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image   Tom Draper, Practice Group Head
University of Texas School of Law, 1979
800-951-4888 x7430
thomas.draper@ropesgray.com

How big is our practice group?
45 lawyers (13 partners, 32 associates).


Melissa Moran (Suffolk University Law School '05) joined Ropes & Gray in 2005 and has worked on a number of significant matters as a member of the Debt Financing group.

What do we do?

Our group represents private equity funds, companies, banks and institutional investors in a broad range of financing transactions. We help our clients get money to finance acquisitions and other business needs by negotiating the structure and terms of the financing, such as credit facilities and high yield bonds, and where the financing fits in the corporate structure. Acquisition finance is one of our specialties and we have worked on many high profile deals. When the economy is not doing well, we also help clients renegotiate the financing terms or restructure their debt.

 
New York associate Ryan Tooley (University of Texas School of Law '06) has made substantial contributions to our Debt Financing group.

What have we done lately?
  • Represented Bain Capital and The Blackstone Group in structuring and obtaining financing, including secured credit facilities and “jumbo” mezzanine notes, for the multi-billion dollar acquisition of The Weather Channel Companies by a consortium comprised of Bain Capital, Blackstone and NBC Universal. For a description of the associate's role in this transaction, click here.
  • Represented Bain Capital and THL Partners in structuring and obtaining $18.8 billion of aggregate financing, including an ABL revolving credit facility, secured credit facilities, cash pay and PIK toggle high yield notes, for the private-equity led acquisition of Clear Channel Communications, Inc., the largest radio broadcasting company in the U.S. and a worldwide leader in outdoor advertising.  For a description of the associate's role in this transaction, click here.
  • Represented Bain Capital and other investors in obtaining $2.9 billion in aggregate financing, including a $790 million real estate securitization (for commercial mortgage backed securities), for the going-private transaction of OSI Restaurant Partners, owner of Outback Steakhouse, Fleming's, Carrabba's, Bonefish Grill and other prominent restaurant chains.
  • Represented Domino's Pizza in the financing of a recapitalization and repayment of the company's existing senior secured credit facility, through an interim financing of $1.35 billion of bridge facilities, and refinancing with a $1.85 billion “whole business securitization”, which included all of the company’s domestic franchises, revenue associated with international franchises and other revenue-generating assets. For a description of the associate's role in this transaction, click here.
  • Represented Silver Lake Partners and TPG Capital in obtaining approximately $6 billion in aggregate financing for the acquisition of Avaya, a leading telecommunications equipment provider, in what was one of the largest technology LBO's in history. For a description of the associate's role in this transaction, click here.

When do we meet?
The group meets monthly to review client and legal developments.