- 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.
- CCMP Capital Advisors in a $275 million senior secured notes offering to finance its acquisition of Milacron LLC, a manufacturer, distributor, servicer and seller of equipment and products used in the plastics processing machinery industry.
- Milacron in a $465 million senior notes offering to finance its acquisition of Mold-Masters Limited (Canada).
Barclays and Wells Fargo, as underwriters, in the $300 million senior secured notes offering by NAI Entertainment Holdings LLC, one of the leading motion picture exhibition companies in the countries in which it operates.
Barclays and the other underwriters in the $351 million high yield senior notes offering by Sequa Corporation, a manufacturer of aeroengine and industrial gas turbine components.
Univision Communications (a portfolio company of TPG, Providence Equity Partners, Thomas H. Lee Partners and Madison Dearborn Partners), a major Spanish-language broadcaster operating in the U.S. market, in over $7.2 billion of high yield notes offerings.
Barclays and Citi, together with Bank of America Merrill Lynch, Goldman Sachs, HSBC, J.P. Morgan, RBS and Wells Fargo, as representatives of the underwriters, in a $10.75 billion offering of investment grade bonds by Microsoft Corporation, a worldwide leader in software and other computing products and services – Microsoft's largest bond offering to date. We have also represented the underwriters in numerous other senior notes offerings by Microsoft.
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.
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.