Jennifer Tait

National Partner

London
Willkie Farr & Gallagher (UK) LLP
CityPoint, 1 Ropemaker Street
London EC2Y 9AW
T +44 20 3580 4729
F +44 20 3580 4800
jtaitwillkie.com

Jennifer Tait is a national partner in the Corporate & Financial Services Department.  Jennifer practiced corporate and securities law in New York before moving to London.  Her focus includes representing issuers and underwriters in capital markets transactions in the U.S. and in Europe, including public and private offerings of equity, debt and hybrid securities, medium term notes and Tier I/II regulatory capital transactions.  Jennifer also has experience in consent solicitations, and tender and exchange offers.  Jennifer regularly represents insurers and investment banks with insurance-linked securities transactions, including catastrophe bonds and other transactions involving (re)insurance capital markets products such as ILS fund, collateralized reinsurance and sidecar transactions.

Jennifer Tait is a national partner in the Corporate & Financial Services Department.  Jennifer practiced corporate and securities law in New York before moving to London.  Her focus includes representing issuers and underwriters in capital markets transactions in the U.S. and in Europe, including public and private offerings of equity, debt and hybrid securities, medium term notes and Tier I/II regulatory capital transactions.  Jennifer also has experience in consent solicitations, and tender and exchange offers.  Jennifer regularly represents insurers and investment banks with insurance-linked securities transactions, including catastrophe bonds and other transactions involving (re)insurance capital markets products such as ILS fund, collateralized reinsurance and sidecar transactions.

Selected Significant Matters

Jennifer has advised on the following significant matters:

  • Platinum Equity in a high-yield offering of$280 million 9.00% Senior Secured Notes due 2022, as part of the acquisition financing of UK-based company, Pattonair Holdings Limited
  • NYSE-listed Tronox Limited in connection with the high yield bond portion of its $3.150 billion debt refinancing transactions, comprising an offering of $450 million 5.75% Senior Notes due 2025
  • Sirius International Group in its Reg S offering of SEK2,750,000,000 (approximately $340 million) aggregate principal amount of floating rate callable subordinated notes due 2047
  • APL Limited, a provider of container shipping and global transportation services, in its consent solicitation to effect certain amendments to its 8% Senior Debentures due 2024 
  • Platinum Equity and Worldwide Flight Services (WFS) in €50 million high yield offering of its 9.50% Senior Secured Notes
  • Aquiline Capital in the sale of UK-based Simply Business to The Travelers Companies, Inc. for an enterprise value of approximately $490 million
  • Willis Capital Markets as arranger and placement agent in $185 million private debt offering by ‘cat bond lite’ platform Resilience Re matching third-party capital with risks identified by Willis Re
  • Argo Group in $43 million private placement by Harambee reinsurance sidecar for January 2017 renewal season
  • Lancashire Holdings Limited in $240 million private placement by Kinesis, the third-party capital management branch of Lancashire 
  • Aviva plc in the redemption of its 8.25% US Capital Securities and NYSE delisting and SEC deregistration of its American Depositary Shares
  • Aspen Insurance Holdings in $130 million private placement by Silverton Re
  • ELZ Sağlık Yatırım A.Ş. as project sponsor and borrower in connection with groundbreaking bond financing of €360 health campus in Turkey 
  • Underwriters in $436.5 million public offering of depositary shares by Arch Capital to qualify as regulatory capital
  • Aspen Insurance Holdings in $250 million public offering of 5.625% perpetual non-cumulative preference shares to qualify as regulatory capital
  • Teva Pharmaceutical Industries in three multi-tranche, multi-market offerings of $20.4 billion of senior notes to finance its pending acquisition of Actavis Generics, the worldwide generic pharmaceutical business of Allergan plc
  • CMA CGM, a leading global container liner shipping company, in acquisition of Neptune Orient Lines, to create a $22 billion entity with more than 560 vessels
  • Aon Securities as sole structuring agent and bookrunner in Everest Re’s 144A $625 million catastrophe bond offering 
  • BB&T in proposed acquisition of stake in leading Lloyd’s broker, Miller Insurance Services LLP
  • CMA CGM S.A. in $725 million high yield offerings of 7.75% Senior Notes due 2021 and concurrent tender offer and redemption
  • AXA in €285 million mortality bond offering 
  • Munich Re in $75 million 144A note offering by Eden I

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