Paul W. Johnson III

Associate

Dallas + 1.214.969.4888

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Paul Johnson is a federal tax lawyer practicing primarily in the areas of corporate tax, U.S. and cross-border M&A, financings, securities offerings, and tax-exempt entities. He advises clients from a wide variety of industries on tax-related issues, including federal and international tax planning, compliance, withholding, and reporting.

Paul has extensive experience in providing tax advice on offerings of U.S. and foreign issuer stock, investment-grade, high yield, and convertible notes and complex financial instruments. Paul also works with clients to secure and maintain tax-exempt status for nonprofit organizations and advises on the federal tax implications for these organizations. In addition, he advises clients with respect to the energy tax credits, including those introduced by the Inflation Reduction Act.

Experience

  • VSE Corporation completes $1.3 billion public offering of Common Stock and tangible equity unitsJones Day represented VSE Corporation (NASDAQ: VSEC) in connection with concurrent underwritten public offerings of (1) 3,989,362 shares of VSE's Common Stock at a price of $188.00 per share (before underwriting discounts and commissions) and (2) 8,000,000 5.750% tangible equity units, each with a stated value of $50.00 (before underwriting discounts and commissions) (collectively, the "Offerings").
  • VSE Corporation acquires Precision Aviation Group for $2.025 billionJones Day is advising VSE Corporation in the $2.025 billion acquisition of Precision Aviation Group, Inc., a best-in-class global provider of aviation maintenance, repair, and overhaul (MRO) services, distribution, and supply chain solutions serving commercial, business and general aviation, rotorcraft, and defense end markets, from GenNx360 Capital Partners.
  • Anteris Technologies completes $230 million public offering of Common StockJones Day represented Anteris Technologies Global Corp. (NASDAQ: AVR; ASX: AVR) ("Anteris") in connection with an underwritten public offering of 40,000,000 shares of its Common Stock for an aggregate purchase price of $230 million.
  • Invitation Homes acquires ResiBuiltJones Day advised Invitation Homes Inc. in the acquisition of ResiBuilt Homes, LLC, a leading build-to-rent (“BTR”) developer in high-growth markets across the Southeast.
  • National bank leads $150 million syndicated senior secured revolving credit facilityJones Day advised a national bank, as administrative agent, in connection with a $150 million syndicated senior secured revolving credit facility provided to a company leader in performance marketplaces and technologies for the financial and home services industries.
  • Simpson Manufacturing amends and restates its senior credit facilitiesJones Day represented Simpson Manufacturing Co., Inc. in connection with an amendment and restatement of its senior credit facilities, consisting of $600 million in revolving commitments and $300 million of term loans.
  • Omnicom Group completes exchange offers and consent solicitations for outstanding IPG debtJones Day represented Omnicom Group Inc., a leading provider of data-inspired, creative marketing and sales solutions, in connection with its exchange offers and consent solicitations of $2.95 billion aggregate principal amount of registered notes across six tranches, each issued by The Interpublic Group of Companies, Inc., for new Senior Notes issued by Omnicom Group Inc.
  • Global bank provides $30 million senior secured credit facility to design and advertising agencyJones Day represented a global bank, as administrative agent, sole lead arranger, and sole bookrunner, in connection with a new $30 million senior secured credit facility, consisting of a $10 million revolving credit facility and a $20 million term loan facility, provided to a design and advertising agency.
  • Underwriters complete $111.9 million Floating Rate Notes offering by Exxon Mobil CorporationJones Day advised the underwriters in connection with Exxon Mobil Corporation's SEC-registered offering of $111.9 million principal amount of Floating Rate Notes due 2075.
  • Kaiser Aluminum completes $500 million Senior Notes offeringJones Day represented Kaiser Aluminum Corporation (NASDAQ: KALU) in connection with a Rule 144A and Regulation S offering of $500 million aggregate principal amount of 5.875% Senior Notes due 2034.
  • Cleveland-Cliffs completes $951 million public offering of Common SharesJones Day represented Cleveland-Cliffs Inc. in connection with an underwritten public offering of 75,000,000 of its Common Shares, resulting in net proceeds of $951 million.
  • VSE Corporation completes $400 million public offering of Common StockJones Day represented VSE Corporation (NASDAQ: VSEC) in connection with an underwritten public offering of 2,352,941 shares of VSE's Common Stock at a price of $170.00 per share (before underwriting discounts and commissions).
  • ATP partners with PIF's SURJ Sports Investment in first-ever expansion of the Masters 1000 categoryJones Day advised the ATP Tour, Inc. in connection with its agreement with SURJ Sports Investment, a PIF company, regarding the launch of an all-new ATP Masters 1000 tournament, to be hosted in Saudi Arabia.
  • Cleveland-Cliffs completes $275 million Senior Unsecured Notes offeringJones Day represented Cleveland-Cliffs Inc. in connection with its Rule 144A and Regulation S offering of an additional $275 million aggregate principal amount of 7.625% Senior Unsecured Guaranteed Notes due 2034.
  • Xcel Energy completes $900 million public offering of Junior Subordinated NotesJones Day represented Xcel Energy Inc. in connection with its underwritten public offering of $900 million aggregate principal amount of 6.25% Junior Subordinated Notes, Series due 2085.
  • PNC Bank-led syndicate provides $700 million unsecured amended and restated revolving credit facility to EPAM Systems, Inc.Jones Day represented PNC Bank, National Association, as administrative agent, in connection with a $700 million syndicated unsecured amended and restated revolving credit facility provided to EPAM Systems, Inc., a publicly traded software product development and digital platform engineering services company.
  • Better Home & Finance establishes $75 million at-the-market equity programJones Day represented Better Home & Finance Holding Company in connection with the establishment of an at-the-market equity program for the sale of up to $75 million of its shares of Class A Common Stock.
  • OUTFRONT Media enters into $1 billion syndicated secured credit facilitiesJones Day advised OUTFRONT Media Inc. in connection with $1 billion senior secured credit facilities, consisting of a $500 million term loan facility and $500 million revolving credit facility, with Wells Fargo Bank, National Association as administrative agent and collateral agent.
  • TransDigm reprices $3.543 billion of existing tranche I and K term loansJones Day represented TransDigm Group Incorporated and certain of its subsidiaries in connection with an amendment to its senior credit facilities pursuant to which TransDigm repriced $1.686 billion of its existing term loans K maturing March 22, 2030 and amended and extended, and repriced, $1.857 billion of its existing term loans I by converting such loans into term loans K.
  • Cleveland-Cliffs completes $850 million Senior Unsecured Notes offeringJones Day represented Cleveland-Cliffs Inc. in connection with its Rule 144A and Regulation S offering of $850 million aggregate principal amount of 7.625% Senior Unsecured Guaranteed Notes due 2034.
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    August 2025 Alert

    New "Beginning of Construction" Guidelines Issued for Wind and Solar Tax Credits

    July 2025 Alert

    The One Big Beautiful Bill Becomes Law: Impact on Clean Energy Tax Credits

    May 2025 Alert

    The One, Big, Beautiful Bill: Impact on Clean Energy Tax Credits

    JANUARY 2025 Alert

    Draft Guidance on the Section 45Z Clean Fuel Production Credit

    JANUARY 2025 Alert

    Final Clean Electricity Production and Investment Tax Credit Regulations Provide Taxpayers With Welcomed Guidance

    DECEMBER 2024 Alert

    Final Regulations Expand Access to "Direct Pay" Elections for Energy Credits

    May 2024 Alert

    Proposed Treasury Regulations Provide Guidance on New Clean Electricity Production and Investment Tax Credits

    July 2023 Commentary

    U.S. Treasury and OECD Lay Groundwork for Selling Clean Energy Tax Credits

    August 2022 White Paper

    Inflation Reduction Act: Impact on Electric Vehicle and Transportation Industries

    August 2022 White Paper

    Inflation Reduction Act: Impact on Renewable Energy
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