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R. Connor Schillerstrom

Special Counsel

R. Connor Schillerstrom

Special Counsel
Sydney +61-2-8227-6700+61-2-8227-6700 +61-2-8227-6750+61-2-8227-6750
[email protected]

Connor Schillerstrom is Special Counsel in Sullivan & Cromwell’s general practice group. He has extensive experience advising U.S. and non-U.S. corporations, investment banks and broker-dealers on a wide range of financing matters, including public and private capital markets offerings and liability management transactions. He has represented clients across a variety of industries, including finance, real estate, oil and gas, infrastructure and technology.



SELECTED REPRESENTATIONS

Debt Offerings and Other Financings:
  • Major financial institutions on their debt offerings, including:
    • Commonwealth Bank of Australia on updates of and offerings off its $50 billion medium term notes program, $30 billion covered bonds program, $25 billion Section 3(a)(2) program and $35 billion commercial paper program
    • ASB Bank on the establishment of and offerings off its $10 billion senior medium term notes program and $7 billion commercial paper program
    • Goldman Sachs on offerings off its A$10 billion medium term notes kangaroo bonds program and its SEC-registered equity-linked notes shelf
    • Macquarie Bank on its $750 million Rule 144A/Reg. S offering of “Tier 1” subordinated notes (2017) and offerings off its $20 billion medium term notes program
    • AT&T Inc. on the establishment of and offerings off its A$5 billion medium term notes kangaroo bonds program
    • Lendlease Corporation Limited on the establishment of and offerings off its $2 billion medium term notes program
    • Suncorp–Metway Group on offerings off its $15 billion senior medium-term notes program
    • QBE Insurance Group Limited on its $400 million (2016) Rule 144A/Reg. S offering of “Tier 2” subordinated notes
    • New South Wales Treasury Corporation on updates of its $10 billion SEC-registered medium term notes program
       
  • Issuers and their underwriters on SEC-registered and Rule 144A/Reg. S debt offerings and other financings, including:
    • Newcastle Coal Infrastructure Group on its $450 million offering of senior secured guaranteed notes (2021)
    • The underwriters to Amcor Group on its debut SEC-registered $800 offering of senior guaranteed notes (2021) and its Rule 144A / Regulation S offerings of $500 million (2020), €500 million (2020) and $500 million (2018) senior guaranteed notes
    • Woodside Petroleum on its $1.5 billion (2019) and $800 million (2017) offerings of senior guaranteed notes
    • The underwriters to Ausgrid Group on its $1 billion debut offering of senior secured guaranteed notes (2018)
    • The underwriters to Goodman Group on its $850 million and €500 million offerings of senior guaranteed notes (2017)
    • APA Group on its $850 million (2017), $1.4 billion and $750 million debut (2012) offerings of senior guaranteed notes
    • The creditors of Emeco Pty Limited on its $361 million offering of senior secured guaranteed notes in connection with the recapitalization and triple merger with Orionstone and Andy’s Earthmovers through an Australian scheme of arrangement and US filing under Chapter 15 of the Bankruptcy Code (2017)
    • The underwriters to Goodman Australia Industrial Partnership on its $600 million debut offering of senior guaranteed notes (2016)
    • The underwriters to Sydney Airport Group on its $900 million (2016), $500 million (2015) and $500 million (2013) offerings of senior notes
    • The lenders to Consolidated Food Company Pty Ltd on the establishment of a $25 million trade finance facility (2013)
    • Northstar Realty Finance Corp. on its $86 million SEC-registered offering of notes exchangeable into common stock of the issuer (2012)
       
  • Australian issuers on their debt private placements pursuant to Section 4(a)(2), including:
    • Long WALE Investment Partnership Trust on its A$110 million (2021) and A$200 million offerings of senior secured guaranteed notes (2017)
    • Core Logistics Partnership Trust on its A$75 million (2021), A$100 million (2019) and A$200 million (2018) offerings of senior guaranteed notes
    • BP Fund 1 on its A$250 million offering of senior secured guaranteed notes (2021)
    • Lendlease International Towers Sydney Trust on its $225 million offering of senior guaranteed notes (2019)
    • Charter Hall Prime Industrial Fund on its A$150 million (2018) and $230 million and A$50 million offerings of senior guaranteed notes (2017)
    • Charter Hall Prime Office Fund on its $305 million offering of senior guaranteed notes (2018)
    • Charter Hall Property Trust on its $175 million offering of senior guaranteed notes (2018)
    • Coca-Cola Amatil Limited on its A$230 million offering of senior guaranteed notes (2016)
    • Charter Hall Retail REIT on its $235 million (2016) and $200 million (2015) offerings of senior guaranteed notes
 
IPOs, Equity Offerings and Other Financings:
  • Australian and New Zealand issuers and their underwriters on IPOs, including:
    • The underwriters on the A$656 million IPO and listing on the Australian Securities Exchange of Dalrymple Bay Coal Terminal (2020)
    • Tyro Payments Limited on its A$287 million IPO and listing on the Australian Securities Exchange (2019)
    • Coronado Global Resources Inc. on its A$774 million IPO and listing on the Australian Securities Exchange (2018)
    • The underwriters on the A$919 million IPO and listing on the Australian Securities Exchange of Reliance Worldwide (2016)
    • The underwriters on the A$486 million IPO and listing on the Australian Securities Exchange of Regis Healthcare (2014)
    • The underwriters on the A$582 million IPO and listing on the Australian Securities Exchange of Nine Entertainment Co. Holdings (2013)
    • Mighty River Power on its NZ$1.7 billion privatization from the New Zealand Government by IPO and listing on the New Zealand Securities Exchange (2013)
    • Shopping Centres Australia Property Group on its A$472 million spin-off from Woolworths by IPO and listing on the Australian Securities Exchange (2012)
       
  • Numerous entitlements offerings, share placements, block trades and establishment of ADR Programs, including:
    • Nitro Software Limited on its A$140 million entitlements offer (2021)
    • Centuria Industrial Partnership on its A$300 million equity placement (2021)
    • Centuria Office REIT’s underwriters on its A$201 entitlements offer (2021)
    • A$734 million block sale of shares in Viva Energy REIT Limited (2020)
    • AMP Limited on its A$650 million equity placement (2019)
    • Weta Digital Limited on its sale of shares to individual investors (2019)
    • WiseTech Global Limited on its A$300 million equity placement (2019)
    • Appen Limited on its A$285 million equity placement (2019)
    • Nufarm Limited on its A$303 million entitlements offer (2018)
    • Ausdrill Limited’s underwriters on its A$250 million entitlements offer (2018)
    • Cleanaway Waste Management Limited on its A$590 million entitlements offer (2017/2018)
    • Charter Hall Limited on its A$275 million (2017) and A$225 million (2015) equity placements
    • A$70 million block sale of shares in Wisetech Global Limited (2017)
    • JB Hi-Fi Limited on its A$394 million entitlements offer (2016)
    • Commonwealth Bank of Australia on its A$5.1 billion entitlements offer (2015)
    • National Australia Bank Limited on its A$5.5 billion entitlements offer (2015)
    • Dexus Funds Management Limited’s sole underwriter on its A$400 million equity placement (2015)
    • A$284 million block sale of shares in Genworth Mortgage Insurance Australia Limited (2015)
    • TabCorp Holdings Limited on its A$230 million entitlements offer (2015)
    • APA Group’s underwriters on its A$1.8 billion entitlements offer (2014)
    • Arrium Limited’s underwriters on its A$756 million entitlements offer (2014)
    • Challenger Limited’s sole underwriter on its A$250 million equity placement (2014)
    • QBE Insurance Group Limited’s sole underwriter on its A$650 million equity placement (2014)
    • Myer Holdings Limited on the establishment of its ADR program (2014)
    • Aristocrat Leisure Limited’s sole underwriter on its A$375 million equity placement (2014)
    • Silver Lake Resources Limited on its A$39 million equity placement (2014)
    • Charter Hall Retail REIT on its A$90 million equity placement (2013)
    • Mesoblast Limited on its A$50 million equity placement (2013)
    • Coca-Cola Amatil Limited on the recommencement of its ADR program (2013)
    • Suncorp-Metway Limited on the establishment of its American Depositary Receipt program (2013)
    • Northstar Realty Finance Corp on its “at the market” SEC-registered offerings of its preferred stock (2012)
 
Debt Liability Management Matters:
  • Commonwealth Bank of Australia on its repurchases of US$653 million senior notes (2021), €660 million senior notes (2021) and $3.6 billion of senior notes (2014) through any and all tender offers
  • Amcor Group’s dealer managers on its $2 billion Section 4(a)(2) exchange offering of senior guaranteed notes (2019)
  • Barminco Holdings Pty Limited’s solicitation agent on its consent solicitation to amend $350 million of its senior secured guaranteed notes (2018)
  • Goodman Group’s dealer managers on its repurchases of $545 million senior guaranteed notes through modified Dutch auction tender offers and £129 million of its senior guaranteed notes through an any and all tender offer (2017) and its $482 million Section 4(a)(2) exchange offering of senior guaranteed notes (2017)
  • Macquarie Bank Limited on its repurchase of $174 million of its subordinated notes through a modified Dutch Auction tender offer (2016)
  • AMC Networks Inc. on its $700 million SEC-registered “Exxon Capital” exchange offer (2012)
     
Other Matters:
  • Eastman Kodak Company on its Chapter 11 bankruptcy protection filing, Executive Compensation and Benefits team