ProfessionalsLuke Jennings
Tel: +1-212-373-3591
Fax: +1-212-492-0591
ljennings@paulweiss.com
ljennings@paulweiss.com
1285 Avenue of the Americas
New York,
NY
10019-6064
Fax: +1-212-492-0591
A partner in the Corporate Department, Luke Jennings is a member of the Capital Markets group and Hybrid Capital group. Luke regularly represents private equity sponsors, public and private companies and investment banks in equity and debt offerings, leveraged acquisitions, structured products, PIPEs, liability management transactions and restructurings. Luke also advises boards and senior management on corporate governance and disclosure matters.
EXPERIENCE
Some of Luke's matters include:
Notes Offerings and Related Transactions
- Allied Universal in its:
- private tack-on offering of $500 million of 7.875% senior secured notes
- $1.0 billion senior secured notes offering
- Tenneco, an Apollo portfolio company, in its $1.9 billion secured notes offering
- Lifepoint Health, an Apollo portfolio company, in its $800 secured notes offering
- The New Home Company, an Apollo portfolio company, in its exchange of 7.250% senior notes due 2025 for new 8.250% senior notes due 2027
- Shutterfly, an Apollo portfolio company, in its recapitalization, including the exchange offer for its secured notes
- Carnival Corporation in various notes offerings and refinancings
- Apollo Global Securities, as joint bookrunner, in the Polynt notes offering
- Ladder Capital Corp, a REIT and NYSE-listed company, in various senior notes offerings and refinancings
- Avis Budget Group, a Nasdaq-listed company, in various senior notes offerings and refinancings
- Hightower Holdings, a THL portfolio company, in its senior notes offering
- Radiology Partners, an affiliate of Starr Investment Holdings, in its senior notes offering
- Carlisle Companies, a NYSE-listed company, in its senior notes offering
- Staples in connection with its senior secured and senior unsecured notes offerings
- Tripadvisor, a Nasdaq-listed company, in its senior notes offering
- Grubhub, a NYSE-listed company, in its senior notes offering
- Frontier Communications Corporation in various strategic financings, including the issuance of $1.6 billion in second lien secured notes and a $240 million add-on term loan facility
- Prestige Brands, a NYSE-listed company, in its senior notes offering
- Tutor Perini Corporation, a NYSE-listed company, in its senior notes offering and senior convertible notes offering
- Acelity, a portfolio company of Apax Partners, in multiple senior notes offerings
- Blackstone portfolio company in an add-on senior notes offering
- 21st Century Oncology, a Vestar portfolio company, in connection with multiple senior notes offerings
- Murray Energy Holdings Co. in its senior secured notes offering, tender offer and consent solicitation
- Charter Communications, a Nasdaq-listed company, in connection with its senior notes offering
Leveraged Acquisitions & Strategic Transactions
- Funds affiliated with Apollo Global Management in:
- an investment of $11 billion to acquire from Intel Corporation a 49% equity interest in a joint venture entity related to Intel’s Fab 34
- the acquisition of Arconic Corporation and the related financing
- a $500 million preferred investment in Cengage Group
- the acquisition of Tenneco
- in a $2.5 billion preferred equity commitment to support the $16.5 billion acquisition of Citrix by affiliates of Vista Equity Partners and Evergreen Coast Capital
- in their investment in Moxe Health
- in the acquisition of Kem One, including the sustainability-linked senior secured notes offering
- M.D.C. Holdings in its $4.9 billion sale to Sekisui House
- Estrella Media in the sale of its content and digital operations to MediaCo Holding
- The Column Group and its affiliates in their take-private acquisition of NGM Biopharmaceuticals
- Stone Point Capital, as part of an investor group, in the financing aspects of their acquisition of Truist Insurance Holdings, in a deal valuing the company at $15.5 billion
- Foresite Capital in the acquisition of Pardes Biosciences
- Coatue in its investments in OneTrust
- Apollo Global Management in the:
- formation of its Sponsor and Secondary Solutions business (S3), which formally launched with $4 billion in commitments
- expansion of its existing strategic partnership with Mubadala Investment Company
- Highbridge Capital Management in various strategic transactions and divestitures
- LogicBio Therapeutics in its sale to Alexion, AstraZeneca Rare Disease
- Intrado Corporation in the $2.4 billion sale of Intrado’s safety business to Stonepeak
- Clearlake Capital Group in its acquisition of Endurance International Group and Web.com, including the senior notes offering
- Reverence Capital Partners in its acquisition of Advisor Group, including its equity and senior notes offerings
- Advisor Group, as a portfolio company of Reverence Capital Partners, with respect to financing matters in its $1.3 billion acquisition of Ladenburg Thalmann Financial Services
- Consortium led by CC Capital, Cannae Holdings and Thomas H. Lee Partners in the acquisition of Dun & Bradstreet, including the senior notes offerings
- The Jordan Company and its portfolio company, Sabre Industries, on Sabre’s acquisition by private equity funds affiliated with Blackstone
- Togetherwork in connection with the issuance of senior preferred stock to finance a portion of the acquisition of Fonteva
- Brookfield Business Partners in its acquisition of approximately 60% of Teekay Offshore Partners for a total investment of approximately $750 million
- WellCare Health Plans in its $2.5 billion acquisition of Meridian Health Plans including WellCare’s $1.4 billion offering of common stock and $750 million offering of senior notes to finance the acquisition
- WellCare Health Plans in its $800 million acquisition of Universal American Corp.
- Ladder Capital Corp, a NYSE-listed company, in connection with the strategic investment by Koch Real Estate Investments
- Ladder Capital Corp, a NYSE-listed company, and certain selling stockholders in connection with the strategic investment by Related Companies
- Blackstone in connection with the financing for its acquisition, along with Goldman Sachs Merchant Banking Division, of Ipreo Holdings
- 21st Century Oncology, a Vestar portfolio company, in connection with the $325 million preferred equity investment by Canada Pension Plan Investment Board and the financing for the acquisition of South Florida Radiation Oncology
- Murray Energy Corporation in connection with financing for its $1.4 billion transaction to acquire a controlling interest in Foresight Energy
- Blackstone Group in its $820 million PIPE investment in NCR Corporation
- Cerberus Capital Management in its strategic PIPE investment in Avon Products
Equity Offerings
- Carnival Corporation, a NYSE-listed company, in its $1.0 billion equity offering and stock swap program
- Apollo Strategic Growth Capital, a special purpose acquisition company, in its business combination with American Express Global Business Travel
- Funds affiliated with Apollo Global Management in the IPOs of portfolio companies
- Ladder Capital Corp, a REIT and NYSE-listed company, in follow-on, secondary and ATM equity offerings
- Freshpet, a Nasdaq-listed company, in its initial public offering and follow-on and secondary equity offerings
- Wynn Resorts, a Nasdaq-listed company, in its follow-on equity offering
- Avis Budget Group, a Nasdaq-listed company, in its ATM offering
- CC Capital Partners in the initial public offering of Dun & Bradstreet Holdings
- WideOpenWest, a NYSE-listed company, in its initial public offering
- The underwriters in connection with the initial public offering of a human capital and benefits administration company
- The underwriters in connection with the initial public offering of a liquefied natural gas company
- The underwriters in connection with the initial public offering of an event technology services company
- A leading provider in the plastic film industry in connection with its initial public offering
- The underwriters in connection with the initial public offering of a cybersecurity company
- Awilhelmsen, a privately owned investment company in Oslo, Norway, in its sale of approximately $550 million of common stock of Royal Caribbean Cruises
- 3G as selling stockholder in a secondary offering of Restaurant Brands International
- Welsh, Carson, Anderson & Stowe as selling stockholder in various secondary offerings of Paycom Software
Restructurings and Liability Management
- Washington Prime Group in its Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of Texas and related securities matters
- Covia Holdings Corporation in its Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of Texas and related securities matters
- Associated Materials in its out-of-court comprehensive balance sheet recapitalization
- Jason Industries in its Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of New York and related securities matters
- Aegean Marine Petroleum Network in its Chapter 11 bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of New York and related securities matters
- Murray Energy Holdings Co. in its Chapter 11 bankruptcy cases in the U.S Bankruptcy Court for the Southern District of Ohio