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Overview
Sung Ho (Danny) Choi is a Partner in the Global Finance practice of Paul Hastings and is based in the firm's New York office.
His practice focuses on corporate finance and restructuring transactions. His practice includes the representation of U.S. and foreign financial institutions, leading commercial and investment banks, alternative lenders and corporations in leveraged finance transactions, including acquisition financings, syndicated senior loans, asset-based and cash-flow financings, second lien loans, and recapitalizations. In addition, Mr. Choi has extensive experience in representing debtors, creditors, lenders, investors, and acquirers of assets in all aspects of bankruptcy and financial restructuring. Mr. Choi currently serves as the Chair of the NY Corporate Department.
Education
Mr. Choi received his B.A. degree from the University of Pennsylvania in 2003, and his J.D. degree from American University, Washington College of Law (cum laude) in 2007. He is a member of the Bar of the State of New York. He is also admitted to practice before the Southern District of New York.
Mr. Choi is fluent in Korean and highly proficient in Chinese Mandarin.
Representations
- Represented Moody’s Corporation, a worldwide integrated risk assessment and credit rating business, in connection with its $1.25 billion revolving credit agreement.
- Represented Churchill Asset Management on the financing provided in connection with the acquisition of USA Water by Levine Leichtman Capital Partners.
- Represented the lead arrangers on the $5.6 billion financing for the investment by KKR in healthcare data analytics firm Cotiviti, joining existing investor Veritas Capital.
- Represented KKR Credit, Ares Capital Management, Apollo Global Management, Oaktree Capital, HPS Investments, and Goldman Sachs Asset Management, as lenders, in connection with a definitive agreement for Legends to acquire ASM Global, Inc.
- Advised on the financing for the acquisition of American Tower's Mexico Fiber business, ATC Holding Fibra México, S. de R.L. de C.V., (known commercially as redIT) and its high-capacity fiber optic network covering more than 40 cities throughout Mexico by Flō Networks, a leading provider of digital infrastructure solutions.
- Represented Moody’s Corporation in a term loan facility to support its £1.43 billion (approx. $2 billion) acquisition of RMS, a leading global provider of climate and natural disaster risk modeling and analytics, from Daily Mail and General Trust plc.
- Represented Barclays Bank, as lead arranger and administrative agent, and certain other leading financial institutions as arrangers, in connection with a $860 million term loan facility and $200 million delayed draw term loan facility for Aveanna Healthcare a leading pediatric home healthcare company in the United States.
- Represented Blackstone Credit, Ares Corporation and PSP Investments on the debt financing in connection with Thoma Bravo’s definitive agreement to acquire Auctane (f.k.a. Stamps.com) for $6.6 billion.
- Represented Barclays Bank, as sole book runner and sole lead arranger, in connection with two senior notes offerings by Kronos Acquisition Holdings (“KIK”) totaling $1 billion and a new $900 million senior secured term loan.
- Represented UBS AG, Stamford Branch, as administrative agent, and certain other leading financial institutions as lenders, in connection with the maturity extension of Associated Materials LLC’s ABL facility and a series of recapitalization transactions including the issuance of $250 million senior secured notes.
- Represented Barclays Bank, as administrative agent and lead arranger, in connection with a $1.270 billion senior secured credit facility comprising a $270 million term loan facility and $1 billion revolving credit facility for Encompass Health Corporation, a national leader in integrated healthcare services, offering both facility-based and home-based patient care.
- Represented Delphi Jersey Holdings PLC (“DPS”), a subsidiary of Delphi Automotive PLC (“Delphi”), and Delphi Powertrain Corporation, a wholly-owned U.S. subsidiary of DPS, in connection with their $1.25 billion senior secured credit facilities consisting of a $750,000,000 senior secured term loan facility and a $500,000,000 revolving credit facility. Delphi is a leading global supplier of technologies for the automotive and commercial vehicle markets.
- Represented Barclays Bank PLC as lead arranger and administrative agent in connection with a $1,000,000,000 senior secured credit facility for HealthSouth Corporation, consisting of a $700,000,000 revolving credit facility and a $300,000,000 term loan facility. HealthSouth Corporation is one of the nation’s largest providers of post-acute healthcare services and an industry leader in home-based patient care.
- Represented Barclays Bank PLC, Credit Suisse Securities (USA) LLC, BMO Capital Markets Corp, HSBC Securities (USA) Inc., Natixis Securities Americas LLC, Credit Agricole Corporate and Investment Bank, ING Capital LLC, and Fifth Third Bank as joint lead arrangers and bookrunners, and Barclays Bank PLC, as administrative agent, in connection with a $315,000,000 senior secured credit facility for Clayton, Dubilier & Rice’s acquisition of a majority stake in Capco, a global consulting organization specializing in business, digital, and technology consulting services for the financial services industry.
- Represented Rabobank as the lead arranger, administrative and collateral agent for a $430 million asset-based secured credit facility for Trammo, a privately-owned, global merchandising and distribution company.
- Represented UBS Securities LLC, BMO Capital Markets, and TD Securities (USA) LLC, as lead arrangers and bookrunners, and UBS AG, Stamford Branch, as administrative agent, in connection with $355,000,000 in senior secured credit facilities in favor of Array Canada Inc. Array is a leading provider of in-store marketing services and displays.
- Represented JPMorgan Chase Bank, N.A., Deutsche Bank Securities, Inc., and RBC Capital Markets, as lead arrangers and bookrunners, and JPMorgan Chase Bank, N.A., as administrative agent, in connection with $400,000,000 in senior secured credit facilities in favor of GlobalLogic Holdings Inc. GlobalLogic is a leading digital product engineering services company.
- Represented BMO Capital Markets, RBC Capital Markets, and Canadian Imperial Bank of Commerce, as lead arrangers and bookrunners, and Bank of Montreal and Royal Bank of Canada, as administrative agents, in connection with $380,000,000 in term loan and asset-based revolving credit facilities, financing the acquisition of Rockpoint Gas Storage by Brookfield Asset Management. Rockpoint Gas Storage is the largest independent owner and operator of natural gas storage in North America.
- Represented RBC Capital Markets, Credit Suisse Securities (USA) LLC, Jefferies Finance LLC, and SunTrust Robinson Humphrey, Inc., as lead arrangers and bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $600,000,000 in first lien, second lien, and asset-based credit facilities financing Lone Star Funds’ acquisition of Foundation Building Materials. Foundation Building Materials is a leading specialty distributor of wallboard and suspended ceiling systems.
- Represented RBC Capital Markets, Credit Suisse Securities (USA) LLC, Fifth Third Bank, and BMO Capital Markets, as lead arrangers and bookrunners, and Royal Bank of Canada, as administrative agent, in connection with $600,000,000 of senior secured credit facilities in favor of Impax Laboratories, Inc. Impax Laboratories is a specialty pharmaceutical company focused on developing, manufacturing and marketing generic and branded products.
- Represented RBC Capital Markets, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and SunTrust Robinson Humphrey, Inc., as joint lead arrangers and joint bookrunners, in connection with $185,000,000 in senior secured credit facilities in favor of KeyW Corporation. KeyW is a highly-specialized provider of advanced engineering and technology solutions.
news
- Paul Hastings Advised Moody’s Corporation on $1.25 Billion Revolving Credit Facility - May 6th, 2024
- Paul Hastings Advised Churchill Asset Management LLC on Levine Leichtman Capital Partners’ Acquisition of USA Water - February 27th, 2024
- Paul Hastings Advising Lead Arrangers on Financing KKR’s Investment in Cotiviti - February 14th, 2024
- Paul Hastings Advised Lenders in Connection with Legends’ Acquisition of ASM Global - November 7th, 2023
- Paul Hastings Advised Flō Networks in Acquisition of redIT - May 1st, 2023
- Transtelco Completes Successful Third Party Tender Offer for Maxcom Notes - November 11th, 2021
- Moody's to Acquire RMS for $2 Billion - August 5th, 2021
- Barclays Serves as Lead Arranger for $1.06 Billion Term Loan Facilities for Aveanna Healthcare - July 21st, 2021
- Paul Hastings Advises Blackstone, Ares and PSP in the Debt Financing for Thoma Bravo’s $6.6 Billion Acquisition of Stamps.com - July 9th, 2021
- Barclays Leads $1.9 Billion Dividend Recapitalization Financing for KIK Consumer Products and Centerbridge Partners - December 22nd, 2020
- Associated Materials Announces Completion of Previously Announced Recapitalization Transactions - August 26th, 2020
- Barclays Serves as Lead Arranger and Administrative Agent in Connection with Encompass Health Credit Facilities - December 3rd, 2019
- Barclays, BMO Capital, Deutsche Bank and Jefferies Serve as Bookrunners on $560 Million Notes Offering for Aveanna Healthcare - November 25th, 2019
- Major Financial Institutions to Provide Financing for KKR’s Acquisition of Arnott’s Biscuits - August 26th, 2019
- RBC Completes $900 million Multi-Currency Asset-Based Revolving Credit Facility for JBS USA - November 28th, 2018
- Barclays Provides Financing in Conjunction with Mattress Firm’s Chapter 11 Emergence - November 26th, 2018
- Barclays and Royal Bank of Canada Commit to Provide $1.495 Billion Financing for Victory Capital Holdings - November 13th, 2018
- Barclays Provides Financing for Mattress Firm - October 11th, 2018
- Barclays Provides Financing for Mattress Firm Credit Facility - December 26th, 2017
- Barclays Acts as Lead Arranger in Connection with $1 Billion of HealthSouth Credit Facilities - October 2nd, 2017