Corey Chivers is a partner in Weil’s Capital Markets practice. He has represented corporations, investment banks, national governments and multinational financial institutions in a wide range of public and private securities offerings, including initial public offerings, major high-yield transactions and investment grade debt offerings.
Mr. Chivers has advised clients on a wide range of transactions:
- High-yield debt: representations include more than 50 offerings with an aggregate deal value of more than $20 billion.
- IPOs and Equity offerings: representations include over 15 $1 billion+ global equity offerings.
- Investment grade debt: representations include offerings by Microsoft (representing the underwriters), General Electric, Synchrony Financial (representing the underwriters), H&R Block, Vivendi and Willis Towers Watson.
- Liability management: represented General Electric in its $36 billion debt exchange offer and General Motors in its $27 billion SEC registered exchange offer.
- Significant cross-border experience, particularly Latin America: worked on transactions in 24 countries worldwide, including throughout Europe and Latin America.
- General Electric in capital markets matters related to its strategic plan to sell most of GE Capital’s assets, including the $36 billion offer by GE Capital International Funding Company (a finance subsidiary of General Electric Capital Corporation) of senior unsecured dollar- and pounds sterling-denominated notes in exchange for certain outstanding securities issued by GECC.
- General Electric and Synchrony Financial (GE Capital’s North American retail finance business) in Synchrony’s approximately $2.95 billion initial public offering, $5.6 billion senior notes offerings, and in GE’s approximately $20 billion offer to exchange Synchrony common stock for GE common stock to complete the separation of Synchrony from GE.
- Designated underwriters’ counsel in over $58.75 billion of investment grade notes offerings for Microsoft Corporation including, most recently, 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 to finance, among other uses, Microsoft’s pending acquisition of LinkedIn Corporation – Microsoft’s largest bond offering to date.
- Designated underwriters’ counsel in $1 billion of senior notes offerings by Synchrony Financial including, most recently, Bank of America Merrill Lynch, Mizuho and MUFG, as joint book-running managers, in a $500 million senior notes offering.
- Willis Towers Watson PLC (Ireland) in over $1.6 billion of senior notes offerings.
- The Estée Lauder Companies, Inc. in over $900 million offerings of investment grade senior notes.
- C. R. Bard, Inc. in its $500 million investment grade notes offering.
- AMC Entertainment Inc. in its $600 million offering of senior subordinated notes to finance its simultaneous $600 million cash tender offer for certain senior subordinated notes.
- Designated underwriters’ counsel in over $6 billion of senior notes offerings by Frontier Communications Corporation including, most recently, Frontier’s $1.55 billion offering of senior notes to finance its acquisition of the wireline properties of AT&T in Connecticut.
- Dave & Buster’s Entertainment, Inc. (a portfolio company of Oak Hill Capital Partners) in its $100 million initial public offering, and in over $500 million secondary offerings of common shares.
- WPX Energy, Inc. in its $500 million offering of senior unsecured notes.
- Vivendi S.A. (France) in its $2 billion investment grade notes offering.
- Leucadia National Corporation in its $750 million and $250 million investment grade senior notes public offerings.
- Lehman Brothers Holdings Inc., as selling shareholder, in the $1.1 billion secondary public offering of 7.9 million common shares of AvalonBay Communities, Inc. and in the $875 million secondary public offering of 15 million common shares of Equity Residential.
- H&R Block in its $500 million notes offering.
- Citi, as joint book-running manager, in a $146 million senior secured notes add-on offering by BI-LO LLC.
- General Electric Capital Corporation in its $1.8 billion issue of fixed-to-floating rate non-cumulative perpetual preferred stock.
Mr. Chivers was recognized as a 2014 Capital Markets MVP by Law360. He is named a “leading” lawyer in Capital Markets by IFLR1000 and is consistently named a recommended lawyer for Capital Markets – Debt & Equity and High-Yield Debt by The Legal 500 US. He is also recognized as one of the Best Lawyers in America in Capital Markets.
Mr. Chivers is the author of the book Due Diligence in Securities Offerings (Law Journal Press 2015).
Mr. Chivers is a graduate of the Columbia University School of Law, where he was named a Harlan Fiske Stone Scholar in 1989, 1990 and 1991. Prior to entering private practice, he served a federal judicial clerkship on the United States Court of Appeals for the Tenth Circuit.