Kimberly J.Pustulka

Partner

(T) + 1.216.586.7002

Kimberly Pustulka has represented corporate clients in multibillion dollar financing transactions. She counsels clients on day-to-day disclosure obligations and corporate governance matters. She advises clients on a wide variety of public and private corporate financing transactions, including the largest ever 144A high-yield debt offering, as well as the largest non-M&A debt deal in the history of the utility industry (each, at the time). She regularly works with clients on investment-grade debt offerings, equity offerings, and complex mergers and acquisition transactions. She also counsels public companies on corporate governance issues and compliance with reporting obligations under the U.S. federal securities laws and stock exchange rules.

She represents companies from a broad spectrum of industries, including manufacturing, real estate (REITs), energy, and telecommunications. Such companies represented recently include A. Schulman, Cooper Tire, DDR Corp., FirstEnergy, Hyster-Yale Materials Handling, Marathon Petroleum, MPLX, NACCO Industries, Parker Hannifin, Real Alloy, Shiloh, Sprint Corporation, Steris, and YETI Coolers. She also has represented investment firms and financial institutions in corporate finance transactions.

Kimberly has been recognized as an "Ohio Rising Star" by Super Lawyers. She serves on the boards of Positive Education Program and the Lakewood Early Childhood PTA. Kimberly is a chair of Jones Day's Women RRAIN (Retention, Recruiting & Advancing in Network) group, whose mission is to improve the recruitment, retention, advancement, and leadership skills of women attorneys in the Cleveland Office. She formerly served as a director of the University at Buffalo Alumni Association (UBAA) and is a cofounder of the Cleveland chapter of UBAA.

Experience

  • SITE Centers Corp. establishes $250 million at-the-market programJones Day represented SITE Centers Corp., a self-administered real estate investment trust, in connection with the establishment of an at-the-market program for the sale of up to $250 million of its Common Shares.
  • FirstEnergy subsidiary completes $300 million private placement of Senior NotesJones Day represented The Cleveland Electric Illuminating Company, an electric distribution utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $300 million of Senior Notes.
  • YETI Holdings completes $288 million IPOJones Day represented YETI Holdings, Inc., a designer, marketer, retailer, and distributor of a variety of innovative, branded, premium outdoor products, in connection with its $288 million initial public offering of Common Stock.
  • Marathon Petroleum acquires Andeavor in deal valued at $23.3 billionJones Day advised Marathon Petroleum Corp. (NYSE: MPC) in connection with the acquisition and related financing of Andeavor (NYSE: ANDV) to create a leading U.S. refining, marketing, and midstream company.
  • DDR spins off $3 billion portfolio into separate publicly-traded REITJones Day advised DDR Corp. in its spin-off of a portfolio of 50 assets, comprised of 38 Continental U.S. assets and the entirety of the Puerto Rico portfolio into a separate publicly-traded REIT named Retail Value Inc. ("RVI").
  • FirstEnergy subsidiary completes $450 million private placement of Senior NotesJones Day represented Mid-Atlantic Interstate Transmission, LLC, a transmission-only subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with its private placement of $450 million of Senior Notes.
  • Sprint completes $1.5 billion public offering of Senior NotesJones Day advised Sprint Corporation, a communications services company, in connection with its underwritten public offering of $1.5 billion aggregate principal amount of 7.625% Notes due 2026, guaranteed by Sprint Communications, Inc.
  • MPLX completes $5.5 billion public offering of Senior NotesJones Day represented MPLX LP in connection with a public offering of $5.5 billion of Senior Notes, consisting of (i) $500 million aggregate principal amount of 3.375% Senior Notes due 2023, (ii) $1.25 billion aggregate principal amount of 4.000% Senior Notes due 2028, (iii) $1.75 billion aggregate principal amount of 4.500% Senior Notes due 2038, (iv) $1.5 billion aggregate principal amount of 4.700% Senior Notes due 2048, and (v) $500 million aggregate principal amount of 4.900% Senior Notes due 2058.
  • Owens Corning acquires Paroc Group, a leading European mineral wool manufacturer, for approximately €900 million (US$1.04 billion)Jones Day advised Owens Corning in its acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe, from CVC Capital Partners for an enterprise value of approximately €900 million ($1.04 billion).
  • Owens Corning issues $400 million of 4.400% Senior Notes in public offeringJones Day represented Owens Corning, a global developer and producer of insulation, roofing, and fiberglass composites, in connection with its underwritten public offering of $400 million aggregate principal amount of 4.400% Senior Notes due 2048.
  • FirstEnergy raises $1.616 billion in private placement of Convertible Preferred StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $1.616 billion of Series A Convertible Preferred Stock in a private placement to affiliates of Elliott Management Corporation, Bluescape, and GIC.
  • FirstEnergy raises $850 million in private placement of Common StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $850 million of Common Stock in a private placement to funds affiliated with Zimmer Partners, LP.
  • DDR completes $350 million registered public offering of Senior NotesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of $350 million aggregate principal amount of 3.900% Senior Notes due 2024.
  • FirstEnergy completes $3 billion Senior Notes OfferingJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its underwritten public offering of $3 billion of Senior Notes consisting of $500 million aggregate principal amount of 2.85% Notes, Series A, due 2022; $1.5 billion aggregate principal amount of 3.90% Notes, Series B, due 2027; and $1 billion aggregate principal amount of 4.85% Notes, Series C, due 2047.
  • DDR completes $175 million registered public offering of depositary sharesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of 7,000,000 depositary shares, each representing a 1/20th fractional interest in a share of its newly designated 6.375% Class A Cumulative Redeemable Preferred Shares, at a price of $25.00 per depositary share.
  • DDR completes $450 million registered public offering of Senior NotesJones Day represented DDR Corp., a self-administered and self-managed real estate investment trust, in connection with its registered public offering of $450 million aggregate principal amount of 4.700% Senior Notes due 2027.
  • Parker Hannifin acquires CLARCOR for $4.3 billionJones Day advised Parker Hannifin Corporation in its $4.3 billion acquisition of filtration company CLARCOR Inc.
  • Parker Hannifin completes $2 billion private offerings of Senior NotesJones Day represented Parker Hannifin Corporation, a global leader in motion and control technologies, engineering innovative products and systems, in connection with its $2 billion private offerings of Senior Notes.
  • MPLX completes $2.25 billion public offering of Senior NotesJones Day represented MPLX LP in connection with a public offering of $2.25 billion of Senior Notes, consisting of (i) $1.25 billion aggregate principal amount of 4.125% Senior Notes due 2027 and (ii) $1 billion aggregate principal amount of 5.200% Senior Notes due 2047. Barclays Capital Inc.; Citigroup Global Markets Inc.; MUFG Securities Americas Inc.; Wells Fargo Securities, LLC, BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated; Mizuho Securities USA Inc.; RBC Capital Markets, LLC; SunTrust Robinson Humphrey, Inc.; TD Securities (USA) LLC; UBS Securities LLC; and US Bancorp Investments, Inc. acted as joint book-running managers for the offering.
  • Sprint completes private placement of wireless spectrum-backed notesJones Day represented Sprint Corporation, a communications services company, in connection with the issuance by three special purpose, bankruptcy-remote, wholly owned subsidiaries of Sprint (the Issuers) of $3.5 billion of Series 2016-1 3.36% Senior Secured Notes, Class A-1 (the Notes) in a private transaction exempt from the registration requirements of the Securities Act of 1933.
  • Speaking Engagements

    • December 2014
      18th Annual RR Donnelley SEC Hot Topics Institute: SEC Enforcement
    • Fall 2013
      SEC Enforcement, moderator, 16th Annual RR Donnelley SEC Hot Topics Institute
    • Fall 2008
      Avoiding Problems Overseas: Understanding the Foreign Corrupt Practices Act, comoderator, Bowne's 12th Annual SEC Issues Update Seminar
    • Winter 2007
      Cleveland Bar Association's Securities Law Institute - Recent Developments
    • December 2006
      New Executive Pay Disclosure, Greater Cleveland General Counsel Association
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