Aaron G.Burnside

Associate

Cleveland + 1.216.586.7215

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Aaron Burnside advises public and private companies and financial institutions on capital markets and commercial financing transactions. His practice includes debt and equity securities offerings, public disclosure obligations, and corporate governance matters.

Aaron has recently represented companies such as Athersys, Cleveland-Cliffs, Macy's, FirstEnergy, Diebold Nixdorf, and Cintas. He has also represented financial institutions, including Bank of America, Wells Fargo, and KeyBank.

Experience

  • FirstEnergy sells $3.5 billion transmission stake to BrookfieldJones Day advised FirstEnergy Corp. in the $3.5 billion sale of an additional 30.0% equity stake in its subsidiary FirstEnergy Transmission (“FET”), the holding company for FirstEnergy’s three regulated electric transmission businesses, to North American Transmission Company II L.P., FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners.
  • Monongahela Power Company completes $400 million private placement of First Mortgage BondsJones Day represented Monongahela Power Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its Rule 144A and Regulation S offering of $400 million aggregate principal amount of its 5.850% First Mortgage Bonds due 2034.
  • The Potomac Edison Company completes $150 million private placement of First Mortgage BondsJones Day represented The Potomac Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $100 million aggregate principal amount of its 5.64% First Mortgage Bonds due 2028 and $50 million aggregate principal amount of its 5.73% First Mortgage Bonds due 2030.
  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • National Fuel Gas completes $300 million Notes offeringJones Day represented National Fuel Gas Company in connection with its registered offering of $300 million aggregate principal amount of 5.50% Notes due 2026.
  • American Transmission Systems completes $150 million private placement of Senior NotesJones Day represented American Transmission Systems, Incorporated, a transmission-only subsidiary of FirstEnergy Transmission, LLC, which is a majority-owned subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a private placement of $150 million aggregate principal amount of 5.13% Senior Notes due 2033.
  • FirstEnergy completes $1.5 billion Convertible Senior Notes offeringJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its Rule 144A offering of $1.5 billion aggregate principal amount of 4.00% Convertible Senior Notes due 2026.
  • Metropolitan Edison Company completes $425 million Senior Notes offeringJones Day represented Metropolitan Edison Company, an electric public utility subsidiary of FirstEnergy Corp., in connection with its Rule 144A and Regulation S offering of $425 million aggregate principal amount of 5.200% Senior Notes due 2028.
  • Pennsylvania Electric Company completes $300 million Senior Notes offeringJones Day represented Pennsylvania Electric Company, an electric public utility subsidiary of FirstEnergy Corp., in connection with its Rule 144A and Regulation S offering of $300 million aggregate principal amount of 5.150% Senior Notes due 2026.
  • TransDigm completes $1.1 billion Senior Secured Notes offeringJones Day represented TransDigm Group Incorporated (“TransDigm Group”), a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with the Rule 144A and Regulation S offering by TransDigm Inc., its wholly-owned subsidiary, of an additional $1.1 billion aggregate principal amount of 6.75% Senior Secured Notes due 2028 (the “Notes”).
  • Mid-Atlantic Interstate Transmission, LLC completes $175 million private placement of Senior NotesJones Day represented Mid-Atlantic Interstate Transmission, LLC, a transmission-only subsidiary of FirstEnergy Transmission, LLC, which is a majority-owned subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $175 million aggregate principal amount of its 5.39% Senior Notes due 2033.
  • TransDigm completes $1 billion Senior Secured Notes offeringJones Day represented TransDigm Group Incorporated (“TransDigm Group”), a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with the Rule 144A and Regulation S offering by TransDigm Inc., its wholly-owned subsidiary, of $1 billion aggregate principal amount of 6.75% Senior Secured Notes due 2028 (the “Notes”).
  • Cemig Geracao e Transmissao S.A. completes $243.9 million Senior Notes offeringJones Day represented Cemig Geracao e Transmissao S.A., a wholly-owned subsidiary of Companhia Energética de Minas Gerais, in connection with its purchase for cash of a purchase price of $243.9 million aggregate principal amount of its 9.25% Senior Notes due 2024.
  • West Penn Power Company completes $250 million private placement of First Mortgage BondsJones Day represented West Penn Power Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $250 million aggregate principal amount of its 5.29% First Mortgage Bonds due 2033.
  • Ohio Edison Company completes $300 million Senior Notes offeringJones Day represented Ohio Edison Company, a wholly-owned subsidiary of FirstEnergy Corp., in connection with its Rule 144A and Regulation S offering of $300 million aggregate principal amount of 5.500% Senior Notes due 2033.
  • FirstEnergy completes $1.1 billion cash tender offerJones Day represented FirstEnergy Corp. in connection with its purchase for cash of a combined aggregate purchase price of $1.1 billion aggregate principal amount of its 7.375% Notes, Series C, due 2031 and 4.85% Notes, Series C, due 2047.
  • FirstEnergy sells $2.4 billion minority transmission stake to BrookfieldJones Day represented FirstEnergy Corp. in its $2.4 billion sale of a 19.9% equity stake in its subsidiary FirstEnergy Transmission, the holding company for FirstEnergy’s three regulated electric transmission businesses.
  • FirstEnergy completes $1 billion Common Equity offeringJones Day represented FirstEnergy Corp. in connection with its $1 billion private placement of Common Equity to Blackstone Infrastructure Partners at $39.08 per share.
  • American Transmission Systems completes $600 million Senior Notes offeringJones Day represented American Transmission Systems, Incorporated, a wholly-owned subsidiary of FirstEnergy Transmission, LLC, which is a direct subsidiary of FirstEnergy Corp., in connection with its Rule 144A and Regulation S offering of $600 million aggregate principal amount of 2.650% Senior Notes due 2032.
  • FirstEnergy obtains $4.5 billion financing packageJones Day represented FirstEnergy Corp., a diversified energy holding company, and certain of its subsidiaries in connection with six new credit facilities in an aggregate amount of $4.5 billion, consisting of (i) a $1 billion senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (ii) an $800 million senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (iii) a $950 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (iv) a $500 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (v) a $400 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, and (vi) an $850 million senior unsecured revolving credit facility with the administrative agent thereto.
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