The Firm recently represented Kobe Steel, Ltd. in connection with its offering of an aggregate of 632.5 million shares of common stock, which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥87 billion.
The international offering was led by Nomura International plc, Morgan Stanley & Co. International plc., Goldman Sachs International, Mizuho International plc and SMBC Nikko Capital Markets Limited.
Kobe Steel, Ltd. is one of Japan’s leading steelmakers, as well as a major supplier of aluminum and copper products. Other businesses consist of wholesale power supply, machinery, construction machinery, real estate and electronic materials.
The Simpson Thacher team for the offering included Alan Cannon, Nirav Mehta and Hiro Senda (Capital Markets) and Robert Holo and Vanessa Grieve (Tax).
