Bank & Leveraged Finance

• Represented UBS and the other lead arrangers in connection with obtaining $219.3 million in incremental term loans and $20 million in incremental revolving commitments for TRC Companies, Inc., a portfolio company of New Mountain Capital, with proceeds used to finance the acquisition of Lockheed Martin Corporation’s distributed energy solutions business.
• Acted as U.S. counsel to BNP Paribas as agent in a secured financing to Vignal Lighting Group.
• Acted as U.S. counsel to a French multinational banking and financial services company as agent in connection with a secured financing.
• Acted as counsel to a regional bank in Southern California as lender in a $230 million credit facility to ConvergeOne Holdings Corp.
• Represented a large U.S. bank as lender in connection with a successful exit and recovery on its approximately $23 million in restructured loans to a California winery.
• Served as lender’s counsel to a registered investment advisory firm located in New York in connection with a $240 million credit facility to Varel International Energy Services, Inc.
• Represented an American multinational investment banking and financial services corporation as administrative agent in the restructuring of an OPIC guaranteed credit facility.
• Counseled BNP Paribas as lead arranger in a $60 million credit facility to leading audiobook distributor Recorded Books, Inc.
• Served as counsel to BNP Paribas as lead arranger, administrative agent and collateral agent in connection with a $102 million senior secured financing for the acquisition of packaging company Fishbein (Intermediary) Corp.
• Counseled one of the largest financial services companies in Japan as agent in connection with a $200 million senior term loan to MEGlobal.
• Served as counsel to one of the largest U.S. bank holding companies as lead arranger and administrative agent in a $5.5 billion senior secured credit facilities to CSC Holdings LLC.
• Acted as counsel to a leading global financial services firm as lead arranger, administrative agent and collateral agent in a $2.2 billion senior secured financing for the recapitalization of AMC Networks Inc. Advised agent bank in connection with a $400 million credit facility for Avista Corporation.
• Acted as counsel to one of the largest Canadian multinational banks as lead arranger and administrative agent on approximately $400 million of nuclear fuel lease financings for Entergy’s nuclear power facilities.
• Represented Nu Pagamentos S.A. (Nubank) in connection with a $50 million senior multi-tranche, multi-currency, asset-backed revolving facility.
• Represented an American financial services company as lead arranger, administrative agent, collateral agent and lender in connection with a $25 million loan restructuring facility to an aerospace manufacturing company (Loan Group Inc.).
• Represented the Export-Import Bank of China as a lender regarding $80 million secured credit facility to Mexican telecommunications provider Totalplay Telecommunications, S.A. de C.V. for expansion of its telecommunications network.
• Represented the initial purchasers in connection with the offering of $5.1 billion aggregate principal amount of notes issued in the form of units by wholly owned subsidiaries of Dynegy Inc. to fund the acquisition of 11 power generation facilities and the retail energy business of Duke Energy Corporation and 10 power generation facilities of EquiPower Resources Corp. and Brayton Point Holdings, LLC from Energy Capital Partners.*
• Represented the debt financing providers in connection with the $8.7 billion purchase of PetSmart by an investor consortium led by BC Partners.*
• Represented the agent and lead arranger in over $1 billion of secured Term Loan B financings, refinancings, repricings and dividend recapitalizations for ION Technologies and Wall Street Systems.*
• Represented the agent and lead arranger in a $420 million U.S. dollar-denominated term loan, a €200 million euro-denominated term loan and a $20 million revolving credit facility for affiliates of ION Investment Group in their acquisition of a controlling stake in Dealogic.*
• Represented the agent and lead arranger in a $385 million secured Term Loan B financing and a $60 million revolving credit facility in connection with the acquisition of TRC Companies by New Mountain Capital and in a subsequent incremental facility.*
• Represented the agent and lead arranger in a $470 million first lien Term Loan B Financing and the agent on a $160 million second lien Term Loan B financing in connection with the acquisition of ABB Con-Cise by New Mountain Capital and in a subsequent incremental facility and an annual-end-extend.*
• Represented the agent and direct lenders in a $70 million secured financing for the acquisition of DevalCurl.*
• Represented the agent and direct lenders in a $79 million secured financing for 160over90.*
• Represented the agent and direct lender in a first lien term loan and revolving credit facility to finance Apollo’s acquisition of apparel suppliers to Nike with manufacturing facilities and collateral in various Central American jurisdictions.*
• Represented the term loan agent and lender in a term loan/ABL unitranche facility to finance a private equity sponsor’s acquisition of an audio developer and manufacturer.*
• Represented the agent and lender in a first lien term loan and revolving credit facility with U.S. and Dutch co-borrowers to finance a U.S. public company’s acquisition of Dutch private company in the global apparel and footwear industry.*
• Represented the agents and arrangers in a $200 million first lien term loan and revolving credit facility to finance Apax’s acquisition of ThoughtWorks, Inc.*
• Represented the agent and lender in a first lien term loan and revolving credit facility to finance Staple Street Capital’s acquisition of Dominion Voting Systems.*
• Represented the agent and direct lender in a secured financing for the carveout acquisition of certain assets comprising the Buck business from Conduent Business Services, LLC and Conduent Incorporated by H.I.G. Capital.*
• Represented the agent and direct lender in a secured financing for the acquisition of AIT Worldwide Logistics by Quad-C Management.*
• Represented the agent and direct lender in a secured financing for the acquisition of ATC Drivetrain by Crestview Advisors.*
• Represented the agent and direct lender in a secured financing for the acquisition of G4S Youth Services by Boyne Capital Management, LLC.*
• Represented the agent and direct lender in a refinancing of Inteva Products, LLC.*
• Represented the agent and direct lender in a $393 million term loan and $25 million revolving credit facility for the acquisition IWCO Direct by ModusLink and Steel Partners.*
• Represented the agent and direct lender in a secured financing for the acquisition of TMP Worldwide by Gemspring Capital.*
• Represented the agent and direct lender in a secured financing for the acquisition of Trulite Glass & Aluminum Solutions, LLC by Sun Capital Partners.*
• Represented the agent and direct lender in a secured financing for the acquisition of Worley Claims Services, LLC by Aquiline Capital Partners LLC.*
• Represented the agent and direct lender in an investment in Foundation Consumer Healthcare to purchase the assets of Plan B One-Step by Kelso & Company and Juggernaut Capital Partners.*
• Represented the agent and direct lender in a secured financing for the acquisition of Jefferson Capital International by J.C. Flowers.*
• Represented the agent and direct lender in a secured financing for the acquisition of Diamond Products, LLC by Brookstone Partners.*

Borrower’s Counsel

• Represented SYNNEX Corporation in connection with a Rule 144A/Regulation S offering of $2.5 billion aggregate principal amount of its senior notes.
• Represented Four Hands LLC, a manufacturer and distributor of home furnishing products headquartered in Austin, TX in a $92 million secured credit facility ($77 million term loan and $15 million revolver) led by Zions First National Bank.
• Represented Sinclair in connection with its indirect subsidiary Diamond Sports Group, LLC obtaining senior secured credit facilities in the aggregate principal amount of $3,950 million, comprised of a $3,300 million term loan facility and a $650 million revolving credit facility. Proceeds from the term loan were used to partially finance the acquisition of the equity interests in 21 Regional Sports Networks and Fox College Sports, which were acquired by Disney in its acquisition of Twenty-First Century Fox, Inc.
• Advised Sinclair Broadcast Group, Inc., one of the largest and most diversified television broadcasting companies in the country, in connection with the Rule 144A/Reg S offering of $3,050 billion aggregate principal amount of 5.375 percent Senior Secured Notes due in 2026 and $1,825 billion aggregate principal amount of 6.625 percent Senior Notes due in 2027 by Sinclair’s subsidiaries, Diamond Sports Group, LLC and Diamond Sports Finance Company, as part of the financing for the $9.6 billion pending acquisition of a regional sports networks business from The Walt Disney Company.
• Represented Wilbur-Ellis Co., an international marketer and distributor of agricultural products, animal nutrients and specialty chemicals, in its acquisition of Nachurs Alpine Solutions Corp. Nachurs Alpine Solutions has more than 200 employees in more than 85 distribution terminals in the U.S. and Canada.
• Counseled PETCO Animal Supplies Inc. as a borrower in $1.5 billion senior secured credit facilities.
• Served as lead outside borrower’s counsel to Renewable Energy Group Inc. regarding secured revolving credit facility for a subsidiary biofuels trading company.
• Represented Performant Financial Corporation in the restructuring and workout of its Term Loan B credit facility and the refinancing of such term loan by a strategic investor.
• Advised Clearwater in connection with structuring and financing of pari passu credit facilities in the aggregate of $300 million, independently provided by commercial bank syndicate and banks in the United States Farm Credit System.
• Advised Encore Capital Group in connection with the amendment and restatement of its secured credit facility, including multiple tranches of term and revolving credit facilities, extending the maturity of the facility and increasing the facility to $950 million.
• Advised Encore Capital Group in connection with the amendment and restatement of its note purchase agreement pursuant to which additional Senior Secured Notes were issued for a total aggregate amount of $350 million.
• Advised Hawaiian Electric Industries, Inc. and its subsidiary Hawaiian Electric Company on establishing or renewing $500 million of term and revolving credit facilities.
• Served as Willis Lease Finance Corporation’s lead outside borrower’s counsel in refinancing and expansion of revolving credit facility structured to enable Willis to engage in multiple types of alternative debt financings globally.
• Acted as SYNNEX Corporation’s lead outside borrower’s counsel in the refinancing of a JPY14 billion Japanese law-governed credit facility for independent financing of SYNNEX’s Japanese operations through a syndicate of Japanese banks.
• Counseled Tenaska Energy Inc. and Tenaska Energy Holdings LLC as borrowers in connection with a $225 million secured revolving credit facility and reimbursement agreement.
• Represented SYNNEX Corporation in connection with a $1.8 billion credit facility and an increase in its trade receivables securitization facility to $600 million.
• Served as lead outside borrower’s counsel to Headwaters Incorporated in connection with the repricing of a $425 million term loan B facility, and subsequent $350 million incremental facility amendment.
• Served as lead outside borrower’s counsel to Trina Solar, one of the world’s largest solar panel companies, in connection with supply chain financing for its U.S. subsidiary.
• Represented ARC Document Solutions in connection with the refinancing of a $205 million combined term loan and revolving loan credit facility that was syndicated in the pro rata bank market.
• Represented Ingenio in the near doubling of its credit facility as part of the leveraged acquisition to finance a strategic purchase.
• Represented Encore Capital Group Inc. in connection with an $850 million term loan/revolving credit facility and a $75 million senior secured notes offering.
• Represented Sharp Electronics Corporation on the establishment of its $800 million receivables trust financing program.
• Represented Mission Essential Personnel LLC in connection with a $65 million senior secured facility for the financing of an acquisition and the restructuring of existing debt.
• Represented Vyve Broadband, a portfolio company of Brown Brothers Harriman, in a refinancing of two secured credit facilities into a single $90 million credit facility.*
• Advised public fracking company in connection with its entry into a $350 million term loan facility to refinance an existing term loan facility.*
• Advised a middle market private equity sponsor in connection with its approximately $100 million leveraged buyout of a manufacturer of precision machined products.*

*Pillsbury lawyers’ recent experience at a prior law firm.

• Nationally recognized by IFLR 1000.