- 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.
AMC Entertainment Holdings, Inc. in its $595 million and £250 million senior subordinated notes offerings to finance in part its approximately £921 million acquisition of Odeon & UCI Cinemas Group Limited and its $1.2 billion acquisition of Carmike Cinemas, Inc., and in its $475 million and £250 million 144A offerings of senior subordinated notes to finance in part its $964 million acquisition of Nordic Cinema Group Holding AB.
- 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.
Kronos Acquisition Holdings Inc. (a portfolio company of Centerbridge Partners), as the parent of KIK Custom Products, Inc., a provider of pool and spa treatment products and a manufacturer of household and personal care products, in its $390 million senior notes offering to finance in part its acquisition by Centerbridge and in its $265 million add-on senior secured notes offering to refinance existing indebtedness.
Goldman Sachs, Morgan Stanley, Nomura, Nordea Bank and another major financial institution, as mandated lead arrangers, in €1.6 billion multicurrency credit facilities and €700 million senior secured notes for, and Goldman Sachs Merchant Banking Division, as lead investor alongside funds managed by EQT Credit and MezzVest, in a €700 million private placement notes offering by, Securitas Direct Verisure Group, a European provider of professionally monitored home alarm systems, to finance its acquisition by Hellman & Friedman from Bain Capital.
Avolon Holdings Limited (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 (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.
J.P. Morgan, Wells Fargo, Barclays, Citi, Goldman Sachs, HSBC, U.S. Bancorp and another major financial institution, 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 acquisition of LinkedIn Corporation.
PKO Bank Polski S.A., Poland’s top bank by assets, in the issuance by its subsidiary, PKO Finance AB, of €500 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, 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., a supplier of passive electronics for a wide range of industrial applications.