Tim Cruickshank, P.C.
Overview
Tim Cruickshank is a corporate partner in Kirkland’s New York office. He has a broad transactional practice, including capital markets transactions and corporate governance matters. He represents issuers and underwriters on a variety of public and private financing transactions, including initial public offerings, other public and private equity offerings, investment grade and high-yield debt offerings, acquisition financings, restructurings, debt tender offers, exchange offers and other refinancing transactions. He also advises U.S. and international clients with respect to securities, general corporate and corporate governance matters.
Experience
Representative Matters
While at Kirkland, Tim has worked on the following matters:
- the founders of MediaAlpha in connection with its IPO
- Funds advised by Centerbridge Partners, L.P. in its pending acquisition of American Bath Group, LLC
- Frontier Communications Corporation in connection with its $1.65 billion DIP-to-exit financing, including $1.15 billion DIP-to-exit first lien notes
- Windstream in connection with its $2.65 billion exit financing relating to its emergence from bankruptcy, including $1.4 billion first lien notes
- PetSmart in connection with the offering of $690 million of trust securities exchangeable in equity of Chewy, Inc.
- certain noteholders in connection with Digicel’s 2020 debt restructuring, which reduced debt by approximately $1.6 billion to approximately $5.4 billion
- SK Capital Partners in its acquisition of Huntsman’s remaining interest in Venator Materials PLC
- an investment group including Caledonia in the acquisition of a 34.9% ownership stake in Scientific Games Corporation from MacAndrews & Forbes
- viagogo in its debt and preferred equity financings to fund its $4.05 billion acquisition of StubHub from eBay
- Wynn Macau, Limited in its offering of US$1 billion 5.125% senior notes due 2029 pursuant to Rule 144A and Regulation S
- Chewy, Inc. in its $1.2 billion initial public offering
- Frontier Communications Corporation in various strategic financings, including the issuance of $1.65 billion in new first lien notes, $1.6 billion in new second lien secured notes and a $240 million add-on term loan facility, as well as other matters
- Windstream Holdings, Inc. and its subsidiaries, together a leading provider of advanced network communications and technology solutions for businesses across the United States, in liability management transactions, litigation related to alleged indenture covenant breaches and their Chapter 11 cases
- American Tire Distributors, Inc., one of the largest independent suppliers of replacement tires, in its prearranged Chapter 11 cases
- FullBeauty Brands Holdings Corp. and its affiliates in their Chapter 11 cases
- WellCare Health Plans in connection with the $17.3 billion acquisition by Centene Corporation
- 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
- GSO Capital Partners LP and its affiliates in a $250 million preferred equity investment in Carrizo Oil & Gas, which included warrants exercisable for approximately 4% of Carrizo’s common stock
- Mead Johnson Nutrition in its $17.9 billion sale to Reckitt Benckiser Group plc.
- Equity One in its $15.6 billion stock-for-stock merger with Regency Centers Corporation
- Acorda Therapeutics in its $363 million acquisition of Finnish company Biotie Therapies
- WellCare Health Plans in its $800 million acquisition of Universal American Corp.
- Representing steering and ad hoc committees of noteholders of Intelsat, one of the world’s largest and industry-leading satellite services business, including with respect to potential debt exchanges in connection with the proposed merger with OneWeb as well as various debt restructurings
- Swift Transportation in its $6 billion stock-for-stock merger with Knight Transportation
- TPG in a $150.0 million PIPE investment in Superior Industries International Inc. in connection with its acquisition of UNIWHEELS AG
- Ad hoc committee of unsecured noteholders in the prepackaged Chapter 11 cases of Bonanza Creek Energy, Inc., addressing its more than $1 billion in funded-debt obligations
- rue21, inc. and certain of its affiliates in their chapter 11 restructuring
- Sequa Corporation in its successful refinancing and out-of-court restructuring of approximately $1.9 billion of funded indebtedness. Pursuant to the consensual restructuring, Sequa obtained a significant new money investment, its senior credit facilities were refinanced in full, and over 90 percent of its unsecured notes were exchanged for new convertible preferred equity
Prior to joining Kirkland, Tim’s representative transactions included:
- Moelis & Company in its initial public offering
- Bank of America Merrill Lynch and Goldman Sachs as joint book-running managers of Houlihan Lokey’s initial public offering
- Gazit-Globe Ltd. in its U.S. initial public offering
- UBS and Deutsche Bank as joint book-running managers of Amira Nature Foods’s initial public offering, at the time the first NYSE-listing of an Indian business in five years
- A&E Television Networks in its private placement of $1.55 billion of senior notes to finance its redemption of NBC’s equity in A&E
- Underwriters of Masonite International Corporation’s proposed initial public offering
- Aircastle Limited in its offering of $500 million of senior notes
- HealthSouth Corp in its offering of $300 million of senior notes
- Rain CII Carbon, a subsidiary of Rain Commodities Limited (India), in various financing matters, including its offering of $400 million and €210 million of senior secured notes to finance its acquisition of RUTGERS
Clerk & Government Experience
Law ClerkHonorable Justice Margaret StoneFederal Court of Australia2005
Prior Experience
Skadden, Arps, Slate, Meagher & Flom LLP, New York, Associate, 2009–2015
Herbert Smith Freehills, Sydney, Australia, Solicitor, 2006–2009
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Credentials
Admissions & Qualifications
- 2011, New York
- New South Wales, Australia (Inactive)
Education
- University of New South WalesLL.B.2004
- University of New South WalesB.Com., Finance2004