- High yield debt
- Investment grade debt
- Private placements
- Acquisition financing
- Tender/exchange offers
We frequently collaborate with lawyers in our Banking & Finance, Private Equity and M&A practices to advise clients on bridge financings backed by bond offerings in the context of both leveraged and investment grade acquisition financings.
- Deutsche Bank, Wells Fargo and Citi, as underwriters, in the $800 million senior notes offering and Citi, Wells Fargo and Deutsche Bank, as joint lead arrangers, in $1.2 billion senior secured credit facilities for CBS Outdoor Americas (now known as OUTFRONT Media), a provider of out-of-home advertising, to finance the spin-off of the CBS Outdoor business from CBS Corporation.
- The initial purchasers in a $600 million senior notes offering by CBS Outdoor Americas (now known as OUTFRONT Media) to finance its acquisition of certain outdoor advertising businesses from Van Wagner Communications, LLC.
Avolon Holdings Limited (Ireland) (a subsidiary of Bohai Leasing Co., Ltd. (an affiliate of the HNA Group)), a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide, in a $3 billion senior notes offering to finance, in part, Avolon's acquisition of the aircraft leasing business of CIT Group Inc.
General Electric Capital Corporation in a $36 billion issuance by GE Capital International Funding Company (Ireland) (a finance subsidiary of GECC) of senior unsecured dollar- and pounds sterling-denominated notes in exchange for certain outstanding securities issued by GECC, as part of General Electric’s plan to reduce the size of its financial services businesses and to focus on continued investment and growth in GE’s industrial businesses. This was, at the time, the largest corporate exchange offer in history.
Mastercard Inc. in its $2 billion multi-tranche senior notes offering.
Bank of America Merrill Lynch, J.P. Morgan, Wells Fargo, Barclays, Citi, Goldman Sachs, HSBC, and U.S. Bancorp, as representatives of the underwriters, in a $19.75 billion offering of investment grade senior notes by Microsoft Corporation to finance, among other uses, its pending acquisition of LinkedIn Corporation – Microsoft's largest bond offering to date.
PKO Bank Polski S.A., Poland’s top bank by assets, in the issuance by its subsidiary, PKO Finance AB, of €500 million ($681 million) loan participation notes under its €3 billion programme (with listing on the Luxembourg Stock Exchange) to finance senior and subordinated loans to PKO Bank Polski in support of its lending activities.
TE Connectivity (Switzerland), a leading global provider of engineered electronic components, network solutions and subsea communication systems, in over $3 billion senior notes offerings by Tyco Electronics Group S.A. (Luxembourg), a supplier of passive electronics for a wide range of industrial applications.
Morgan Stanley and J.P. Morgan, as underwriters, in a $3.25 billion senior notes offering by Tyson Foods, Inc., a producer and distributor of chicken, beef, pork, prepared foods and related products, to finance its $8.55 billion acquisition of The Hillshire Brands Company.
Willis Towers Watson PLC (Ireland), a global provider of corporate risk advisory services and of broking, exchange solutions, human capital and benefits, and investment, risk and reinsurance services, in its $1 billion senior unsecured notes offering of refinance existing indebtedness and in its €540 million ($609 million) senior unsecured notes offering.
The ‘consistently strong’ team is described by one client as being ‘at the cutting edge of corporate finance’ and demonstrates ‘excellent knowledge’.
They are strong on intra- and inter-departmental relationships, and take a highly collaborative approach.