19 03 2016

Legg Mason, Inc. $250 Million Junior Subordinated Notes Offering

Davis Polk advised the underwriters in an SEC-registered offering by Legg Mason, Inc. of $250 million aggregate principal amount of its 6.375% junior subordinated notes due 2056.


Morgan Stanley, BofA Merrill Lynch, Citigroup, J.P. Morgan,  Wells Fargo Securities acted as Joint Book-Running Managers The proceeds from the offering will be used to fund a portion of the purchase prices for the acquisitions of Clarion Partners, a diversified real estate investment firm based in New York, and EnTrust Capital, a leading independent hedge fund investor and alternative asset manager headquartered in New York. Legg Mason is a global asset management company with $671.5 billion in assets under management as of December 31, 2015. Legg Mason provides active asset management in many major investment centers throughout the world. The Davis Polk corporate team included partner John B. Meade (Picture), counsel Derek Dostal and associate Eugene Baek. The tax team included partner Po Sit and associate Catherine L. Chu. Involved fees earner: John Meade - Davis Polk & Wardwell; Derek Dostal - Davis Polk & Wardwell; Eugene Baek - Davis Polk & Wardwell; Po Sit - Davis Polk & Wardwell; Catherine Chu - Davis Polk & Wardwell;

LATEST ISSUE
Powered by Share Trading

POPULAR ARTICLES
LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION

09/05/2018

LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION Read about le

LE FONTI AWARDS 2018 CELEBRATES CORPORATE EXCELLENCES IN HONG KONG

29/03/2018

On March 23rd 2018, the world’s leading corporate stars reunited for a special

LE FONTI AWARDS 2017 CELEBRATES CORPORATE EXCELLENCES IN DUBAI

14/12/2017

On December 14th, 2017, the world’s leading corporate stars reunited for a spec

LE FONTI AWARDS 2017 CELEBRATE CORPORATE EXCELLENCES IN LONDON

23/10/2017

On October 20th, 2017, the world’s leading corporate stars reunited for a speci

Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr