Nitin Konchady

Biography

Nitin Konchady
Nitin Konchady is a partner in Weil’s Banking & Finance and Capital Markets practice. Nitin regularly acts for private equity sponsors and their portfolio companies, investment banks, corporates and bond investors on high-yield debt offerings and leveraged and acquisition finance transactions across the U.S. and European markets. He also has significant experience advising on a wide variety of other cross-border and complex debt and equity capital markets transactions, bond restructurings, liability management transactions and U.S. securities law matters.

Nitin is ranked as a Next Generation Partner for High Yield in Legal 500 and is also Highly Regarded for Capital markets: High Yield in IFLR1000.

Representative experience:

Debt Capital Markets / Leveraged Finance

  • Iron Mountain Incorporated in the bridge commitments and $750 million offering of senior notes to finance its acquisition of ITRenew
  • NEOGEN Corporation in the bridge financing for its pending $5.3 billion combination with the Food Safety business of 3M
  • Mudrick Capital in its $200 million investment in senior secured convertible notes issued by Vertical Aerospace as part of its business combination with Broadstone Acquisition Corp
  • Initial purchasers on multiple offerings of senior notes by Royal Caribbean Cruises
  • Broadstreet Partners in its $400 million debut offering of senior notes to refinance existing debt and $325 million follow-on offering to finance an acquisition
  • InPost SA in its €490 million debut offering of senior notes to finance the acquisition of Mondial Relay
  • An investor in TDR portfolio company Stonegate’s issuance of senior secured notes in exchange of senior secured term loans, and related consent solicitation
  • An investor in Universal Entertainment Corporation’s $100 million issuance of senior secured notes to refinance existing debt
  • Goldman Sachs funds in an investment in Soho House in the form of $440 million (equivalent) senior secured notes and $175 million convertible preference shares
  • An investor in Transocean’s $250 million exchange of its existing exchangeable bonds for new exchangeable bonds and cash
  • Southeastern Grocers in its $325 million offering of senior secured notes to refinance existing debt
  • An investor in Hellman & Friedman portfolio company TeamSystem’s issuance of €300 million PIK toggle notes in connection with a fund-to-fund transfer
  • Citi and the other arrangers on the financing for KPS Partners’ $2.1 billion acquisition of Garrett Motion out of Chapter 11 proceedings
  • An investor in the bridge and bond financing for Advent International and Cinven’s acquisition of thyssenkrupp’s elevator technology business
  • Iron Mountain Incorporated in its $1.1 billion offering of senior notes to refinance existing debt
  • Goldman Sachs and the other initial purchasers on Great-West Lifeco’s $1.5 billion multi-tranche offering of senior notes
  • Goldman Sachs, BofA Merrill Lynch, Morgan Stanley and the other initial purchasers and arrangers on Hellman & Friedman portfolio company Verisure’s €1.6 billion financing, consisting of senior secured notes and a senior secured credit facility, to refinance existing debt
  • Advent International in the financing for its £4.0 billion take-private of Cobham plc
  • Bain Capital in the €1.5 billion offering of senior secured notes and senior notes to finance its acquisition of the Kantar business from WPP plc
  • Initial purchasers on CVC portfolio company Domestic & General’s £635 million (equivalent) offering of senior secured notes and senior notes in connection with a fund-to-fund transfer
  • Investors in Aston Martin’s private offering of delayed-draw senior secured notes
  • Investors in GEMS Education’s offering of senior secured notes
  • Morgan Stanley, Goldman Sachs and the other initial purchasers on Verisure’s €400 million offering of senior secured notes and senior notes to refinance existing debt
  • Novalpina Capital in the €200 million bridge and senior secured notes financing for its take-private of Olympic Entertainment
  • Paprec Group in its €800 million offering of senior secured notes to refinance existing debt
  • Infopro, a portfolio company of TowerBrook, in its €150 million bridge and senior secured notes financing for its acquisition of DOCUgroup
  • Goldman Sachs and the other initial purchasers on Verisure’s €1.145 billion (equivalent) offering of senior notes to refinance existing debt, and Goldman Sachs as solicitation agent in a related consent solicitation
  • Goldman Sachs, UBS and the other initial purchasers on Limacorporate’s €275 million offering of senior secured notes to refinance existing debt
  • Infopro in its €500 million offering of senior secured notes
  • The underwriters on the $265 million bridge and senior notes financing for Triton’s acquisition of WernerCo
  • Paprec Group in the €225 million bridge and senior secured notes financing for its acquisition of Coved
  • Goldman Sachs, Deutsche Bank, Natixis and Société Générale on the €328 million bridge and bond financing for HomeVi’s acquisition of SARQuavitae
  • Investors in Cognita’s private offering of senior secured notes
  • Goldman Sachs and the other underwriters on the €600 million bridge and bond financing for Hellman & Friedman’s acquisition of TeamSystem
  • Goldman Sachs, Morgan Stanley and the other arrangers on the €2.7 billion bridge and bond financing for Hellman & Friedman’s acquisition of Bain Capital’s holding in Securitas Direct
  • Perform Group, a portfolio company of Access Industries, in its £175 million debut offering of senior secured notes to refinance existing debt
  • Goldman Sachs, Deutsche Bank and J.P. Morgan in the offering of senior secured notes to finance PizzaExpress’ acquisition of franchises in China
  • Goldman Sachs, Deutsche Bank and Natixis on the €125 million bridge and bond financing for DomusVi’s acquisition of Geriatros
  • Centerbridge Partners in the offering of senior secured notes to finance its €1.2 billion acquisition of Senvion

Restructuring / Liability Management  

  • Ad-hoc bondholder group on Ferroglobe’s balance sheet restructuring, involving an exchange offer for $350 million of senior secured notes, $60 million issuance of super-priority senior secured notes and a $40 million equity raise
  • Norwegian Air Shuttle and its affiliates, Arctic Aviation Assets DAC, in U.S. chapter 15 proceedings and related U.S. securities law aspects of the restructuring of $5.9 billion of liabilities through Irish examinership and Norwegian reconstruction proceedings
  • National Public Finance Guarantee Corporation on the debt restructuring of the Commonwealth of Puerto Rico and certain of its instrumentalities
  • Ad-hoc bondholder group on KCA Deutag’s $1.4 billion restructuring, involving a debt for equity exchange and reinstated senior secured notes, implemented via a UK scheme of arrangement
  • Ad-hoc bondholder group on Ascent Resources Utica Holdings’ offer to exchange $925 million of senior notes for a combination of $538 million of second lien term loans and the balance in new senior notes
  • Ad-hoc bondholder group 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
  • syncreon Group in its balance sheet restructuring involving $1.1 billion of funded debt, via a UK scheme of arrangement followed by chapter 15 recognition in the United States
  • Ad-hoc creditors group on Dana Gas’ $700 million sukuk restructuring
  • Certain PIK lenders on the balance sheet restructuring of Algeco Scotsman
  • Ad-hoc creditors group on Edcon’s restructuring involving ZAR 29 billion ($2.2 billion) of debt, via a South African compromise proceeding followed by chapter 15 recognition in the United States
  • Ad-hoc bondholder group on Enquest’s £2.5 billion balance sheet restructuring involving a UK scheme of arrangement followed by U.S. chapter 15 proceedings, and a related equity offering
  • Franklin Templeton and the other ad-hoc creditors’ group members on the $18 billion exchange offers to restructure Ukraine’s sovereign debt
  • Liability management transactions for several companies including Almatis and Cognor

Equity Capital Markets  

  • A SPAC in its approximately $300 million initial public offering and listing on NASDAQ (ongoing)
  • Goldman Sachs, Banco Itau BBA and the other underwriters and placement agents on Oncoclinicas do Brasil Servicos Medicos’ approximately $700 million initial public offering and listing on the B3 - Brazil Stock Exchange
  • InPost and the selling shareholders on the initial public offering and listing of InPost on the Euronext Amsterdam, the largest ever European technology IPO
  • Ardian and Sofina in their €80 million sale of shares in Mersen via an accelerated bookbuild process
  • Kinder Morgan Canada Limited in its CDN$1.75 billion offering of restricted voting shares
  • Centerra Gold in its CDN$170 million offering of subscription receipts, representing a right to receive common shares, to finance its acquisition of Thompson Creek Metals Company
  • First Quantum Minerals in its CDN$1.5 billion offering of common shares and listing on the Toronto Stock Exchange
  • Advent International in its £60 million sale of shares in DFS Furniture plc via an accelerated bookbuild process
  • General Atlantic in its €120 million sale of shares in Axel Springer via an accelerated bookbuild process
  • Advent International in multiple sales of shares in Equiniti plc via accelerated bookbuild processes
  • Initial public offerings and rights issuances by Brit Insurance, FirstGroup, RSA Insurance Group, Stock Spirits Group, etc. (while at previous firm)

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