Ron Brody is a nationally recognized leading high yield securities lawyer, and is co-head of the Firm's leveraged finance practice. He and his team of high yield partners have a broad base of experience across all industry areas and have appeared consistently on the Thomson league tables for underwriter representations for over 15 years.
Ron's practice covers a wide range of corporate financing matters, with a particular focus on the representation of investment banks in high yield securities transactions. He is involved in all aspects of deal structuring, negotiation and documentation. He has extensive experience in private equity transactions, mergers and acquisitions, refinancings and recapitalizations, and his clients include leading investment banks as well as both public and private companies.
Ron has advised on many prominent domestic and international financings, including transactions such as the Knight Capital rescue financing, Fortescue Metals Group's expansion financing and refinancing, Jefferies Finance LLC's bond offerings, and Coinmach Corporation's material acquisitions and related refinancings.
JAC Holding Corporation, 2014
Representation of Jefferies LLC in connection with the issuance by JAC Holding Corporation, the leading North American designer and manufacturer of roof rack systems for light vehicles, of US$150 million in aggregate principal amount of its 11.500% senior secured notes due 2019. The company used the proceeds to repay all outstanding loans under its existing credit facilities, to pay a special distribution to the stockholders of its direct parent company, to pay a special bonus to certain members of its management team and to pay transaction-related costs and expenses.
Third Point Hellenic Recovery, 2014
Representation of Third Point Hellenic Recovery (Lux) S.a r.l. as lender, in a loan agreement with Energean International Limited as borrower and Energean E & P Holdings Limited as Guarantor. The proceeds were on-lent according to a back to back loan structure to Energean Oil & Gas SA as final borrower, for the acquisition of an oil rig and long lead materials, as well as the refinancing of its existing debt. We represented the initial lender ( (Lux) S.a r.l.).
NUVOtv's $240 Million Senior Secured Notes Offering, 2014)
Representation of Jefferies LLC in connection with the issuance by SiTV, LLC, a pioneer in Hispanic televisual media, and SiTV Finance, Inc., of US$240 million in aggregate principal amount of their 10.375% Senior Secured Notes due 2019. The company used the proceeds of the offering, together with a cash advance from one of its distributors, to finance the cash consideration portion of the purchase price for the acquisition of Fuse Holdings LLC, to repay and terminate its existing indebtedness, to pay transaction fees and expenses and for general corporate purposes and working capital.
Kissner Milling Company Limited US$220 Million Senior Secured Notes Issuance, 2014
Representation of Jefferies LLC and Credit Suisse Securities (USA) LLC, as Joint Bookrunners and Initial Purchasers, and BMO Capital Markets Corp. and Scotia Capital (USA) Inc., as co-managers and initial purchasers, in connection with the offering and sale by Kissner Milling Company Limited, a leading producer and distributor of bulk rock salt, and a leading producer and distributor of specialty packaged deicing products, of US$220 million in aggregate principal amount of 7.250% senior secured Notes due 2019. The net proceeds from the offering were used to refinance certain of Kissner's existing indebtedness, to make certain restricted payments and for general corporate purposes.
US$300 million in aggregate principal amount of the Issuers' 9.625% First Preferred Ship Mortgage Notes, 2013
Representation of Jefferies LLC and other initial purchasers in connection with the offering and sale of US$300 million in aggregate Principal amount of 9.625% First Preferred Ship Mortgage Notes due 2022 by Eletson Holdings Inc., an international seaborne shipping company of refined petroleum products, liquefied petroleum gas and ammonia, and Eletson Finance (US) LLC, a wholly owned subsidiary of the Company created for the sole purpose of being a co-issuer of the Notes. The Notes are guaranteed by the Company's existing and future restricted subsidiaries that own, or will own, product tanker vessels included in the collateral securing the notes.
Salix Pharmaceuticals, Ltd. US$750.0 Million Note Issuance, 2013
Representation of Jefferies LLC as sole book running manager and Fifth Third Securities, Inc., Natixis Securities Americas LLC, PNC Capital Markets LLC, RBS Securities Inc., SMBC Nikko Securities America, Inc. and SunTrust Robinson Humphrey, Inc., as co managers, 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. The proceeds were placed in escrow pending the satisfaction of certain conditions, including the consummation of Salix's acquisition of Santarus, Inc., a specialty biopharmaceutical company. Upon satisfaction of the merger consummation conditions, the proceeds were released and used to pay a portion of the acquisition consideration, and to pay related fees and expenses.
Leading Lawyer, Chambers USA 2014, Global 2014
Capital Markets: Debt & Equity - USA