Experience

• • Konica Minolta, a Japanese multinational equipment and materials manufacturer operating in the healthcare and industrial industries, in the $600 million sale of its subsidiary, Ambry Genetics, to Tempus AI.
  • Alaska Air Group in its $2.85 billion financings consisting of a $2 billion loyalty secured senior notes offering and term loan facility and a new $850 million revolving credit facility.
  • FitzWalter Capital in the formation of FitzWalter Capital Partners II, a c.$1.4 billion fund.
  • Hawaiian Airlines in its exchange offer of $1.2 billion aggregate principal amount of 5.750% Senior Secured Notes due 2026 for $985 million aggregate principal amount of 11.000% Senior Secured Notes due 2029 and cash and related consent solicitation, which closed on July 26, 2024.
  • Warner Bros. Discovery in the cash tender offer to purchase up to approximately $2.61 billion aggregate purchase price of senior notes.
  • Ambac in the $420 million sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac UK, to funds managed by Oaktree Capital Management.
  • Ambac in its acquisition of a majority stake in Beat Capital Partners in a transaction valued at approximately $282 million.
  • Warner Bros. Discovery in the offering of €650 million aggregate principal amount of 4.302% Senior Notes due 2030 and €850 million aggregate principal amount of 4.693% Senior Notes due 2033.
  • The Special Committee of SiriusXM in its agreement to combine SiriusXM with Liberty Media’s Liberty SiriusXM tracking stock group to create New SiriusXM, a new public company.
  • Spirit Airlines in its $600 million secured notes offering, backed by assets and intellectual property of Spirit’s Free Spirit and Spirit Saver$ Club programs.
  • The Joint Committee of the Board of Directors of BGC Partners in BGC Partners’ conversion into a corporate structure.
  • Wilton Re, a majority-owned reinsurance company of CPP Investments, in its sale of Ivari, a Toronto-based life insurance company, to Sagicor Financial Company.
  • Spirit Airlines in its sale, later terminated, to JetBlue for $3.8 billion.
  • LIBERTY Dental Plan Corporation, a dental benefits administrator, in its sale of a majority stake in LIBERTY to Welsh, Carson, Anderson & Stowe, a private equity firm.
  • Spirit Airlines in its merger, later terminated, with Frontier Group Holdings, parent company of Frontier Airlines, in a transaction valued at $6.6 billion.
  • Carlyle in its acquisition of a majority stake in Saama, a leading AI-driven intelligent clinical cloud company that enables the life sciences industry to conduct faster and safer clinical developments and regulatory programs.
  • Discovery, Inc. in the acquisition of WarnerMedia from AT&T in a Reverse Morris Trust transaction that values the combined entity at approximately $130 billion.
  • Lannett Company in its $585 million comprehensive refinancing.
  • Schneider Electric in its acquisition of a strategic minority stake in Uplight, the technology partner of energy providers transitioning to clean energy, in a transaction valuing Uplight at approximately $1.5 billion.
  • MassMutual in its $3.5 billion acquisition of Great American Life, a wholly owned subsidiary of American Financial Group.
  • Ambac Financial Group, a financial services holding company, in its acquisition of Xchange Benefits and Xchange Affinity Underwriting Agency, property and casualty managing general underwriters.
  • Kindred Healthcare in the sale of its RehabCare business line, a provider of contract therapy services in 43 states, to Select Rehabilitation, a leading provider of contract rehabilitation services.
  • JetBlue in its $808 million 2020-1 EETC offering and $116 million 2019-1B EETC offering.
  • Gogo, the leading inflight Internet company, in the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction.
  • Alaska Airlines and Horizon Air Industries in their $1.17 billion inaugural EETC offering.
  • The Special Committee of Liberty Broadband in Liberty Broadband’s $10.59 billion acquisition of GCI Liberty.
  • Prudential Financial in its $1.9 billion sale of Prudential Life Insurance of Korea to KB Financial Group.
  • Prudential Financial in its $2.35 billion acquisition of Assurance IQ.
  • Hojeij Branded Foods in its $330 million sale to Lagardère Travel Retail.
  • Carlyle in its acquisition of an outstanding interest in NEP Group from Crestview Partners.
  • AXA and AXA Equitable Holdings on the initial public offering of AXA Equitable Holdings on the New York Stock Exchange for approximately $4 billion, and AXA Equitable Holdings in its offering and sale of $3.8 billion of senior notes.
  • American Airlines in first-ever JOLCO to a U.S. airline involving Crédit Agricole Corporate and Investment Bank, Tokyo Branch, a transaction awarded the “Jolco Finance Deal of the Year: Americas” by Global Transport Finance for its “pioneering Jolco structure”.
  • Discovery, Inc. in its $14.6 billion acquisition of Scripps Networks Interactive.
  • Global Infrastructure Partners in the formation of Global Infrastructure Partners III, a $15.8 billion infrastructure fund.
  • Clayton, Dubilier & Rice and Temasek Holdings (Private) Limited as selling shareholders and Univar in the $315.6 million secondary offering of common stock of Univar.
  • American Coastal Insurance Company and its parent, RDX Holding Corp., in its merger with United Insurance Holdings Corp.
  • J.C. Flowers and Ascensus in the sale of Ascensus to Genstar Capital and Aquiline Capital Partners.
  • Providence Equity Partners and SRA in the merger of SRA with the government services unit of CSC, creating the largest pure-play IT services provider serving the U.S. government sector.