Initial Public Offerings, Follow-On Offerings and De-SPACs
- BETA Technologies, Inc. (NYSE: BETA), an electric aerospace company, in its $850 million initial public offering on the New York Stock Exchange in November 2025.
- Focus Impact BH3 Acquisition Corp., in its de-SPAC transaction with XCF Global Capital, Inc.
- The underwriters, in Symbotic LLC’s business combination with SVF Investment Corp. 3 (SVFC), a SPAC sponsored by an affiliate of SoftBank Investment Advisers.*
- W3bcloud Inc., in its business combination with Social Leverage Acquisition Corp I (SLAC), a publicly traded SPAC.*
- Entegris (ENTG), in a registration statement on Form S-3 registering up to 378,841 shares of common stock.*
- The underwriters in various Macerich’s (MAC) at-the-market offerings of up to $500 million of common stock.*
Debt Transactions
- Pfizer (PFE), in its $31 billion eight-tranche bond deal to finance the acquisition of Seattle Genetics, the fourth largest debt deal ever completed.*
- The underwriters, in Blue Owl Technology Finance Corp.’s $650 million offering of 6.100% notes due 2028.
- FTAI Aviation (FTAI), in its $65 million underwritten public offering of 2,600,000 Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares at $25.00 per share.*
- The underwriters, in Moody’s $500 million offering of 4.250% Senior Notes due 2032.*
- Burlington Stores, Inc. (BURL), in exchange agreements with certain holders of its 2.25% Convertible Senior Notes due 2025.*
- Hunt Oil Company of Peru L.L.C., Sucursal del Perú (HOCP), in its consent solicitation for $600 million of 6.375% Trust Enhanced Senior Notes due 2028.*
- Party City (PRTY), in its consent solicitation and exchange offers for $350 million of 6.125% Senior Notes due 2023 and $500 million of 6.625% Senior Notes due 2026.*
- Fortress Transportation and Infrastructure Investors LLC, in the $500 million Rule 144A/Reg S offering of 7.875% senior notes due 2030.*
Securitizations and Private Credit Financings
- Initial purchasers, in connection with the offering of $1 billion of term notes and $320 million of variable funding notes by certain indirect subsidiaries of Domino’s Pizza Inc. (Nasdaq: DPZ) under its whole-business securitization facility.
- Credit Acceptance Corporation, in the $400 million asset-backed non-recourse secured financing.*
- A major investment bank, as lead initial purchaser, in a PIPE transaction with an aerospace company.*
*Matters prior to joining Kirkland
