Franklin Templeton Affiliate Western Asset Global High Income Fund Inc. Enters Into At-The-Market Equity Program
11.14.24
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Simpson Thacher represented Western Asset Global High Income Fund Inc. (the “Fund”) in an SEC-registered at-the-market equity program pursuant to which the Fund may offer and sell shares of its common stock having an aggregate offering price of up to $75 million from time to time. Franklin Distributors, LLC, the principal underwriter for the offering, has entered into a sub-placement agent agreement with UBS Securities LLC related to the offering.
The Fund is a closed-end management investment company registered under the 1940 Act. The Fund’s common shares trade on the NYSE under the ticker symbol “EHI.” Franklin Templeton Fund Adviser, LLC is the Fund’s investment manager. The Fund is sub-advised by Western Asset Management Company, LLC and its affiliates. The investment manager and the sub-advisers are indirect wholly-owned subsidiaries of Franklin Templeton.
The Simpson Thacher team included David Blass, Ryan Brizek, John Fitzgerald, Andy Madore and Yiran Wang (Registered Funds); and Jonathan Cantor and Michael Slomovics (Tax).