Representative Engagements

• Affiliates of Apollo Global Management in its acquisition of a significant portion of the assets of Credit Suisse’s Securitized Products Group, as well as the related launch of securitized credit platform, Atlas SP.
• Atlas SP Partners in the creation of leverage and partnerships through participation and participation-adjacent structures and in the formation of multiple asset-backed warehouse facilities and bespoke securitization financings.
• Aspen Insurance Holdings in its $500 million issuance of senior secured notes.
• Athene Holding in connection with their strategic and transactional matters across portfolio and debt investments in affiliated and third-party companies.
• Athene Holding in the financing aspects of its acquisition of Wheels, Inc., consisting of a $450 million incremental term loan to the existing facility for Donlen, whereby Wheels will become a subsidiary of Donlen.
• Bain Capital in its structured equity and debt financing in connection with its joint venture with Antares Capital, a credit manager, to provide private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million dollars in a single transaction.
• Brookfield in its structured letter of credit transaction to address regulatory capital issues.
• Eliant Trade Finance in the structuring, arranging and providing of financing on accounts receivable factoring and securitizations.
• Funds managed by affiliates of Apollo Global Management in numerous transactions, including:
  • as lead investors in the $1.75 billion highly structured preferred investment in Albertsons Companies
  • in the financing aspects of its acquisition of Aqua Finance
  • in the financing aspects of Brightspeed's $7.5 billion acquisition of the incumbent local exchange carrier business Lumen Technologies, consisting of equity commitments and structured facilities
  • in a indirect minority investment in French furniture company Maisons du Monde S.A. (MdM)
  • in an umbrella letter of credit facility with Deutsche Bank, under which Deutsche Bank provides letters of credit to borrowers on behalf of Apollo funds to satisfy such fund’s obligations to deliver LOCs under credit agreements where they act as lender
  • in the negotiation and execution of its €500 million margin loan over its retained shares in Lottomatica Group, in connection with Lottomatica’s listing on Italy’s Euronext Milan, as well as ongoing advice
  • in the financing aspects of their acquisition of Miller Homes Group Limited, consisting of a multicurrency super senior revolving credit facility and a senior secured bridge loan facility to be refinanced by the issuance of senior secured fixed rate notes and senior secured floating rate notes
  • in its strategic and financial partnership with Sofinnova Partners, a France-based life sciences venture capital firm
  • in the formation of a strategic partnership with Sumitomo Mitsui Trust Holdings, Inc. and its consolidated subsidiary Sumitomo Mitsui Trust Bank, Limited (SuMi TRUST), the only dedicated trust banking group in Japan. SuMi TRUST has committed to investing $1.5 billion side-by-side with Apollo and Athene in a proprietary portfolio of diversified alternative assets
  • in the structuring of an equity prepaid forward purchase transaction in its financing agreement with Wejo, a connected vehicle data company, as part of Wejo’s merger with a special purpose acquisition company (SPAC)
  • in the issuance of senior secured notes secured by a lien on Apollo’s participation interests in the rights to distributions in relation to a portfolio of equity investments owned by affiliates of Apollo in certain existing and future funds managed or advised by subsidiaries of Apollo
  • numerous intercompany liquidity structures and related arrangements to address ongoing liquidity needs
  • numerous transactions in connection with rescue bank financing
  • numerous strategic partnerships to increase balance sheet capacity of commitment platforms
  • in the formation of Apollo Total Return Fund IG, one of Apollo's hedge fund products focused on investment-grade assets for insurance companies
• Funds managed by Oaktree Capital Management in the launch of a joint venture with Redwood Trust, Inc. to invest in business-purpose bridge loans originated by CoreVest American Finance Lender.
• MidCap Financial, a middle market-focused specialty finance firm that provides senior debt financing solutions to companies across a wide variety of industries and an affiliate of Apollo Global Management, in numerous transactions, including:
  • its agreement with an affiliate of Mubadala Development Company, the investment and development company controlled by Abu Dhabi, to create a joint venture platform to invest up to approximately $430 million in portfolios of middle-market loans sourced by MidCap. The Paul, Weiss team also represented the joint venture in connection with a $300 million senior loan facility to finance the acquisition of the loan portfolios together with equity from the joint venture partners
  • in numerous notes offerings totaling $1.4 billion
  • in numerous CLO warehouse financings
• Mizuho in the structuring of back leveraged facilities to facilitate investments in portfolio company bonds and/or loan issuances.
• Mortgage Assets Management, a residential mortgage services company, and its affiliate in their acquisition of Reverse Mortgage Solutions, Inc., the reverse mortgage business of Ditech Financial.
• Redding Ridge Asset Management in developing an investment structure for insurance companies.
• Derivatives
  • Numerous large alternative asset managers in dozens of derivatives-based financing facilities, including repo-and total return swap-based asset leveraging facilities, synthetic warehouse financing and proprietary lending and trading platforms totaling billions of dollars
  • Representation of a large private equity fund in the structuring and negotiation of total return swaps and other bespoke synthetic instruments used to finance acquisition of portfolio company indebtedness and equity
  • Investment funds in the structuring and negotiation of repackaged total return swap financing facilities to obtain secured credit against an existing loan and bond portfolio, including structures involving the formation of multiple bankruptcy-remote special purpose vehicles to borrow, maintain synthetic exposure to the reference portfolio and continue to control voting rights over the loans and bonds
  • Large cruise ship operator in the negotiation of an unsecured standby letter of credit facility backed by credit default swaps
• Various alternative asset managers in numerous multibillion-dollar margin loans for publicly traded portfolio companies, including insurance providers and other financial companies.
• Formation of dozens of direct lending funds for clients including Apollo Global Management, Avenue Capital Group, Blackstone Credit, Davidson Kempner, HPS Investment Partners, J.P. Morgan Alternative Asset Management, KKR, Oak Hill Advisors and Silver Point Capital, among others.