In the first half of 2024, Sullivan & Cromwell’s preeminent Capital Markets Group led all law firm advisers across eight categories in the LSEG Data & Analytics league table rankings, including advising issuers on $102.6 billion in U.S. debt, equity and equity-related deals, and additional categories in the United States, Asia Pacific and Australia.
#1 rankings in eight categories as issuer legal adviser:
- U.S. Debt, Equity & Equity-related by proceeds
- U.S. Straight Debt Excluding ABS & MBS by number of deals
- U.S. Straight Debt Excluding ABS & MBS by proceeds
- U.S. Straight Debt Including ABS & MBS by number of deals
- U.S. Straight Debt Including ABS & MBS by proceeds
- Asia Pacific G3 Bonds by proceeds
- Australia International Bonds by proceeds
- Australia International Bonds by number of deals
#2 rankings in three categories as issuer legal adviser:
- Global Debt, Equity & Equity-related by proceeds
- Global Straight Debt Including ABS & MBS by proceeds
- Global Straight Debt Excluding ABS & MBS by proceeds
In 2023, Law360 recognized S&C as a Capital Markets “Practice Group of the Year” for handling some of the most complex offerings for clients around the world. Recently, our Capital Markets Group advised:
- AB InBev in its $2.4 billion secondary offering by Altria and direct share buyback;
- AST SpaceMobile in its strategic investment to support the commercial rollout of the first of its kind space-based cellular broadband network;
- CRH plc, one of the world’s largest providers of building materials, in two concurrent SEC-registered offerings of senior guaranteed notes;
- Electricité de France in its $2.05 billion completed multi-tranche offering of senior fixed rate notes;
- Fangzhou in its global offering and listing on The Stock Exchange of Hong Kong Limited with a market capitalization of $1.4 billion;
- Fulton Financial Corporation in its acquisition of substantially all of the assets and assumed substantially all of the deposits of Republic First Bank from the Federal Deposit Insurance Corporation and a related $287.5 million common stock offering in connection with the acquisition;
- Haleon in its $3.5 billion secondary offering by Pfizer and direct share buyback;
- The underwriters in Mexico’s record $7.5 billion global bond offering; and
- Univision Communications in an offering of $500 million of 8.5% senior secured notes due 2031 as part of its completed refinancing of $1 billion of outstanding debt.