Michael Hickey

Biography

Michael Hickey

Michael Hickey is a partner in Weil’s Capital Markets practice and is based in New York. Michael focuses on advising financial institutions on leveraged finance matters, and more generally advises underwriters and issuers in connection with public and private securities offerings, including initial public offerings, high yield and investment grade debt offerings and tender and exchange offers.

Prior to joining Weil, Michael was a Managing Director and Head of the Leveraged Finance Legal Team at Goldman Sachs, where he was responsible for the leveraged finance, middle market financing, restructuring, and bank debt portfolio groups. While at Goldman Sachs, he worked on a broad array of global financing matters with various private equity sponsors and corporate clients, including domestic and cross-border acquisition financings, dividend recapitalizations, leveraged spin transactions, working capital facilities, repricings, bond and loan exchanges, debtor-in-possession financings, bankruptcy exit facilities, structured finance transactions, and emerging markets financing transactions. He also served as counsel to various firm committees and bodies, including the Credit Markets Capital Committee and Staple Working Group.

Experience

  • A financial institution, as representative of the underwriters, in a $1.5 billion 144A/Reg S offering of senior unsecured notes by Royal Caribbean Cruises Ltd.
  • Morgan Stanley and another financial institution, as representatives of the underwriters, in a $1.5 billion offering of 16.9 million shares of common stock of Royal Caribbean Cruises Ltd.
  • Ceridian HCM Holding Inc. (a publicly traded company backed by affiliates of Thomas H. Lee Partners, L.P. (THL) and Cannae Holdings, LLC) in its $575 million 144A offering of convertible senior notes, to finance capped call transactions and refinance existing debt.
  • Churchill Capital Corp IV, a SPAC sponsored by Churchill Capital Group, in its $11.75 billion merger with Lucid Motors.
  • Churchill Capital Corp III, a SPAC sponsored by Churchill Capital Group, in its $5.7 billion merger with MultiPlan, Inc. that has an enterprise value based on the transaction of approximately $11 billion.
  • RBC Capital Markets, as representative of the underwriters, in a $2 billion offering of senior unsecured notes by Occidental Petroleum Corporation (OXY), and OXY's simultaneous $2.3 billion tender offer for, and consent solicitations relating to, certain outstanding fixed rate senior notes of multiple series.
  • CEC Entertainment, Inc. in a $200 million senior secured debtor-in-possession term facility to finance business operations during its chapter 11 bankruptcy proceedings and a $375 million first and second lien term exit facilities to finance business operations upon emerging from its chapter 11 bankruptcy proceedings.
  • Ad-hoc bondholder committee on Digicel’s balance sheet restructuring involving $4.3 billion of debt via exchange offers for multiple series of notes, followed by a Cayman scheme of arrangement and chapter 15 recognition in the United States.
  • Goldman Sachs and the other managers in a $1.5 billion Rule 144A private offering of senior unsecured notes guaranteed by Great-West Lifeco Inc., to finance in part the acquisition by its subsidiary, Empower Retirement, of the retirement services business of Massachusetts Mutual Life Insurance Company.
  • Morgan Stanley and the other managers in a $6.25 billion Rule 144A private offering of senior unsecured notes by Nutrition & Biosciences, Inc. (N&B) to finance in part its pending merger with International Flavors & Fragrances Inc., following N&B's spin-off by DuPont.
  • J.P. Morgan, as representative of the underwriters, in a $3 billion offering of senior unsecured notes by Occidental Petroleum Corporation (OXY) and OXY's simultaneous $3 billion tender offer for, and consent solicitations relating to, certain outstanding fixed and floating rate notes of multiple series.
  • Morgan Stanley and the other managers in a $500 million Rule 144A private offering of senior unsecured notes by Great-West Lifeco Inc. to finance in part the $1 billion acquisition of Personal Capital Corporation by its subsidiary, Empower Retirement LLC.
  • Citi, as representative of the underwriters, in a $2 billion offering of senior unsecured notes by Occidental Petroleum Corporation (OXY), and OXY's simultaneous $2 billion tender offer for, and consent solicitations relating to, certain outstanding fixed and floating rate notes of multiple series.
  • Citi, as administrative agent, in an amended and upsized $1.9 billion asset-based revolving credit facility for Tenet Healthcare Corporation to temporarily increase aggregate credit commitments.
  • Highbridge, as lender and holder, in an up to $20 million first lien term loan for Senseonics Holdings, Inc., simultaneously with an exchange by Senseonics of outstanding senior convertible notes for second lien secured notes, shares of common stock and warrants, to provide working capital.
  • Highbridge, as holder and lender, in a $24 million exchange of outstanding senior convertible notes for second lien secured notes, shares of common stock and warrants by Senseonics Holdings, Inc., simultaneously with an up to $20 million first lien term loan, to provide working capital.
  • Goldman Sachs, as bookrunner and lead arranger, in a $185 million incremental senior secured term facility for Alchemy US Holdco 1, LLC (a portfolio company of Palladium Equity Partners), to finance Alchemy's acquisition of Reading Alloys, Inc.
  • Goldman Sachs, as arranger, in a $140 million incremental senior secured EMEA term facility for GTT Communications, BV.
  • Goldman Sachs, as first and second lien administrative agent and a lead arranger, in $2.2 billion first and second lien committed financing to support the pending $4.2 billion acquisition of Duff & Phelps LLC by an investor consortium led by Stone Point Capital and Further Global.
  • Mudrick Capital Acquisition Corporation, a SPAC sponsored by Mudrick Capital, in its acquisition of substantially all of the assets of Hycroft Mining Corporation, with an initial enterprise value of approximately $537 million.
  • A financial institution in committed senior unsecured bridge financing to support the $4 billion acquisition by Hasbro, Inc. of Entertainment One Ltd.
  • Morgan Stanley and Credit Suisse in $7.5 billion committed bridge financing to support the pending merger of International Flavors & Fragrances Inc. with the Nutrition & Biosciences (N&B) Business of DuPont in a deal that values the combined company at $45 billion on an enterprise value basis.
  • Goldman Sachs and certain other initial purchasers of $770 million second lien floating rate notes of Sotera Health LLC (a portfolio company of Warburg Pincus) to refinance existing indebtedness and $100 million of first lien floating rate notes to finance a tuck-in acquisition.
  • Cannae Holdings, Inc. in its $247 million offering of 7.5 million common shares and its $474 million follow-on offering of 11 million common shares primarily to fund future acquisitions.
  • J.P. Morgan, Citi and another major financial institution, as representatives of the underwriters, in the $2.375 billion offering of senior unsecured notes by Hasbro, Inc. to finance in part its approximately $4 billion acquisition of Entertainment One Ltd.
  • Goldman Sachs, as a joint lead arranger, in $875 million senior secured refinancing facilities and, as incremental lender; in $150 million senior secured term facilities for ProQuest LLC (a portfolio company of CIG, Atairos Management and Broad Street Principal Investments); and a $210 million senior secured incremental term facility to finance ProQuest’s acquisition of Innovative Interfaces.
  • The lead arrangers in $125 million asset-based revolving, $440 million first lien term and $275 million bridge facilities to finance One Rock Capital's approximately $932 million take-private of Innophos Holdings, Inc.
  • The administrative agent and collateral agent in senior secured facilities to finance Permira’s acquisition of Axiom Global, Inc.
  • Citi, another major financial institution and the other dealer managers in offers aggregating $11.9 billion to exchange certain newly issued senior unsecured debt securities of Occidental Petroleum Corporation for any and all of certain outstanding debt securities of Anadarko Petroleum Corporation.
  • Citi, as administrative agent, and Citi and another financial institution, as joint lead arrangers and joint bookrunners, in $21.8 billion bridge and term loan facilities and a $5 billion revolving working capital facility to support the $55 billion acquisition by Occidental Petroleum Corporation (OXY).
  • Citi, J.P. Morgan, Wells Fargo and another financial institution, as representatives of the underwriters, in a $13 billion fixed and floating rate senior notes offering by Occidental Petroleum Corporation, to finance its acquisition of Anadarko Petroleum Corporation.
  • Highbridge, as lead investor, in an $82 million high-yield offering by Senseonics Holdings, Inc. of convertible notes and an associated consent solicitation.
  • Jefferies, as administrative agent and incremental lender, in a $120 million incremental upsize of $345 million first lien credit facilities for Wrench Group Inc. (a portfolio company of Leonard Green & Partners).
  • Goldman Sachs, as administrative agent, collateral agent and lead arranger, in a senior secured multi-draw term facility for REVA Medical, Inc. and, as lender, in a senior secured exit facility for REVA Medical, Inc., to finance business operations upon emerging from its chapter 11 bankruptcy proceedings.
  • Goldman Sachs, as lead arranger and bookrunner, in a $325 million senior secured term exit facility for Premier Brands Group Holdings LLC (f/k/a Nine West Holdings, Inc.) to finance operations upon its exit from bankruptcy proceedings.
  • Goldman Sachs, as lender alongside UBS, in $150 million of committed financing for the acquisition by Duff & Phelps LLC (a portfolio company of Permira) of Prime Clerk LLC.
  • Brookfield Asset Management Inc. in its approximately $4.8 billion acquisition of a 61.2% stake in Oaktree Capital Group, LLC.
  • Goldman Sachs, as agent, in $9 billion bridge and term loan facilities to support the $10.9 billion acquisition by Conagra Brands, Inc. of Pinnacle Foods Inc.
  • Goldman Sachs, as agent, in $240 million senior secured term and $35 million ABL multicurrency revolving facilities to finance Palladium Equity Partners' acquisition of Kymera International.
  • The administrative agent, collateral agent, joint lead arranger and joint bookrunner, in senior secured facilities for Mavenir Systems Inc. (a portfolio company of Siris Capital Group) to refinance existing indebtedness.
  • Goldman Sachs in a $9 billion bridge facility to support the spin-off by Twenty-First Century Fox, Inc. to its shareholders of a new “Fox,” an entity comprising highly-rated news, sports and broadcast businesses as part of a series of transactions that also included the combination of the rest of the Twenty-First Century Fox businesses with The Walt Disney Company.

Michael is recognized as a “Notable Practitioner” for Capital Markets: Debt, Equity and High-Yield Debt in the U.S. by IFLR1000 and is recommended for Capital Markets: Debt by Legal 500 US.

Michael received his J.D., magna cum laude, from Notre Dame Law School, and his M.B.A., magna cum laude, from the Mendoza College of Business at the University of Notre Dame in 1999. He received his B.A. in Philosophy from Georgetown University in 1995, where he graduated magna cum laude and was elected to Phi Beta Kappa.

Firm News & Announcements, Awards and Recognition, Latest Thinking

Firm News & Announcements

View all

Awards and Recognition