Chicago, IL. Nixon Peabody LLP advised American Transmission Company LLC (ATC) in connection with its offering of a $300 million aggregate principal amount of 5.750% Senior Unsecured Notes, in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended to eligible purchasers. The Senior Unsecured Notes were issued on March 16, 2026.
ATC is a Wisconsin-based utility that owns and operates electric transmission systems in portions of Wisconsin, Michigan, Minnesota and Illinois. As the first multi-state transmission-only utility, ATC currently owns and operates more than $6.5 billion in assets, including more than 10,000 miles of transmission lines and more than 580 substations.
Nixon Peabody's Securities & Capital Markets team advises clients in a variety of industries and geographies about the full spectrum of securities and corporate finance matters, guiding public and private companies, underwriters, and investors through public offerings, private placements, and complex equity and debt financings. Spanning sectors such as life sciences, media, real estate, and financial services, the team has served as lead counsel on more than 180 offerings, raising billions for clients through a collaborative, business-focused approach.
Corporate partners Gary Levenstein, Richard Langan, and Conrad Adkins led the Nixon Peabody team for the ATC transaction. The team included partners Patrick Cox, Robert Drobnak, Christian Hancey, and associates Andrew Pearce, Emily Pellegrini, and Jacalyn Smith.
