Experience

• • Clayton, Dubilier & Rice in the financing aspects of its acquisition, together with TowerBrook Capital Partners, of R1 RCM.
  • TD Securities and J.P. Morgan Securities, as representatives of the initial purchasers, in the offer and sale by Beacon Funding Trust of $1.25 billion of pre-capitalized trust securities redeemable August 15, 2054.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $500 million aggregate principal amount of 6.350% senior notes due 2029.
  • PetSafe Brands, a Clayton, Dubilier & Rice portfolio company, in the $925 million refinancing of existing debt facilities.
  • Veritiv, a Clayton, Dubilier & Rice portfolio company, on the financing for its acquisition of Orora Packaging Solutions, the North American packaging and distribution business of Orora.
  • Wilsonart, a Clayton, Dubilier & Rice portfolio company and engineered surfaces company, in its $1.8 billion refinancing consisting of a $1.1 billion Senior Secured Term Loan Facility, $500 million senior notes offering and $250 million Senior Secured Revolving Facility.
  • 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.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $450 million aggregate principal amount of 6.500% senior notes due 2029.
  • Clayton, Dubilier & Rice, and its indirect subsidiary Verde Purchaser, in $2.125 billion of financing for CD&R’s $2.6 billion acquisition of Veritiv Corporation.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $400 million aggregate principal amount of 7.950% senior notes due 2028.
  • Morgan Stanley, Barclays, HSBC and Wells Fargo Securities, as representatives of the underwriters, in the public offering of $750 million aggregate principal amount of Tier 3 5.750% Senior Notes by RenaissanceRe due 2033.
  • Morgan Stanley and Goldman Sachs, as representatives of the underwriters, in the offering and sale of $1.4 billion of common shares by RenaissanceRe Holdings Ltd.
  • Westpac in its offer and sale of $1.75 billion of 4.184% Covered Bonds Series 2023-C3 due May 22, 2028.
  • Everest Re in its $1.5 billion public offering of common shares.
  • Merrill Lynch International and Deutsche Bank AG, London Branch, as representatives of the managers in the offering by Liberty Mutual Group Inc. of €500 million aggregate principal amount of its 4.625% senior notes due 2030.
  • Westpac in its SEC registered offer and sale of $1.25 billion 5.350% Notes due 2024 and $1.25 billion 5.457% Notes due 2027.
  • Pacific LifeCorp in its issuance and sale of $750,000,000 aggregate principal amount of its 5.400% Senior Notes due September 15, 2052.
  • Westpac in its offer and sale of $1.75 billion of 1.552% Covered Bonds Series 2021-C3 due September 30, 2026.
  • Westpac in its offer and sale of $1.2 billion of 3.371% Covered Bonds Series 2022-C5 due June 7, 2027.
  • Market Bidco Finco Plc, an indirect subsidiary of funds managed or advised by Clayton, Dubilier & Rice, in the offerings of £1.075 billion and €545 million of senior secured fixed rate notes relating to the financing of CD&R’s acquisition of Wm Morrison Supermarkets Limited.
  • Credit Suisse and Goldman Sachs as representatives of the initial purchasers in Liberty Mutual’s $1 billion offering of 5.500% senior notes due 2052.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $550 million aggregate principal amount of 3.750% notes due 2027.
  • Clayton, Dubilier & Rice in its tender offer to acquire a series of outstanding notes issued by Wm Morrison Supermarkets Plc, and a consent solicitation relating to such series of outstanding notes, as part of its £7 billion acquisition of Morrisons.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisition of PwC’s Global Mobility Tax and Immigration Services practice, the global leader in employee tax, immigration, business travel, cross-border managed services, and payroll solutions to multinational organizations and their employees.
  • Liberty Mutual in its $500 million offering of 4.125% junior subordinated notes due 2051.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Syniverse’s $2.85 billion merger, later terminated, with special purpose acquisition company M3-Brigade Acquisition II Corp. resulting in Syniverse becoming a publicly traded company.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $500 million aggregate principal amount of 2.750% notes due 2027.
  • The underwriters in the $500 million public offering of depository shares by RenaissanceRe.
  • Fifth Wall Acquisition Corp III, a special purpose acquisition company (SPAC), in its $275 million initial public offering.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Twilio’s $750 million investment in Syniverse.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the offer and sale of $500 million aggregate principal amount of 3.950% notes due 2026.
  • Ascot Group Limited in its $400 million offering of its 4.250% senior notes due 2030.
  • Pacific LifeCorp in its issuance and sale of $750,000,000 aggregate principal amount of its 3.350% Senior Notes due September 15, 2050.
  • JetBlue in its $808 million 2020-1 EETC offering and $116 million 2019-1B EETC offering.
  • Alaska Airlines and Horizon Air Industries in their $1.17 billion inaugural EETC offering.
  • Cornerstone Building Brands in the pricing of its $500 million offering of 6.125% unsecured senior notes due 2029.
  • International Paper in its cash tender offers for three outstanding series of senior notes.
  • Goldman Sachs and Morgan Stanley, as lead underwriters, in RenaissanceRe’s $1.1 billion offering of common stock.
  • Guardian in the offer and sale of $400 million of 1.100% fixed rate notes due 2025 pursuant to a takedown off of its existing funding agreement backed notes program.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the placement of $215 million of senior unsecured notes.
  • Morgan Stanley in the secondary offering and sale of 1,739,071 shares of RenaissanceRe Holdings. common stock by Tokio Marine Holdings.
  • Globo Comunicação e Participações S.A. in a 144A/Reg S offering of $500 million of its 4.875% senior unsecured notes due 2030.
  • The managers in an offering by Liberty Mutual (the "Company") of €500 million aggregate principal amount of 3.625% Series D Junior Subordinated Notes due 2059 (the "Notes"), which were structured as Euro-denominated hybrid securities. Net proceeds from the Notes were used to repay the outstanding amounts of the Company's Series B Junior Subordinated Notes and for general corporate purposes, including repurchases of the Company's Series A Junior Subordinated Notes pursuant to a tender offer.
  • National Life Insurance Company in its $128 million offering of additional 5.250% fixed-to-floating rate surplus notes due 2068.
  • Citigroup, BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities as lead underwriters in the $400 million offering of 3.600% senior notes due 2029 issued by RenaissanceRe Holdings Ltd.
  • BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities as lead underwriters in the offering of 10 million depositary shares, each representing a 1/1,000th interest in a share of 5.750% preference shares, issued by RenaissanceRe Holdings Ltd.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the placement of $280 million of senior unsecured notes.
  • Nationstar Mortgage, a leading mortgage servicer and originator, in its $3.8 billion merger with WMIH.
  • Barclays, Goldman Sachs & Co., UBS Investment Bank and Wells Fargo Securities in the $1.0 billion offering of 4.875% senior notes due 2024 by an insurance company.
  • Morgan Stanley and Barclays as lead underwriters in the $300 million offering of 3.700% senior notes due 2025 issued by RenaissanceRe Finance and guaranteed by RenaissanceRe Holdings Ltd.
  • The initial purchasers in Liberty Mutual's €750 million debut Eurobond offering of 2.75% notes due 2026.
  • Westpac in its $1.35 billion offering of 2.1% covered bonds due 2021.
  • Westpac, in the establishment of a U.S. registered Additional Tier 1 Capital securities program, and the subsequent public offering, acting through its New Zealand Branch, of 5.000% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities.
  • Westpac in the tender offer for its Australian-government guaranteed medium-term notes issued pursuant to Rule 144A.
  • Westpac in its $1.5 billion sale of three-year notes guaranteed by the Government of New Zealand.
  • Westpac in its $1 billion offering of covered bonds and $3.75 billion offerings of fixed rate notes due 2018 and floating rate notes due 2020.
  • Merrill, Lynch, Pierce, Fenner & Smith and Citigroup Global Markets as representatives of the initial purchasers in the $300 million offering of 4.850% Senior Notes due 2044 by Liberty Mutual. This offering was a "re-opening" in addition to $750 million of 4.850% Senior Notes offered by Liberty Mutual in July 2014.
  • Westpac in its $2.25 billion offering of monthly extendible notes.
  • Corporate Risk Holdings (f.k.a. Altegrity), a global, diversified risk and information services company, together with its operating businesses Kroll, HireRight and USIS, in their pre-negotiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware, in which they restructured more than $1.8 billion in indebtedness. This restructuring was honored by Turnarounds & Workouts as one of ten “Successful Restructurings 2015.
  • Carlyle in its $3.3 billion acquisition of Getty Images.
  • Stone Point Capital in a $1.34 billion senior secured term loan facility, $200 million senior secured revolving credit facility and $535 million offering of senior notes in connection with Stone Point’s significant equity investment in Alliant Insurance Services.
  • Westpac in its registered public offering of $1 billion 1.55% notes due 2018, $1 billion 2.30% notes due 2020 and $600 million floating rate notes due 2018.
  • Westpac in its registered public offering of $1.35 billion 1.50% notes due 2017 and $650 million floating rate notes due 2017.
  • Knighthead Capital Management in its formation and capitalization of Knighthead Holdings Ltd., a Cayman Islands-based annuity provider.
  • Credit Suisse, Citigroup, BofA Merrill Lynch, Barclays, UBS Investment Bank, Jefferies, J.P. Morgan and RBC Capital Markets as underwriters in the $301.8 million secondary offering of common units of CVR Partners.
  • Morgan Stanley, Barclays Capital and Goldman Sachs in the $353 million initial public offering by CVR Partners.
  • Deutsche Bank Securities, Citigroup, Credit Suisse, HSBC and Morgan Stanley as remarketing agents in the $1.0 billion offering of series D debentures by MetLife.
  • Globo in an offering of $325 million of senior secured exchangeable notes of Pontis III mandatorily exchangeable for 4.843% senior notes due 2025 of Globo.
  • Globo in a 144A/Reg S offering of $300 million 4.875% senior notes due 2022 and 144A/Reg S offering of $200 million of senior secured exchangeable notes of Pontis II Ltd. mandatorily exchangeable for $200 million 5.307%/7.25% step-up senior notes due 2022 of Globo.
  • TPG and Coors Family Trusts as selling shareholders in the $456 million secondary offering of common stock by Graphic Packaging.
  • Clayton, Dubilier & Rice as selling shareholder in the $397 million secondary offering of common stock by Sally Beauty Holdings.
  • American Airlines in its tender offers to purchase for cash various series of its pass-through certificates and secured notes due 2016.