Niko A.Eren

Associate

Cleveland + 1.216.586.1304

Niko Eren advises clients on capital markets and commercial financing transactions. He has represented private and public corporate clients, including private equity firms. His practice includes debt and equity securities offerings. He also regularly advises public companies on corporate governance and periodic reporting responsibilities.

Niko has represented clients such as Athersys, Cleveland-Cliffs, FirstEnergy, Olympic Steel, and TransDigm Group.

Experience

  • Citigroup Global Markets and Scotiabank-led syndicate purchases 117,049,735 CBFIs in global offering by FIBRA PrologisJones Day represented Citigroup Global Markets Inc. and Scotia Capital (USA) Inc., as representatives of the several initial purchasers, as U.S. securities counsel in connection with the global offering by FIBRA Prologis of 117,049,735 real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios, or “CBFIs”).
  • 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.
  • Riverside forms Riverside Micro-Cap Fund VIJones Day advised The Riverside Company in the formation of Riverside Micro-Cap Fund VI (RMCF VI), raising $1.872 billion in investable capital, the largest in RMCF and Riverside history and more than 50% larger than its predecessor fund RMCF V.
  • 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.
  • FirstEnergy to sell $3.5 billion transmission stake to BrookfieldJones Day is advising 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.
  • 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.
  • Timken completes $350 million Senior Notes offeringJones Day represented The Timken Company, a leading designer, producer, and supplier of engineered bearings and power transmission products, in connection with its registered offering of $350 million aggregate principal amount of 4.125% Senior Notes due 2032.
  • 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.
  • TopBuild completes $500 million Senior Notes offeringJones Day represented TopBuild Corp., a leading installer and distributor of insulation and building material products in the United States, in connection with a Rule 144A and Regulation S offering of $500 million aggregate principal amount of Senior Notes due 2032.
  • Olympic Steel establishes $50 million at-the-market equity programJones Day represented Olympic Steel, Inc., a leading national metals service center, in connection with the establishment of an at-the-market equity program for the sale of up to $50 million in the aggregate of shares of Common Stock to KeyBanc Capital Markets Inc., as sales agent.
  • LBB Specialties acquires Centerchem, Inc.Jones Day represented LBB Specialties LLC, a portfolio company of LeBaronBrown Industries LLC, in its acquisition of Centerchem, Inc., a specialty chemical and ingredients distributor based in Norwalk, Connecticut.
  • Athersys establishes equity purchase facility for sale of up to $100 million of Common Stock to Aspire Capital Fund LLCJones Day represented Athersys, Inc. in connection with the establishment of an equity purchase facility for the sale of up to $100 million of Athersys’ shares of Common Stock to Aspire Capital Fund LLC.
  • Refrigeration Sales Corporation sells company to Rotunda Capital PartnersJones Day advised Refrigeration Sales Corporation in its sale of the company to Rotunda Capital Partners.
  • FirstEnergy subsidiary completes $150 million Senior Notes offeringJones Day represented Mid-Atlantic Interstate Transmission, LLC, an electric transmission subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of its 4.10% Senior Notes due 2028.
  • The Toledo Edison Company issues $150 million Senior Secured Notes and First Mortgage BondsJones Day represented The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.
  • TransDigm completes $750 million Senior Subordinated Notes offeringJones Day represented TransDigm Group Incorporated, 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 $750 million aggregate principal amount of 4.875% Senior Subordinated Notes due 2029.