Varun Baliga

Debt Transactions

• Vista Equity Partners, alongside an affiliate of Elliott Investment Management, in its $16.5 billion acquisition of Citrix Systems, including offerings of approximately $4 billion of secured notes and $2.5 billion of preferred equity
• Vista Equity Partners and its portfolio company Cloud Software Group in its offering of $3 billion of senior secured notes
• Triton Partners and its portfolio company WernerCo in its offering of $660 million of secured notes, including an exchange offering for existing unsecured notes and new senior secured notes
• Avis Budget Group, Inc. (NASDAQ: CAR) in connection with:
  
  • a $700 million high-yield senior notes offering by Avis Budget Car Rental, LLC and Avis Budget Finance, Inc.
  • a $500 million high-yield senior notes offering by Avis Budget Car Rental, LLC and Avis Budget Finance, Inc.
  • a €600 million high-yield senior notes offering by Avis Budget Finance plc
  • a €400 million high-yield senior notes offering by Avis Budget Finance plc
• Restaurant Brands International, a multinational fast-food holding company comprised of Burger King, Popeyes Louisiana Kitchen and Tim Hortons, in connection with:
  
  • a $1.2 billion offering of senior secured notes
  • a $500 million offering of senior secured notes
  • the redemption of approximately $290 million of senior notes held by Carrols Restaurant Group, Inc. in connection with its acquisition by Restaurant Brands International

Equity Transactions

• Birkenstock and L Catterton in Birkenstock's $1.5 billion initial public offering 
• 3G Capital in the forward sale of shares of Restaurant Brands International, a multinational fast-food holding company comprised of Burger King, Popeyes Louisiana Kitchen and Tim Hortons
• Citigroup, as sole global coordinator, on the £115 million IPO on the London Stock Exchange of Hiro Metaverse Acquisitions I S.A., a special purpose acquisition company sponsored by Hiro Capital

Restructuring and Liability Management Exercises

• Modivcare, Inc. in connection with a comprehensive liability management transaction, including a $75 million first-lien incremental term loan, the issuance of $30 million of new second lien notes, the exchange of approximately $270 million of existing unsecured notes for new second lien notes and a corresponding covenant strip consent procedure
• Radiology Partners, Inc. and certain of its affiliates in connection with a series of liability management transactions, including (i) the replacement of its existing revolver due 2024 with a new revolver due 2028 (including a portion converted to a “first out” revolver), (ii) an uptier exchange by the lenders under its existing first lien term loans due 2025 for new first lien term loans due 2029 and a partial prepayment, (iii) an uptier exchange by the holders of its secured notes due 2025 for new first lien secured notes due 2029 and a partial prepayment, (iv) an uptier exchange by the holders of its unsecured notes due 2028 for new second lien secured notes due 2030, and (v) a new equity capital raise
• The Lycra Company and its subsidiaries in connection with a comprehensive debt refinancing, including a refinancing of its existing senior secured notes and associated transactions

SEC Compliance, Disclosure and Corporate Governance

• Birkenstock Holding plc 
• Torrid Holdings, Inc.