Legal Services
Whitecase
Full Credential Description
Global law firm White Case LLP advised Iberdrola on the US law aspects of its €5 billion capital increase, executed under Rule 144A and Regulation S of the US Securities Act. This capital increase was necessitated by Iberdrolas ambitious investment plan focused on enhancing electricity grids in the US and the UK. The transaction was notably oversubscribed by 3.8 times, with shares priced at €15.15 each, marking it as the largest equity offering in the EMEA region for the year and one of the most significant in Spain over the past decade. The tailored solution provided by White Case involved acting as international counsel, ensuring compliance with US securities regulations while facilitating a successful capital raise. The expertise of partners Juan Manuel de Remedios and Michael Immordino, along with counsel Bree Peterson, was instrumental in navigating the complexities of this high-stakes transaction. The successful capital increase not only bolstered Iberdrolas financial position but also reinforced its status as a leader in renewable energy, enabling further investment in critical infrastructure across multiple countries.