Kirkland & Ellis and Davis Polk have advised on Firefly Aerospace’s underwritten public offering of 12,000,000 shares of common stock at a public offering price of US$48.00 per share, raising approximately US$576 million.
The offering consisted of 4,000,000 shares offered by Firefly Aerospace and 8,000,000 shares sold by certain selling stockholders. The underwriters were also granted a 30-day option to purchase up to an additional 1,800,000 shares from the selling stockholders.
Firefly Aerospace is a space and defense technology company focused on launch, lunar and orbital services and is the first commercial company to achieve a successful moon landing.
Kirkland & Ellis advised AE Industrial Partners and its portfolio company Firefly Aerospace in connection with the offering.
The Kirkland capital markets team included Bob Hayward, Kevin Frank, Caleb Pilukas, Paul Kieffer and Amy Pestenariu. The corporate team included Matt Arenson, Jeffrey Swatzell, Elena Simion, Veronica Shen and Alanna Potter. Tax advice was provided by Rachel Cantor and Joe Morley. Debt finance advice was provided by Michelle Kilkenney, Carolyn Aiken, Chris Gambini and Mitchell Steeves.
Davis Polk advised the representatives of the underwriters in connection with the offering.
The Davis Polk capital markets team included Partners Michael Kaplan and Stephen A. Byeff, Counsel Steven Glendon and Associate Jenna Pedranti. Intellectual property advice was provided by Partner Frank Azzopardi and Associate Anne Kim. Tax advice was provided by Partner Patrick E. Sigmon and Associates Omar Hersi and Afrika Nora Owes. Environmental advice was provided by Counsel Michael Comstock.
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