David Bilkis has been named as a Leading Lawyer in Banking and Finance by Chambers USA 2004-2019.
David represents major commercial banks and investment banks as lead arranger and agent in a variety of lending transactions, with an emphasis on acquisition and leveraged financing deals. He is recognized as a leading practitioner in the banking and finance field.
As lead counsel for the agent/arranger and lenders, David is involved in all aspects of the structuring, negotiation and documentation of transactions, with an ability to unravel complexity for his clients.
Because of the cross-border nature of such deals, David has considerable experience in working as part of an international network of the Firm's lawyers. Working with well-coordinated and responsive global teams is often essential in complex, time-sensitive transactions, and many clients benefit from his considerable skill in trans-continental partnership.
David has advised agents/arrangers and lenders in financing transactions involving borrowers across a wide variety of industries, including manufacturing, shipping, gaming, hotel, healthcare and media and communications. He also has considerable experience representing borrowers in lending transactions.
Overseas Shipholding Group, Inc., 2014
Representation of Jefferies Finance LLC, Barclays Bank PLC and UBS Securities LLC, as Joint Lead Arrangers and Joint Book Running Managers, with respect to $1.381 billion of senior secured exit financing for Overseas Shipholding Group, Inc. and certain of its subsidiaries. The exit financing consisted of a US$75.0 million domestic ABL facility, a US$603.0 million domestic Term Loan facility, a US$628.375 international Term Loan facility and a US$75.0 million international Revolving Credit facility.
Salix Pharmaceuticals, 2014
Representation of Jefferies Finance LLC as joint lead arranger, administrative agent and collateral agent in connection with the financing of the acquisition of Santarus, Inc., a specialty biopharmaceutical company focused on acquiring, developing and commercializing proprietary products that address the needs of patients treated by physician specialists by Salix Pharmaceuticals, Ltd., a specialty pharmaceutical company that offers innovative gastrointestinal treatments. The financing consisted of a US$1.2 billion senior secured term loan facility and a US$150 million senior secured revolving credit facility.
KCG Holdings, Inc., 2013
Representation of Jefferies Finance LLC, as Administrative Agent, Collateral Agent, Joint Lead Arranger and Joint Book Manager, with respect to the financing of a US$535 million term loan facility provided to KCG Holdings, Inc., a global independent securities firm engaged in market making, high-frequency electronic trading and other financial services. The purpose of the financing was to provide consideration for the merger of Knight Capital Group, Inc. and GETCO Holding Company, LLC, as part of KCG Holdings, Inc., a new public holding company.
BI-LO, LLC., 2012
Representation of Citibank N.A., as syndication agent, Citigroup Global Markets Inc., as joint lead arranger and joint book runner, Deutsche Bank Trust Company Americas, as administrative agent, and Deutsche Bank Securities Inc., as joint lead arranger and joint bookrunner, with respect to a US$700 million asset based senior secured financing provided to BI-LO, LLC, a privately-held, regional supermarket retailer based in Greenville, South Carolina, in connection with its acquisition of Winn-Dixie Stores Inc. The purpose of the financing was to finance the acquisition, provide working capital and to refinance existing indebtedness.
Calpine's new US$835 million term loan, 2012
Representation of Calpine Corporation in obtaining a new US$835 million senior secured term loan. The proceeds of the senior secured term loan were used to redeem certain of Calpine's outstanding corporate-level senior secured notes, and to retire a project-level term loan facility. Morgan Stanley, Barclays, Deutsche Bank and Royal Bank of Canada acted as lead arrangers on the transaction.
Jefferies' Klöckner Pentaplast recapitalization, 2012
David worked as part of an international White & Case team that advised Jefferies Finance LC and its affiliates in connection with a recapitalization of Klöckner Pentaplast, one of the world's largest suppliers of plastic films. This included the provision of approximately €630 million of new debt facilities provided by Jefferies to fund the prepayment of existing senior facilities of Klöckner Pentaplast as part of the recapitalization.
Deutsche Bank Securities Inc. and Bank of America Securities LLC, 2012
Representation of Deutsche Bank Securities Inc. and Bank of America Securities LLC, as Joint Lead Arrangers and Joint Book Runners, in connection with US$1.5 billion in senior secured bank facilities to finance the acquisition by Bain Capital Partners, LLC of Outback Steakhouse.
Jefferies Finance LLC, GE Capital Markets, Inc., 2011
Representation of Jefferies Finance LLC, GE Capital Markets, Inc., Credit Suisse Securities (USA) LLC and Goldman Sachs Bank USA, as Joint Lead Arrangers and Joint Book Runners, in a US$2.1 billion senior secured bank financing for Alere Inc.
Various Banks and Finance Institutions, 2011
Representation of Deutsche Bank Securities Inc., Merrill Lynch, Pierce Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Wells Fargo Securities LLC, as Joint Lead Arrangers and Joint Book Managers, in a US$1.7 billion senior secured bank financing for Silgan Holdings Inc.
Deutsche Bank Securities Inc. and J.P. Morgan Securities, 2011
Representation of Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as Joint Lead Arrangers and Joint Book Runners, in a US$250 million asset-based revolving credit facility for Coffeyville Resources, LLC.
Leading Individual, Banking and Finance, Chambers USA 2004-2019