Wiggin and Dana Advises UIL Holdings Corporation on $950 Million of Debt and Equity Financing

November 9, 2010


NEW HAVEN
– Wiggin and Dana LLP represented UIL Holdings Corporation in connection with UIL's recent issuance of $450 million of senior notes due 2020 and approximately $500 million of its common stock. Both offerings were publicly registered.

The notes were priced with a coupon of 4.625%. The shares of UIL's common stock were priced at $25.75 per share and are traded on the New York Stock Exchange. Morgan Stanley & Co. Incorporated, J.P. Morgan Securities LLC and Banc of America Securities LLC acted as book-running managers of both offerings.

UIL Holdings Corporation (NYSE:UIL), headquartered in New Haven, Connecticut, is the holding company for The United Illuminating Company, a regulated utility providing electricity and energy related services to 324,000 customers in the Greater New Haven and Bridgeport areas.

The Wiggin and Dana Securities and Capital Markets team was led by corporate partner Michael Grundei and associates William Kilgallen and Christian McNamara.

About Wiggin and Dana's Securities and Capital Markets Practice Group
The Wiggin and Dana Securities and Capital Markets Practice Group is broadly experienced in public offerings and private placements of securities, PIPE transactions, angel and venture capital financings, bond finance and other areas of equity and debt financing, as well as Securities Act and Exchange Act compliance. Our Securities and Capital Markets Group provides sophisticated, innovative and market-savvy counsel to NYSE, NASDAQ and Amex-listed companies, emerging companies, underwriters, venture capital firms and hedge funds.