Represented National Resilience, a leading a North American contract development and manufacturing organization (CDMO), in a comprehensive out-of-court restructuring of certain lease obligations and a corresponding capital raise of $825 million of new money from Oak Hill Advisors and its co-investors. The comprehensive transactions provide National Resilience with capital to pay down existing debt and fund capital expenditures to build out manufacturing capabilities to support its diverse customer base.
Represented TPG Rise Climate in its definitive agreement to acquire Olympus Terminals, a leading independent storage provider for renewable fuels and refined products in Southern California.
Represented buyer in acquisition of a controlling interest in $1.2 billion portfolio of net-leased hospitals located in Utah and $770 million financing.
Represented Fortress Investment Group on the launch of Fortress Net Lease REIT, a continuously-offered, privately-placed net lease REIT.
Represented Carvana Co. (“Carvana”), the leading e-commerce platform for buying and selling used cars, in a consensual liability management transaction secured by 47 mortgages in 22 states, totaling a valuation of approximately $1.55 billion. Through the contemplated transactions, including an exchange offer, extension of maturities, at-the-market equity raise, and equity investment from Carvana’s founders, Carvana expects to deleverage its balance sheet by $1.2 billion and reduce its interest expenses by $430 million a year for the next two years.
Represented buyer in $6 million sale-leaseback of portfolio of gas stations located in Texas.
Represented a privately held real estate investment firm in connection with its disposition of real property in Pewaukee, Wisconsin.
