Latham & Watkins Advises on Enviva’s Offering of Common Stock
Enviva Inc., the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source, has announced that it has priced an underwritten public offering of 4,300,000 common shares at US$70.00 per share. Enviva has granted the underwriters a 30-day option to purchase up to an additional 645,000 common shares from Enviva. The Offering is expected to close on January 24, 2022, subject to customary closing conditions.
Latham & Watkins LLP represents the underwriters in the offering with a capital markets deal team led by Austin/Houston partner Michael Chambers and New York partner Stelios Saffos, with New York associate Hana Nah and Houston associates Hunter Newell, Wole Oluborode, and Dylan White. Advice was also provided on tax matters by Houston partners Tim Fenn and Jared Grimley, with Houston associate Michael Rowe; and on environmental matters by Los Angeles/Washington, D.C. counsel Josh Marnitz.