The Nassau Companies of New York’s US$100 Million Tender Offers

Sidley advised The Nassau Companies of New York on the deal.

The Nassau Companies of New York announced cash tender offers for up to a combined US$100 million of outstanding debt securities issued by it and one of its wholly-owned subsidiaries.

The company’s offers are for up to the aggregate principal amount of its 7.45% quarterly interest bonds due 2032 and of the 7.15% surplus notes due 2034 issued by Nassau Life Insurance Company.

The Sidley team is led by Robert Mandell (Capital Markets, Picture) and Michael Devins (Insurance), and includes Vince Onorato, Anna Williford (both Insurance), Alcides Mauricio (Capital Markets), Daniel Altman and Ryan Kelly (both Tax).

Involved fees earner: Daniel Altman – Sidley Austin LLP; Michael Devins – Sidley Austin LLP; Ryan Kelly – Sidley Austin LLP; Robert Mandell – Sidley Austin LLP; Alcides Mauricio – Sidley Austin LLP; Vincent Onorato – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Phoenix Companies, Inc.;

Martina Bellini

Author: Martina Bellini