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 $70 billion in gross proceeds since 2012. His clients include a diverse range of companies and financial institutions. His transactional practice includes public and private equity and debt offerings and restructurings, 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, ConAgra Foods, Cooper Tire & Rubber Company, DDR Corp, FirstEnergy, Lincoln Electric, Marathon Petroleum, Molycorp, 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, Jeffries, KeyBanc Capital Markets, Morgan Stanley, Raymond James, and Wells Fargo.

Experience

  • 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.
  • 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.
  • First Midwest completes $122.5 million public offering of Series C Preferred StockJones Day represented BofA Securities, Inc., J.P. Morgan Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Keefe, Bruyette & Woods, Inc., and Raymond James & Associates, Inc., as underwriters, in connection with First Midwest Bancorp, Inc.’s $122.5 million public offering of 4,900,000 depositary shares, each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series C.
  • Goldman Sachs and KeyBanc Capital Markets act as lead agents on update to KeyCorp's Medium-Term Note ProgramJones Day represented Goldman Sachs & Co. LLC and KeyBanc Capital Markets Inc., as lead agents, in connection with an update to KeyCorp's Medium-Term Note Program, under which KeyCorp may issue, from time to time, Senior Medium-Term Notes, Series Q and Subordinated Medium-Term Notes, Series R.
  • TransDigm Group completes $400 million Senior Secured 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 an additional $400 million aggregate principal amount of 6.25% Senior Secured Notes due 2026.
  • TransDigm Group issues $1.1 billion Senior Secured NotesJones 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 $1.1 billion aggregate principal amount of 8.00% Senior Secured Notes due 2025 (the “Notes”).
  • Cleveland-Cliffs completes offers to exchange 6.375% Senior Notes and 7.00% Senior Notes issued by AK Steel CorporationJones Day represented Cleveland-Cliffs Inc. (“Cliffs”), a large vertically integrated producer of differentiated iron ore and steel in North America, in connection with its offers to exchange any and all 6.375% Senior Notes due 2025 and 7.00% Senior Notes due 2027 issued by AK Steel Corporation for the same aggregate principal amount of new notes issued by Cliffs’.
  • Cleveland-Cliffs completes offers to purchase for cash 7.625% Senior Notes and 7.50% Senior Secured Notes issued by AK Steel CorporationJones Day represented Cleveland-Cliffs Inc. ("Cliffs"), a large vertically integrated producer of differentiated iron ore and steel in North America, in its offers to purchase for cash any and all outstanding 7.625% Senior Notes due 2021 and 7.50% Senior Secured Notes due 2023 issued by AK Steel Corporation in connection with Cliffs’ acquisition of AK Steel Holding Corporation.
  • Cleveland-Cliffs issues $725 million of 6.75% Senior Secured NotesJones Day represented Cleveland-Cliffs Inc. ("Cliffs"), a large vertically integrated producer of differentiated iron ore and steel in North America, in connection with an offering of $725 million aggregate principal amount of 6.75% Senior Secured Notes due 2026.
  • KeyBank issues $700 million of Senior Bank NotesJones Day represented KeyBanc Capital Markets Inc. and the other agents, in connection with KeyBank National Association’s ("KeyBank") offering of $700 million aggregate principal amount of 1.250% Senior Bank Notes due March 10, 2023 in a transaction exempt from registration pursuant to Section 3(a)(2) of the Securities Act of 1933.
  • KeyBanc Capital Markets-led syndicate completes $800 million offering of 2.250% Senior NotesJones Day represented KeyBanc Capital Markets Inc., as lead-left book-running manager, together with the other underwriters, in KeyCorp's public offering of $800 million of 2.250% Senior Notes due April 2027 under KeyCorp's Medium-Term Notes Program.
  • Athersys establishes equity purchase facility for sale of up to $100 million of common stockJones 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.
  • TransDigm Group completes offering of $2.65 billion of Senior Subordinated NotesJones 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 $2.65 billion aggregate principal amount of 5.50% Senior Subordinated Notes due 2027.
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