Overview
Stephen Gruendel is a partner in the Finance practice at Paul Hastings and is based in the firm’s New York office.
Mr. Gruendel represents leading direct lenders, investment banks, institutional investors, and commercial banks in connection with private credit financings, syndicated institutional loans, asset-backed loans and bridge loans, and commitments to finance acquisitions, leveraged buyouts, going-private transactions, recapitalizations, and exit financings.
Mr. Gruendel also advises underwriters and initial purchasers in connection with public and private capital markets transactions, including secured and unsecured high-yield debt securities and related tender offers, exchange offers, and consent solicitations. He also has experience representing borrowers and lenders in complex financing arrangements including securitizations and other structured financings.
Representations
- Golub Capital, as administrative agent, on a mega unitranche facility to finance the acquisition by CVC Capital Partners of Radwell International and its subsidiaries
- Golub Capital and Audax Private Debt, as lenders, on financing for the acquisition of Ned Stevens by Cobepa
- Goldman Sachs and the other initial purchasers in connection with a $775 million notes offering, in connection with Sealed Air’s acquisition of Liqui-Box
- Initial purchasers in connection with $645 million Rule 144A notes offering to finance in part take-private acquisitions by Clayton Dubilier & Rice, LLC of Ply Gem Industries and Atrium Windows & Doors
- Lead arrangers providing <$12 billion credit facility to finance Blackstone Group’s acquisition of a 55% stake in Refinitiv from Thomson Reuters Corp.
- Initial purchasers and underwriters in multiple registered and Rule 144A notes offerings for subsidiaries of Charter Communications, Inc. totaling over $40 billion, including to finance in part Charter’s acquisition of Time Warner Cable
- Initial purchasers and underwriters in multiple registered notes offerings for HCA, Inc. totaling over $10 billion
- Initial purchasers and underwriters in multiple registered and Rule 144A notes offerings for Tenet Healthcare Corporation totaling over $10 billion
- Regular representation of private credit lenders in connection with leveraged buyouts and other acquisitions and investments
Matters may have been handled prior to joining Paul Hastings.