Orange County, CA-- Paul Hastings, a leading global law firm, announced today that the firm closed a $122 million public offering for Kayne Anderson MLP Investment Company (the “Fund”) for its new Series F Mandatory Redeemable Preferred Shares on April 3, 2013. BofA Merrill Lynch, Citigroup and UBS Investment Bank acted as joint book-running managers and RBC Capital Markets acted as lead manager.
On the same day, Paul Hastings assisted the Fund in its commencement of a $101 million optional redemption for all of the Fund’s Series D Mandatory Redeemable Preferred Shares. The Series D MRPS and the Series F MRPS are traded on the NYSE.
Investment Management Partners John Della Grotta and David Hearth led the Paul Hastings’ team which also included associate Mike Purtill.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.