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.