Aaqib Mahmood

Complex Securitization

• Blackstone and its affiliates on a $10 billion debt financing facility for AI infrastructure company Firmus, led by funds managed by Blackstone Tactical Opportunities, Blackstone Credit & Insurance and affiliated funds, with participation from Coatue.
• Blackstone and its affiliates as initial anchor investor with Apollo of a $35 billion AI XPV Platform with Broadcom to enable more than 20 gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI.
• Oncourse Home Solutions, a portfolio company of Apax Partners, on the closing of its $1.655 billion whole-business securitization, which is believed to be the largest inaugural non-quick-service restaurant WBS ever completed and the first-ever securitization of home infrastructure warranty agreements.
• Scooter’s Coffee, a beverage franchisor known for coffee-focused offerings, with a system of 910 units across 32 states, on its inaugural $375 million whole business securitization (WBS), consisting of $350 million of Class A-2 term notes and a $25 million variable funding note, through two co-issuers.
• A travel company and its affiliates with its recurring accounts receivable transactions totaling over $625 million.

Capital Markets

• Chewy, Inc. (NYSE: CHWY), the largest pet e-tailer in the U.S., and BC Partners in their $1 billion registered secondary public offering of Class A common stock by an affiliate of BC Partners and a concurrent share repurchase transaction whereby Chewy agreed to purchase $100 million of shares of its Class A common stock from an affiliate of BC Partners, at a price per share equal to the per share purchase price paid by the underwriter in the secondary offering.
• Torrid Holdings Inc. (NYSE: CURV), a direct-to-consumer retail company for curvy women, Sycamore Partners and its executive team on their $35 million registered secondary public offering of common stock and concurrent share repurchase transaction whereby Torrid agreed to purchase $20 million of shares of its common stock from Sycamore Partners, at a price per share equal to the per share purchase price paid by the underwriter in the secondary offering.
• E2open Parent Holdings, Inc. (NYSE: ETWO), a supply chain SaaS platform, on its Schedule 14C Information Statement regarding its acquisition by WiseTech Global Limited (ASX: WTC), a provider of logistics execution software solutions, where under the terms of the transaction, e2open stockholders will receive $3.30 per share in cash equating to an enterprise value of $2.1 billion.
• Americold Realty Trust, Inc. (NYSE: COLD), a real estate investment trust focused on temperature-controlled warehousing and logistics, on its registered offering of $400 million of guaranteed senior notes.
• Affimed N.V. (Nasdaq: AFMD) in a SEC-registered at-the-marketing offering program of up to an aggregate offering price of $20 million of its common shares.
• Alchemy Investments Acquisition Corp 1 (Nasdaq: ALCY; ALCYU; ALCYW) in its $100 million initial public offering.
• An information technology company in its Item 506(b) co-investment of up to approximately $5 million.
• Charter Communication, Inc. (Nasdaq: CHTR) in a debt offering of $3 billion aggregate principal amount of senior secured notes.
• Charter Communications, Inc. (Nasdaq: CHTR) in an A/B exchange of $2.9 billion aggregate principal amount of senior notes.
• Envista Holdings Corporation (NYSE: NVST) in its Rule 144A offering of $435 million in aggregate principal amount of convertible senior notes and associated exchange and derivative transactions.
• Genius Sports Limited (NYSE: GENI), a sports betting technology company, in its underwritten public offering of ordinary shares, resulting in gross proceeds of approximately $150 million.
• Global Partner Acquisition Corp. II’s (Nasdaq: GPAC; GPACU; GPACW) signing of a business combination with battery-grade lithium products manufacturer, Stardust Power Inc, for a pro forma enterprise value of $490 million.
• Global Partner Acquisition Corp II in its successful completion of its business combination with Stardust Power Inc. (Nasdaq: SDST; SDSTW).
• InflaRx N.V (Nasdaq: IFRX) in its $30 million underwritten public offering of ordinary shares and pre-funded warrants following European Commission approval for its drug GOHIBIC (vilobelimab) for the treatment of COVID-19-induced acute respiratory distress syndrome.
• InflaRx N.V (Nasdaq: IFRX) in its $46 million underwritten public offering of ordinary shares following FDA emergency use authorization for its drug Gohibic (vilobelimab) for the treatment of critically ill, hospitalized COVID-19 patients.
• InflaRx N.V. (Nasdaq: IFRX) in a SEC-registered at-the-marketing offering program of up to an aggregate offering price of $75 million of its ordinary shares.
• NRx Pharmaceuticals, Inc. (Nasdaq: NRXP; NRXPW) in its issuance of over 13.5 million shares of Common Stock.
• Onit, a legal workflow and business process automation company and a K1 Investment Management portfolio company, in its $85 million preferred equity investment.
• Option Care Health, Inc. (Nasdaq: OPCH) and Madison Dearborn Partners in connection with approximately $400 million of primary and secondary offerings of Option Care Health’s common stock.
• Paya Holdings Corp. (Nasdaq: PAYA) in its $1.3 billion acquisition by Nuvei Corporation.
• Private equity portfolio company in its $450 million senior secured first lien floating rate notes.
• Stardust Power Inc. (Nasdaq: SDST), a lithium refining company, in its committed equity facility for up to $50 million in common stock.
• Townsquare Media, Inc. (NYSE: TSQ) in its redemption of $467.4 million aggregate principal amount outstanding under its 6.875% senior secured notes due 2026.
• Värde Partners, a global alternative investment firm, in its $200 million investment in Globalstar, Inc.
• Wheel Pros, LLC and its affiliates in their Chapter 11 cases to complete a comprehensive restructuring involving the elimination of approximately $1.2 billion of Wheel Pros’ debt and the incurrence of a $500 million exit term loan facility and $175 million exit asset-based revolving loan facility.