"Simpson Thacher Advises ClearBridge Energy Midstream Opportunity Fund on $76.8 Million Rights Offering"

"Simpson Thacher advised ClearBridge Energy Midstream Opportunity Fund Inc. on a transferable rights offering to subscribe for common stock shares, aiming to raise approximately $76.8 million. The Fund, a closed-end investment company trading on the NYSE under the ticker "EMO," allowed rights holders to purchase shares by submitting three rights along with the subscription price. Franklin Templeton Fund Adviser, LLC manages the Fund, with ClearBridge Investments, LLC as the sub-adviser."

Simpson Thacher represented ClearBridge Energy Midstream Opportunity Fund Inc. in a recent transferable rights offering to subscribe for shares of common stock. The Fund, a closed-end management investment company registered under the 1940 Act, is listed on the NYSE under the ticker symbol “EMO.” The rights offering is expected to generate approximately $76.8 million in gross proceeds for the Fund. The Simpson Thacher team involved in this transaction included Ryan Brizek, David Blass, Debbie Sutter, Andy Madore, Sophie Sujin Kim, Yiran Wang, Sarah Yan, and Jamie Li, all of whom are part of the Registered Funds practice. Additionally, Jonathan Cantor and Michael Slomovics from the Tax practice also contributed to the transaction.

"Simpson Thacher Advises ClearBridge Energy Midstream Opportunity Fund on $76.8 Million Rights Offering"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads