Michael A. Sherman

PARTNER

Michael’s practice focuses on corporate finance and general securities and corporate matters. He represents leading investment banking firms and commercial banks, public and private companies and private equity funds in public and private debt and equity offerings (including high yield, investment grade, secured, unsecured and insured bonds, common stock and preferred stock), bank financings, mergers and acquisitions and general corporate matters.

CORPORATE COUNSEL:

Michael represents various public companies such as The Empire District Electric Company, Krispy Kreme Doughnuts, Inc., and Beazer Homes, USA, Inc. in connection with a wide variety of corporate matters, including financings and securities transactions, SEC filings, corporate governance, and general corporate advice.

SELECTED TRANSACTIONS:

LBO Financings

Michael has represented the lead arrangers (including Bank of America, Citi, JPMorgan and Merrill Lynch) in providing financing for some of the largest leveraged buyout transactions of all time, including:

• TXU Corp. ($24.5 billion of bank financing)
• Harrah's Entertainment, Inc. ($9.25 billion of bank financing)
• Kinder Morgan, Inc. ($5.8 billion of bank financing)
• The HD Supply business of The Home Depot ($3.4 billion of bank financing)
• The Sports Authority, Inc. ($1.0 billion of bank financing)

Capital Markets/Corporate Finance Transactions

Michael has represented the lead underwriters, initial purchasers and arrangers (including Citi, Deutsche Bank, JPMorgan, Merrill Lynch and UBS) in connection with many capital markets and corporate finance transactions, including:

• High-yield debt and common stock offerings by leading homebuilder Meritage Homes Corporation, generating over $1 billion of aggregate proceeds
• Numerous debt and equity offerings by Xerox Corporation, generating approximately $3 billion of aggregate proceeds
• A $200 million convertible preferred stock offering by Universal Corporation, the world's largest leaf tobacco merchant and processor
• A $1.4 billion bridge loan for the acquisition of TravelCenters of America, Inc. by Hospitality Properties Trust
• A $500 million synthetic letter of credit facility to The AES Corporation, a global power company

M&A Transactions

Michael has represented companies in connection with significant merger and acquisition transactions,  including:

• Representation of JPMorgan in connection with its approximately $1 billion acquisition of hedge fund advisor Highbridge Capital Management, LLC
• Representation of wireless communications company US Unwired Inc., in connection with its $1.3 billion acquisition by Sprint Corporation
• Representation of ACON Investments, a private equity firm, in connection with its acquisition and subsequent sale of Florimex International, a global flower company

Michael has practiced at Cahill since his graduation from New York University School of Law. He became a partner in 2006.