Kenneth Panis is an associate in the New York office of Cahill Gordon & Reindel LLP where he focuses his practice on corporate matters with an emphasis on matters relating to banking and finance, private credit, capital markets, and European leveraged finance
Kenneth represents leading investment banks, institutional investors, commercial banks and private lenders in connection with public and private capital markets transactions, including debt offerings, high yield bond offerings, equity offerings, mezzanine financings, bank financings, syndicated institutional loans, asset backed loans, tender offers and consent solicitations in connection with direct lending transactions, acquisition financings, leveraged buyouts, going-private transactions, recapitalizations, project financings, bridge lending and loan commitments and other financing transactions.
Selected Matters
Direct Lender Representations:
- A leading alternative lender in connection with a $300 million credit facility and related equity co-investment to finance a sponsor backed acquisition of a national litigation support services provider.
- A leading alternative lender in connection with a $70 million credit facility and related equity co-investment to finance a sponsor backed acquisition of a national litigation support services provider.
- A leading alternative lender in connection with a $96 million incremental first lien delayed draw term loan facility and $5 million incremental revolving facility to fund the acquisition of a global medical communications agency.
- A leading alternative lender in connection with a $100 million incremental first lien delayed draw term loan facility to support future add-on acquisitions.
- A leading alternative lender in connection with a $70 million senior unsecured Holdco loan facility.
- A leading alternative lender in connection with a $91 million incremental first lien delayed draw term loan facility to support future add-on acquisitions.
Syndicated Lender Representations
- The administrative agent and lender in connection with an amended and restated $100 million term loan and revolving credit facility for GDC Media, Limited, GDC America, Inc. and Roto Sports, Inc. to finance the acquisition of Odds Holdings, Inc.
- The administrative agent and lead arrangers in connection with a new $1.16 billion credit agreement for the E.W. Scripps Company.
- The lead arrangers in connection with a $1.2 billion Term A credit facility and a $145 million revolving credit facility for Boyd Gaming Corporation.
- The lead arrangers in connection with a $990 million first lien term loan for Kestra Advisors Holdings A, Inc.
- The lead arrangers in connection with a $405 million term loan facility for IC Flamingo Road LLC to refinance existing indebtedness and for renovations of the Rio All-Suite Hotel & Casino, a Dreamscape property.
- The lead arrangers in connection with a $185 million incremental amendment to the existing revolving credit facility for The E.W. Scripps Company.
- The administrative agent and lead arrangers in connection with a $270 million revolving credit facility for Taboola, Inc.
- The lead arrangers in connection with an amendment of the $931 million Term B credit facility and the addition of a $75 million incremental Term B credit facility for the Baldwin Insurance Group Holdings, LLC.
Capital Markets Representations
- The initial purchasers in connection with a Rule 144A/Reg S offering of $725 million senior secured notes due 2031 by Clue Opco to finance the acquisition of Omni Logistics, LLC by Forward Air Corporation.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $700 million senior secured notes due 2032 by MITER Brands Acquisition Holdco, Inc. and PGT Innovations, LLC to finance the acquisition of PGT Innovations.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $550 million senior secured notes due 2032 by Acrisure, LLC and Acrisure Finance, Inc. to fund future acquisitions, including the acquisition of Heartland Payroll Solutions.
- The dealer manager and solicitation agent in connection with the exchange offers and consent solicitations to exchange up to $2.695 billion of Mauser Packaging Solution Holding Company’s outstanding senior first lien notes due 2027 for senior first lien notes due 2030 and up to $1.343 billion of its outstanding principal amount of senior secured notes due 2027 for newly issued senior secured second lien notes due 2030.
- The dealer manager in connection with Mauser Packaging Solutions’ exchange offer of $2.75 billion of its outstanding senior first lien notes due 2026 for newly issued senior first lien notes due 2027.
- The initial purchasers in connection with an offering of $1.6 billion senior secured and unsecured notes by Acrisure, LLC and Acrisure Finance, Inc. and concurrent $400 million tender offer.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $350 million senior secured notes due 2031 by W.R. Grace Holdings.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $925 million Senior Notes due 2029 by Acrisure, LLC and Acrisure Finance, Inc.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $750 million senior secured second lien notes due 2030 by The E.W. Scripps Company.
- The initial purchasers in connection with a Rule 144A/Reg S offering of $500 million senior secured notes due 2033 by W.R. Grace Holdings.
