Rule 144A Transactions

Summary

This practice note discusses transactions relying on the exemption from registration under the Securities Act of 1933, as amended (Securities Act), by Rule 144A under the Securities Act (17 C.F.R. § 230.144A). Rule 144A is frequently used by both U.S. and non-U.S. issuers to conduct offerings of debt securities in the United States without registration under the Securities Act.