A&O Shearman advises on Consolidated Edison’s USD677 million sale of common shares

Con Edison expects to invest the net proceeds from the sale of common shares in its subsidiaries for funding of their capital requirements and for other general corporate purposes. As one of the largest U.S. investor-owned energy-delivery companies, Con Edison provides a wide range of energy-related products and services to its customers in New York City and Westchester County, New York as well as southeastern New York State and northern New Jersey.

The A&O Shearman advises corporations and investment banks on the full spectrum of debt capital markets transactions, both public and private, including IPOs, convertible bonds, and investment grade and high-yield bond transactions.

The A&O Shearman team included Capital Markets partner Richard Alsop, Global Financial Markets partner Geoffrey Goldman, Capital Markets associate Tianwei Liu and Global Financial Markets associate Derrick Vallejos.