Hunton Andrews Kurth LLP delivers comprehensive capital markets counsel across the power and utilities, consumer products, retail, energy and real estate sectors. Representing investors, domestic issuers and underwriters, the practice is led by Philip Haines, Peter O’Brien and Robert Smith. Houston-based Haines advises on corporate governance, periodic reporting obligations and day-to-day securities law compliance matters. New York-based O’Brien is particularly experienced in REIT transactions and SEC compliance issues, while Washington DC-based Smith brings extensive experience advising on M&A, REITs and other real estate-focused companies. Michael Fitzpatrick excels across equity hybrid instruments, collateral trust bonds and dedicated utility rate securitisation bonds.
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Accolades
Client satisfaction: Lawyer & team quality
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Client satisfaction: NPS ®
Key clients
- W&T Offshore
- Vaalco Energy
- Darden Restaurants, Inc.
- Duke Energy Corporation
- Pacific Gas & Electric Company
- Philip Morris International Inc.
- CenterPoint Energy, Inc.
- Energy Transfer, LP
- NextEra Energy Capital Holdings, Inc.
- Genesis Energy, L.P.
- Universal Compression
- Truist Securities, Inc.
- BofA Securities, Inc.
- Goldman Sachs & Co. LLC
- CIBC World Markets Corp.
- J.P. Morgan Securities LLC
- Mizuho Securities USA LLC
- PNC Capital Markets LLC
- RBC Capital Markets, LLC
- Regions Securities LLC
Work highlights
Advised the underwriters, forward sellers and forward purchasers in connection with an SEC-registered offering of 22,549,020 common shares of American Electric Power Company, Inc, which were borrowed and subsequently sold to the underwriters for sale in the offering.
Acted as counsel to the managers, the forward sellers and the forward purchasers in connection with the establishment of PPL Corporation’s at-the-market program to sell shares of PPL’s common stock having an aggregate gross sales price of up to $2 billion from time to time through either the sales agents or the forward sellers, who will, at PPL’s request, borrow shares of PPL’s common stock from third parties.
Advised the underwriters on an SEC-registered offering of 18.3 million shares of common stock of Xcel Energy Inc which shares were borrowed from third parties by affiliates of two of the underwriters, in their capacities as forward counterparties, and subsequently sold to the underwriters for sale in the offering.
Practice head
Phil Haines; Peter O’Brien; Robert Smith
Other key lawyers
Michael Fitzpatrick