WeWork Inc. in several transactions including its:
- emergence from Chapter 11 bankruptcy that effectuated an exit credit facility providing a $450 million senior secured cash collateralized “first out” letter of credit facility for dual SPV borrowers, a $441 million senior secured limited recourse “last out” term loan C facility and the equitization of its term loan obligations
- liability management transaction that effectuated offers to exchange $1.2 billion of its existing public notes for a combination of newly issued second lien or third lien notes and common stock and $1.65 billion of its unsecured notes held by SoftBank for newly issued second lien convertible notes, third lien convertible notes and common stock, reducing WeWork’s net debt by approximately $1.5 billion, and a concurrent primary offering of $500 million of newly issued first lien notes
- amendment and reallocation of letter of credit commitments in amount of $350 million into a junior letter of credit tranche under an aggregate $1.6 billion letter of credit facility
Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) in several transactions including its:
- its $700 million incremental term loan facility and the upsize and extension of its $650 million revolving credit facility
- $900 million refinancing of its term B loan facility and re-pricing of its $500 million revolving credit facility
- $835 million acquisition of Main Event
Altera Infrastructure L.P., a global provider of critical infrastructure assets to the offshore energy industry, in its entry into its debtor-in-possession credit facility, and subsequent financing of seven exit credit facilities totaling nearly $1.6 billion, in connection with its emergence from Chapter 11 bankruptcy
Constellation Brands (NYSE: STZ) in the refinancing, increase and extension of its $2.5 billion revolving credit facility and related amendment to its $491.25 million term loan facility
Deere & Company (NYSE: DE) in $8 billion in credit facilities, including a $3 billion 364-day unsecured revolving facility, a $2.5 billion 4-year unsecured revolving facility and a $2.5 billion 5-year unsecured revolving facility
Devon Energy Corporation (NYSE: DVN) in its $2 billion senior unsecured multi-tranche delayed draw term loan facility to finance its acquisition of the Williston Basin business of Grayson Mill Energy
Magnolia Oil & Gas Corp (NYSE: MGY) in Magnolia Oil & Gas Operating, LLC’s $1 billion reserve-based credit facility refinancing with a $450 million initial borrowing base
TG Natural Resources LLC on the $2.7 billion acquisition of Rockcliff Energy II LLC and on its $2 billion reserve based facility
Vista Equity Partners in several transactions including its:
- senior secured revolver and term loan facility to finance the acquisition of OfficeSpace Software, a leading provider of workplace management software
- financing of its joint acquisition of Energy Exemplar with Blackstone
Multiple middle market private equity clients with respect to leveraged acquisitions and dispositions
Multiple portfolio companies with respect to restructuring existing credit facilities and dispositions to pay down indebtedness
