DEAL ANNOUNCEMENT / PRESS RELEASE
November 21, 2025
Read time: 3 min
International law firm McDermott Will & Schulte represented BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Siebert Williams Shank & Co., LLC as joint book-running managers in an underwritten public offering of $500 million in 4.150% senior unsecured notes and $750 million in 5.117% fixed-to-fixed rate subordinated notes of Northern Trust Corporation (NASDAQ: NTRS). Academy Securities, Inc., Goldman Sachs & Co., LLC, Loop Capital Markets LLC, Morgan Stanley & Co. LLC, and Wells Fargo Securities, LLC were the co-managers for the offering.
The McDermott team was led by Eric Orsic and Dan Woodard and included Riley O’Farrell, Michael Boykins, Todd Solomon, and Dan Zucker.
Leading organizations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes. Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on our commitment of Always Better.
