Michael Byrd is a capital markets associate in White & Case's London office. He has experience representing issuers and investment banks in a range of cross-border transactions, including Rule 144A, Regulation S and 4(a)(2) debt offerings, venture capital investments and other public and private financings. In 2017, Michael was based in White & Case's Frankfurt office.
Represented Ukraine as issuer in connection with the private placement of US$725 million zero coupon notes due 2019 and the Reg S/144A offering of US$750 million 8.994% notes due 2024 and US$1.25 billion 9.750% notes due 2028.
Represented Rossini S.à r.l. as issuer in connection with its issuance of €650 million senior secured floating rate notes due 2025 and €650 million 6.750% senior secured fixed rate notes due 2025 to finance the acquisition of FIMEI S.p.A, majority shareholder of Recordati S.p.A, by CVC and other private equity investors.
Advised placement agents, including Guggenheim Securities and Oddo BHF, and issuers in private investment in public equity (PIPE) transactions for European technology companies, including:
- the offering of 1,920,772 of its existing shares for PLN 174.8 by Polish biotechnology company Mabion S.A.; and
- the offering of €14.4 million ordinary shares by French biotechnology company Transgene S.A.
Groupe MCS, 2018
Represented global coordinators Credit Suisse and Société Générale and joint bookrunner KKR in connection with the issuance of €120 million senior secured floating rate notes due 2024 by Louvre Bidco SAS to finance the acquisition of DSO SAS by Groupe MCS.
Represented global coordinators J.P. Morgan, HSBC and Barclays and the joint bookrunners in connection with global fertilizer producer OCI's debut Reg S/144A offering of US$650 million 6.625% senior secured notes due 2023 and €400 million 5.000% senior secured notes due 2023.
Pure Gym, 2018
Represented global coordinators Barclays and Jefferies and the joint bookrunners in connection with the Reg S/144A offering of £360 million 6.375% senior secured notes due 2025 by Pinnacle Bidco plc to facilitate the acquisition of UK fitness chain Pure Gym by private equity investor Leonard Green.
DEMIRE Deutsche Mittelstand Real Estate, 2017
Represented global coordinators Deutsche Bank and Morgan Stanley and the joint bookrunners in connection with the Reg S/144A offering of €270 million 2.875% senior notes due 2022 by German real estate and property management company DEMIRE Deutsche Mittelstand Real Estate AG.
Advised international container shipping company Hapag-Lloyd in connection with multiple transactions to facilitate its acquisition of United Arab Shipping Company, including:
- the issuance of 11,717,353 new registered shares against a contribution-in-cash of approximately €352 million;
- the listing of 42,749,568 newly-issued shares against a contribution-in-kind;
- the Reg S/144A offering of €450 million 5.125% senior notes due 2024; and
- the Reg S/144A offering of €250 million senior notes and the tap offering of €200 million senior notes.
Represented global coordinators Deutsche Bank, JP Morgan, BNP Paribas and Crédit Agricole and the joint bookrunners in connection with the Reg S/144A offering of €400 million 3.875% senior secured notes due 2022 by German wind turbine manufacturer Senvion.
APCOA Parking Group, 2017
Advised a bank syndicate led by Barclays on the €435 million refinancing of parking management company APCOA's existing borrowing facilities.