Tristan Brown

Simpson Thacher represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC, in connection with the offering by Agilent Technologies, Inc. (the “Company”) of $600 million aggregate principal amount of 4.200% Senior Notes due 2027 and $600 million aggregate principal amount of 4.750% Senior Notes due 2034. The Company intends to use the net proceeds of the offering to partially finance the Company’s acquisition of BIOVECTRA, a Canadian based contract development and manufacturing organization and to prepay a portion of outstanding borrowings under the Company’s term loan facility. Pending these uses, the Company intends to use the net proceeds for general corporate purposes.~~Agilent Technologies is a global leader in life sciences, diagnostics and applied chemical markets, providing application focused solutions that include instruments, software, services and consumables for the entire laboratory workflow.~~The Simpson Thacher team included Dan Webb, Andy Roy, Anna LeGrett, Laura Yang and Kayley Ingalls-Rose (Capital Markets); Jonathan Cantor and Emma Wang (Tax); Tristan Brown (ECEB); Jonathan Sanders (Privacy and Cybersecurity); and Andrew Pagliughi (Blue Sky).

Oct 9

1 min

The Firm recently represented the initial purchasers, led by Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, in connection with Block, Inc.’s offering of $2 billion aggregate principal amount of 6.50% Senior Notes due 2032. The notes were offered to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act of 1933, as amended.~~Block, Inc. is a global technology company with a focus on financial services. Made up of Square, Cash App, TIDAL, and TBD, Block builds tools to help more people access the economy.~~The Simpson Thacher team included Dan Webb, Art Robinson, Karen Reyes, Andy Roy, William Perrone, Christian Sheets and Olivia Pepper (Capital Markets); Tristan Brown and Pasco Struhs (Executive Compensation and Employee Benefits); Jeanne Annarumma (ERISA); Jonathan Cantor, Edward Grais and Michael Slomovics (Tax); Lori Lesser, Linton Mann and Corina Holland (Intellectual Property); and Jennie Getsin (Blue Sky).

Oct 5

1 min

Portland General Electric Company and Manulife Investment Management have paid $1.9 billion to obtain electrical provider PacifiCorp's Washington state assets in a cash deal guided by Latham & Watkins LLP, Simpson Thacher & Bartlett LLP, and Gibson Dunn & Crutcher LLP. According to the announcement, the assets include PacifiCorp's "generation, transmission and electric utility operations." After the related regulatory filings are submitted, the state and federal regulators are supposed to wrap up their acquisition reviews in 12 months, the announcement added. Part of these assets constitutes power lines that stretch for 4,500 miles and utility operations that are located 2,700 square miles across the state, according to the announcement. "We are excited for the opportunity to continue to grow, expanding into Washington and building upon PGE's foundation of operational excellence and customer service," said PGE's president and CEO Maria Pope in a Tuesday statement. "We look forward to our partnership with Manulife Investment Management, who brings a track record of investment success across the utility sector and Pacific Northwest agriculture and timberland industries," Pope added. On Tuesday, Manulife Investment Management's global head of infrastructure Recep Kendircioglu said Manulife's PGE partnership "represents an opportunity that fits well within our infrastructure strategy and leverages our experience in utility investments." The acquisition deal allows PGE to obtain the 94-megawatt Goodnoe Hills wind power facility, the 477-megawatt Chehalis natural gas facility, and the Marengo I and Marengo II facilities, which are wind power facilities that have 234 megawatts of power combined, the announcement said. PGE will use another company to oversee the Washington assets, according to the announcement. Also, Manulife Infrastructure Fund III LP and the fund's affiliates will own 49% of the utility assets, the announcement stated. On Tuesday, PacifiCorp's CEO Darin Carroll said the asset sale "is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly 2 million customers in the West and Intermountain West." "This will improve the company's financial stability while simplifying our operations to support our long-term commitment to customers in each of our remaining states," Carroll also said. PGE, Manulife and PacifiCorp did not immediately respond to requests for additional comment on Tuesday. PGE is represented by Michael Sullivan, Ryan Maierson, Erik Thompson, Elena Burns, Cameron Koob, Zach Kobayashi, Riann Winget, Brock Meyer, Skyler Ligon, Genie Yae, Caroline Phillips, Sharon Huberfeld, Jeremie Ruiz, Jeffrey Tochner, Sebastian Moss, Pardis Zomorodi, Dominick Constantino, Jason Cruise, Andrew Paik, Natasha Gianvecchio, Jecoliah Williams, Michelle L.C. Carpenter, Peter Dalmasy, Oswald Cousins, Marc Campopiano, Brian McCall, James Mann, David Rao, Daniel Eyal, Chika Onyejiukwa, Harrison White, Robert Brown, Stuart Cobb, Sony Ben-Moshe, Bryan Monson, Jackson Kushner, Steven Levine, Shelby Harrison and Daniel Eyal of Latham & Watkins LLP. Manulife is represented by Brian Chisling, Katy Lukaszewski, Paul Bolaji, Oleg Stratiev, Natasha Kandi, Selim Loetscher, Brian Steinhardt, Brandon Barton, David Kim, Owen Harrison, Jonathan Goldstein, Shareef M. Salfity, Preston Irace, Alysha Sekhon, Margerite Blasé, Tally Smitas, Tristan Brown, Ryan Stott, Skyler Kanfer, Krista McManus, Dennis Loiacono and Steve DeLott of Simpson Thacher & Bartlett LLP. PacifiCorp is represented by Andrew Kaplan, Christopher Lang, Nicolette Fata, Aliya Zuberi, Becca Pecora, Patrick Perrier, Eric Sloan, Yara Mansour, Jason Zhang, Dean Masuda, Doug Horowitz, Meghan Hungate, Jocelyn Shih and Michael Collins of Gibson Dunn & Crutcher LLP.

Feb 17

3 min

Simpson Thacher recently represented BrightView Holdings, Inc. (“BrightView”) and an affiliate of KKR & Co. in connection with a secondary offering of common stock by a selling shareholder affiliated with KKR & Co. that raised $227.5 million in gross proceeds.~~KKR Capital Markets LLC, Craig-Hallum Capital Group LLC, CJS Securities, Inc., Morgan Stanley & Co. LLC and Loop Capital Markets LLC acted as representatives of the underwriters of the offering.~~BrightView is the largest provider of commercial landscaping services in the United States. Through its team of approximately 21,000 employees, BrightView provides services ranging from landscape maintenance and enhancements to tree care and landscape development to a broad range of end market verticals, including corporate and commercial properties, HOAs, public parks, hotels and resorts, hospitals and other healthcare facilities, educational institutions, restaurants and retail, and golf courses, among others.~~The Simpson Thacher team included Joe Kaufman, Ben Pittenger, Sophie Kim and Jacqueline Lin (Capital Markets); Tristan Brown (Executive Compensation and Employee Benefits); Jonathan Cantor and Sean Largey (Tax); and Jennie Getsin (FINRA).~~

May 24

1 min

Portland General Electric Company and Manulife Investment Management have paid $1.9 billion to obtain electrical provider PacifiCorp's Washington state assets in a cash deal guided by Latham & Watkins LLP, Baker Botts LLP, Simpson Thacher & Bartlett LLP, and Gibson Dunn & Crutcher LLP. According to the announcement, the assets include PacifiCorp's "generation, transmission and electric utility operations." After the related regulatory filings are submitted, the state and federal regulators are supposed to wrap up their acquisition reviews in 12 months, the announcement added. Part of these assets constitutes power lines that stretch for 4,500 miles and utility operations that are located 2,700 square miles across the state, according to the announcement. PGE's financial advisers for the deal were J.P. Morgan, Barclays, Citi, and Lazard, the announcement said. Manulife's financial adviser was Goldman Sachs & Co. LLC. "We are excited for the opportunity to continue to grow, expanding into Washington and building upon PGE's foundation of operational excellence and customer service," said PGE's president and CEO Maria Pope in a Tuesday statement. "We look forward to our partnership with Manulife Investment Management, who brings a track record of investment success across the utility sector and Pacific Northwest agriculture and timberland industries," Pope added. On Tuesday, Manulife Investment Management's global head of infrastructure Recep Kendircioglu said Manulife's PGE partnership "represents an opportunity that fits well within our infrastructure strategy and leverages our experience in utility investments." The acquisition deal allows PGE to obtain the 94-megawatt Goodnoe Hills wind power facility, the 477-megawatt Chehalis natural gas facility, and the Marengo I and Marengo II facilities, which are wind power facilities that have 234 megawatts of power combined, the announcement said. PGE will use another company to oversee the Washington assets, according to the announcement. Also, Manulife Infrastructure Fund III LP and the fund's affiliates will own 49% of the utility assets, the announcement stated. On Tuesday, PacifiCorp's CEO Darin Carroll said the asset sale "is a targeted step toward ensuring the continued delivery of safe, reliable power to our nearly 2 million customers in the West and Intermountain West." "This will improve the company's financial stability while simplifying our operations to support our long-term commitment to customers in each of our remaining states," Carroll also said. PGE, Manulife and PacifiCorp did not immediately respond to requests for additional comment on Tuesday. PGE is represented by Michael Sullivan, Ryan Maierson, Erik Thompson, Elena Burns, Cameron Koob, Zach Kobayashi, Riann Winget, Brock Meyer, Skyler Ligon, Genie Yae, Caroline Phillips, Sharon Huberfeld, Jeremie Ruiz, Jeffrey Tochner, Sebastian Moss, Pardis Zomorodi, Dominick Constantino, Jason Cruise, Andrew Paik, Natasha Gianvecchio, Jecoliah Williams, Michelle L.C. Carpenter, Peter Dalmasy, Oswald Cousins, Marc Campopiano, Brian McCall, James Mann, David Rao, Daniel Eyal, Chika Onyejiukwa, Harrison White, Robert Brown, Stuart Cobb, Sony Ben-Moshe, Bryan Monson, Jackson Kushner, Steven Levine, Shelby Harrison and Daniel Eyal of Latham & Watkins LLP. Manulife is represented by Brian Chisling, Katy Lukaszewski, Paul Bolaji, Oleg Stratiev, Natasha Kandi, Selim Loetscher, Brian Steinhardt, Brandon Barton, David Kim, Owen Harrison, Jonathan Goldstein, Shareef M. Salfity, Preston Irace, Alysha Sekhon, Margerite Blasé, Tally Smitas, Tristan Brown, Ryan Stott, Skyler Kanfer, Krista McManus, Dennis Loiacono and Steve DeLott of Simpson Thacher & Bartlett LLP. PacifiCorp is represented by Andrew Kaplan, Christopher Lang, Nicolette Fata, Aliya Zuberi, Becca Pecora, Patrick Perrier, Eric Sloan, Yara Mansour, Jason Zhang, Dean Masuda, Doug Horowitz, Meghan Hungate, Jocelyn Shih and Michael Collins of Gibson Dunn & Crutcher LLP. Lazard is represented by Clint Rancher, Josh Davidson and Lakshmi Ramanathan of Baker Botts LLP.

Feb 17

3 min