Dewey & LeBoeuf has raised $125m (£82m) through a bond offering designed to refinance the firm's existing bank debt, reports The Am Law Daily. The unusual move, which saw insurance companies purchase the Dewey bonds, was confirmed by a partner at the firm, who said: "With our bankers we looked at the rates and thought this was a good time to lock in. Essentially we think the current rates are the lowest we are going to see."
April 19, 2010 at 06:33 AM
1 minute read
The original version of this story was published on Legalweek
Dewey & LeBoeuf has raised $125m (£82m) through a bond offering designed to refinance the firm’s existing bank debt, reports The Am Law Daily.
The unusual move, which saw insurance companies purchase the Dewey bonds, was confirmed by a partner at the firm, who said: “With our bankers we looked at the rates and thought this was a good time to lock in. Essentially we think the current rates are the lowest we are going to see.”
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