Joseph Kalis is an associate in the New York office and a member of the firm's Capital Markets group. His experience is focused on both debt and equity securities transactions and general corporate representations.
Joseph has represented issuers and underwriters in debt and equity securities transactions, including private placements and registered offerings and 144A and Regulation S offerings.
Prior to joining White & Case, Joseph trained at top New York, Toronto and Dubai-based law firms.
Representation of Saudi Aramco on the establishment of its Rule 144A/Regulation S Global Medium Term Notes program and issuance of US$12 billion notes thereunder. The transaction was Saudi Aramco's debut international capital markets issuance and comprised five tranches: US $1 billion 2.750% notes due 2022; US$2 billion 2.875% notes due 2024; US$3 billion 3.500% due 2029; US$3 billion 4.250% notes due 2039; and US$3 billion 4.375% notes due 2049. The notes were listed on the London Stock Exchange.
Representation of Saudi Refining Inc. (SRI), a wholly owned subsidiary of Saudi Arabian Oil Company (Saudi Aramco), in the discontinuation of Motiva Enterprises LLC and the division of Motiva's assets, liabilities and businesses between SRI and affiliates of its joint venture partner, Royal Dutch Shell PLC.
Advising United Arab Shipping Company (UASC) and its majority shareholders Qatar Holding LLC and the Public Investment Fund of Saudi Arabia on its business combination with Hapag-Lloyd AG. The combined company ranks among the world's five largest container shipping lines, with an enterprise value of US$12 billion.
Representation of Guggenheim Securities LLC, Citigroup Global Markets Inc., Wells Fargo Securities, LLC and Rabo Securities USA, Inc. in the follow-on issuance and sale under a whole business securitization by Wendy’s Funding, LLC, a special purpose vehicle subsidiary of The Wendy’s Company, of US$925 million fixed-rate senior secured notes.
Representation of Barings CLO Ltd. 2015-I, Barings CLO 2015-I, LLC and J.P. Morgan Securities LLC, acting as placement agent, on the refinancing of US$517 million outstanding notes.
Representation of Morgan Stanley Senior Funding, Inc. as administrative agent, sole lead arranger and sole bookrunner on a US$145 million senior secured exit financing facility for Homer City Generation, LP.