdings, Inc. in connection with its ¥119.5 billion (approximately U.S. $797 million) offering of 55,000,000 shares of common stock to institutional investors outside Japan pursuant to Rule 144A and Regulation S under the Securities Act.
JFE Holdings, Inc. is a steel company with a primary focus on producing crude steel that also engages in steel-related and other engineering activities, as well as global trading activities related to steel. Separately and concurrently with this equity offering, JFE Holdings, Inc. issued ¥90 billion in aggregate principal amount of zero coupon convertible bonds due 2028.
The Simpson Thacher team included Taki Saito, Yuriko Miyasaka and Yukihiko Segawa (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Jonathan Cantor and Michael Slomovics (Tax).