J. EricMaki

Partner

New York + 1.212.326.3780

Collegati

Condividi

Eric Maki has more than 30 years of experience in the area of capital markets, with particular emphasis in public offerings and private placements of securities, and, in particular high yield debt issuances. Eric has represented issuers, underwriters, and investors in a wide variety of public and private offerings (including pursuant to Rule 144A and Regulation S) of debt, equity, preferred stock, and hybrid and structured securities, debt restructurings, tender offers, exchange offers, consent solicitations, unit offerings, securitizations, and other complex transactions. His practice includes substantial representation of foreign private issuers. He also regularly advises domestic and non-U.S. companies on Securities and Exchange Commission (SEC) reporting, corporate governance, and securities law compliance matters and advises on the securities aspects of public and private M&A transactions.

Eric's recent engagements include representing Sprint Corporation in connection with a $7 billion spectrum-back debt program, as well as a $1.7 billion debt tender offer; Rex Energy in connection with an $800 million debt exchange offer as well as a $250 million first lien credit facility; and Exide Corporation in connection with a $600 million recapitalization/debt restructuring. Eric also has recently represented, among others, the following clients in connection with significant securities transactions: Asbury Automotive Group, Cascades, Church's Holding Corp., Eastman Chemical, FTI Consulting, Gray Television, International Automotive Components Group, Morgan Stanley, Orange, and Procter & Gamble.

Eric is involved in many aspects of the Firm's capital markets practice area, including being a member of the Firm's Opinion Committee.

Esperienze

  • Gray Television completes $1.85 billion refinancing, including $1.25 billion private offering of Senior Secured First Lien Notes and new $500 million senior secured term loanJones Day represented Gray Television, Inc. (“Gray”), a television broadcast company headquartered in Atlanta, Georgia that owns and/or operates television stations and digital assets in 114 television markets that collectively reach approximately 36% of U.S. television households, in connection with its (i) private offering of $1.25 billion aggregate principal amount of 10.500% Senior Secured First Lien Notes due 2029 (the “Notes”) under Rule 144A and Regulation S, and (ii) new $500 million term loan “B” facility.
  • PHINIA Inc. completes $525 million Senior Secured Notes offering and amends credit agreementJones Day represented PHINIA Inc. in connection with (i) a Rule 144A and Regulation S offering of $525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029 and (ii) an amendment to the credit agreement that governs the company's existing credit facilities to modify certain covenants, remove the mandatory prepayment provision based on quarterly and annual operating cash flow calculations, and increase the required total net leverage ratio under the company's financial covenant.
  • Cascades enters into $60 million accounts receivable monetization facilityJones Day represented Cascades Inc., a producer of sustainable, innovative, and value-added packaging, hygiene and recovery solutions, and certain of its subsidiaries, in connection with a new $60 million accounts receivable monetization facility with Coöperatieve Rabobank U.A., New York Branch, as purchaser.
  • Greenpac Mill obtains $150 million revolving credit facilityJones Day represented Greenpac Mill, LLC, a subsidiary of Cascades Inc., in connection with a $150 million revolving credit facility with National Bank of Canada, as administrative agent.
  • Greystar completes $850 million refinancingJones Day advised Greystar Real Estate Partners, LLC, a fully-integrated property management, investment management and development and construction services company specializing in the multifamily real estate industry, in connection with its $850 million refinancing, consisting of (i) a new $450 million syndicated “term loan B” credit facility, and (ii) the issuance of $400 million in aggregate principal amount of 7.750% Senior Secured Notes due 2030 in a Rule 144A and Regulation S offering.
  • Diebold Nixdorf successfully restructures over $2.7 billion in funded debt and completes the first-ever dual proceeding under the U.S. bankruptcy code and Dutch restructuring law in 71 daysIn the first-ever cross border restructuring involving dual main proceedings under chapter 11 of the U.S. Bankruptcy Code and a scheme of arrangement (the "Dutch Scheme") under the Dutch Act on Confirmation of Extrajudicial Plans (Wet Homologatie Onderhands Akkoord ("WHOA")), and the first-ever chapter 15 recognition of Dutch Scheme proceedings and a sanctioned WHOA reorganization plan (the "WHOA Plan"), Jones Day represented Diebold Nixdorf, Incorporated ("Diebold") and certain of its U.S. and Canadian subsidiaries (the "Debtors") in connection with (i) the prepackaged chapter 11 cases of In re Diebold Holding Company, LLC, et al., (Case No. 23-90602-DRJ) commenced on June 1, 2023, in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court"); (ii) the Dutch Scheme, commenced on June 1, 2023 by Diebold Nixdorf Dutch Holding B.V. (the "Dutch Issuer") in the District Court of Amsterdam (the "Dutch Court"), and (iii) the chapter 15 proceedings before the Bankruptcy Court commenced by the foreign representative of the Dutch Issuer, wherein the Bankruptcy Court recognized the Dutch Scheme proceeding as a foreign main proceeding and recognized and extended comity to the WHOA Plan that was sanctioned by the Dutch Court.
  • Fortrea completes $570 million private placement of Senior Secured Notes and obtains $1.5 billion credit facilityJones Day represented Fortrea Holdings Inc., a leading global contract research organization (“CRO”) that provides comprehensive phase I through IV biopharmaceutical product and medical device services, patient access solutions and other enabling services, in connection with the Rule 144A and Regulation S offering of $570 million aggregate principal amount of 7.500% Senior Secured Notes due 2030 and a $1.5 billion senior secured credit facility as part of its spin-off from Laboratory Corporation of America Holdings.
  • HanesBrands completes $600 million Senior Notes offering and prices $900 million term loan B facilityJones Day represented HanesBrands Inc. in connection with (i) a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 9.000% Senior Notes due 2031 and (ii) an amendment to the credit agreement that governs the company's existing senior secured credit facilities to provide for a new $900 million senior secured term loan B facility (the “Term Loan B”).
  • Bally's transfers real property assets of two properties to Gaming And Leisure Properties for $635 millionJones Day advised Bally's Corporation on the completion of the previously announced transfer of the real property assets of Bally's Tiverton Casino & Hotel in Tiverton, RI and Bally’s Hard Rock Hotel & Casino Biloxi in Biloxi, MS to GLP Capital, L.P., the operating partnership of Gaming and Leisure Properties, Inc., for $635 million in total consideration, inclusive of $15 million in the form of OP units. Bally's leased back both properties and continues to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis.
  • Intelsat closes $6.7 billion DIP-to-exit financing transactionsOn May 13, 2020, Intelsat S.A. and certain of its direct and indirect subsidiaries (the “Intelsat Parties”) filed voluntary petitions with the U.S. Bankruptcy Court for the Eastern District of Virginia commencing their respective cases under Chapter 11 of the Bankruptcy Code.
  • Asbury Automotive Group acquires Larry H. Miller Dealerships and Total Care Auto for $3.2 billionJones Day advised Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., in its acquisition of Larry H. Miller Dealerships, and Total Care Auto, Powered by Landcar for $3.2 billion.
  • Gray Television acquires Meredith Corporation's Local Media Group for $2.8 billionJones Day advised Gray Television, Inc. in the $2.8 billion acquisition and financing of Meredith Corporation’s Local Media Group, which owns 17 broadcast television stations in 12 local markets.
  • Asbury Automotive completes $600.6 million Shares of Common Stock and $1.4 billion Senior Notes offeringJones Day represented Asbury Automotive Group, Inc. (the "Company") in connection with (i) its underwritten public offering (the "Common Stock Offering") of 3,795,000 Shares of its Common Stock, par value $0.01 per share (the "Shares") resulting in gross proceeds of approximately $600.6 million and (ii) its offering of Senior Notes (the “Notes Offering”), consisting of $800 million aggregate principal amount of 4.625% Senior Notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of 5.000% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).
  • Millicom International Cellular obtains bridge loan facilityJones Day advised Millicom International Cellular S.A. in connection with a bridge loan facility with a syndicate of commercial banks.
  • Cascades completes $300 million modified Dutch auction tender offerJones Day represented Cascades Inc., a producer of sustainable, innovative, and value-added packaging, hygiene and recovery solutions, in connection with a modified Dutch auction tender offer for $300 million of its 5.125% Senior Notes due 2026 and 5.375% Senior Notes due 2028.
  • Gray Television completes $1.3 billion private offering of Senior NotesJones Day represented Gray Television, Inc. (“Gray”), a television broadcast company headquartered in Atlanta, Georgia that owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach approximately 36% of U.S. television households, in connection with its private offering of $1.3 billion aggregate principal amount of 5.375% Senior Notes due 2031.
  • Millicom obtains $125 million term loan facilityJones Day advised Millicom International Cellular S.A. and Millicom Cable Costa Rica, S.A., in connection with a 5-year, $125 million multi-currency term loan facility with a syndicate of five commercial banks.
  • Leading automotive components and systems supplier obtains $100 million senior secured term loan facilityJones Day represented a leading automotive components and systems supplier in connection with a $100 million senior secured term loan facility.
  • The Toledo Edison Company issues $150 million Senior Secured Notes and First Mortgage BondsJones Day represented The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.
  • Gray Television leads $40 million Series C financing of Envy Gaming, Inc.Jones Day represented Gray Television, Inc. as lead investor in a $40 million Series C financing of Envy Gaming, Inc., an entertainment and esports company based in Dallas, Texas.
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    February 2015 Alert

    SEC Proposes Disclosure Regarding Hedging Policies

    January 2015 Alert

    SEC Permits Abbreviated Tender and Exchange Offers for Non-Convertible High-Yield and Investment-Grade Debt Securities

    April 2014 Commentary

    High Yield Debt: Credit Bubble and Litigation Risks

    April 2014 Alert

    United States Court of Appeals Holds SEC's Rules Regarding Conflict Minerals Violate First Amendment

    May 2013 Commentary

    Securities and Exchange Commission Gives Guidance to Non-U.S. Broker-Dealers Through Rule 15a-6 FAQs

    February 2012 Jones Day Publications

    Foreign Private Issuers of Equity Securities in the United States

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