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Represented administrative agent and letter of credit bank in connection with $319 million refinancing and conversion of certain tax-exempt auction rate securities into tax-exempt variable rate demand securities issued by a municipal financing authority and supported by a receivables securitization program sponsored by an operator of 37 hospitals in ten states.
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Represented Graphic Packaging Corporation, an Atlanta-based public company, in connection with its $1.3 billion of debt financing for the acquisition of Altivity, LLC, a portfolio company of Texas Pacific Group.
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Represented the nation's third largest video rental company in its $1.195 billion debt financing for its successful all-cash acquisition of the nation's second largest rental company. In this much-publicized transaction, our client outdueled a rival competitor for the property and was able to finance the acquisition with an $870 million senior bank credit facility and a $325 million high-yield bond issue.
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Represented Southeastern "bundled" telecommunications provider in its successful "pre-packaged" bankruptcy proceeding relating to $444.1 million in high-yield bonds and approximately $55 million in senior secured bank debt; the prepack resulted in a debt reduction of approximately $250 million for approximately a 19.3% equity interest in the company.
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Represented project sponsor in connection with the U.S. $200 million project financing of certain mining operations in the Amazon Basin, Brazil; coordinated complex debt and equity participations from U.S., French, German, Japanese and Brazilian investors, including significant Brazilian pre-export secured financings from Credit Lyonnais (New York and Paris offices), Bayerische Hypo-und Vereinsbank AG (Munich office) and Sumitomo Corporation (New York and Tokyo offices).
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Represented Credit Suisse First Boston as lead underwriter in connection with $314 million high-yield debt offering issued by Caraustar Industries, Inc.
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Represented major Atlanta-based telecommunications company in connection with numerous bank financings of certain of its Latin American properties.
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Represented equipment lessor/vendor in connection with a multi-tranche $150 million leasing facility of computer hardware to a technology concern.
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Represented lead underwriter in high-yield debt offering by a nationally-recognized home mortgage originator and service provider.