Gregory E. Pessin

In his financing practice, Pessin has represented, among others:

• Salesforce in connection with committed bridge financing and permanent bank and bond financing for its $8 billion acquisition of Informatica, its $27.7 billion acquisition of Slack and its $6.5 billion acquisition of MuleSoft;
• Broadcom with respect to $32 billion of committed and permanent financing to fund its acquisition of VMware, $18 billion of committed financing to fund its acquisition of CA, Inc. and $15.5 billion of committed financing to fund its acquisition of the enterprise security business of Symantec Corporation and to refinance certain debt, and on more than $14 billion of other bond financing transactions;
• Dick’s Sporting Goods on committed bridge financing and permanent bank financing with respect to its $2.5 billion acquisition of FootLocker, and on more than $3.5 billion of other debt-related transactions, comprising credit facilities, senior notes and convertible notes;
• AbbVie on the financing of its acquisition of ImmunoGen and related transactions, including committed bridge financing, a $5 billion term loan and a $15 billion offering of senior notes, and on all financing aspects related to its $21 billion acquisition of Pharmacyclics, including with respect to bridge financing commitments and a $16.7 billion senior notes offering;
• Nasdaq Inc. on a $5.7 billion bridge financing commitment and its issuance of euro- and dollar-denominated senior notes and entry into a term loan to find its acquisition of Adenza, on a $2.5 billion bridge financing commitment and its issuance of senior notes to finance its acquisition of Verafin and on a $1.1 billion bridge financing commitment and its issuance of dollar- and euro-denominated senior notes to finance its acquisition of International Securities Exchange;
• Motorola Solutions Inc. with respect to committed bank financing and a $2 billion notes offering to fund its $4.4 billion acquisition of Silvus Technologies and with respect to its $1 billion issuance of convertible notes to Silver Lake;
• XPO Logistics on more than $17 billion of financing transactions, including in connection with its €3.24 billion acquisition of Norbert Dentressangle S.A., its $3 billion acquisition of Con-way and its spin-offs of GXO Logistics and RXO;
• Cigna with respect to bridge and permanent financing for its $67 billion acquisition of Express Scripts;
• Kimco Realty Corporation in its $2 billion acquisition of RPT Realty, in its $3.9 billion acquisition of Weingarten Realty and on more than $6.5 billion of other financing transactions;
• Affiliates of Towerbrok Capital Partners with respect to financing for their $8.9 billion acquisition, with CD&R, of R1 RCM.
• Marlins Holdings in connection with the financing of its acquisition of the Miami Marlins;
• Becton-Dickinson in connection with the spinoff of Embecta, including on the issuance of $700 million of secured notes, $950 million of secured term loans and a $500 million revolving credit facility;
• GXO Logistics on a £763 million bridge credit agreement, a £250 million permanent term loan, an $800 million revolver and a $1.1 billion issuance of senior notes to fund its acquisition of Wincanton, on bridge commitments and permanent financing for its £943 million acquisition of Clipper Logistics and with respect to a new $800 million revolving credit facility and $800 million of senior notes in connection with its spin-off from XPO Logistics;
• Thermo Fisher Scientific in connection with committed financing for its $7.2 billion acquisition of Patheon N.V., its $2.1 billion purchase of Dionex, its $13.6 billion acquisition of Life Technologies and its $10.6 billion purchase of Fisher Scientific;
• Pfizer with respect to $12 billion of committed bridge financing in connection with the $48 billion combination of its off-patent drug business with Mylan
• MDU Resources on all financing aspects of its spin-off of Knife River Corporation, including on more than $1 billion of new high-yield bank and bond financings and of its spin-off of Everus Construction Group, including $525 million of new high-yield bank financings;
• Cabot Microelectronics Corporation on secured high-yield financing to fund its $1.6 billion acquisition of KMG Chemicals, Inc.;
• Penn National Gaming on all financing matters relating to its $2.8 billion acquisition of Pinnacle Entertainment;
• Affiliates of The Carlyle Group on their acquisitions of BenefitsMall, CFGI and Duff & Phelps;
• The J.M. Smucker Company in its issuance of $3.5 billion of senior notes and entry into an $800 million term loan facility in order to finance its acquisition of Hostess Brands and in its issuance of $3.65 billion of senior notes and its entry into a $1.75 billion term loan facility in order to finance its acquisition of Big Heart Pet Brands;
• Tesla in connection with its $2.6 billion acquisition of SolarCity;
• Regency Centers on financing matters in connection with its $15.6 billion combination with Equity One;
• PVH on financing of its $3 billion purchase of Tommy Hilfiger and its $3 billion acquisition of Warnaco, and on more than $15 billion of other financing transactions;
• Abbott Laboratories on its spinoff of AbbVie (including with respect to $14.5 billion of senior bank and bridge financings and $14.7 billion of senior notes);
• Cousins Properties on financing issues in its merger with Parkway Properties and simultaneous spin-off of the Houston-based assets of both companies and on its acquisition of Tier Reit; and
• Global Payments on financing matters in connection with its $21.5 billion merger with Total System Services.

Pessin’s roles in high-stakes disputes involving debt and financing issues include representing Twitter in is litigation with, and ultimate acquisition at the originally agreed $44 billion purchase price by, Elon Musk; providing expert advice on the central issue in an arbitration relating to a multi-billion dollar failed cross-border acquisition in Brazil; and counseling the senior secured term lenders to Spectrum Brands, Inc. in a contested bankruptcy in which Spectrum and its junior note holders attempted to reinstate his clients’ $1 billion secured term debt facility.

In the distressed and restructuring space, among other projects, Pessin has represented Google Inc. as the stalking horse bidder in Nortel Networks’ $4.5 billion sale of its patent assets in a §363 sale in bankruptcy; XPO Logistics as purchaser of 28 logistics service centers from Yellow in a §363 sale in bankruptcy; Penn National Gaming as stalking horse bidder for the Fontainebleau Las Vegas in a §363 sale in bankruptcy; and affiliates of Apollo Management in connection with their acquisition of Aleris International through a pre-negotiated bankruptcy reorganization plan.

Pessin received a B.A. from Duke University in 2001, where he was the editor of The Chronicle, the daily independent newspaper of the university community. Greg is currently a member of the Board of Directors of Duke Student Publishing Company.

He received a J.D. with honors from The University of Chicago Law School in 2005, where he was named a member of the Order of the Coif and was a member of The University of Chicago Law Review. Pessin recently served as co-chair of the Law School’s 1902 Leadership Committee and is currently a member of the Law School Council.