JackUbbing

Associate

Cleveland + 1.216.586.7078

Jack Ubbing advises clients on capital markets transactions and has represented clients in transactions raising in excess of $80 billion in gross proceeds since 2012. His clients include a diverse group of companies and financial institutions, ranging from emerging growth companies to the Fortune 100. His transactional practice covers cross-border and domestic equity and debt offerings, including initial public offerings, Rule 144A offerings, tender offers, at-the-market offerings, spin-offs, and exchange offers. He also regularly advises public companies on corporate governance, securities laws, stock exchange rules and regulations, and periodic reporting responsibilities.

Companies Jack has recently advised include Athersys, Cintas Corporation, Cleveland-Cliffs, ConAgra Foods, Cooper Tire & Rubber Company, DDR Corp, FirstEnergy, Lincoln Electric, Marathon Petroleum, Maxeon Solar Technologies, MPLX, National Fuel Gas Company, Olympic Steel, Parker Hannifin, PolyOne, The Sherwin-Williams Company, Sprint Corporation, Steris, TimkenSteel, TransDigm Group Incorporated, and TriMas Corporation.

Jack also has represented financial institutions including Barclays, Canaccord Genuity, Credit Suisse, Deutsche Bank, FirstMerit Corporation, Goldman Sachs, J.P. Morgan, Jefferies, KeyBanc Capital Markets, Morgan Stanley, Raymond James, and Wells Fargo.

Experience

  • Omnicom Group completes £325 million public offering of Senior NotesJones Day represented Omnicom Group Inc., a leading global marketing and corporate communications company, in connection with the public offering by Omnicom Capital Holdings plc, its wholly-owned subsidiary, of £325 million aggregate principal amount of 2.250% Senior Notes due 2033.
  • Group 1 Automotive sells Brazil operationsJones Day is advising Group 1 Automotive, Inc. in the BRL 510 million sale of 100% of its Brazilian business to Original Holdings S.A., an affiliate of Simpar S.A, a publicly listed company in Brazil.
  • Cascades completes $300 million modified Dutch auction tender offerJones Day represented Cascades Inc., a producer of sustainable, innovative, and value-added packaging, hygiene and recovery solutions, in connection with a modified Dutch Auction tender offer for $300 million of its 5.125% Senior Notes due 2026 and 5.375% Senior Notes due 2028.
  • Financial institutions underwrite $500 million Senior Notes offering by self-managed healthcare real estate companyJones Day represented the joint book-running managers in connection with a $500 million public offering of Senior Notes by a self-managed healthcare real estate company, which are guaranteed by its sole general partner.
  • KeyBanc Capital Markets Inc.-led group of sales agents establishes at-the-market equity program for sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc.Jones Day represented a KeyBanc Capital Markets Inc.-led group of sales agents in connection with the establishment of an at-the-market equity program for the sale of up to $150 million of Common Shares by Alexander & Baldwin, Inc., a premier commercial real estate company located in Hawaii and owner of the largest grocery-anchored, neighborhood shopping center portfolio in the state.
  • 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.
  • Great Elm Capital Corp. completes $50 million Notes offeringJones Day represented Great Elm Capital Corp. (“GECC”) in connection with its underwritten public offering of $50 million aggregate principal amount of 5.875% Notes due 2026.
  • KeyBanc Capital Markets-led syndicate completes $400 million Senior Notes offering by CTR Partnership, L.P. and CareTrust Capital Corp.Jones Day represented KeyBanc Capital Markets Inc., as representative of the several initial purchasers, in connection with the Rule 144A and Regulation S offering by CTR Partnership, L.P. and CareTrust Capital Corp. of $400 million aggregate principal amount of 3.875% Senior Notes due 2028.
  • KeyBanc Capital Markets-led syndicate completes $1.2 billion Senior Notes offering, including issuance of SOFR Senior Notes, by KeyBankJones Day represented KeyBanc Capital Markets Inc.; Credit Suisse Securities (USA) LLC; Deutsche Bank Securities Inc.; RBC Capital Markets, LLC; Wells Fargo Securities, LLC; and the other agents, in connection with KeyBank National Association’s offering of $800 million aggregate principal amount of Fixed-to-Floating Compound SOFR Senior Bank Notes due June 14, 2024 and $400 million aggregate principal amount of Floating Compound SOFR Senior Bank Notes due June 14, 2024 in a transaction exempt from registration pursuant to Section 3(a)(2) of the Securities Act of 1933.
  • Skyworks Solutions completes $1.5 billion Senior Notes offeringJones Day represented Skyworks Solutions, Inc., a leading manufacturer of highly innovative analog semiconductors, in connection with its registered public offering of $500 million of 0.900% Senior Notes due 2023, $500 million of 1.800% Senior Notes due 2026, and $500 million of 3.000% Senior Notes due 2031.
  • KeyBanc Capital Markets-led syndicate completes $129.4 million public offering of Common Stock by DMC Global Inc.Jones Day represented a KeyBanc Capital Markets Inc.-led syndicate, as underwriters, in connection with the $129.4 million public offering of Common Stock by DMC Global Inc., a diversified holding company whose portfolio serves the energy, industrial processing, and transportation markets.
  • 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.
  • Maxeon Solar Technologies completes public offering of $125 million of Ordinary Shares and concurrent private placement of $33.7 million of Ordinary SharesJones Day represented Maxeon Solar Technologies, Ltd., one of the world’s leading global manufacturers and marketers of premium solar power technology, in connection with its concurrent SEC registered public offering of $125 million of its Ordinary Shares and private placement of $33.7 million of its Ordinary Shares to an affiliate of Tianjin Zhonghuan Semiconductor, one of Maxeon’s existing largest shareholders.
  • Verint Systems issues $400 million of Convertible Perpetual Preferred Stock to funds advised by Apax PartnersJones Day represented Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in a private placement of $200 million aggregate principal amount of its Series A Convertible Perpetual Preferred Stock and $200 million aggregate principal amount of its Series B Convertible Perpetual Preferred Stock to funds advised by Apax Partners, a global private equity advisory firm.
  • PureCycle Technologies combines with Roth CH Acquisition I Co.Jones Day advised PureCycle Technologies LLC ("PureCycle") in its business combination with Roth CH Acquisition I Co. ("Roth SPAC"), a publicly-traded special purpose acquisition corporation backed by Roth Capital Partners and Craig-Hallum Capital Group, and Roth CH Acquisition I Co. Parent Corp., a wholly owned subsidiary of Roth CH ("Holdings"), among others.
  • Montauk Renewables completes IPO and dual listing in United States and South AfricaJones Day represented Montauk Renewables, Inc. in connection with its domestic initial public offering of Common Stock with a U.S. primary listing (Nasdaq: MNTK) and South African secondary listing (JSE: MKR).
  • PureCycle Technologies completes $60 million Convertible Senior Notes offeringJones Day represented PureCycle Technologies LLC ("PureCycle") in connection with its initial issuance of $48 million aggregate principal amount of 5.875% Convertible Senior Notes due 2022 (the "Initial Notes") and an add-on issuance of $12 million aggregate principal amount of 5.875% Convertible Senior Secured Notes due 2022 (the "Second Tranche Notes" and together with the Initial Notes, the "Convertible Notes").
  • KeyBanc Capital Markets-led syndicate completes $1.1 billion Senior Notes offering, including inaugural issuance of SOFR Senior Notes, by KeyBankJones Day represented KeyBanc Capital Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets LLC, and the other agents, in connection with KeyBank National Association’s (“KeyBank”) offering of $750 million aggregate principal amount of Fixed-to-Floating SOFR Senior Bank Notes due January 3, 2024 and $350 million aggregate principal amount Floating SOFR Senior Bank Notes due January 3, 2024 in a transaction exempt from registration pursuant to Section 3(a)(2) of the Securities Act of 1933.
  • Funds managed by EagleTree Capital complete $238 million IPO of Corsair GamingJones Day acted as legal counsel to funds managed by EagleTree Capital, LP in Corsair Gaming Inc.’s $238 million initial public offering, reflecting an enterprise value of approximately $1.7 billion.
  • Maxeon Solar Technologies completes offering of $200 million Green Convertible NotesJones Day represented Maxeon Solar Technologies, Ltd., then a wholly-owned subsidiary of SunPower Corporation, in connection with its Rule 144A offering of $200 million aggregate principal amount of 6.50% Green Convertible Senior Notes due 2025.