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Latham partner Sheridan assists underwriters on $5.5 billion Exxon bond beal, $175 million Sirva IPO

Not only did Sheridan assist underwriters on Exxon Mobil Corp.’s first U.S. bond offering in more than 20 years, but she’s advising the underwriting team on the IPO of Sirva Inc. for up to $175 million.

Latham & Watkins partner, Rachel W. Sheridan

It was a busy first quarter for Latham & Watkins partner, Rachel W. Sheridan. Not only did she assist underwriters on Exxon Mobil Corp.’s first U.S. bond offering in more than 20 years, but she’s advising the underwriting team on the IPO of Sirva Inc. for up to $175 million.

Exxon’s $5.5 billion bond offering, its biggest on record according to Latham, consists of a five-part offering of fixed- and floating-rate notes. Exxon will use the proceeds to finance capital spending, for acquisitions and to refinance commercial paper borrowings. J.P. Morgan & Co. and Morgan Stanley & Co LLC were among the active bookrunners on the deal along with HSBC Holding PLC, according to Reuters.

Other members of the Latham team that advised Exxon included Partner Marc Jaffe and associates Brandon Bortner and John Kim.

Ten days after Latham announced the Exxon deal, on March 28, Sirva filed to go public. The company provides global mobility services delivering integrated relocation and moving solutions for multi-national corporations, governments and consumers. According to the Oakbrook Terrace, Ill.-based company, Morgan Stanley, J.P. Morgan and Goldman Sachs are acting as joint book-running managers.

Resident in the firm’s Washington D.C., office, Sheridan specializes in capital markets transactions, including public and private securities offerings, securities regulation, company representation and general corporate matters. Her clients include J.P. Morgan, Morgan Stanley, The Carlyle Group and Kohlberg Kravis Roberts & Co.

Contributing Author

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Amy I. Stickel

Amy I. Stickel has extensive experience covering the legal, financial and pharmaceutical industries as a writer and editor. A past managing editor of Corporate Legal Times and...

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