Experience

• • Booz Allen Hamilton in its inaugural investment grade notes offering, consisting of $650 million aggregate principal amount of 5.950% Senior Notes due 2033.
  • Westpac in its offer and sale of $1.75 billion of 4.184% Covered Bonds Series 2023-C3 due May 22, 2028.
  • Warner Bros. Discovery in the offering of $1.5 billion aggregate principal amount of 6.412% Senior Notes due 2026 by WarnerMedia Holdings.
  • Merrill Lynch International and Deutsche Bank AG, London Branch, as representatives of the managers in the offering by Liberty Mutual Group Inc. of €500 million aggregate principal amount of its 4.625% senior notes due 2030.
  • Westpac in its SEC registered offer and sale of $1.25 billion 5.350% Notes due 2024 and $1.25 billion 5.457% Notes due 2027.
  • Spirit Airlines in its $600 million secured notes offering, backed by assets and intellectual property of Spirit’s Free Spirit and Spirit Saver$ Club programs.
  • Pacific LifeCorp in its issuance and sale of $750,000,000 aggregate principal amount of its 5.400% Senior Notes due September 15, 2052.
  • Spirit Airlines in the financing aspects of its sale, later terminated, to JetBlue for $3.8 billion.
  • Westpac in its offer and sale of $1.75 billion of 1.552% Covered Bonds Series 2021-C3 due September 30, 2026.
  • Westpac in its offer and sale of $1.2 billion of 3.371% Covered Bonds Series 2022-C5 due June 7, 2027.
  • Credit Suisse and Goldman Sachs as representatives of the initial purchasers in Liberty Mutual’s $1 billion offering of 5.500% senior notes due 2052.
  • Discovery, Inc. in the offering of $30 billion of senior unsecured notes in the acquisition of WarnerMedia.
  • Spirit Airlines in its merger, later terminated, with Frontier Group Holdings, parent company of Frontier Airlines, in a transaction valued at $6.6 billion.
  • Warner Music Group (“WMG”) and entities affiliated with Access Industries, LLC in an SEC-registered secondary offering of 8,562,500 shares of Class A common stock of WMG.
  • Warner Music Group in its private offering of $540 million senior secured notes.
  • Liberty Mutual in its $500 million offering of 4.125% junior subordinated notes due 2051.
  • Warner Music Group in its private offering of €445 million euro-denominated senior secured notes.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Syniverse’s $2.85 billion merger, later terminated, with special purpose acquisition company M3-Brigade Acquisition II Corp. resulting in Syniverse becoming a publicly traded company.
  • Booz Allen Hamilton in the refinancing of its $2.67 billion senior secured credit facilities and the issuance of $500 million of new senior unsecured notes.
  • Booz Allen Hamilton in the offer and sale of $500.0 million 4.000% Senior Notes due 2029 to fund the acquisition of Liberty IT Solutions.
  • 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.
  • Spirit Airlines in its common stock offering of over 10.5 million shares, $500 million aggregate principal amount of new convertible notes offering 1.00% convertible senior notes due 2026, $146.8 million repurchase of its existing 4.75% existing convertible senior notes due 2025 and redemption of $340 million of its existing 8.00% senior secured notes due 2025.
  • 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.
  • Carlyle, as majority owner of Syniverse, in the financing aspects of Twilio’s $750 million investment in Syniverse.
  • Ascot Group Limited in its $400 million offering of its 4.250% senior notes due 2030.
  • Pacific LifeCorp in its issuance and sale of $750,000,000 aggregate principal amount of its 3.350% Senior Notes due September 15, 2050.
  • Carlyle in the financing aspects of its $175 million investment in Grand Rounds, a leader in healthcare quality and clinical navigation.
  • Gogo, the leading inflight Internet company, in the financing aspects of the successful sale of its commercial aviation business to Intelsat, which was in Chapter 11 at the time of the transaction, for $400 million.
  • Warner Music Group in its $550 million offering of 3% senior secured notes due 2031.
  • The Special Committee of Liberty Broadband in the financing aspects of Liberty Broadband’s $10.59 billion acquisition of GCI Liberty.
  • Spirit Airlines in its at-the-market offering program for up to 9,000,000 shares of its voting common stock.
  • Warner Music Group in its initial public offering of 77 million shares of Class A common stock at a public offering price of $25.00 per share, representing an approximately $1.925 billion offering.
  • Spirit Airlines, in its concurrent SEC registered $201 million offering of common stock and $175 million offering of 4.75% convertible senior notes due 2025.
  • Booz Allen Hamilton in its $700 million offering of 3.875% Senior Notes due 2028 and the redemption of its existing 5.125% Senior Notes due 2025.
  • Guardian in the offer and sale of $400 million of 1.100% fixed rate notes due 2025 pursuant to a takedown off of its existing funding agreement backed notes program.
  • Carlyle in the financing aspects of its $1.8 billion acquisition, with T&D Holdings, of a majority interest in Fortitude Re.
  • The managers in an offering by Liberty Mutual (the "Company") of €500 million aggregate principal amount of 3.625% Series D Junior Subordinated Notes due 2059 (the "Notes"), which were structured as Euro-denominated hybrid securities. Net proceeds from the Notes were used to repay the outstanding amounts of the Company's Series B Junior Subordinated Notes and for general corporate purposes, including repurchases of the Company's Series A Junior Subordinated Notes pursuant to a tender offer.
  • Gogo in the offering and sale of $925 million in aggregate principal amount by Gogo Intermediate Holdings and Gogo Finance Co., each wholly-owned subsidiaries of Gogo, of their 9.875% senior secured notes due 2024.
  • National Life Insurance Company in its $128 million offering of additional 5.250% fixed-to-floating rate surplus notes due 2068.
  • Delta Air Lines in its $500 million offering of enhanced equipment trust certificates (“EETC”) secured by two Airbus A220-100 aircraft, six Airbus A321-200 aircraft, four Boeing 737-900ER aircraft and two Airbus A350-900 aircraft, in two non-amortizing tranches, the first EETC offering by a major U.S. airline to include Airbus A220 aircraft as collateral.
  • Gogo in its $215 million offering (including $13 million sold in a separate, concurrent private placement) of 6.00% convertible senior notes due 2022.
  • Carlyle in its strategic partnership with AIG to position DSA Re as a platform to provide solutions for insurance liabilities globally.
  • Nationstar Mortgage, a leading mortgage servicer and originator, in its $3.8 billion merger with WMIH.
  • Westpac, in the establishment of a U.S. registered Additional Tier 1 Capital securities program, and the subsequent public offering, acting through its New Zealand Branch, of 5.000% Fixed Rate Resetting Perpetual Subordinated Contingent Convertible Securities.
  • Discovery, Inc. in its $14.6 billion acquisition of Scripps Networks Interactive.
  • Booz Allen Hamilton, a Carlyle portfolio company, in its $350 million offering of 5.125% senior notes due 2025.
  • Westpac in its registered public offering of $1.25 billion 2.80% notes due 2022 and $500 million floating rate notes due 2022.
  • Westpac, in the establishment of a U.S. registered Tier 2 Capital securities program, and the subsequent public offering of $1.50 billion 4.322% subordinated notes due 2031.
  • Warner Music Group in its $300 million offering of 5% senior secured notes due 2023.
  • Booz Allen Hamilton, a Carlyle portfolio company, in the refinancing of its $1.58 billion term loan credit facility.
  • Hertz in its $2.5 billion spin-off of its equipment and rental business.
  • Gogo in its $525 million offering of 12.5% senior secured notes due 2022.
  • Westpac in its $1 billion offering of covered bonds and $3.75 billion offerings of fixed rate notes due 2018 and floating rate notes due 2020.
  • Guardian in the establishment of its $3 billion global funding agreement-backed debt issuance program, including its inaugural offering of $500 million offering of funding agreement-backed fixed rate notes due 2021.
  • Carlyle, together with its portfolio company Getty Images, in multiple capital-raising initiatives to complement and improve Getty Images’ existing debt structure and in exploring related balance sheet alternatives with respect to its approximately $3 billion in funded debt, followed by representing Carlyle in its successful exit from the investment in the form of an equity sale.
  • Spirit Airlines in its $576.6 million offering of EETCs secured by 15 Airbus aircraft, which was Spirit Airlines’ inaugural EETC offering.
  • Gogo in the private offering of $362 million of its 3.75% convertible senior notes due 2020 and in privately negotiated forward stock purchase transactions of $140 million.
  • Corporate Risk Holdings (f.k.a. Altegrity), a global, diversified risk and information services company, together with its operating businesses Kroll, HireRight and USIS, in their pre-negotiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware, in which they restructured more than $1.8 billion in indebtedness. This restructuring was honored by Turnarounds & Workouts as one of ten “Successful Restructurings 2015.”
  • Gogo in its $187 million initial public offering of common stock.
  • Booz Allen Hamilton and Carlyle in several transactions through which approximately $2 billion of Booz Allen Hamilton common stock was sold to the public by Carlyle.
  • Warner Music Group in its $765 million acquisition of the Parlophone Label Group from Universal Music Group.
  • Warner Music Group in its offering of $500 million of 6.000% senior secured notes due 2021 and €175 million of 6.250% senior secured notes due 2021 and related refinancing transactions.
  • Carlyle in its $3.3 billion acquisition of Getty Images.
  • Carlyle in several transactions through which it sold its remaining $548 million ownership interest in Triumph Group.
  • BofA Merrill Lynch, Morgan Stanley and Wells Fargo as joint book-running managers in the $600 million offering by CIGNA Corporation of 4.500% senior notes due 2021 and 5.875% senior notes due 2041.
  • Access Industries in its $3.3 billion acquisition of Warner Music Group.
  • RSC Equipment Rental in its $650 million offering of 8¼% senior notes due 2021.
  • Booz Allen Hamilton, a Carlyle portfolio company, in its $238 million initial public offering.
  • Westpac in the establishment of a U.S. registered retail medium-term notes program and subsequent offerings.
  • Miller Buckfire as dealer manager in several debt restructurings, including Keystone Automotive’s 2011 debt-for-equity exchange offer and consent solicitation.
  • Rothschild and Moelis & Company as dealer managers in YRC Worldwide’s 2009 debt-for-equity exchange offers and consent solicitations.
  • RSC Equipment Rental in several offerings, including its $200 million offering of 10¼% Senior Notes due 2019 and $400 million 10% Senior Secured Notes due 2017.
  • Citi, J.P. Morgan Securities and UBS Investment Bank as underwriters in Cigna Corporation's $300 million offering of senior notes.
  • The Hartford Financial Services Group in several offerings, including its $500 million offering of 8.125% fixed-to-floating rate junior subordinated debentures due 2068; its $500 million offering of 6% senior notes due 2019; and $500 million offering of 6.3% senior notes due 2018.
  • Bank of Ireland in the establishment of a U.S. registered medium-term notes program and subsequent offering of $3 billion of floating rate notes.
  • Providence Equity Partners as controlling stockholder in connection with Tele1 Europe Holding AB’s $617 million global initial public offering.