September 9, 2019
Clifford Chance advises the dealers in the common stock offering for BNY Mellon Alcentra Global Multi-Strategy Credit Fund
Clifford Chance represented Morgan Stanley Smith Barney LLC and BofA Securities, Inc., as dealers, in connection with the offering of shares of common stock of BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund").
The Fund is a new unlisted, non-diversified, closed-end management investment company. The deal involved the sale of 2,652,001 shares of common stock at $100 per share for aggregate gross proceeds of $265,200,100.
The Firm's team was led by Capital Markets partners Clifford Cone and Jefferey LeMaster and included associates Matthew Press and Thomas Rossidis. Partner Avrohom Gelber and associate Sean Smestad advised on tax matters.