Manulife’s $750 Million Green Notes Offering

Debevoise & Plimpton advised Manulife Financial Corporation, while Paul, Weiss, Rifkind, Wharton & Garrison and McCarthy Tétrault represented the underwriters in the offering.

Manulife Financial Corporation (TSX/NYSE/PSE: MFC) announced its U.S. offering of $750 million aggregate principal amount of 3.703% senior notes due 2032. Manulife intends to use an amount equal to the net proceeds from the sale of the notes to finance or refinance new or existing eligible “green” assets under the Manulife Sustainable Bond Framework. 

The underwriters were led by Citigroup Global Markets Inc., Bank of America Securities, Inc., Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC.

Manulife is a Canadian multinational insurance company and financial services provider headquartered in Toronto, Ontario.

The Debevoise team was led by capital markets partners Peter Loughran (Picture) and Nick Pellicani and included associate Michael Pan and law clerks Noel Lee and Anthony Otis, and investment management counsel Sheena Paul and associate Sasha Burger.

The Paul, Weiss team included corporate partner Christopher Cummings and counsel Christian Kurtz; tax partner David Mayo; environmental counsel William O’Brien; and international trade counsel Richard Elliott.

The McCarthy Tétrault team was  led by Andrew Parker and included Michael Shahinian (Business), Gabrielle Richards and Kabir Jamal (Tax).

Involved fees earner: Sasha Burger – Debevoise & Plimpton; Peter Loughran – Debevoise & Plimpton; Michael Pan – Debevoise & Plimpton; Sheena Paul – Debevoise & Plimpton; Nicholas Pellicani – Debevoise & Plimpton; Kabir Jamal – McCarthy Tétrault; Andrew Parker – McCarthy Tétrault; Gabrielle Richards – McCarthy Tétrault; Michael Shahinian – McCarthy Tétrault; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Christian Kurtz – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Debevoise & Plimpton; McCarthy Tétrault; Paul Weiss Rifkind Wharton & Garrison;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Goldman Sachs & Co.; Manulife Financial Corporation; Morgan Stanley;