Paul Hastings Represents the Underwriters in Dynegy Inc.’s $1.1 Billion Public Offerings of Common Stock and Convertible Preferred Stock

November 16, 2014

New York, NY- Paul Hastings LLP, a leading global law firm, represented the underwriters in connection with concurrent public offerings of $1.1 billion in common stock and convertible preferred stock by Dynegy Inc. (NYSE: DYN), a producer and distributer of electric energy, capacity and ancillary services in key U.S. markets.

The firm represented Morgan Stanley, Barclays, Credit Suisse, RBC Capital Markets and UBS Investment Bank as Joint Book-Running Managers and BNP Paribas, BofA Merrill Lynch, Credit Agricole CIB, Deutsche Bank Securities, J.P. Morgan, MUFG and SunTrust Robinson Humphrey as Co-Managers in connection with the public offering of 24,000,000 shares of Common Stock (including the exercise of an overallotment option of 1,500,000 shares of Common Stock) and 4,000,000 shares of 5.375% Series A Mandatory Convertible Preferred Stock of Dynegy Inc., resulting in aggregate gross proceeds of approximately $1,109,620,000.

It is anticipated that the proceeds of the equity offering, as well as senior notes issued by wholly owned subsidiaries of Dynegy Inc., will be used to finance acquisitions or for general corporate purposes. Dynegy Inc. recently announced its intention to acquire eleven power generation facilities and the retail energy business of Duke Energy Corporation and ten power generation facilities of EquiPower Resources Corp. and Brayton Point Holdings, LLC from Energy Capital Partners. Upon closing both acquisitions, Dynegy Inc. will own nearly 26,000 megawatts of generating capacity nationally.

Leveraged Finance partners Mike Michetti, Scott Saks and Joel Simon led the Paul Hastings team, which also included associates Jason Ewart, Melissa Muscat, Joe Fastiggi, Tahira Prince and Yian Huang.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.