Jay J. Kim

Partner

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  • JD, Boston University School of Law, 1989
  • BS, Northwestern University, 1985

Qualifications

  • New York
  • IFLR1000 (2019)
  • Chambers Global: The World’s Leading Lawyers for Business (2012-2018)
  • Chambers USA: America's Leading Lawyers for Business (2008-2019)
  • Leading Lawyer, IFLR1000 (2014-2018)
  • The Legal 500 (2013-2018)
  • New York Super Lawyers (2013-2014, 2018)
  • PLC Which Lawyer(2010-2011)

Jay J. Kim

Partner

Jay is a corporate partner in New York and former co-head of the global Finance Group. Jay focuses on leveraged finance, cross-border financings and other complex structured transactions, including acquisition financing commitments, syndicated loan financings, high yield bond offerings, junior capital and structured transactions. Jay regularly represents Advent International, The Blackstone Group, CCMP Capital, THL Partners, TPG Capital and other leading private equity sponsors as well as public and private corporate issuers in a variety of industries with their financing needs.

Jay is recognized by Chambers Global: The World’s Leading Lawyers for Business as a leading attorney in Banking and Finance who “thinks five steps ahead of the deal” and is recognized as “very creative, smart and tenacious” by Chambers USA: America's Leading Lawyers for Business.

Experience

  • Brookfield Global Integrated Solutions in US$530 million of 1st lien credit facilities and C$195 million of 2nd lien credit facilities in connection with acquisition by CCMP Capital of the global businesses of Brookfield Global Integrated Solutions, including in Canada, Australia, the U.S., Europe and APAC.
  • Aimbridge Hospitality Holdings, LLC in $455 million of 1st and 2nd lien credit facilities in relation to the acquisition of Aimbridge Hospitality by Advent International.
  • McAfee, LLC in approximately $4.76 billion of 1st lien (including euro tranches) and 2nd lien credit facilities. McAfee, a leading global independent cybersecurity company, was formed by TPG Capital and Intel Corporation.
  • Eating Recovery Center in $325 million of 1st and 2nd lien credit facilities in relation to the acquisition of Eating Recovery Center by CCMP Capital.
  • PQ Corporation in its $300 million offering of senior unsecured notes to redeem existing senior unsecured notes in a complex capital structure including approximately $2.4 billion of ABL credit facilities, senior secured term loan facilities, senior secured notes, and senior unsecured notes.
  • Change Healthcare, LLC in $6.6 billion of senior credit facilities and high yield bonds, in relation to the creation of a new information technology company by The Blackstone Group, Change Healthcare Holdings, Inc. and McKesson Corporation.
  • Hayward Industries in $1.535 billion of ABL, 1st and 2nd lien credit facilities in relation to the acquisition of Hayward Industries by CCMP Capital and Hayward’s subsequent add-on acquisitions and capital structure optimization.
  • Truck Hero, Inc. on its $1.025 billion of 1st and 2nd lien credit facilities in relation to the acquisition of Truck Hero by CCMP Capital.
  • AccentCare, Inc. in obtaining commitments for $600 million of ABL revolving credit facilities, 1st lien cash flow revolving and term loan credit facilities and a 2nd credit facility in connection with the acquisition of AccentCare by Advent International expected to close June 2018.
  • Genoa, a QoL Healthcare Company in $1.3 billion of 1st and 2nd lien credit facilities in relation to the acquisition of Genoa by Advent International and Genoa’s dividend recapitalization transaction.
  • The Hillman Companies in over $1.5 billion of ABL and senior secured term loan credit facilities and senior unsecured notes, including $365 million of incremental term loans to finance the acquisition of Big Time Products.
  • Ansira Holdings, Inc. on its $300 million unitranche credit facilities in relation to the acquisition of Ansira by Advent International.
  • Party City (PC Nextco Holdings, LLC) on approximately $2.6 billion of ABL credit facilities, term loan facilities and high yield bonds.
  • Pactera Technology International on its $370 million of revolving credit facilities and senior secured high yield notes, which was the first high yield bond offering for a China-based company, in relation to the acquisition of China-based Pactera by The Blackstone Group.
  • The Weather Channel Companies in its $4.125 billion of aggregate financing including $1.8 billion in financing in connection with the acquisition of The Weather Channel Companies by The Blackstone Group and Bain Capital, together with NBC Universal, and $2.325 billion of recapitalization transactions.
  • Milacron Holdings in over $1.0 billion of ABL and senior secured term loan credit facilities to refinance existing credit facilities and redeem senior unsecured notes.
  • Par Pharmaceutical Companies Inc. on its $1.62 billion in credit facilities and high yield bonds in relation to the acquisition of Par by TPG Capital.
  • Dunkin’ Brands on its $1.975 billion in credit facilities and high yield bonds for the leveraged recapitalization and the refinancing of its “whole business securitization.”

Publications

  • Video interview, Discussed trends in leveraged finance, including the delayed impact of 2013’s Leveraged Lending Guidance, a pressurized second lien market and market implications for PE firms, The Deal (March 27, 2015)
  • Quoted, “Banks Find No Relief in New Leveraged Lending Guidance,” Law360 (November 12, 2014)
  • Quoted, “Fed’s Leveraged Lending Guidance Dings Traditional Banking,” Law360 (October 28, 2014)
  • Video interview, Discussed banks, leverage limits and covenant-lite financing in light of Leveraged Lending Guidance, The Deal (February 12, 2014)
  • Video interview, Discussed the distinction of PIK toggles at a holding versus operating company level and the effects of quantitative easing on credit markets, deal valuations and private equity, The Deal (February 11, 2014)
  • Webcast panelist, “Deal Financing Uncovered,” The Deal (April 28, 2011)
  • Quoted, “Q&A With Ropes & Gray’s Jay Kim,” Law360 (February 3, 2010)

Presentations

  • Panelist, “Leveraged Finance – Perspectives on Covenant Trends,” Practising Law Institute Leveraged Finance 2018 Conference (May 2018)
  • Panelist, “Direct Lending and Alternative Capital,” Practising Law Institute Leveraged Finance 2017 Conference (May 2017)
  • Panelist, “Developments in Deal Financing Technologies,” Tulane University Law School 27th Annual Corporate Law Institute (March 2015)
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