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A&O advises Danish power cable provider NKT on successful rights issue

Published Date
Jul 7 2023
A&O advised Danish power cable provider NKT on the US and other international aspects of its successful DKK2.74bn (c. US$400m) rights issue, which will be used for investments in production and installation capacity. As one of the world’s leading manufacturers of cables connecting offshore wind farms to the grid, NKT is already a major player in the green transition of the energy sector. A&O is very pleased to have advised them on this successful capital raise.

The deal was led by London-based US ECM partner Jeff Hendrickson, who was supported by US capital markets associates Katrien Wilmots and Rose Whitlock.

Danske Bank, J.P. Morgan and Nordea acted as Joint Global Coordinators and Joint Bookrunners of the Offering, with Skandinaviska Enskilda Banken and Nykredit Bank acting as Joint Lead Managers.

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This content was originally published by Allen & Overy before the A&O Shearman merger

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Jeff Hendrickson

Partner

London

Jeff is a US qualified lawyer and working in London.
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Katrien Wilmots

Senior Associate

London

Katrien focuses on corporate finance transactions and U.S. securities laws matters, advising corporate and sovereign issuers, financ...

Rose Whitlock

Rose Whitlock

Associate

London

Rose is an Associate in the Firm's US Corporate Finance Group, based in London.