Experience

• • Warner Bros. Discovery in the financing aspects of its review of strategic alternatives to maximize shareholder value, as the company continues to advance its previously announced separation of Warner Bros. and Discovery Global.
  • Ad hoc group of term lenders to Gabriel Brothers, Inc. (d/b/a Gabe’s) in the financing aspects of a transaction under which the ad hoc group exchanged debt for equity and became majority owners of Gabe’s.
  • Morrisons in its group’s offering of £500 million 8.75% senior secured notes due 2031 and €500 million 6.75% senior secured notes due 2031, and the related tender offers for a portion of its group’s existing sterling-denominated 5.5% senior secured notes due 2027 and euro-denominated 4.75% senior secured notes due 2027.
  • Warner Bros. Discovery in the financing aspects of separating the company into two publicly traded companies: Streaming & Studios and Global Networks.
  • Mitsui Sumitomo Insurance Company, a subsidiary of MS&AD Insurance Group Holdings, in its agreement with the founding family of W. R. Berkley Corporation, a leading property and casualty insurance carrier, including acquisition of 15% of shares in W. R. Berkley Corporation in a transaction valued at approximately $3.8 billion.
  • Principal Financial Group in the offer and sale by High Street Funding Trust III of $500 million in Pre-Capitalized Trust Securities Redeemable February 15, 2055.
  • Goldman Sachs and Morgan Stanley, as representatives of the initial purchasers, in the offering of $300 million aggregate principal amount of 5.950% Senior Notes due 2035 by RenaissanceRe’s joint venture, DaVinciRe.
  • Barclays, Citigroup, Morgan Stanley, RBC Capital Markets and Wells Fargo Securities, as representatives of the underwriters, in the public offering of $500 million aggregate principal amount of Tier 3 5.800% Senior Notes due 2035 by RenaissanceRe Holdings.
  • TD Securities and J.P. Morgan Securities, as representatives of the initial purchasers, in the offer and sale by Beacon Funding Trust of $1.25 billion of pre-capitalized trust securities redeemable August 15, 2054.
  • Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in its offering of $500 million aggregate principal amount of 6.350% senior notes due 2029.
  • S&S Activewear, a Clayton, Dubilier & Rice portfolio company and a leading American imprintable apparel wholesale company, in its acquisition of alphabroder, including a financing of $1.175 billion, consisting of a $600 million senior secured notes offering, $575 million pari senior first lien secured term loans and an upsize to the ABL credit agreement to a total $800 million facility.
  • Shearer’s Foods, a Clayton, Dubilier & Rice portfolio company, in its offering of $450 million of Senior Notes due 2032.
  • Warner Bros. Discovery in the cash tender offer to purchase up to approximately $2.61 billion aggregate purchase price of senior notes.
  • Warner Bros. Discovery in the offering of €650 million aggregate principal amount of 4.302% Senior Notes due 2030 and €850 million aggregate principal amount of 4.693% Senior Notes due 2033.
  • Clayton, Dubilier & Rice and its indirect subsidiary Fiesta Purchaser, in $2 billion of financing of Clayton, Dubilier & Rice’s acquisition of Shearer’s Foods.
  • American International Group and Corebridge Financial in AIG’s secondary public offering of 74.75 million shares of Corebridge Financial common stock at $16.25 per share.
  • agilon health and Clayton, Dubilier & Rice in the $2 billion secondary offering and repurchase of shares of agilon health common stock.
  • Warner Bros. Discovery in the offering of $1.5 billion aggregate principal amount of 6.412% Senior Notes due 2026 by WarnerMedia Holdings.
  • Deutsche Bank, as financial advisor to Signify Health, a leading health care platform, in Signify Health’s $8 billion sale to CVS Health, a leading health solutions company.
  • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
  • DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its secondary public offering of 9.2 million shares of common stock at $31.25 per share.
  • Morgan Stanley and Evercore as placement agents in a $150 million PIPE transaction in connection with the merger of Innovid and Ion.
  • Discovery, Inc. in the financing aspects of the acquisition of WarnerMedia from AT&T in a Reverse Morris Trust transaction that values the combined entity at approximately $130 billion.
  • DoubleVerify, a Providence Equity Partners portfolio company and a leading software platform for digital media measurement and analytics, in its $414 million initial public offering.
  • Ambac in the exchange of the securities of the Corolla Trust, a Delaware statutory trust formed by Ambac Financial Group, Inc. in 2014, for Ambac Assurance Corporation’s 5.1% senior surplus notes due 2020.
  • Artera, a Clayton, Dubilier & Rice portfolio company, in its $250 million tack-on offering of senior secured first priority notes.
  • JetBlue Airways Corporation in its offering and sale of 41,975,000 shares of common stock.