A&O Shearman‘s leveraged finance practice advises a range of leading investment and commercial banks, financial institutions, direct lenders, and financial sponsors across various types of debt financings. The team is particularly well-equipped to advise clients on high-yield debt offerings, special situations lending and restructurings. Practice head Jake Mincemoyer leads the New York-based team and is equally capable of assisting lender-clients with both syndicated and private credit arrangements. The team also features Todd Koretzky, whose practice spans the syndicated loan and direct lending markets and ranges from middle-market to large-cap transactions. Joseph Furst is also a name to note, especially for his knowledge of cross-border commercial finance transactions. Ally de Padua was promoted to the partnership in 2023. Following the 2024 merger of A&O Shearman and Shearman & Sterling LLP, the practice now includes Gus Atiyah who is well versed at assisting equity and debt funds with raising fund-level financings; Michael Chernick whose versatile practice spans syndicated lending, direct lending and private credit fund work; Maura O’Sullivan whose expertise lies in cross-border financings and Frank Oliver who was promoted to partnership in July 2023. Joel Moss departed from the firm in March 2023.
Commercial lending in United States
A&O Shearman
Praxisleiter:
Jake Mincemoyer
Weitere Kernanwälte:
Todd Koretzky; Joseph Furst; Ally de Padua
Kernmandanten
Bank of America
Barclays
BMO Capital Markets
Citibank
Colfax Corporation
Credit Suisse
Deutsche Bank
Goldman Sachs
Jefferies
JPMorgan
Macquarie Capital
Morgan Stanley
MUFG
Nomura
RBC Capital Markets
Scotiabank
TD
Highlight-Mandate
- Advised Goldman Sachs Bank Europe SE as left lead arranger, administrative agent and collateral agent in connection with a term loan facility, a $60m term loan facility, and a €40m multicurrency revolving credit facility.
- Advising the lead arrangers and a consortium of local and international banks on the syndicated financing for KKR’s pending acquisition of a majority interest in the existing fiber optic networks of Telefónica and Entel Perú.
- Advised Goldman Sachs and UBS as lead arrangers and UBS as administrative agent on a $760m senior secured term loan for Citco Funding LLC, an affiliate of The Citco Group Limited, which refinanced the company’s existing TLA debt.
Akin
The global debt finance team at Akin regularly assists private equity investment funds as well as corporate borrowers with financing arrangements and cross-border debt restructurings. The team can be seen handling large-cap and middle-market acquisition financings and also regularly advises on asset-based facilities as well as bridge financings. The New York based practice is led by Jaisohn In, whose expertise primarily lies in special situation financings and private credit transactions. Scott Welkis and Chad Nichols left the firm in February and March 2023, respectively, while leveraged lending and distressed financing expert Catherine Goodall joined the team from Paul, Weiss, Rifkind, Wharton & Garrison LLP in February 2023 and fund financing specialist Corinne Musa arrived from Cooley LLP in May 2023.
Praxisleiter:
Jaisohn Im
Kernmandanten
Cinemark USA, Inc.
Vital Energy
Viper
Pan American Energy, S.L., Argentine Branch
Mammoth Energy Services
Preylock Holdings
Highlight-Mandate
- Advised Cinemark USA in the United States and Latin America in connection with obtaining a $650m term loan due 2030 and a $125m revolving credit facility due 2028 from a syndicate of lenders led by Barclays Bank PLC.
- Advised Vital Energy on its definitive agreements with Henry Energy LP, Henry Resources LLC, Tall City Property Holdings III LLC and Maple Energy Holdings, LLC to acquire assets in the Permian Basin.
- Advised Pan American Energy, S.L., Argentine Branch in connection with obtaining a $300m A/B loan due 2029 from the Andean Development Corporation.
Bracewell LLP
Based in Texas, the finance team at Bracewell LLP is active on both the borrower and lender sides of financing. The team is experienced at representing large energy companies and private equity funds investing in energy. Clients include foreign banks, US money center banks, large midstream companies and regulated utilities. The team is jointly led by practice heads Dewey Gonsoulin Jr who is active in energy financing, specifically credit facilities in the upstream energy sector; Heather Brown who is adept at handling restructurings and loan workouts in the energy sector; G Alan Rafte and Robin Miles . Another notable mention in the team is Jeris Brunette , whose expertise lies in corporate and project finance in the energy and power sectors.
Praxisleiter:
Dewey J. Gonsoulin, Jr.; Heather L. Brown; G. Alan Rafte; Robin J. Miles
Weitere Kernanwälte:
Jeris Diana Brunette; William Ebert; Leslie Hansen; Kenni Callahan; Rebecca Keep
Referenzen
‘Very experienced and practical – that makes them unique and in my top two to work with.’
‘Rebecca Keep and Robin Miles as a team are super responsive and practical. They have good experience and thus can judge matters in broad strokes quickly. Very easy to work with.’
Kernmandanten
Targa Resources Corp.
Competitive Power Ventures, Inc.
Drilling Tools International, Inc.
PPL Corporation
Pilot Water Solutions
Phillips 66
Kinder Morgan, Inc.
Chevron Phillips Chemical Company LP
Comfort Systems USA, Inc.
Crédit Agricole
MUFG Bank, Ltd.
JPMorgan Chase Energy
Wells Fargo Bank, National Association, N.A.
PNC Bank, National Association
Synovus Bank
Citibank
Highlight-Mandate
- Represented Targa Resources Corp. in a revolving credit facility for $2.75 bn, initially secured by substantially all assets of the borrower and its restricted subsidiaries.
- Advised Competitive Power Ventures in the financing of four operating wind farms in Maine acquired from Patriot Renewables and other project owners.
- Represented Kinder Morgan, Inc., as borrower, on (1) an amended and extended $3.5 bn unsecured revolving credit facility; and (2) an amended $500m unsecured revolving credit facility, both with Barclays Bank PLC, as administrative agent.
Cadwalader, Wickersham & Taft LLP
Cadwalader, Wickersham & Taft LLP advises a range of clients, including hedge funds, finance companies, insurance companies commercial and investment banks. On the leveraged finance and private credit side, the team typically handles leveraged finance acquisition financings, first and second lien financings, syndicated credit facilities and debtor-in-possession facilities. The team’s fund finance work features representation of agents, lead arrangers and lenders on a range of fund finance facilities. Jointly leading the team at practice head level is new addition to the team Ronald Lovelace from King & Spalding LLP, who focuses his practice on leveraged finance and other debt financings; New-York based Christopher McDermott who is knowledgeable of innovation and emerging technologies which impact financing transactions, such as blockchain technology; Wesley Misson is a key name for ESG facilities and commercial finance expert Jeffrey Nagle. Along with Lovelace, Joseph Polonsky, Patrick J. Yingling and Jared Zajac joined the team from King & Spalding LLP in February 2023. All lawyers mentioned are based in Charlotte unless otherwise stated.
Praxisleiter:
Ronald Lovelace; Christopher McDermott; Wesley Misson; Jeffrey Nagle
Referenzen
‘CWT are an exceptional team of lawyers and leaders in the industry at every level.’
‘The team have exceptional insight into the market and use this insight to the benefit of their clients and the transaction as a whole every time.’
Kernmandanten
Alternative Reference Rates Committee (“ARRC”)
Bank of America Corporation
Citibank
Cooperatieve Rabobank U.A., New York Branch (“Rabobank”)
JPMorgan Chase & Co.(“JPMorgan”)
Mitsubishi UFJ Financial Group, Inc. (“MUFG”)
Mizuho Financial Group, Inc. (“Mizuho”)
Société Générale
Sound Point Capital Management, LP(“Sound Point Capital”)
Wells Fargo Bank, N.A. (“Wells Fargo”)
Highlight-Mandate
- Advised the Alternative Reference Rates Committee in drafting recommended contractual fallback language for U.S. Dollar LIBOR denominated bilateral business loans and securitizations.
- Advised a group of joint lead arrangers including JPMorgan, Mizuho, MUFG, and Wells Fargo on the closing of five separate revolving credit facilities for Berkshire Hathaway Energy Company and its subsidiaries in an aggregate amount of up to $8bn.
- Advised MUFG as administrative agent, collateral agent, bookrunner and lead arranger on a $4.54bn senior secured uncommitted commodities borrowing base revolving credit facility for Trafigura.
Cahill Gordon & Reindel LLP
At Cahill Gordon & Reindel LLP, the New York-based banking and finance practice is well-regarded for its leveraged lending capabilities, regularly advising syndicated lenders and arrangers on high-value credit facilities for both corporate and private equity borrowers. Clients of the firm primarily include large international banking institutions such as Credit Suisse, J.P. Morgan, Citigroup and Morgan Stanley. The team has ample experience being instructed by banks involved in lending and underwriting, to assist with leveraged transactions. Sitting as part of the firm’s executive committee, James Clark jointly leads the practice alongside Adam Dworkin. Clark has significant experience representing major investment banks and corporations in capital market transactions, while Dworkin is a key name for leveraged finance. David Barash and Joshua Zelig departed the team in May 2023. The team meanwhile welcomed Joel Moss from Shearman & Sterling LLP to the practice in March 2023.
Praxisleiter:
James J. Clark; Adam Dworkin
Referenzen
‘Cahill is one of the long-standing leaders in the leverage loan market. It has long standing relationships with nearly all the key banks on the street.’
Kernmandanten
JPMorgan Chase Bank, N.A.
Morgan Stanley & Co. LLC
Credit Suisse
Deutsche Bank
Citigroup Global Markets Inc.
Wells Fargo Securities
UBS Securities LLC
Jefferies Finance LLC
Nomura Securities International, Inc.
Mizuho Bank, Ltd.
Truist Securities
Highlight-Mandate
- Advised the lead arrangers on credit facilities totaling approximately $6.725bn for Western Digital Corporation.
- Advised Linde plc and certain of its subsidiaries in connection with $6.5bn in credit facilities.
- Represented lead arrangers and administrative agents in connection with over $2.6bn in credit facilities for NCL Corporation Ltd. and Voyager Vessel Company, LLC.
Cleary Gottlieb Steen & Hamilton
Cleary Gottlieb Steen & Hamilton’s debt finance team in New York is adept at handling acquisition finance, syndicated and directly placed leveraged loans, investment grade revolving and term loans and asset-based facilities. The team is jointly led by Duane McLaughlin and Meme Peponis . Areas of expertise for Peponis include debt financings such as, leveraged loans and high-yield bonds. McLaughlin regularly handles bank lending and capital markets, representing investment grade and leveraged borrowers. Amy Shapiro is also a key member of the team, assisting private equity firms and their portfolio companies on financing matters, as well as financial sponsors in fund and management company financings. The team welcomed Kate Grimm from Davis Polk & Wardwell LLP in June 2023.
Praxisleiter:
Duane McLaughlin; Margaret (Meme) Peponis
Kernmandanten
Alphabet Inc.
Western Digital Corporation
Tempur Sealy International Inc.
HCA Healthcare Inc.
Honeywell International Inc.
Casey’s General Stores
Howmet Aerospace Inc.
Open Text Corporation
Belron
Artémis
Albany International Group
The Lenders to CEMEX
McCormick & Company
Voya Financial Inc.
Alcoa Corp.
Warburg Pincus
LATAM Airlines Group
Cushman & Wakefield
Sotera Health Company
Solesis
Cooley LLP
At Cooley LLP the debt finance team is regarded for its expertise in the life sciences and technology sectors. It has significant experience advising on capital call facilities for venture and private equity funds. Leading the team from San Francisco is practice head Mischi Marca. In New York, Patrick Flanagan is a key member of the team, regularly representing corporate borrowers, private equity firms and financial institutions on matters related to leveraged finance transactions. Washington DC-based Michael Tollini focuses his practice on acquisition finance, syndicated bank lending and structured finance. Cindy Lovering left the firm in August 2023.
Praxisleiter:
Mischi a Marca
Kernmandanten
Etsy, Inc.
Reata Pharmaceuticals
NETSTREIT Corp
Oberland Capital Management
Verrica Pharmaceuticals
SoundHound AI
Milestone Pharmaceuticals
X4 Pharmaceuticals, Inc.
Sprout Social, Inc.
Ocular Therapeutix, Inc.
Etsy, Inc.
Reata Pharmaceuticals
NETSTREIT Corp
Oberland Capital Management
Verrica Pharmaceuticals
SoundHound AI
Milestone Pharmaceuticals
X4 Pharmaceuticals, Inc.
Sprout Social, Inc.
Ocular Therapeutix, Inc.
Highlight-Mandate
- Advised Reata Pharmaceuticals on a $275m debt financing from funds managed by Pharmakon Advisors, LP and an amendment and restatement of its Development and Commercialization Funding Agreement with affiliates of Blackstone Life Sciences.
- Advised 1Life Healthcare in its $300m senior unsecured financing agreement with Amazon.com Services, LLC.
- Advised Etsy on its $400m senior secured revolving credit agreement agented by JPMorgan Chase Bank.
Cravath, Swaine & Moore LLP
Cravath, Swaine & Moore LLP‘s banking and credit practice is experienced at handling a range of lending transactions. The New York-based team is jointly led by George Zobitz, whose practice encompasses syndicated loans, direct lending transactions and securities; Tatiana Lapushchik who is a key name for leveraged and investment grade bank financings in the industrial, consumer, technology, media and oil and gas sectors; and Stephen Kessing who is well versed at representing borrowers across a range of industries and large financial institutions in a range of lending transactions. Matthew Kelly is also a valued member of the team with experience representing clients on both the lender and borrower side of financing. March 2023 saw the arrival of Korey Fevzi and Philip Stopford from Shearman & Sterling LLP.
Praxisleiter:
George Zobitz; Tatiana Lapushchik; Stephen M. Kessing
Weitere Kernanwälte:
Matthew Kelly
Kernmandanten
AerCap
Biogen
British American Tobacco
Cable One
First Solar
Genpact
Hasbro
HLS Therapeutics
Illumina
Kenvue
Occidental
Various financial institutions
Highlight-Mandate
- Represented AerCap, as borrower, in connection with $5.14bn of term loan facilities and a $200m revolving credit facility.
- Represented Kenvue, as borrower, in its $4bn revolving credit facility in connection with its separation from Johnson & Johnson.
- Represented Biogen, as borrower, in connection with $1.5 billion of credit facilities to finance the acquisition of Reata.
Davis Polk & Wardwell LLP
The New York-based finance team at Davis Polk & Wardwell LLP maintains a strong market presence on both the lender and borrower sides of commercial lending. It is well-equipped to handle large leveraged, investment-grade, bridge, LBO, private debt and recapitalization transactions. Practice heads James Florack, Jason Kyrwood and J.W Perry jointly lead the team. Florack is well regarded in the space for his expertise on credit-related transactions, as well as his assistance on large LBO financings. Kyrwood is well versed at representing lenders on significant investment-grade acquisition financings. Perry is a key name for transactions on the borrower/sponsor side and regularly handles leveraged acquisition and asset-based financings. Featured in the team is Nicholas Palumbo who has significant experience in structuring and negotiating direct lending and private credit transactions. Meyer Dworkin and Vanessa Jackson works with financial institutions and borrowers on a range of transactions. May 2023 saw the arrival of David Penna from Latham & Watkins LLP .
Praxisleiter:
James Florack; Jason Kyrwood; J.W Perry
Kernmandanten
Advent International
Atairos
Bain Capital
Bansk Group
BDT & MSD Partners
Bridgepoint Group
Brookfield Capital Partners / Brookfield Business Partners
CDPQ
Centerbridge Partners
Cerity Partners
Charterhouse Capital Partners
Cornell Capital
Crestview Partners
Elliott Investment Management
FSEP Investments
GHK Capital
GrowthCurve Capital
Hellman & Friedman
IDG Capital
KKR
Lightyear Capital
Madison Dearborn Partners
Metalmark Capital
Napier Park Global Capital
Oaktree Capital Management
Reverence Capital Partners
Sycamore Partners
Symphony Technology Group
Tailwind Capital
Trilantic North America
TruArc Partners
Ares Capital
Benefit Street Partners
Carlyle
Credit Suisse
JPMorgan
Jefferies
Golub Capital
Morgan Stanley
Oak Hill Advisors
Owl Rock Capital
Partners Group
Debevoise & Plimpton LLP
Clients highlight Debevoise & Plimpton LLP‘s finance team as a ‘top-market private equity finance practice’. Maintaining its stronghold in the borrower space, the team regularly handles syndicated bank loans, high-yield debt offerings, second lien financings and mezzanine capital investments. The New York-based team is led by practice head Jeffrey Ross who is adept at advising on major acquisition and leveraged financings, including Discovery’s acquisition of WarnerMedia. The team is ably supported by ‘stand-out partners‘ Ryan Rafferty and Scott Selinger who are both experienced in syndicated bank loan and high-yield bond transactions. Ramya Tiller is also highlighted as a key member of the practice, handling a broad range of acquisition transactions, including fund finance and alternative capital transactions.
Praxisleiter:
Jeffrey E. Ross
Referenzen
‘The team has good knowledge of the practice area, coordinates well with other practice areas, is always available on short notice, and is proactively thinking about how issues will impact us and our facts.’
‘Working with Jeff Ross the last 6+ years has been great. He has been a true “partner” with us in navigating issues to resolution and solving them before they get out of hand. Jeff has managed the minor transitions on the team over that period well and keep them up to speed and on task. He is very helpful in understanding issues and is able to explain to decision makers who are less experienced in the technical aspects effectively.’
‘The Debevoise team is thoughtful, creative and commercial. They are smart, market savvy and intellectually flexible. They have a top-market private equity finance practice.’
Kernmandanten
Aludyne
Astra Capital Management
Blackstone Group
Booz Allen Hamilton
BrandSafway
Caresteam
Carlyle Group
Cerberus Capital Management
Citrix
Clayton, Dubilier & Rice
Cloudera
Cornerstone Building Brands
CPPIB
Crescent Capital Group
Cyanco
EMTEC
Evergreen Coast Capital Corp.
Five Arrows
Focus Financial
Gentiva
Gogo
HarbourVest
Indicor
Inovar Packaging Group
Kelso & Company
KKR
Morgan Stanley Investment Management
Providence Equity
Pursuit Aerospace
Savant Capital
Stone Point Capital
Syniverse Holdings
TPG
Warner Bros. Discovery
Warner Music Group
White Cap Supply
Highlight-Mandate
- Acted as sponsor counsel on the take private of Morrisons, the supermarket chain in the UK and advised Clayton, Dubilier & Rice (“CD&R”) on the financing aspects of its £7bn recommended cash offer for Morrisons.
- Advised TPG (NASDAQ: TPG) in its acquisition, alongside AmeriSourceBergen Corporation (NYSE: ABC), of OneOncology from General Atlantic.
- Advising Clayton, Dubilier & Rice and Stone Point Capital in the financing aspects of its acquisition of Focus Financial Partners Inc. (NASDAQ: FOCS) at an enterprise value of approximately $7bn.
Dechert LLP
The global finance practice at Dechert LLP is commended for its ‘especially deep knowledge of fund finance and asset management firm financing’. The team advise on both the lender and borrower side, advising lenders, borrowers, issuers, equity investors, sponsors, financial advisors and agents. Areas of strength include alternative financing, acquisition finance and direct lending. At practice head level, the team is jointly led by Jay Alicandri, Scott Zimmerman and Laura Swihart from the New York office, alongside John Timpero from the Charlotte office. Angelina Liang also features as a strong member of the team.
Praxisleiter:
Jay Alicandri; Scott Zimmerman; John Timperio; Laura Swihart
Referenzen
‘Great leadership at partner level. Commercial approach. Especially deep knowledge of fund finance and asset management firm financing.’
‘Jay Alicandri – very knowledgeable, yet commercial and approachable; great leadership – Angelina Liang – very knowledgeable and precise; up-and-coming leader – Ed Newlands – very knowledgeable and commercial; up-and-coming leader’
‘Dechert is the goliath of law firms in US middle market leveraged finance facilities to funds, separate accounts and BDCs. With their overwhelmingly dominant share of the market, they see the vast majority of deals. Not only are they excellent, intimately knowledgeable and responsive, but they also know the latest terms that borrowers and lenders are agreeing to, which is highly valuable in a negotiation. ’
Kernmandanten
Axos Bank
Barings
BC Partners
Blackstone
Blue Owl Capital, Inc.
Cerberus
Centre Partners
Court Square Capital Partners
Deutsche Bank
FS Investments
GIC
GCM Grosvenor
Graham Partners
ING Capital
Liberty Lending
MiddleGround Capital
Moore Capital
Morgan Stanley Bank
One Equity Partners
Pretium Partners
Raymond James
Santander
Sterling Investment Partners
Thoma Bravo
Axos Bank
Barings
BC Partners
Blackstone
Blue Owl Capital, Inc.
Cerberus
Centre Partners
Court Square Capital Partners
Deutsche Bank
FS Investments
GIC
GCM Grosvenor
Graham Partners
ING Capital
Liberty Lending
MiddleGround Capital
Moore Capital
Morgan Stanley Bank
One Equity Partners
Pretium Partners
Raymond James
Santander
Sterling Investment Partners
Thoma Bravo
Highlight-Mandate
- Advised Blackstone Alternative Credit Advisors and its subsidiaries and joint ventures in more than 22 individual financings transactions totaling over $25bn, including asset-based financings, rated and unrated structured financings, unsecured issuances and other bespoke financing transactions notable for innovative structuring at various levels of the capital structure.
- Represented KKR in connection with more than 22 individual financing transactions in the past year totaling over $11bn, including asset-based facilities, rated notes issuances, repurchase transactions and other innovative structures.
- Represented Energy Harbor Corp., a Delaware corporation, in connection with Vistra Corp.’s $6.33bn acquisition and related financing of the Company.
Eversheds Sutherland
Positioned on the lender and borrower side, the Atlanta-based practice at Eversheds Sutherland is well-equipped to handle matters related to acquisition finance, bank lending, asset finance, insurance finance, project finance and structured finance. Specific sectors of expertise include, financial services, transportation, telecomms, energy, infrastructure, agribusiness and real estate. Peter Fozzard has significant experience representing electric generation and transmission cooperatives, renewable energy developers and corporate borrowers. Fozzard jointly leads the practice alongside Christina Rissler whose sought after expertise includes matters related to interest rates that are transitioning, such as CDOR and BSBY. The team is ably supported by Shawn Rafferty who is highlighted for his expertise in equipment financing, as well as aviation finance.
Praxisleiter:
Peter Fozzard; Christina Rissler
Kernmandanten
Georgia Transmission Corporation
Oglethorpe Power Corporation
Brazos Electric Power Cooperative
Georgia Transmission Corporation
Oglethorpe Power Corporation
Brazos Electric Power Cooperative
Highlight-Mandate
- Advised Georgia Transmission Corporation on various commercial lending matters, including the amendment, extension and upsizing of a bilateral $425m revolving credit facility with CoBank, ACB.
- Represented Oglethorpe in (i) the registration of $500m of the series 2022 A Bonds, (ii) a secured term loan with the Federal Financing Bank guaranteed by the Rural Utilities Service in the aggregate amount of circa $234m, and (iii) the amendment of a syndicated $1.21bn revolving credit facility led by National Rural Utilities Cooperative Finance Corporation.
- Advised Brazos and its Board on many crucial aspects of its voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, which ultimately resulted in a highly favorable settlement in Brazos’ favor.
Freshfields Bruckhaus Deringer LLP
With a stronghold in the borrower side, Freshfields Bruckhaus Deringer LLP’s leveraged finance practice is a popular choice among private equity firms, investment firms and corporate borrowers. Its work includes a range of debt financing matters, including syndicated and private credit financings, as well as recapitalizations and incremental debt raises. The New York-based team has significant experience handling debt financings and borrower-side acquisition financings. The practice is jointly led by Allison Liff who bolsters the team’s sponsor-side capabilities in leveraged finance; Kyle Lakin who focuses his practice on corporate financing, leveraged financing and restructuring transactions.
Praxisleiter:
Allison Liff; Kyle Lakin; Damian Ridealgh
Referenzen
‘Thoughtful, thorough and timely advice provided on our transaction – Very commercial approach in advice given, with complicated stakeholder and counterparty dynamics – Pleasure to work with; incredibly hard working.’
‘Damian Ridealgh: thoughtful, thorough, commercial approach, hardworking and pleasure to work with / HT Flanagan: all characteristics described above – thoughtful, thorough, commercial approach, hard working and pleasure to work with’
‘They have recently hired and have proven time and time again that they have the level of depth, skill and experience to be able to contend with the most complex of matters in the most pressured situations and yet deliver fantastic results. ’
Kernmandanten
CVC Capital Partners and various of its portfolio companies, including Ontic and Webpros
Sonoco Products Company
PhenomeX
TriNet Group, Inc.
Barclays
Vesta Corporation
Coupa Software Incorporated
The committee of independent directors of the board of Qualtrics
Schenk Process Group / Blackstone
Vitruvian
An ad hoc group of private credit funds led by Angelo Gordon, Cross Ocean Partners, Davidson Kempner and Hayfin Capital Management
Sixth Street Partners
Fried, Frank, Harris, Shriver & Jacobson LLP
Fried, Frank, Harris, Shriver & Jacobson LLP‘s New York-based lender-side practice is well regarded for its work with investment vehicles and lenders in fund-level financings and manager loans, as well as arranging leveraged and investment-grade transactions on behalf of commercial and investment banks. On the borrower side, the team is praised as ‘well versed in the borrower side of syndicated debt.’ J Christian Nahr heads up the practice, which benefits from his expertise handling syndicated facilities, private credit transactions and recurring revenue lending in a technology-focused context. Capital markets expert Daniel Bursky features in the team, focusing his practice on securities and leveraged finance practices. Mark Hayek provides a focus on high-yield debt and leveraged loans, while Adam Summers is an expert at handling credit and capital markets transactions.
Praxisleiter:
J. Christian Nahr
Referenzen
‘This firm has tremendous experience in leverage finance and is the perfect balance of experience and size. It is not one of these super-sized firms where you will struggle to get personalized attention. At Fried Frank, you will get personal attention from an expert from day one to the closing.’
‘Meredith Mackey is a star. She delivers honest, clear advice to her clients – always guiding them to the best solution.’
‘The Fried Frank Commercial Lending team is very well versed in the borrower side of syndicated debt. They understand the industry inside out and understand how to get the best terms based on current market conditions. They are efficient, smart, and hard working. The fees are very high and the total costs for their work is often very expensive. However, they do deliver high quality work.’
Kernmandanten
Lytx
T-Mobile
Humana
EmeraldX
Sterling Infosystems
Madison Realty Capital
Privia Health Group
The Know Worldwide
Melissa & Doug
Permira Advisers
Motus Group
Morgan Stanley
Royal Bank of Canada
Highlight-Mandate
- Represented Humana Inc in connection with its senior unsecured (i) Fifth Amended and Restated 5-Year Revolving Credit Facility, providing a revolving credit facility in the aggregate principal amount of $2.5m and (ii) a new 364-Day Revolving Credit Agreement, providing a revolving credit facility in the aggregate principal amount of $1.5m and replacing the prior 364-Day facility.
- Acted as counsel to The Knot Worldwide Inc., a portfolio company of Permira Advisors, LLC, in connection with a refinancing of its existing credit agreement.
- Acted as counsel to Emerald X, Inc. and its affiliates in connection with a Sixth Amendment to its Amended and Restated Credit Agreement, which amended, inter alia, the reference rate applicable to revolving loans from LIBOR to Term SOFR, extended the maturity date of the outstanding term loans, and made certain other amendments to basket sizes and lender protective provisions.
Gibson, Dunn & Crutcher LLP
Recognized for its private equity and borrower-side expertise, the global finance team at Gibson, Dunn & Crutcher LLP regularly handles sponsor-backed leveraged acquisition financings, investment grade facilities and fund financings. Restructuring related finance remains an area of strength for the team and sees the team regularly representing first lien lender groups. At the head of the practice are New York-based Doug Horowitz and Aaron Adams, with Linda Curtis based in the Los Angeles office. Horowitz is a key name for traditional syndicated and private credit acquisition financings, while Adams is well versed at handling senior credit facilities, note offerings, asset-based financings, as well as mezzanine financings. New addition Chad Nichols joined the Houston team in March 2023 from Akin, providing particular expertise in the energy industry.
Praxisleiter:
Doug Horowitz; Aaron Adams; Linda Curtis
Weitere Kernanwälte:
Chad Nichols
Referenzen
‘As smart as there is in leverage finance.’
‘Doug Horowitz is as good as it gets. the most technically proficient lawyer in his field he is also commercial practical and has exceptional judgement.’
Kernmandanten
Elliott Investment Management L.P.
Veritas Asset Management LLP
Xylem Inc
Aurora Capital Partners
California Pizza Kitchen
The Williams Companies, Inc.
BioCryst Pharmaceuticals, Inc.
Royalty Pharma
Highlight-Mandate
- Advised Syneos Health, Inc on the pricing of $1bn of senior secured notes, allocating $2.7bn of term loans, and a $500m revolving credit facility.
- Represented Veritas Funds in connection with obtaining commitment and then the loan and security documentation, in each case for the $1.35bn debt financing used to purchase the global Wood Mackenzie business from Verisk with the overall transaction value exceeding $3.1bn.
- Represented Evergreen Coast Capital Corporation, an affiliate Elliott Investment Management L.P. and a private equity consortium in the $16bn acquisition of Nielsen Holdings plc.
Goodwin
The debt finance team at Goodwin is widely recognized for its experience representing borrowers in middle market private equity-backed loans and middle market institutional loans. Areas of expertise include matters related to the healthcare, life sciences and technology sectors. Fund finance is also included as one of the team’s key areas of work. Specializing in acquisition finance, syndicated credit facilities and junior capital, Jennifer Bralower leads the practice from the New York office. Also in the New York office, Nick Caro is highlighted his experience handling a range of credit facilities, including asset-based revolving credit facilities and senior secured credit facilities. In California, Kristopher Ring works on a range of private borrower side debt transactions.
Praxisleiter:
Jennifer K. Bralower
Referenzen
‘Client centric, great customer service and advice provided. Fast and efficient, reliable service’
‘The Goodwin team provides valuable timely advice on complex transactions. They are always amnenable to setting and sticking to budgets. You never feel that a routine call well end up costing you 5 figures. They are a firm you can trust. ’
‘Ana Dodson is a seasoned pro. She understands our needs, our culture and out risk tolerance. She goes above and beyond to get us the fairest deal. ’
Kernmandanten
Accel-KKR
Bregal Sagemount
Charlesbank Capital Partners
JMI Equity
TA Associates
Webster Equity Partners
Thoma Bravo
Highlight-Mandate
- Advised Royalty Pharma in connection with a royalty monetization transaction with Ionis Pharmaceuticals, Inc. whereby Royalty Pharma acquired a royalty interest in Ionis’ royalty in Biogen’s SPINRAZA and Novartis’ pelacarsen for an upfront payment of $500m plus up to an additional $625m in payments based upon reaching certain milestones for a potential total value of up to $1.125bn.
- Advised iRobot Corporation in connection with a $200m senior secured term loan financing.
- Advised TripAdvisor in connection with its $500m revolving credit facility arranged by JPMorgan Chase.
Jones Day
Underpinned by a global reach, the commercial lending team at Jones Day is a popular choice for its ability handle cross-border financial transactions. The team’s remit also covers litigation and investigations for financial institutions, as well as a strong restructuring and reorganization offering. Based in the New York office, Brett Barragate jointly leads the practice alongside Rachel Rawson from the Boston office. Barragate’s practice encompasses debt facilities and the purchase and sale of financial assets, while Rawson is highly skilled at handling leveraged buyouts for private equity funds. In the Cleveland office, Kevin Samuels is highlighted for his expertise in leveraged finance transactions, asset-based financings and acquisition-related facilities in a cross-border context.
Praxisleiter:
Brett P. Barragate; Rachel L. Rawson
Kernmandanten
Cleveland-Cliffs, Inc.
KeyBank National Association
PNC Bank, National Association
PolyOne Corporation (n/k/a Avient Corporation)
Santander Bank, N.A.
The Riverside Company
The Timken Company
TransDigm Inc.
WESCO International, Inc.
J.P. Morgan Chase
U.S. Bank National Association
ACI Worldwide, Inc.
CITGO Petroleum
Kaiser Aluminum Corporation
Nutrien Ltd.
OGE Energy Corp.
Wells Fargo
Highlight-Mandate
- Advised PNC Bank, National Association, as administrative agent on a $405m senior secured revolving credit facility provided to a designer and manufacturer of adaptable workplace furniture, seating, and storage that serves markets in more than 120 countries.
- Represented Diebold Nixdorf, Inc. in its capacity as borrower, and the other debtors, in their capacities as guarantors, on a $1.25bn senior secured superpriority debtor-in-possession term loan credit facility.
- Advised Citibank, N.A. as left lead arranger and administrative agent on a $400m unsecured multicurrency revolving credit facility provided to Deckers Outdoor Corporation.
Katten
With a strong focus on private credit, the team at Katten is a popular choice among clients in the entertainment, healthcare, insurance, retail, sports and technology sectors. It is well equipped to handle a range of transactions involving cash flow and asset-based financings, as well as mezzanine and unitranche financings. The Chicago-based practice is led by Michael Jacobson, whose expertise lies in financings involving companies in the healthcare, technology, sports and entertainment sectors. Jennifer Wolfe supports the team, regularly handling acquisitions, leveraged buyouts and recapitalization transactions. Forming part of the Los Angeles office, Glen Lim and Jan Harris Cate represent lenders in range of commercial finance transactions. Erinn Sheppard left the firm in August 2023.
Praxisleiter:
Michael Jacobson
Kernmandanten
Apogem Capital LLC
Ares Capital Corporation
Balance Point Capital
Comvest Credit Partners
Crescent Capital
Golub Capital
Maranon Capital
Highlight-Mandate
- Represented Capital One as lender in relation to a credit agreement involving Coty B.V. The deal involved $1.67bn refinancing revolving commitments as well as €300m of Euro refinancing revolving commitments.
King & Spalding LLP
King & Spalding LLP handles both private credit lending, along with traditional bank lending, as well as borrower-side financing. At practice head level, the team is jointly led by New York-based Todd Holleman who is the name for private credit lending and special situation investing; Amy Peters who is experienced at handling credit facilities related to leveraged acquisitions, recapitalizations and loan workouts from the Chicago office; Carolyn Alford who forms part of the Atlanta offering, regularly handling large term loans and revolving facilities; and Jennifer Daly in New York acts a lead counsel for private credit lenders, especially in the context of rescue financing and distressed lending.
Praxisleiter:
Todd T. Holleman; Amy Peters; Carolyn Z. Alford; Jennifer E. Daly
Kernmandanten
Evolent Health LLC
Mammoth Holdings, LLC
Tenex Capital Management
Trive Capital Management
Vericel Corporation
Barclays Bank PLC
Blackstone Credit
Blue Torch Capital
Capital One
Cerberus
Churchill Asset Management
Citizens Bank
Crescent Capital Group LP
Golub Capital Markets LLC
GSO Capital Partners, LP
HPS Investment Partners, LLC
KKR Credit Advisors
J.P. Morgan Chase Bank
M&T Bank
Mizuho Bank
Monroe Capital Management Advisors, LLC
New Mountain Capital
One Investment Management
Paceline Equity Partners
Platte River Equity
RBC Capital Markets, LLC
Regions Bank
Sound Point Capital
Tree Line Capital Partners
Truist Bank
Varagon Capital Partners Agent, LLC
Webster Bank, National Association
Wells Fargo
Whitehorse Capital Management, LLC
Wilmington Trust
Highlight-Mandate
- Represented Vericel Corporation as borrower of an up to $150m senior secured revolving credit facility from JPMorgan Chase Bank and others.
- Advised Tenex Capital Management and one of its portfolio companies, Hub Pen Company, LLC, on obtaining (i) a first lien secured credit facility consisting of a $165m term loan and a $20m revolver facility.
- Assisted Mammoth Holdings, LLC, a portfolio company of Red Dog Equity, with obtaining a $550m senior secured credit facility agented by Bank of Montreal.
Kirkland & Ellis LLP
With a strong footing in the borrower side, the practice at Kirkland & Ellis LLP has significant experience handling leveraged buyouts, restructurings and stand-alone financings. The group is also equipped to handle debtor-in-possession financings, exit financings and debt restructurings, as well as infrastructure, energy and project finance transactions. The practice is a popular choice among private equity funds and their portfolio companies in syndicated finance transactions. The team’s wide bench of key figures includes New York-based Melissa Hutson whose practice focuses on syndicated debt facilities and debt commitments and highly regarded Jay Ptashek. Forming part of the Chicago offering, Michelle Kilkenney represents private equity groups and commercial lending institutions in a range of debt financing transactions and Maureen Dixon whose expertise lies in leveraged buyouts, take-private transactions and asset-based financings.
Weitere Kernanwälte:
Melissa Hutson; Jay Ptashek; Michelle Kilkenney; Maureen Dixon
Kernmandanten
American Securities
Bain Capital
Bed Bath & Beyond
Blackstone/Alight Solutions
Canada Pension Plan Investment Board (CPP Investments)
Civitas Resources Inc
Francisco Partners/Blackstone
GTCR
L Catterton
Madison Dearborn Partners
Mark Neko Sparks (Neko Sparks)
Oaktree Capital Management
Oak Street Real Estate Capital
Patient Square Capital
Sycamore Partners
TA Associates
The Jordan Company
Thoma Bravo
Tupperware Brands Corporation
Vista Equity Partners
Latham & Watkins LLP
Banking powerhouse Latham & Watkins LLP is commended by clients on both the lender and borrower sides, with one noting that its ‘legal knowledge is robust and informed by significant experience in the space.’ On the lending side, it represents the large traditional banks on leveraged and acquisition financings, as well as direct lenders, in the form of non-bank financial institutions and debt funds. Its deep expertise fully equips the team to handle large unitranche financings in the billion-dollar range. Other areas of expertise include its work with sponsors and their portfolio companies on liability management financing transactions. On the borrower side, the team works with major corporation on a range of borrower-side financings. At practice head level, the New York office includes Daniel Seale who is skilled at handling acquisition financings and is highly regarded in the direct lending market; Alfred Xue who is a key name for traditional bank lenders and direct lenders on cross-border financings and Joshua Tinkelman who is highlighted for his work handling leveraged buyouts. Also forming part of practice head offering is Jason R. Bosworth in Los Angeles and Jason M. Licht in Washington DC. The team is ably supported by Michèle Penzer in New York who handles acquisition and project financings, along with Corey Wright and Lisa Collier who are also New York-based. Manu Gayatrinath is also highlighted as a notable member of the team. Jennifer Ezring joined the New York office from Cahill Gordon & Reindel LLP in October 2023.
Praxisleiter:
Daniel Seale; Jason Bosworth; Alfred Xue; Joshua Tinkelman; Jason Licht
Weitere Kernanwälte:
Jesse Sheff; Michèle Penzer; Corey Wright; Lisa Collier; Jennifer Ezring; Manu Gayatrinath
Referenzen
‘This team at Latham & Watkins, led by Stelios Saffos, is truly the best on the street. The level of client service that they provide is above and beyond that of any of their peers. Their legal knowledge is robust and informed by significant experience in the space. They have great relationships with both lenders and borrowers / sponsors, which is a true asset in the negotiation process. The large amount of deal flow that they see ensures that they are always on top of the most recent technology in the market. ’
‘Stelios Saffos is simply the best lawyer with whom I have ever worked. His ability to be personally involved in each and every deal is impressive. He has also built a team around him that are equally competent and focused on client service. Beyond his legal acumen, Stelios is also excellent at connecting individuals and institutions across wall street. This is certainly above and beyond what most lawyers do and is additive to any lender’s experience. ’
‘The Latham Team is a full-service team utilizing multiple Partners’ expertise when necessary and in an efficient manner while having a seamless interaction between partner and associate. They are incredibly knowledgeable on all things debt and are incredibly well ordered when working for us. ’
Kernmandanten
The Walt Disney Company
Wolfspeed
Chesapeake Energy
Permian Resources Operating
Caesars Entertainment Corporation
Blackstone Infrastructure Partners
American Airlines
Domtar Inc.
Xenia Hotels & Resorts, Inc
Lyft
Farfetch US Holdings, Inc
JOANN Inc.
Veritext
Tapestry, Inc
Evertec
Royal Bank of America
Goldman Sachs
Wells Fargo
Blackstone Infrastructure Partners
Antares Capital
Blue Owl Credit
Barclays Bank
Capital One
Apogem Capital LLC
JP Morgan
Ares Management
TD Bank
Highlight-Mandate
- Advised The Walt Disney Company on a large, $5.25bn investment grade revolving credit facility used to refinance existing debt.
- Advised Wolfspeed on a term loan and secured notes facility that amounted to a total of $4bn.
- Advised Chesapeake Energy on a $4.0bn reserve-based credit facility.
Mayer Brown
Mayer Brown‘s ‘unmatched‘ practice handles investment-grade and leveraged lending transactions, as well as several fund finance facilities and debt restructurings. Practice heads Matt O’Meara and Kiel Bowen co-head the practice from the Chicago and Charlotte offices, respectively. Notable names from the Chicago office include Christopher Chubb, who has significant experience handling matters relating to specialty lending fields, such as ESOP, gaming, healthcare and franchise lending and Fred Fisher who regularly works with private equity finds and corporates on debt facilities and leveraged acquisition financings. Forming part of the New York offering, Adam Paul is a key name for corporate lending, while Scott Zemser has significant experience in leveraged finance.
Praxisleiter:
Matt O’Meara; Kiel Bowen
Referenzen
‘MB’s Fund Finance Team is the best in the business. Their advisory of current market standards and ability to articulate the nuances of its credit agreements is unmatched. They also have the deepest bench. There are 5th and 6th year associates on their team that I would prefer to Partners at other firms. Finally, their Senior Partner, Kiel Bowen is always available to weigh in and much more accessible to the client.’
‘Ultimately it comes from the top with Kiel Bowen. Best in class.’
Kernmandanten
Nissan Motor Acceptance Company LLC
GWG Holdings
Blackstone GSO Capital
BNP Paribas
Citizens Bank N.A.
Commvault Systems, Inc.
Monroe Capital Management Advisors, LLC
Mizuho
Ready Capital
RBC Capital Markets
Sumitomo Mitsui Banking Corporation
Truist Bank
Highlight-Mandate
- Represented Nissan Motor Acceptance Company LLC, as borrower, in connection with a $2.4bn syndicated senior credit facility.
- Represented joint bookrunner, in connection with a $1.2bn financing to Robert Bosch Finance LLC, guaranteed by Robert Bosch GmbH, a German multinational engineering and technology company. The financing was made available in the form of a senior unsecured delayed draw term loan.
McDermott Will & Emery LLP
Maintaining a strong footing on the lender side, McDermott Will & Emery LLP‘s banking and finance practice offers expertise in leveraged finance, alternative lenders, high-yield financings and restructurings. The team is a popular choice among healthcare providers and investors in the healthcare sector. Jointly leading the practice is respected transactional advisor, Michael Boykins who routinely handles insurance industry financings and venture capital transactions; Stephanie McCann whose broad practice encompasses acquisition financings, recapitalizations and loan workouts; and Los Angeles-based Gary Rosenbaum who is a key name for matters relating to the healthcare, life sciences, technology, TMT and manufacturing sectors. All lawyers mentioned are based in Chicago, unless stated otherwise.
Praxisleiter:
Michael Boykins; Stephanie McCann; Gary Rosenbaum
Referenzen
‘Team has good experience in working with PE groups, as such no need to educate them on many things germane to our transactions. In addition, they have the full complement of legal specialists to deal with things such as tax, employment, ERISA, healthcare.’
‘Josh Samis has significant experience working with a variety of lenders. As such, he has keen insights on 1) what he views as market and 2) what existing lender has allowed in other transactions. In addition, the debt deal team are extremely customer-focused and promptly respond to our questions. ’
Kernmandanten
A.M. Castle & Co.
Alter Domus (US) LLC
American Builders & Contractors Supply Co., Inc. (ABC)
Amulet Capital Partners
AUA Private Equity Partners
Cedars-Sinai Health System
Comvest Partners
Cresco Labs, LLC
Ewing Irrigation
Gemspring Capital Management, LLC
H.I.G. Capital
Hidden Harbor Capital Partners
HCI Equity Partners
JPMorgan Chase Bank, N.A.
Linden Structured Capital Fund, LP
Lindsay Goldberg
Martis Capital
Mat Ishbia
MidCap Financial Services
Monroe Capital LLC
NationsBenefits Holdings, LLC
Nautic Partners, LLC
New Harbor Capital Management
NMS Capital Group
Oxford Finance LLC
PGX Holdings, Inc.
Premier Inc.
Pura Vida Investments, LLC
Revelstoke Capital Management LLC
Ridgemont Equity Partners
The Sterling Group
TriplePoint Capital LLC/ TriplePoint Venture Growth BDC Corp
True West Capital Partners, LLC
TPG Growth
Voyager Interests
Waypoint Capital
Wellspring Capital Management LLC
Whitehorse Capital Management, LLC
WindRose Health Investors
Highlight-Mandate
- Represented American Builders & Contractors Supply Co in the structuring, negotiation, documentation, and execution of an amendment to its senior secured asset-asset based credit facility with Bank of America, N.A as agent for the lenders.
- Represented H.I.G. Capital in connection with the structuring, negotiation, documentation and execution of secured term, revolving and delayed draw term loans with Macquarie Capital Funding LLC and Stifel Bank & Trust.
- Represented Lindsay Goldberg in connection with the structuring, negotiation, documentation and execution of a senior secured term and revolving loan with Monroe Capital and Kayne Anderson.
McGuireWoods LLP
McGuireWoods LLP‘s debt finance team includes leading banks such as Bank of America and Wells Fargo in its client roster, regularly handling investment grade, leveraged, middle market and troubled credit profiles. The practice is also highlights for its ‘unparalleled knowledge of the sports finance sector for bank lenders‘, as well as for its experience handling ABLs and matters related to the healthcare finance industry. Practice head Kevin McGinnis is a key name in the Charlotte office for his extensive experience handling credit facilities in the context of professional sports franchises. The team is ably supported by Don Ensing in the Chicago office whose expertise lies in the healthcare and energy sectors. June 2023 saw the departure of Hamid Namazie.
Praxisleiter:
Kevin McGinnis
Weitere Kernanwälte:
Gerum Yilma; Peter Butcher; Don Ensing; Allan Holliday; Penny Zacharias
Referenzen
‘Unparalleled knowledge of the Sports Finance sector for bank lenders; is able to very easily decipher differences between cross border law which is exceptionally important; articulates the differences very well which makes them a joy to work with ’
‘Alan Holliday – tireless work ethic, ease of business, articulates issues with ease and is able to work with client counsel very well. ’
‘I have worked with the attorneys of McGuireWoods, LLP in Charlotte, NC for several years now and definitely one of the best law firms. The attorneys are quick to draft up loan documents, always available for any questions and are up to date on the various bank laws that are constantly changing. ’
Kernmandanten
Bank of America Corp
Wells Fargo
Bank of the Sierra
Brightwood Capital Advisors
Capital One
Truist Bank
White Oak Healthcare Finance
NXT Capital
Regions Bank
PNC Financial Services, Inc.
Highlight-Mandate
- Represented Bank of America Securities, as arranger, and Bank of America, N.A., as lender in connection with a $375m secured bridge financing commitment to Casella Waste Systems, Inc.
- Represented Konfio in connection with an amendment and restatement of an existing facility led by Goldman Sachs Bank USA.
- Assisted Mercuria Energy in increasing its $2.2bn credit facility to $3.4bn.
Milbank
Milbank‘s global leveraged finance group demonstrates its versatility through its ability to handle syndicated and direct lending options, loan and bond, preferred equity and other capital structures. With a strong lender-side practice, the team is well equipped to handle LBO financings, refinancings, dividend recapitalizations and repricing for credit facilities. The New York-based team is led by Marcus Dougherty who draws on significant experience representing banks, direct lenders and leading financial institutions in acquisition financings. Lauren Hanrahan is highlighted as a key member of the team and has ample experience handling complex lending transactions such as, recapitalizations, mezzanine financings, exit facilities and special situation financings. Charles Stern is a further name to note and is well versed at representing investment banks, such as Goldman Sachs, Barclays, HSBC and MUFG. Meir Hornung and Christopher Kwan were promoted to partnership as of January 2023.
Praxisleiter:
Marcus Dougherty
Weitere Kernanwälte:
Lauren Hanrahan; Charles Stern; Meir Hornung; Christopher Kwan; Benjamin Sayagh
Kernmandanten
Goldman Sachs & Co. (Investment Banking Division)
Jefferies
Oak Hill
Oaktree
HSBC
Atlantic Park
Bank of Montreal
Charlesbank
Royal Bank of Canada
KeyBank
Nomura
Credit Suisse Asset Management
Highlight-Mandate
- Represented the financing sources in KKR’s acquisition of Simon & Schuster, including an approximately $1 billion term loan facility.
- Represented the financing sources in Blackstone’s acquisition of Cvent Holding Corp.
- Advised the agent, lenders, arrangers and underwriters in the financing of the take-private acquisition of Avantax, Inc. and its subsidiaries by Cetera Financial Group, Inc. (a Genstar portfolio company).
Moore & Van Allen, PLLC
With strengths in the lending space, the financial services practice at Moore & Van Allen, PLLC is well regarded for its assistance to clients with syndicated lending transactions, as well as leveraged syndicated lending transactions. The team has experience handling a vast range of transactional structures for several large financial institutions, as well as club and bilateral loan facilities for private credit funds and other non-bank lenders. The Charlotte-based practice is jointly led by Wayne McKinzie and Tripp Monroe who are both highly regarded in the lending space. Meredith Reedy is also a key member of the team with strengths in acquisition financing and real estate financing, alongside Andrew Price who is a key name for his work representing banks and other financial institutions. An additional notable mention is Ryan Smith, who is active in non-bank lending.
Praxisleiter:
Wayne McKinzie; Tripp Monroe
Kernmandanten
Bank of America, N.A./BofA Securities, Inc.
Wells Fargo Bank, National Association/Wells Fargo Securities, LLC
Truist Bank (formed by the combination of SunTrust and BB&T)
Regions Bank
Fifth Third Bank
JPMorgan Chase Bank/J.P. Morgan Securities LLC
CoBank, ACB
KeyBank N.A.
PNC Bank, National Association
U.S. Bank, National Association
Highlight-Mandate
- Represented CoBank, ACB, as administrative agent and left-side lead arranger, in connection with the Farm Credit System portion of the financing for the $2.7 bn “take private” acquisition of Quebec-based Resolute Forest Products Inc. by Domtar Corporation.
- Acted as lender’s counsel to CoBank for the $900m financing of waste disposal facilities run by Sonoco Products Company.
Morgan, Lewis & Bockius LLP
Morgan, Lewis & Bockius LLP advises financial institutions, lenders, private equity sponsors and corporate borrowers. The team regularly handles syndicated lending, investment-grade financings, leveraged financings and asset-based lending. Jonathan Bernstein leads the team from the Boston office, with the assistance of sports financing and restructuring expert Matthew Furlong and Marjorie Crider, who is a key contact for ABL’s in the context of the retail industry. In the Hartford office, Daniel Papermaster handles syndicated bank financings for hedge funds, while Steven Miller handles a range of leveraged acquisitions from the Orange County office. Andrew Budreika is a notable mention from the Philadelphia office and is regularly tasked with handling private equity transactions, leveraged recapitalizations, management rollovers and equity restructurings and reorganizations.
Praxisleiter:
Jonathan K. Bernstein; Matthew F. Furlong; Steven L. Miller; Andrew T. Budreika; Marjorie Crider; Daniel Papermaster
Kernmandanten
Rue Gilt Group
MSD Partners
Brookwood Financial Partners
Linx Partners
The Reinvestment Fund
Walker & Dunlop, Inc.
Armstrong World Industries
Armstrong Flooring, Inc.
Cimpress N.V.
AmerisourceBergen Corporation [Cencora, Inc.]
Independence Blue Cross LLC
Guardian Capital Partners
LLR Partners
Obagi Cosmeceuticals
Lovell Minnick Partners LLC
Denny’s Inc.
ATN International, Inc.
FMC Corporation
Livent Corporation
StoneCalibre LLC
OpenGate Capital Management LLC
Solar Capital Ltd.
Corridor Capital LLC
HCT Packaging, Inc.
Boot Barn Holdings, Inc.
Freeman Spogli
Spindrift
Greystone Select
Vesta Holdings LLC
Basalt Infrastructure
SpotOn Transact, LLC
TouchPoint, Inc.
Carvana
ADMA Biologics
Highlight-Mandate
- Represented AmerisourceBergen Corp. (AB) in four transactions with its largest stockholder, Walgreens Boots Alliance.
- Represented Essential Utilities in completing a sustainability-linked senior revolving credit facility of up to $1bn with PNC Bank as the administrative agent.
- Represented ARMM Asset Company 2 LLC, a joint venture between Mass Mutual and Amherst Residential, as borrower to obtain revolving loan from Morgan Stanley Bank, N.A. in an amount up to $5m.
Morrison Foerster
Despite being positioned on both the lender and borrower side, Morrison Foerster‘s ‘borrower side team is well steeped in debt finance transactions and can assist many different types of borrowers through complicated and significant deals.‘ The team has ample experience working on secured credit facilities, asset-based lending and leveraged lending transactions, especially in the context of the technology, private equity, professional services, manufacturing and life sciences sectors. Dario Avram leads the global finance team from the San Francisco office, regularly representing private equity sponsors and their portfolio companies in leveraged buyouts, refinancings and restructurings. Forming part of the New York offering, Geoffrey Peck is highly regarded for his work handling domestic and cross-border financing matters.
Praxisleiter:
Dario Avram
Weitere Kernanwälte:
Geoffrey Peck; David Ephraim; Beth Tunstall; Will Gerber, Ian Hohmeister; Ben Rosenzweig; Maria Strickland; Joe O’Donnell; Matt Hadge; Da Mao
Referenzen
‘Very experienced in lower middle market capital call subscription facilities and venture lending.’
‘David Ephraim is a delightful and experienced individual. He has done a terrific job building the group.’
‘This team has unusually wide and deep experience with commercial lending matters, giving the team members an always up-to-date view of current landing market terms and trends.’
Kernmandanten
Alpine Investors
Altamont Capital Partners
Antarctica Capital
Bridge Investment Group
CIBC World Markets
Clean Energy Fuels
Community Choice Financial
Crescent Cove Private Equity
Driscoll’s
Global Financial Institutions
Main Post Partners
Neuronetics
Northern Bank & Trust Company
ON Semiconductor
Palladium Equity Partners
Restoration Hardware
Revolution Foods
Rubicon Technology Partners
Southwest Gas Holdings
Vector Capital
Virgo Investment Group
Alpine Investors
Altamont Capital Partners
Antarctica Capital
Bridge Investment Group
CIBC World Markets
Clean Energy Fuels
Community Choice Financial
Crescent Cove Private Equity
Driscoll’s
Global Financial Institutions
Main Post Partners
Neuronetics
Northern Bank & Trust Company
ON Semiconductor
Palladium Equity Partners
Restoration Hardware
Revolution Foods
Rubicon Technology Partners
Southwest Gas Holdings
Vector Capital
Virgo Investment Group
Highlight-Mandate
- Represented Restoration Hardware, an upscale furnishings company, as borrower, in connection with a $610m syndicated secured loan facility.
- Represented Alpine Investors and its portfolio company, Apex Service Partners, in the refinancing of Apex’s existing credit facilities in connection with Apex’s $3.4bn single-asset continuation transaction.
- Represented Hercules Capital, Inc. as lender in relation to a $125m credit facility with Provention Bio, Inc.
Paul Hastings LLP
The global finance team at Paul Hastings LLP has a highly regarded lender-side practice, housing leading investment banks and private credit funds in its client roster. Its expertise encompasses syndicated institutional term loans, direct lending and asset-based transactions to debt capital markets, including high-yield and investment grade offerings. John Cobb and Jennifer Yount jointly lead the practice from the New York office. Cobb focuses his practice on leveraged loan and capital market transactions, while Yount is a key name for multi-tranche and multi-lien transactions, as well as the structuring of cross-border transactions. Morgan Bale is a key support to the team, specializing in investment-grade finance transactions. Paris Theofanidis focuses on finance, derivatives and structured products from the Houston office. May 2023 saw the addition of Joshua Zelig, Marc Lashbrook and David Barash to the firm from Cahill Gordon & Reindel LLP. All lawyers are in New York unless otherwise mentioned.
Praxisleiter:
John Cobb; Jennifer Yount
Referenzen
‘Morgan Bale has a best in class investment grade practice.’
‘Morgan Bale depth of knowledge and experience in investment grade acquisition financing is exceptional. ’
‘Team is very responsive and has a problem solving approach to legal advice. ’
Kernmandanten
Angelo Gordon
Jefferies
Antares Capital
JPMorgan
Apollo
Kayne Anderson Capital Advisors
Arcmont
KKR
Ares
MidCap Financial
Audax
Mizuho Bank
Banco Bilbao Vizcaya Argentaria
Monroe Capital
Bank of Montreal / BMO Capital Markets
Morgan Stanley
Barclays
MUFG Bank
Barings
Oak Hill Advisors
BlackRock
Oaktree
Blackstone
PIMCO
Blue Owl
PSP
Charlesbank
Royal Bank of Canada / RBC Capital Markets
Citibank
Saratoga Capital Partners
Credit Suisse
Sixth Street
Fortress
Stellus Capital Management
Goldman Sachs
TD Securities
Golub Capital
The Carlyle Group
Guggenheim
UBS
HPS
Wells Fargo
ICG
White Oak Global Advisors
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Paul, Weiss, Rifkind, Wharton & Garrison LLP maintains a strong footing in the borrower-side, regularly advising clients on leveraged finance transactions, public company financings, special situations, debt financings and asset securitizations. It also has ample experience handling complex refinancing transactions across of a range of distressed industries for private clients and their portfolio companies. Gregory Ezring chairs the New York-based practice, representing alternative asset managers in investments in leveraged debt instruments. Ezring co-leads the practice alongside Thomas de la Bastide, who specializes in leveraged buyouts and alternative lending transactions for hedge funds and Brian Kim ,who represents the likes of Apollo in leveraged buyouts. Eric Wedel is another key member of the team, with significant experience representing private equity sponsors and their portfolio companies in acquisition financings.
Praxisleiter:
Gregory Ezring; Thomas de la Bastide; Brian Kim
Weitere Kernanwälte:
Eric Wedel; Brian Janson; Danielle Penhall; Suhan Shim; David Tarr
Proskauer Rose LLP
With a firm foothold in the private credit sector, Proskauer Rose LLP boasts an impressive roster of lender clients, including The Carlyle Group, Goldman Sachs and Morgan Stanley. The team fields expertise in a range of credit financings, including senior-stretch, unitranche, second-lien and secured mezzanine loans. Justin Breen is a prominent figure in the private credit lending space and leads the firm’s global finance group. Gary Creem heads the firm’s private credit practice from Boston, alongside Michael Mezzacappa, who plays a lead role in financing and credit arrangement deals. Stephen Boyko focuses his practice on finance transactions, including leveraged buyouts and acquisition financings. Marc Freiss advises a diverse list of hedge funds, private equity funds, commercial finance companies and investment banks. In Los Angeles, Sandra Lee Montgomery represents first- and second-lien senior lenders, mezzanine investors and equity sponsors in financing and restructuring transactions. Former firm chair Steven Ellis is an experienced figure, based between New York and Boston. All attorneys mentioned are based in New York, unless stated otherwise.
Praxisleiter:
Gary J. Creem; Michael M. Mezzacappa
Weitere Kernanwälte:
Sandra Lee Montgomery; Jonathan DeSantis; Evan Palenschat; Justin Breen; Steven Ellis
Referenzen
‘Exceptional law practice, significant depth, partnership approach, subject matter expertise.’
‘Gary Creem in particular is exceptional.‘
Kernmandanten
Antares Capital
Apollo Global Management
Ares Capital Corporation
Bain Capital
Benefit Street Partners
Blue Owl Capital/Owl Rock Capital Partners
Blue Torch Capital
The Carlyle Group
The Firmament Group
Fortress Credit Co LLC
Goldman Sachs
Golub Capital
HarbourVest Partners
HPS Investment Partners
Jefferies
MGG Investment Group
Midcap Financial Trust
Morgan Stanley
Neuberger Berman
Sixth Street Partners
TCW Asset Management Company
Ropes & Gray LLP
Ropes & Gray LLP‘s practice spans the gamut of lender- and borrower-side commercial lending matters, with particular expertise in assisting private equity borrowers seeking to undertake leveraged buyouts and obtain asset-based loans. The borrower-side arm of the practice is spearheaded by New York’s Stefanie Birkmann, a specialist in syndicated finance structures, and Boston-based Michael Lee, who assists borrowers in arranging facilities ranging from mezzanine to bridge finance facilities. Also in Boston, Byung Choi is an expert in debt and asset financings, advising a number of private equity houses in this regard. On the lender side, the practice assists credit providers with the initial structuring of finance facilities, including hybrid debt and equity loans, and is noted for advising private credit providers. Taking the lead on lender-side matters are Jeffrey Katz, who splits their time between Boston and New York and advises on special situations investments, and Leonard Klingbaum, based in New York and adding expertise in the restructuring of credit facilities.
Praxisleiter:
Stefanie Birkmann; Michael Lee; Jeff Katz; Leonard Klingbaum
Kernmandanten
Harvest Partners/VetCor
Frontier Communications Parent Inc.
Welsh Carson Anderson & Stowe
Samsonite International S.A.
Advent International/Warburg Pincus
Seagate Technology Holdings
TPG Capital LP
Berkshire Partners
Trinseo PLC
US Merchants LLC
Rodan & Fields
American Industrial Partners
TSG Consumer Partners/Duckhorn portfolio
Cirque du Soleil
GHO Capital Partners/Vistria Group
New Mountain Capital LLC
HIG Capital
Ad hoc group of bondholders of Exela Technologies
Blackstone Group
Ad hoc group of second lien lenders of Yak Access
Ad hoc group of first lien lenders of K&N Parent Inc
Ad hoc group of Quotient
Ad hoc group of first lien lenders to Instant Brands Holdings Inc.
Checkers Ad Hoc Committee
Ad Hoc group of lenders to Westmoreland Coal
Cyrus Capital Partners LP/Keyframe Capital Partners LP
Highlight-Mandate
- Represented VetCor in connection with obtaining $4.2bn of senior secured credit facilities and holdco notes to finance the acquisition of People, Pets and Vets and to refinance existing debt.
- Represented Frontier Communications in connection with the extension of $850m in revolving credit commitments and financing related aspects of its $2.1bn securitization to finance the build out of its fiber offerings.
- Represented Advent International and Warburg Pincus in their $4.25bn joint acquisition of BioPharma Solutions.
Simpson Thacher & Bartlett LLP
Simpson Thacher & Bartlett LLP is a first port of call for a number of global banks and private equity houses, advising the former on the structuring of high value syndicated loans and the latter on both private credit arrangements and syndicated acquisition finance deals. The firm augmented its alternative capital and private credit practice with the arrivals in June 2023 of Latham & Watkins LLP‘s David Teh, assisting with leveraged finance acquisitions and capital raisings. For borrowers, the team provides support with the securing of a variety of financing structures, predominantly syndicated acquisition facilities and leveraged buyouts. Patrick Ryan specializes in putting together acquisition and bridge credit facilities on behalf of individual banks and syndicates. William Sheehan is noted for his advice to banks on deals ranging from acquisition to bridge financing, and added further firepower in this regard with the July 2023 arrival of Jennifer Albrecht from an in-house role at a bank, who also advises on recapitalization and restructuring matters. All lawyers named are based in New York.
Praxisleiter:
Brian Steinhardt; Alexandra Kaplan
Weitere Kernanwälte:
Brian Gluck; David Teh; Jennifer Albrecht; Patrick Ryan; William Sheehan
Kernmandanten
Apax Partners
Apollo Global Management
Aramark Corp
Blackstone
BlackRock
Carrix
The Carlyle Group
Charlesbank Capital Partners
Cigna Group
Dell Inc.
DigitalBridge Group
EQT
Fox Corporation
GFL Environmental
Goldman Sachs Asset Management
GTCR
Heartland Dental
Hellman & Friedman
The Hershey Company
Hub International
IFM Investors
KKR
Kodiak Gas Services
Mars, Inc.
New Mountain Capital
Permira Advisers
Silver Lake Partners
Stonepeak Partners
SunPower Corporation
Teleflex Incorporated
TPG
World Insurance Associates
Angelo, Gordon & Co.
Bank of America
Bank of Montreal
Bank of Nova Scotia
Blackstone Credit
BNP Paribas
Capital One
CIBC
Citigroup
Crédit Agricole
Credit Suisse
EIG Capital Management
Energy Opportunities Capital Partners
Farallon Capital Management
Goldman Sachs
HSBC
ICG
JPMorgan
KeyBank National Association
KKR Credit
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Bank
Morgan Stanley
MUFG Union Bank
PSP
Riverstone Credit Management
Riverstone Credit Partners
Royal Bank of Canada
Scotiabank
Silver Lake Partners
Sixth Street Partners
Société Générale
Stonepeak Partners
Toronto Dominion (Texas)
Truist Securities
Wells Fargo
Carrix
Charlesbank Capital Partners
Cigna Group
Dell Inc.
DigitalBridge Group
EQT
Fox Corporation
GFL Environmental
Goldman Sachs Asset Management
GTCR
Heartland Dental
Hellman & Friedman
The Hershey Company
Hub International
IFM Investors
Kodiak Gas Services
Mars, Inc.
New Mountain Capital
Permira Advisers
Silver Lake Partners
Stonepeak Partners
SunPower Corporation
Teleflex Incorporated
TPG
World Insurance Associates
Angelo, Gordon & Co.
Apollo Global Management
Bank of America
Bank of Montreal
Bank of Nova Scotia
BlackRock
Blackstone Credit
BNP Paribas
Capital One
CIBC
Citigroup
Crédit Agricole
Credit Suisse
EIG Capital Management
Energy Opportunities Capital Partners
Farallon Capital Management
Goldman Sachs
HSBC
ICG
JPMorgan
KeyBank National Association
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Mizuho Bank
Morgan Stanley
MUFG Union Bank
PSP
Riverstone Credit Management
Riverstone Credit Partners
Royal Bank of Canada
Scotiabank
Silver Lake Partners
Sixth Street Partners
Société Générale
Stonepeak Partners
Toronto Dominion (Texas)
Truist Securities
Highlight-Mandate
- Advised a Blackstone-led consortium in financing Emerson’s sale of a majority stake in Climate Technologies, valuing the business at $14bn, to Blackstone.
- Advised Silver Lake Partners in its committed debt financing for its acquisition of Qualtrics, valuing the business at $12.5bn.
- Advised JPMorgan Chase Bank and Bank of America in €8.2bn of committed financing for Carrier Global Corporation in its announced €12bn acquisition of Viessmann Climate Solutions.
Skadden, Arps, Slate, Meagher & Flom LLP
Drawing on the firm’s global network, Skadden, Arps, Slate, Meagher & Flom LLP’s international borrower clientele spans investment-grade, crossover and distressed issuers, public and private companies, and private equity clients. The team advises on all types of financing transactions, on both a national and international scale, including leveraged and investment-grade acquisition, bridge and hybrid financings. Based in Chicago, Seth Jacobson heads the firm’s global banking group. Head of the New York banking practice, Steven Messina focuses his practice on syndicated financing transactions, in the US and internationally. Leila Sayegh leads the Los Angeles banking team, advising an impressive list of corporations and private equity funds as borrowers. Janine Jjingo, based in New York, is experienced in both traditional and more complex financings, including restructuring and debtor-in-possession financings. Also in New York, Tracey Chenoweth advises clients across a range of industries, including the financial services, retail and manufacturing sectors. Danielle Li’s New York-based practice spans bridge, margin, and asset-based loans. In Chicago, David Wagener represents clients in cross-border secured financing structures. David Passes advises on leveraged buyouts, corporate recapitalizations and first and second-lien financings from New York.
Praxisleiter:
Seth Jacobson; Steven Messina; Leila Sayegh
Troutman Pepper
With the addition of several new partners in 2023, Troutman Pepper continues to demonstrate consistent growth in the borrower space. Todd Ransom joined the Charlotte practice from Moore & Van Allen, PLLC, strengthening the firm’s asset-based lending practice, and Jeremy Rosenblum and Mark Furletti joined the Philadelphia team from Ballard Spahr LLP. Hazen Dempster, based in Georgia, advises both borrowers and issuers on corporate financings, from asset-based loans to mezzanine, debtor-in-possession and revolving loans. In Charlotte, Keith Mrochek focuses on syndicated and non-syndicated finance transactions, while Justin Wood represents a diverse list of public and private companies, including emerging companies, in acquisitions and other cross-border financings.
Praxisleiter:
Kristopher P. Henman
Weitere Kernanwälte:
Todd Ransom; Jeremy Rosenblum; Mark Furletti; Hazen Dempster; Keith Mrochek; Justin Wood; Kathryn Pourmand Nordick; Bradley Boericke
Kernmandanten
AGCO
Alto Ingredients
Bank of America, NA
Fifth Third Bank
Dollar General Corporation
The Southern Company
TD Bank
AirCo Aviation
Hull Street Energy
Goodness Growth Holdings, Inc.
Vinson & Elkins LLP
Under the leadership of Dallas-based Erec Winandy and Houston’s Brian Moss, Vinson & Elkins LLP‘s ‘top notch legal talent’ focuses heavily on financing transactions in the energy sector, advising, individual and syndicates of banks as lenders and energy companies as borrowers on the structuring of secured loans or revolving credit facilities. The practice also advises energy sector clients on a range of acquisition finance structures, including leveraged buyout and mezzanine financing deals. Also in Houston, James Longhofer is sought after by predominantly energy industry clients seeking assistance with obtaining mezzanine financing and syndicated credit structures. In New York, Brett Santoli and Tzvi Werzberger advise a range of sectors, including energy, mining and transport clients on project finance loans and asset-based credit structures. Dallas’ Christopher Dewar is another name to note for reserve and asset-based lending.
Praxisleiter:
Brian Moss; Erec Winandy
Weitere Kernanwälte:
Rafael Alvarado; Christopher Dewar; Brett Santoli; Tzvi Werzberger; Dave Wicklund; James Longhofer
Referenzen
‘The team has a very strong debt finance practice. The team is very knowledgeable in energy transactions and is also very skilled in general financing.’
‘The individuals do a great job, taking the time to think through issues in the transaction and come up with innovative solutions.’
‘Top notch legal talent. We use them generally on larger, syndicated transactions and also some midsize.’
Kernmandanten
Devon Energy Corporation
Continental Resources, Inc.
Sentinel Peak Resources California LLC
California Resources Corporation
Aligned Energy Holdings, LP
HighPeak Energy, Inc.
Blackstone Inc.
CrownRock L.P.
Brazos Midstream Holdings II, LLC
M6 Midstream LLC
Sabinal Energy Operating, LLC
Jonah Energy Parent LLC
CLEAResult Consulting, Inc.
TOPS Holdings, LLC
Meritage Midstream Services II, LLC
Tidewater Inc.
Chevron Phillips Chemical Company LLC
TWE Holdings, LLC
NRP (Operating) LLC
Wells Fargo Bank, NA
JPMorgan Chase Bank, NA
Texas Capital Bank
Wells Fargo Bank, NA
MUFG Bank, Ltd.
Bank of America, NA
Sixth Street Partners
Citibank, NA
Royal Bank of Canada
HPS Investment Partners, LLC
Voya Retirement Insurance and Annuity Co
Highlight-Mandate
- Advised Wells Fargo Bank on a $1.5bn syndicated, senior secured, reserve-based revolving credit facility to Comstock Resources, Inc.
- Advised JPMorgan Chase Bank in a $1.5bn syndicated reserve-based, senior secured revolving credit facility to an upstream E&P portfolio company.
- Advised Texas Capital Bank on a $1bn syndicated, senior secured, reserve-based revolving loan to Granite Ridge Resources to partially fund its acquisition of oil and gas assets via a de-SPAC transaction.
Wachtell, Lipton, Rosen & Katz
Wachtell, Lipton, Rosen & Katz’s pre-eminence in borrower-side financing transactions sees it advise an impressive roster of corporate clients across the full range of industries, including investment-grade, high-yield and distressed borrowers. Working in tandem with the firm’s M&A and restructuring practices, the New York-based financing team advises on acquisition and working capital financings, distressed M&A and restructurings across the investment grade and leveraged markets. The team remains at the forefront of the market, also advising on transactions within the liability management space. Gregory Pessin is a prominent figure in the debt and financing space, and heads the practice. With a clientele of borrowers, creditors and distressed investors, Michael Benn advises on financings for M&A, spin-offs and other deals. John Sobolewski’s broad finance and restructuring practice covers syndicated and direct loans, management company financings and liability management. Focusing particularly on complex corporate transactions, Emily Johnson advises on M&A, divestiture and spin-off financings. Stephanie Marshak and Rod Ghods are other names to note.
Praxisleiter:
Gregory E. Pessin
Kernmandanten
Broadcom Inc.
RTX Corporation
3M Company
Lumen Technologies, Inc.
Global Payments Inc.
Barnes Group Inc.
Travelport Finance (Luxembourg) S.à r.l.
PVH Corp.
Otis Worldwide Corporation
Mitel Networks Corporation
XPO, Inc.
The J.M. Smucker Company
Hexcel Corporation
SoFi Technologies, Inc.
Knife River Holding Company
LKQ Corporation
Rayonier Advanced Materials Inc.
Mallinckrodt plc
Highlight-Mandate
- Represented Broadcom in its entry into $28.4bn in permanent financing to replace the $32bn in committed bridge financing previously negotiated in connection with Broadcom’s acquisition of VMware.
- Represented XPO in a series of financing transactions to allow XPO to reinvent its capital structure, including negotiating the company’s amended ABL facility, the refinancing of its $700m secured term loan facility, and its spin-off of RXO, which included the negotiation of a new $500m unsecured five-year revolving credit facility and $100m term loan.
- Advised Lumen Technologies in connection with a transaction support agreement, with a group of creditors holding over $7bn of the outstanding indebtedness of the company and its subsidiaries across over a dozen tranches of debt, which provides for an extension of maturities of Lumen’s and its subsidiaries’ debt instruments and commitments to provide $1.2bn of financing to Lumen through new long-term debt.
Weil, Gotshal & Manges LLP
Weil, Gotshal & Manges LLP combines strong lender and borrower-side lending practices, notably advising banks and private equity investors on asset-based loans and leveraged buyout structures, including multi-currency lending. Heading the firm’s global finance practice is Daniel Dokos, whose specialisms include cross-border financing arrangements, usually tied to acquisitions, advising both lenders and borrowers on such transactions and also assisting with recapitalization loans. He is ably supported by co-heads Andrew Colao, who represents private equity in leveraged finance deals, and Dallas’ Courtney Marcus, who advises a broad spectrum of industries in seeking to arrange mezzanine financing, bridge loans and loan restructurings. Heather Viets is recommended for a range of financing types, including bridge loans and first and second lien credit facilities, while Justin Lee focuses on structuring cross-border financings. All lawyers named are based in New York unless otherwise specified.
Praxisleiter:
Daniel Dokos; Andrew Colao; Courtney Marcus
Weitere Kernanwälte:
Heather Viets; Justin Lee; Vynessa Nemunaitis; Paul Overmyer; Jacqueline Oveissi; Jessie Chiang
Referenzen
‘Weil has a strong leveraged finance practice with a deep bench of business savvy partners. They are great at thinking creatively and appreciate what I’m trying to do commercially. They are a true advisor and thought partner.’
Kernmandanten
Advent International
American Securities
Asurion, LLC
Avolon Holdings Limited
BNP Paribas SA
Bridgeport Partners LP
Brookfield
Campbell Soup Company
Citibank
CVC Capital Partners
Dun & Bradstreet Corporation
The Estée Lauder Companies, Inc.
Fortress Investment Group LLC
General Electric
Goldman Sachs
Greenbriar Equity
Jefferson Capital Systems, LLC
Johnson & Johnson
JPMorgan Chase
The Kroger Company
Montagu Private Equity
Morgan Stanley
OMERS
Ontario Teachers’ Pension Plan
PAI Partners
Talen Energy Supply
Thomas H. Lee Partners, L.P.
WEX Inc.
Willis Towers Watson
Highlight-Mandate
- Advised The Kroger Co on committed senior unsecured bridge financing to support its $24.6bn acquisition of Albertsons Companies, Inc.
- Advised JPMorgan as administrative agent in an amendment and extension of Ford Motor Company’s $17.2bn senior unsecured revolving facilities.
- Advised Brookfield Business Partners on the financing aspects of its sale of Westinghouse Electric Company to a consortium led by Cameco Corporation, a producer of uranium, and Brookfield Renewable Partners in a transaction that implied a Westinghouse enterprise value of $8bn.
White & Case LLP
The ‘powerhouse lending, banking and leveraged finance team’ at White & Case LLP advises a client roster consisting of banks and private equity houses on the structuring of acquisition finance loans, including take-private deals, while also representing private equity clients as borrowers seeking a range of financing types, including mezzanine financing. Eliza McDougall was named head of the firm’s global debt financing group in September 2023, and continues to advise a range of banks and private lenders, in addition to corporate borrowers on arranging both leveraged and investment-grade credit facilities, while Justin Wagstaff heads both the Americas debt finance and global borrowers finance arms of the practice, assisting private equity sponsors and corporates on cross-border financing deals. Eric Leicht advises a number of lead arrangers on the setting up of leveraged and bridge finance transactions, and is also sought after for advice on restructuring matters, while Binoy Dharia handles a range of cross-border financing transactions, including acquisition and asset-based financing. All lawyers mentioned are based in New York.
Praxisleiter:
Justin Wagstaff; Eliza McDougall
Referenzen
‘Excellent domain expertise in transaction and financing matters.’
‘White and Case’s private credit group is excellent. They are client focused and business solution oriented. I view the key differentiator as being that W&C partners are engaged and actively involved in negotiating credit documents.’
‘This group is uniquely strong in cross-border transactions. Additionally, the group has an exceptional strength in depth, both in terms of its deep bench and activity across products.’
Kernmandanten
Apollo Capital Management LP
Boy Scouts of America
Cheniere Energy Inc.
CVC Capital Partners
Circulus Holdings, PBLLC
Harvest Midstream I, L.P.
JBS S.A.
Marathon Oil Corporation
NRG Energy, Inc.
Oatly Group AB
PDC Brands
Priority Power Management, LLC
Riverbed Technology
Booking Holdings, Inc.
Talen Energy Supply, LLC
Xerox Corporation
Bank of America
Barclays Bank
Blackrock
BNP Paribas
Citibank
Citizens Bank
Credit Suisse
Deutsche Bank
DigitalBridge Credit
Goldman Sachs
ING Capital
Jefferies Finance
JPMorgan Chase Bank
Macquarie
Mizuho Bank
Morgan Stanley
Natixis
Nomura Securities International, Inc.
Nordea
Oaktree Capital Management
Silver Point Capital
The Provident Bank
Truist Bank
UBS AG
Highlight-Mandate
- Represented of Xerox Corporation and Xerox Holdings Corporation, as the borrower, in connection with a senior secured asset-based revolving facility in an aggregate principal amount of $300m with Citibank N.A. as administrative agent, collateral agent and swing line lender.
- Represented Marathon Oil Company in its acquisition financing of a $3bn cash definitive agreement to purchase the Eagle Ford assets of Ensign Natural Resources.
- Represented Deutsche Bank AG, as left lead arranger, administrative agent, lender and issuing bank, in connection with a $1.1bn term loan facility and $225m revolver facility provided to Playa Resorts Holding B.V. as borrower, for the refinancing of existing debt.
Willkie Farr & Gallagher LLP
Leveraged buyouts and dividend recapitalizations are key areas of expertise for Willkie Farr & Gallagher LLP and the team is prominent on the borrower side of high value acquisition financings. Viktor Okasmaa and Andres Mena co-lead the practice from New York; Okasmaa advises an impressive roster of public and private companies on acquisition financings and leveraged buyouts, and Mena focuses his practice on debt financing transactions, particularly private equity matters. Also in New York, Joshua Deason advises on secured and unsecured financings, such as bridge, mezzanine, mutual fund and subscription financings, while Jason Pearl handles loan and capital markets transactions, including first- and second-lien financings and ABL facilities. In Chicago, Jacob Schtevie excels in the negotiation and documentation of credit facility structures. An expert in debt financing, Andrew Thomison advises on working capital credit facilities, asset-based financings, and high-yield debt offerings from Houston. Timothy Landwehr is also highlighted as a standout member of the team.
Praxisleiter:
Viktor Okasmaa; Andres Mena
Weitere Kernanwälte:
Joshua Deason; Jason Pearl; Jacob Schtevie; Andrew Thomison; Archie Fallon; Timothy Landwehr; Melanie Mansfield
Kernmandanten
B&G Foods
Carrix
Cetera Financial Group
Fidelity National Information Services, Inc. (FIS)
Franchise Group
Franchise Group CEO Brian Kahn
JPMorgan Chase Bank
Marcal Paper
PBF Holding Company
Platinum Equity
Sixth Street and BGH Capital
Solenis
B&G Foods
Carrix
Cetera Financial Group
Fidelity National Information Services, Inc. (FIS)
Franchise Group
Franchise Group CEO Brian Kahn
JPMorgan Chase Bank
Marcal Paper
PBF Holding Company
Platinum Equity
Sixth Street and BGH Capital
Solenis
Highlight-Mandate
- Advised Fidelity National Information Services, Inc. on a $2bn revolving credit facility.
- Advised Franchise Group CEO Brian Kahn on completing a $2.6bn take-private transaction.
- Advised PBF Holding Company on an amended and restated $3.5bn revolving credit facility.
WilmerHale
The debt finance practice at WilmerHale focuses on the borrower side, regularly handling matters for mid-market private equity firms, emerging life sciences and technology companies, as well as investment-grade clients. The team is led by practice head Justin Ochs from Washington DC. The team is supported by Denver-based Chalyse Robinson, who has particular expertise in acquisition financings and debt finance transactions; Nathan Moore, also in Denver who was promoted to partnership in January 2023 and regularly takes on matters in the distressed space and royalty financings for biotech companies and Boston-based Brandt Tierney who has experience handling matters across the financial services, life sciences and technology sectors.
Praxisleiter:
Justin Ochs
Referenzen
‘Chalyse Robinson is one of our strongest commercial lending legal advisor relationships. Chalyse differentiates herself in the market by staying on top of the market and technical trends but is also very commercial to see the forest through the trees. She always helps us reach great business outcomes! ’
‘Experienced and diligent with a deep knowledge of subject matter’
‘Justin Ochs- superior insight and analysis Nathan Moore- consistently outperforms competitors’
Kernmandanten
Tessian Inc.
Eastman Chemical Company
PTC Therapeutics, Inc.
Mountaingate Capital Management, L.P.
Eldridge Industries, LLC
The Depository Trust & Clearing Corporation and National Securities Clearing Corporation
Analog Devices, Inc.
Kadant, Inc.
Melinta Therapeutics, Inc.
Wilmington Savings Fund Society, FSB
Highlight-Mandate
- Represented Eastman Chemical Company in its inaugural $500m green bond offering – the first investment-grade US dollar-denominated senior unsecured green bond offering by a US issuer in the chemical sector.
- Represented PTC Therapeutics in its agreement with Royalty Pharma to monetize PTC’s remaining interests in its Evrysdi royalty stream for up to $1.5bn – one of the largest-ever public royalty financing deals.
- Represented The Depository Trust & Clearing Corporation and its subsidiary, National Securities Clearing – the premier provider of clearing and settlement services to the financial markets – in a renewal of their $11.395 billion 364-day revolving credit facility.
Winston & Strawn LLP
With a strong background in both debt and fund finance, Winston & Strawn LLP counts credit funds, institutional investors and equity sponsors among its lender clients. The team advises on senior, subordinated, secured and unsecured loans, as well as syndicated credit facilities, including cross-border and multicurrency transactions. The firm also boasts a dedicated CLO practice. David Baroni, based in Chicago, co-heads the leveraged finance practice and specializes in asset-based and cash-flow secured lending transactions. Also in Chicago, Nolan Bolduc advises a diverse clientele of financial institutions, asset managers, private equity sponsors and corporate issuers. Kader Crawford, based in Charlotte, is adept at handling bi-lateral acquisition financings to broadly syndicated credit facilities. Christina Wheaton in Chicago and Shreyansi Agarwal in New York are key members of the team.
Praxisleiter:
Mats Carlston; Michael Mullins
Weitere Kernanwälte:
Patrick Hardiman; David Baroni; Nolan Bolduc; Kader Crawford; Brian Jansen; Jason Bennett; Christina Wheaton; Shreyansi Agarwal
Kernmandanten
Koppers Inc.