Carvana Co. (“Carvana”), the leading e-commerce platform for buying and selling used cars, in various capital markets transactions, including a consensual liability management transaction formally supported by approximately 90% of Carvana’s existing noteholders. Through the contemplated transactions, including an exchange offer, extension of maturities, at-the-market equity raise, and equity investment from Carvana’s founders, Carvana expects to deleverage its balance sheet by $1.2 billion and reduce its interest expenses by $430 million a year for the next two years.
Worldwide Webb Acquisition Corp., a publicly traded special purpose acquisition company, on its business combination with Aeries Technology, Inc., a global professional services and consulting partner.
Zebra Technologies Corporation in its offering of $500 million of unsecured notes.
Represented the initial purchasers in connection with multiple bond offerings by Golub Capital BDC, Inc. totaling $1.05 billion.
SIRVA Worldwide, Inc. and its affiliates in their out-of-court restructuring, which was supported by 100% of SIRVA’s lenders. SIRVA is a global leader in corporate relocation and moving services with 77 locations servicing over 190 countries. Pursuant to the restructuring transaction, SIRVA eliminated over $300 million of funded debt obligations and received $40 million in new capital.
Sylvamo Corporation, a global paper company, in its $360 million tender offer to purchase its outstanding notes due 2029.
Eli Lily & Company in connection with its $4 billion investment grade notes offering.
