January 25, 2018
Banking & Finance partner Morgan Bale was featured in the Law360 special series “Sealing the Deal” for his work advising on the financing aspects of three of 2017’s most high-profile and transformational deals that disrupted industries like food, health care, and media and entertainment.
The feature highlighted Mr. Bale’s work leading the Weil teams that advised Goldman Sachs and Bank of America Merrill Lynch in providing $13.7 billion committed bridge financing to Amazon for its acquisition of Whole Foods Market, Inc.; Barclays, Goldman Sachs and Bank of America Merrill Lynch in providing $49 billion of financing commitments to CVS Health to finance its acquisition of Aetna; and Goldman Sachs in providing a bridge loan commitment of up to $9 billion in connection with Twenty-First Century Fox, Inc.’s plan to spin off to 21st Century Fox shareholders a portfolio of its news, sports and broadcast businesses to create a new “Fox.”
“It really is a relationship-driven business. We’re not providing a commodity. Our clients want lawyers that have a firm grip on the issues and bring a light touch to the negotiation,” he said when discussing why clients come to him to put together big money financing packages for complex M&A transactions.
About his ability to successfully complete all three of these deals within a short timeframe, he noted, “When time is so limited, it’s critical to chart the right course and focus on the right issues. Intense time pressure brings great clarity.”
Daniel Dokos, Head of Weil’s Global Finance Practice, was quoted in the article commenting on Mr. Bale’s capabilities. “Morgan’s ability to juggle multiple high-profile deals at the same time is truly impressive. His business acumen, top-notch negotiating skills, and deep knowledge of the investment grade market and how it differs from the leveraged loan market are some of the things that make him so great at what he does and such a valuable asset to his clients.”
Mr. Bale also praised his colleagues at the Firm saying, “Having the right team is essential. It really is a team game. Any success we enjoy at Weil, we very much enjoy as a team.”