Morgan Bale

Biography

Morgan Bale
Morgan Bale is a partner in Weil’s Banking & Finance practice based in New York. He has wide experience in all areas of domestic and cross-border bank financing.

Mr. Bale regularly represents financial institutions and corporate borrowers in connection with acquisition finance and other event-driven lending transactions, encompassing investment grade, leveraged cash-flow and asset-based syndicated credit facilities (including first and second lien secured loans), as well as loan restructurings, debtor-in-possession financings and exit financings. Clients which Mr. Bale represents include Barclays, Bank of America Merrill Lynch, Citi, Deutsche Bank, Goldman Sachs, J.P. Morgan, Mizuho, Morgan Stanley, Royal Bank of Canada, and Wells Fargo.

Recent Representations:

  • Goldman Sachs and Morgan Stanley, as joint lead arrangers, joint bookrunners, and agents, in a $5 billion bridge financing commitment to support the $6 billion merger of CenterPoint Energy, Inc. and Vectren Corporation.
  • JPMorgan Chase, Bank of America Merrill Lynch and Goldman Sachs, as joint lead arrangers and joint bookrunners, in a senior unsecured bridge facility to support the pending $18.7 billion merger of Keurig Green Mountain, Inc. (a portfolio company of JAB Holding Company) and Dr Pepper Snapple Group, Inc.
  • Goldman Sachs in an up-to $9 billion bridge facility for a new “Fox,” an entity comprising highly-rated news, sports and broadcast businesses to be spun off by Twenty-First Century Fox, Inc. to its shareholders.
  • Barclays, Goldman Sachs and Bank of America Merrill Lynch, as joint lead arrangers, in $49 billion committed facilities to finance in part CVS Health Corporation’s pending $77 billion acquisition of Aetna Inc.
  • Goldman Sachs and Bank of America Merrill Lynch, as joint lead arrangers and joint bookrunners, in a $13.7 billion committed unsecured bridge facility to finance Amazon’s $13.7 billion acquisition of Whole Foods Market.
  • Citi, as sole lead arranger and sole lead bookrunner, in $15.7 billion fully committed bridge financing and $4.5 billion term and revolving working capital facilities for Becton, Dickinson and Company (BD), to support BD's $24 billion acquisition of C. R. Bard Inc.
  • Morgan Stanley, as sole lead arranger and sole lead bookrunner, in $4.5 billion committed bridge and $1.8 billion term acquisition-related facilities and a $1.5 billion revolving facility for Tyson Foods, Inc., to finance, respectively, its $4.2 billion merger with AdvancePierre Foods Holdings, Inc., and its general corporate purposes.
  • Goldman Sachs, Deutsche Bank and JPMorgan Chase, as joint lead arrangers and joint bookrunners, in £12.2 billion bridge financing to support Twenty-First Century Fox, Inc., in its pending approximately £11.7 billion acquisition of all the share capital it does not already own of Sky plc.
  • Morgan Stanley, as sole lead arranger and sole bookrunner, in $3.1 billion bridge financing to support the $4.3 billion acquisition by Parker Hannifin Corporation of CLARCOR Inc.
  • Goldman Sachs, as administrative agent, sole lead arranger and bookrunner, in an $8 billion committed bridge facility to finance the pending $12.2 billion cash and stock acquisition by Great Plains Energy Incorporated of Westar Energy Inc.
  • RBC Capital Markets and Mizuho Bank, Ltd., as joint lead arrangers, joint bookrunners and agents, in bridge and term facilities for Dominion Resources, Inc. to finance its approximately $5.9 billion acquisition of Questar Corporation.
  • Goldman Sachs, as administrative agent, sole lead arranger and bookrunner, in a $4.2 billion committed bridge facility to finance the proposed cash and stock acquisition by Lam Research Corporation of KLA-Tencor Corporation.
  • Bank of America Merrill Lynch, as sole lead arranger and exclusive sole bookrunner, in a $3.7 billion committed bridge facility to finance in part the cash acquisition by St. Jude Medical, Inc. of Thoratec Corporation.
  • Bank of America Merrill Lynch and Morgan Stanley, as lead arrangers and providers, in a $2.9 billion committed bridge facility for Verisk Analytics, Inc. to finance its £1.85 billion acquisition of Wood Mackenzie.
  • Morgan Stanley Senior Funding in a $3.4 billion committed bridge facility and a $1.3 billion term facility for Harris Corporation to finance its $4.75 billion acquisition of Exelis, Inc.
  • Morgan Stanley and Goldman Sachs, as financial advisors and providers of £1.6 billion bridge facilities to XL Group plc to finance in part its £2.79 billion acquisition of Catlin Group Limited.
  • Goldman Sachs, as administrative agent and arranger, in the fully committed $9.1 billion bridge facility for Becton, Dickinson and Company to finance its $12.2 billion acquisition of CareFusion Corporation.
  • Morgan Stanley in its $2.5 billion bridge commitment to Alcoa, Inc. to finance its $2.85 billion acquisition of Firth Rixson Limited.
  • Morgan Stanley and J.P. Morgan in the fully committed bridge facility for Tyson Foods, Inc. to finance its $8.55 billion unilaterally binding offer to acquire The Hillshire Brands Company.
  • Barclays and Goldman Sachs in their $7.2 billion bridge commitment to Exelon Corporation to finance its proposed acquisition of Pepco Holdings Inc.
  • Goldman Sachs in $4.75 billion bridge commitments to finance a portion of the proposed $8.2 billion acquisition by Sysco Corporation of US Foods, Inc.
  • AK Steel Corporation in its $1.1 billion revolving credit facility.
  • Morgan Stanley in a 364-day investment grade committed bridge facility to support the $2.65 billion acquisition by Weyerhaeuser of Longview Timber.
  • Goldman Sachs, as joint lead arranger, joint bookrunner and administrative agent, in a $3.5 billion senior unsecured bridge facility in connection with the $6.7 billion strategic investment by Walgreen Co. in Alliance Boots GmbH.
  • Morgan Stanley and Deutsche Bank, as arrangers and administrative agents, in a $1.9 billion senior unsecured bridge facility for Molson Coors Company to finance, in part, its $3.5 billion acquisition of StarBev.
  • Barclays, as sole lead arranger and sole bookrunner, in a $1 billion senior unsecured bridge facility for Kellogg Company to finance its $2.7 billion acquisition of Procter & Gamble’s Pringles snack business.
  • Morgan Stanley and JPMorgan, as joint bookrunners and lead arrangers, in a $1 billion bridge term loan, a $500 million revolving facility and a $250 million revolving facility for DENTSPLY International Inc. to finance its $1.8 billion acquisition of Astra Tech.
  • Morgan Stanley and J.P. Morgan, as joint lead arrangers, in a $2 billion investment grade revolving facility for Marathon Petroleum Corporation to finance its spin-off from Marathon Oil Corporation.
  • Morgan Stanley, as administrative agent and joint lead arranger, in a $3 billion revolving facility for Danaher Corporation to finance in part Danaher's $5.9 billion acquisition of Beckman Coulter.

Mr. Bale joined our London office in 1998 and became a Partner in 2005. He was recognized as a 2014 Banking MVP by Law360. He is also regularly ranked as a leading lawyer in Banking & Finance by Chambers USA and Chambers Global, is highly regarded in Banking & Finance by IFLR1000 and is named a recommended lawyer in Bank Lending by The Legal 500 US.

He received his undergraduate degree in Philosophy (BA Hons.) from the University of York in 1989, graduated from the College of Law in York in 1993 and received a LLM from the University of Virginia School of Law in 2002.

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