Gary Kashar's practice focuses on corporate finance and general securities and corporate matters.
A diverse list of clients, including investment banks, issuers and investors, look to Gary for help in connection with high yield and investment-grade debt securities offerings, leveraged financing commitments and tender offers and consent solicitations, as well as a broad range of other financing transactions.
Gary's graduate degree in accounting enables him to understand how the legal aspects of a transaction are impacted by a company's operations and financial and tax accounting methods.
As a partner in White & Case's New York Capital Markets section, he has experience with transactions involving a wide variety of industries, including retail, industrial, gaming and lodging, consumer products, telecommunications, energy and oil and gas.
Prior to practicing law, Gary served as an extern to the Honorable Nathan L. Hecht of the Texas Supreme Court.
Gary represented independent power producer Dynegy Inc. in connection with its issuance of US$5.1 billion in aggregate principal amount of high yield notes, a transaction which won International Financing Review’s 2014 North America High Yield Bond of the Year award. Issued in three tranches, the notes were part of Dynegy’s US$6.2 billion debt and equity offerings, to finance its acquisitions of EquiPower Resources Corp. and ownership interests in certain assets from Duke Energy Corp. Also acting as M&A counsel, the Firm additionally represented Dynegy in its concurrent US$722 million SEC-registered common stock offering and its US$388 million SEC-registered public offering of mandatory convertible preferred stock.
Gary represented Jefferies LLC as sole book-running manager in connection with the issuance of US$750.0 million in aggregate principal amount of 6.00% senior notes due 2021 by Salix Pharmaceuticals, Ltd., a specialty pharmaceutical company dedicated to acquiring, developing and commercializing prescription drugs and medical devices used in the treatment of a variety of gastrointestinal disorders. Salix used the proceeds of the offering to finance its acquisition of Santarus, Inc.
Gary represented Roust Trading Ltd., an affiliate of Russian Standard Corporation, in connection with its investment in, and acquisition of, Central European Distribution Corporation, a leading producer of vodka (including Absolwent and Parliament vodkas) and other spirits. This acquisition made Russian Standard the second largest vodka producer in the world, with a diversified spirits portfolio and a broad geographic distribution platform.
Gary represented Morgan Stanley, Bank of America Merrill Lynch and Wells Fargo Securities as joint bookrunners, in connection with United Rentals’ issuance of US$750 million of senior secured notes and an aggregate of US$2,075 million of senior notes. The proceeds of the offerings were used by United Rentals to finance its acquisition of RSC Holdings, Inc.
Gary represented Morgan Stanley and The Bank of Tokyo-Mitsubishi in connection with CF Industries Holdings Inc.’s issuance of an aggregate of US$1.6 billion of senior notes, to finance its US$4.7 billion acquisition of Terra Industries Inc. The offerings consisted of US$800 million of 6.875% senior notes due 2018 and US$800 million of 7.125% senior notes due 2020. The transaction also included US$2.5 billion of senior secured first lien credit facilities, US$1.75 billion of second lien bridge financing and a US$1.15 billion common stock offering. Our work on this transaction led The Financial Times to name White & Case one of the most innovative law firms in the US for financial services, in its inaugural “US Innovative Lawyer 2010” report.