Betty Linkenauger Segaar

Betty represents issuers and underwriters in connection with all aspects of public and private securities offerings, with a significant portion of her work concentrated in regulated industries, including the energy and utility industries, and real estate investment trusts. She has substantial experience with registered debt offerings, common stock offerings (including forward sales of common stock and the establishment of “at-the-market” equity programs), preferred stock offerings, and debt equity hybrid securities offerings (and related remarketings), Rule 144A/Reg S debt offerings, PIPE transactions and other private placements, and municipal debt offerings. Her experience with a variety of capital markets transactions enables her to effectively counsel clients in connection with sophisticated transactions in complex securities.

Betty also regularly advises clients in connection with mergers and acquisitions, general corporate and securities law matters, including disclosure and reporting obligations, and corporate governance issues.

Capital Markets

Designated Underwriters’ Counsel

• Designated underwriters’ counsel for a Fortune 250 energy company and its operating subsidiaries.
• Designated underwriters’ counsel for a Fortune 500 energy company and its operating subsidiaries.
• Designated underwriters’ counsel for a Nasdaq-listed insurance company.
• Designated underwriters’ counsel for a Nasdaq-listed business development company.
• Designated underwriters’ counsel for a closed-end management investment company.

Issuer’s Counsel

• Represented a NYSE-listed specialty and e-commerce retailer in connection with at-the-market offerings of common stock.
• Represented a Nasdaq-listed retailer, franchisor operator, and acquirer of franchised and franchisable businesses in connection with public offerings of common stock and preferred stock.
• Represented a Nasdaq-listed bank holding company in connection with a public offering of depositary shares and a secondary offering of common stock.
• Represented a NYSE-listed coal company in connection with a common stock offering related to its acquisition of a competitor and an at-the-market common stock offering.
• Represented a Nasdaq-listed investment management company in connection with its initial public offering.
• Represented a Nasdaq-listed telecommunications company in connection with the spin-off of its $300 million wireline communications business into a new publicly traded company.
• Represented a Nasdaq-listed wireline communications company in connection with both primary and secondary common stock offerings.
• Represented a NYSE-listed medical device outsource manufacturer in connection with a Rule 144A convertible notes offering and the related capped call transactions.
• Represented a NYSE-listed electronic component manufacturer in connection with a Rule 144A convertible notes offering and the related capped call transactions.
• Represented a Nasdaq-listed technology company in connection with a PIPE transaction.
• Represented a Nasdaq-listed technology company in connection with a preferred stock private placement.

Issuer’s Counsel—REITs

• Represented a NYSE-listed real estate investment trust in connection with a registered preferred stock offering and a block trade of common stock.
• Represented a NYSE-listed real estate investment trust in connection with a forward sale of common stock.
• Represented a NYSE-listed real estate investment trust in connection with its underwritten public offering of notes and its related tender offer and redemption of outstanding notes.
• Represented a NYSE-listed real estate investment trust in connection with an at-the-market offering of common stock with a forward component.

Mergers and Acquisitions

• Represented a NYSE-listed coal company in connection with its $7.1 billion sale to a competitor.
• Represented a Nasdaq-listed owner and operator of franchised and franchisable businesses in connection with a going private merger transaction with an enterprise value of $2.6 billion.
• Represented a Nasdaq-listed wireline communications company in connection with its acquisition by a private equity fund for $950 million.
• Represented a NYSE-listed cash management, logistics, and payment solutions company in connection with its $520 million acquisition of a privately held cash management company.

Mergers and Acquisitions—REITS

• Represented a NYSE-listed real estate investment trust in connection with its merger of equals with another real estate investment trust, creating a combined company with an enterprise value of $7 billion.
• Represented the Special Committee of the Board of Directors of a Nasdaq-listed real estate investment trust in connection with its review of strategic alternatives.

Betty also routinely serves as counsel to underwriters and remarketing agents in publicly sold public finance transactions.

• Best Lawyers in America®: Ones to Watch: Corporate Law (2021-2026)
• Super Lawyers: “Rising Star” Virginia: Securities & Corporate Finance (2012, 2013, and 2021)