Shearman & Sterling represented Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, as representatives of the several initial purchasers, in connection with a Rule 144A/Regulation S offering by the Dayton Power and Light Company of $445 million of its First Mortgage Bonds 1.875% Series Due 2016.
The Dayton Power and Light Company is a regulated public utility and is engaged primarily in generating, transmitting, distributing and selling electric energy to approximately 513,000 retail customers in 24 counties in West Central Ohio.
The following Shearman & Sterling lawyers advised on the transaction: partners David Beveridge (New York-Capital Markets), Malcolm Montgomery (New York-Real Estate), and Michael Shulman (Washington DC-Tax); counsel Jeffrey Salinger (New York-Real Estate/Environmental) and Harald Halbhuber (New York-Capital Markets); and associates Thad Pitney (New York-Capital Markets), Quentin Wiest (New York-Capital Markets), Laura Mulry (New York- Real Estate/Environmental), Jocelyn Bush (New York-Real Estate), Jeffery Tate (Washington, DC-Tax) and Leo Wong (New York-Corporate Group).
