Eric Leicht | White & Case LLP International Law Firm, Global Law Practice
Eric Leicht
Eric Leicht

Eric Leicht

Partner, New York

T +1 212 819 8796

T +1 212 819 8200

E eleicht@whitecase.com

in LinkedIn profile

“Eric Leicht has impressed commentators with his ‘combination of experience, technical expertise and common sense.’”

Chambers USA 2015

Overview

Eric Leicht is a partner in the New York office of White & Case LLP, and Head of the Firm's Americas Banking section.  He represents major commercial and investment banks, as lead agents and arrangers, in a wide range of leveraged and corporate finance transactions, including domestic and cross-border acquisition finance, investment-grade facilities, asset-based lending facilities, DIP financings and restructurings.

With more than 20 years of experience, Eric is widely recognized by respected legal guides as a leading practitioner in the field of banking and finance based on his significant transactional track record.

Eric's extensive experience and thorough knowledge of his sector has made him a valued legal resource for major domestic and overseas clients. He has worked on a number of landmark and award-winning deals, including the reorganization of the Central European Distribution Corporation (CEDC), that won M&A Advisor's Chapter 11 Reorganization of the Year Award 2014 for projects over US$1 billion, and a US$7.6 billion term loan facility to Univision Communications, Inc., which was — at the time — the largest leveraged term loan facility ever syndicated.

At ease with the most technically demanding of projects, Eric is adept at steering clients through the legal complexities of large-scale, multijurisdictional transactions. As counsel for the agent banks, he is active in all aspects of deal structure, negotiation and documentation, including the negotiation of intercreditor relationships among senior and junior creditors.

Eric's skill and creativity as a legal strategist are major assets for clients who require the effective execution of crucial financing transactions. He combines a deep understanding of his field with a broad sector knowledge, having represented lenders in deals involving borrowers from the manufacturing, hotel, retail, consumer products, energy and media and communications industries.

Bars and Courts

  • New York State Bar

Education

  • JD, University of Virginia School of Law
  • BA, Williams College

Languages

  • English

Experience

Fortis

Representation of Fortis Inc., a leader in the North American electric and gas utility business, in connection with (i) an approximately US$2 billion bridge loan commitment provided by Goldman Sachs Bank USA and (ii) an approximately US$1.7 billion bridge loan commitment provided by The Bank of Nova Scotia. The bridge loan commitments were entered into in connection with Fortis Inc.'s pending acquisition of ITC Holdings, the largest independent electric transmission company in the US.

Anthem

Representation of Anthem, one of the nation's largest health benefits companies, in connection with a US$26.5 billion bridge loan commitment provided by a group of lenders, including Bank of America Merrill Lynch, Credit Suisse and UBS. The bridge loan commitment was entered into in connection with Anthem's pending acquisition of Cigna Corporation.

Avon

Representation of Avon Products, Inc., as Guarantor, and Avon International Operations, Inc., as Borrower, in connection with a US$400 million senior secured revolving credit facility pursuant to a Revolving Credit Agreement with lenders party thereto and Citibank, N.A., as Administrative Agent, Collateral Agent and an L/C Issuer. The purpose of the financing is to replace Avon Products Inc.'s existing US$1 billion Revolving Credit Facility Agreement.

SS&C

Representation of Deutsche Bank, Morgan Stanley and Barclays, as Joint Lead Arrangers, and Bank of America Merrill Lynch, Credit Suisse and Jefferies, as Co-Managers, in connection with US$2.63 billion of senior secured credit facilities provided to certain US and Luxembourg subsidiaries of SS&C Technologies Holdings, Inc. ("SS&C"). The proceeds from the financing were used, in part, to finance SS&C's acquisition of Advent Software, Inc. and to refinance certain existing indebtedness. SS&C is a leading global provider of financial services software and software-enabled services.

TCEH/Ovation

Representation of the TCEH Unsecured Creditors and Ovation in connection with a US$5.5 billion senior secured term loan facility and a $US250.0 million overnight facility to be incurred to finance Ovation's acquisition of reorganized Energy Future Holdings Corp, reorganized Energy Future Intermediate Holding Company and various of their respective subsidiaries pursuant to a plan of reorganization under Chapter 11. The TXU/EFH restructuring arises from the bankruptcy of the largest LBO in US history. Energy Future Holdings Corporation, through its subsidiaries, provides electricity generation and distribution services throughout the State of Texas.

Granite

Representation of Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and Deutsche Bank Securities, Inc., Barclays Bank PLC and BNP Paribas Securities Corp., as joint lead arrangers and joint bookrunners, in the financing of a US$1.25 billion first lien "B" term facility, US$55 million first lien "C" term facility, US$145 million first lien revolving facility, and US$260 million second lien term facility provided to Granite Acquisition Inc. The purpose of the transaction was to fund Energy Capital Partners' acquisition of Wheelabrator Technologies Inc. and certain related entities from Waste Management Holdings, Inc., and to finance the working capital needs and other general corporate purposes of Granite Acquisition, Inc.

CITGO

Representation of Deutsche Bank AG, New York Branch, as administrative agent, collateral agent, swing line lender and an initial L/C Issuer, and Deutsche Bank Securities Inc., as a joint lead arranger, joint bookrunner and co-syndication agent, with respect to the financing of a US$900 million revolving credit facility and a US$650 million term "B" loan facility provided to CITGO Petroleum Corporation. Citgo Petroleum Corporation is a Venezuelan refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products.

Univision

Representation of Deutsche Bank AG, New York Branch, as administrative agent, and Deutsche Bank Securities Inc. and Banc of America Securities LLC as joint lead arrangers and joint bookrunners, with respect to the amendment and restatement of the US$7.6 billion existing senior secured credit facility provided to Univision Communications, Inc. The transaction's purpose was to (i) extend the maturity of approximately US$6.2 billion of its term loan facilities by two-and-a-half years, (ii) extend the maturity of US$408 million of its existing revolving credit commitments by two years and (iii) convert US$137 million of its revolving credit exposure to extended term loans. Univision is the leading Spanish language broadcaster in the United States.

Awards & Recognition

Leading Lawyer, Chambers USA 2015, Chambers Global 2015

Banking & Finance – USA