Sunday - October 27, 2024
State Tipoffs Involving Massachusetts Newsletter for Saturday August 10, 2024 ( 8 items )  

Connecticut Light and Power Issues $300M Bond Offering
BOSTON, Massachusetts, Aug. 10 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray represented The Connecticut Light and Power Co., a subsidiary of Eversource Energy, in its $300 million registered offering of its First and Refunding Mortgage Bonds, 2024 Series B. Eversource operates New England's largest energy delivery system and serves approximately 4.4 million electric, natural gas and water utility customers in Connecticut, Massachusetts and New Hampshire. The deal tea  more

Foley Hoag Guides Cala Systems in $5.6M Seed Funding
BOSTON, Massachusetts, Aug. 10 -- Foley Hoag, a law firm, issued the following news: Foley Hoag represented Cala Systems, producer of the world's first intelligent heat pump water heater, in its $5.6 million seed funding. Massachusetts Clean Energy Center and Clean Energy Venture Group led the round, with participation from Burnt Island Ventures, Leap Forward Ventures, CapeVista Capital, and others. The company intends to use the funds to expand operations and its development efforts. Foley   more

Governor Healey Expands Protections for Victims of Sexual Assault by Health Care Providers
BOSTON, Massachusetts, Aug. 10 -- Gov. Maura Healey, D-Massachusetts, issued the following news release: Governor Maura Healey signed An Act criminalizing sexual assault by fraud of a medical professional. This legislation protects vulnerable individuals by ensuring that Massachusetts can prosecute health care professionals and clergy members who influence patients or clients to engage in sexual activity under the guise of treatment or counseling. "Health care and counseling environments shoul  more

Governor Healey Signs Bill Protecting Animal Welfare
BOSTON, Massachusetts, Aug. 10 -- Gov. Maura Healey, D-Massachusetts, issued the following news release: Governor Maura Healey signed An Act regulating the use of elephants, big cats, primates, giraffes and bears in traveling exhibits and shows, becoming the sixth state in the nation to pass similar legislation. This legislation bans the use of elephants, lions, giraffes and other animals in traveling acts like circuses. "For years, circuses have harmed the welfare of animals for the sake of e  more

Governor Healey Signs Parentage Act, Ensuring Equality for All Families in Massachusetts
BOSTON, Massachusetts, Aug. 10 -- Gov. Maura Healey, D-Massachusetts, issued the following news release: Governor Maura Healey signed an Act to ensure legal parentage equality, which updates the state's parentage laws for the first time in 40 years to make them more inclusive. This historic legislation ensures the rights and protections for parents who use surrogacy, in-vitro fertilization and assisted reproduction, while also updating the law to be more inclusive to LGBTQ+ parents. "Our laws   more

Luminar Restructures Existing Debt and Raises New Capital
BOSTON, Massachusetts, Aug. 10 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray represented a group of noteholders in connection with an exchange of $420 million of convertible notes into second lien secured convertible notes and the provision of $100 million of new first lien debt financing to Luminar. The transaction reduces Luminar's debt by $148 million and provides it with a maturity extension. The transaction was announced in an Aug. 6 press release. Luminar is a gl  more

Mayor Wu Announces New Dorchester Neighborhood Liaison
BOSTON, Massachusetts, Aug. 10 -- Boston Mayor Michelle Wu issued the following news on Aug. 9, 2024: Today, Mayor Michelle Wu announced Madison Foley as the new Dorchester Liaison in the Office of Neighborhood Services. The Office of Neighborhood Services is integral in connecting residents to City services and resources, facilitating resident input in all aspects of local government, ensuring the appropriate City departments respond to constituent service requests, attending neighborhood meet  more

Mintz Advises 6th Street on $500M Strategic Financing With Arrowhead Pharmaceuticals
BOSTON, Massachusetts, Aug. 10 -- Mintz, a law firm, issued the following news release: Mintz advised global investment firm Sixth Street in a strategic financing agreement with Arrowhead Pharmaceuticals, Inc. to fund innovation and growth opportunities across Arrowhead's pipeline of RNAi therapeutics. The $500 million senior secured credit facility includes $400 million funded at close with an additional $100 million available at Arrowhead's option, subject to mutual agreement between Sixth   more