Transactions total more than $3.4 billion
In separate transactions that closed on the same day despite a volatile market resulting from the COVID-19 pandemic, Foley Hoag advised on senior unsecured notes offerings for Entegris, Inc. and Biogen Inc. that total more than $3.4 billion.
The firm represented Biogen Inc. (Nasdaq: BIIB) in a registered offering of two series of senior unsecured notes for an aggregate principal amount of $3.0 billion. Biogen intends to use the proceeds to redeem $1.5 billion of its outstanding 2.90% Senior Notes due September 15, 2020, to fund (together with cash on hand) repurchases of common stock under its share repurchase plans and for other general corporate purposes. Foley Hoag attorneys Tom Draper, John Hancock, Anne Seymour, Caroline Samp, Matthew Burton, Alyssa Pratt and Mark Jorgensen represented Biogen in the transaction.
Based in Cambridge, MA, Biogen discovers, develops, manufactures and delivers therapies for treating neurological and neurodegenerative diseases worldwide.
Foley Hoag also represented Entegris, Inc. (Nasdaq: ENTG) in a 144A offering of senior unsecured notes in an aggregate principal amount of $400 million. Entegris intends to use the proceeds to repay its revolving loans, a portion of its term loans and for general corporate purposes. Foley Hoag attorneys Tom Draper, John Hancock, Ryan Rourke Reed, Anne Seymour, Caroline Samp, Heekyoung Lee and Sarah Ropiak represented Entegris in the transaction.
Based in Billerica, Massachusetts, Entegris is a world-class supplier of advanced materials and process solutions for the semiconductor and other high-tech industries.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional senior level service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.
