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Proskauer Rose LLP

11 TIMES SQUARE, NEW YORK, NEW YORK 10036-8299, USA
Tel:
Work +1 212 969 3000
Fax:
Fax +1 212 969 2900
Email:
Web:
www.proskauer.com

Justin Breen

Tel:
Work (212) 969-3055
Email:
Proskauer Rose LLP

Work Department

CORPORATE

Position

Justin Breen is a partner in the Corporate Department and head of  the Leveraged Finance Group. He focuses on the representation of leading banking firms, private equity sponsors and corporations in public and private capital markets transactions and leveraged bank financings. Justin works on both the bank and high yield bond sides of acquisition financings, as well as initial public and follow-on equity offerings. He has represented various leading underwriters, initial purchasers, agents, lenders and dealer managers. Justin’s experience extends across a variety of industries, including energy, retail, media, communications, gaming, pharmaceuticals, and others.


United States: Finance

Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Proskauer Rose LLP continues to make inroads into the high-yield debt market, particularly on the underwriter side, where it has significantly increased its profile among the major bulge-bracket banks over recent years. Among its headline manager-side mandates, global capital markets co-head Frank Lopez and Stephen Gruberg advised the underwriters (including JP Morgan, Bank of America Merrill Lynch, Citigroup and Wells Fargo) on PulteGroup’s $1bn offering of senior notes. Lopez and leveraged finance lead Justin Breen assisted Jefferies and Deutsche Bank with Airxcel’s $310m offering of senior secured notes. Recent issuer highlights include Lopez and Maximilian Kirchner, who splits his time between New York and London, advising Grifols on its €1bn senior notes offering and Julie Allen assisting Icahn Enterprises with its $1.1bn bond offering. Los Angeles-based global capital markets co-head Philippa Bond is also a key contact. Named lawyers are based in New York, unless otherwise stated.

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Commercial lending

Within: Commercial lending

The ’knowledgeable, flexible and resilient’ team provides a ‘second-to-none’ service at Proskauer Rose LLP, helping make it one of the ‘premier firms in the leveraged finance space’. An area where the firm really stands out is in its advice to alternative lenders, where it was something of a pioneer for mid-market financings. The firm has strong relationships with an impressive range of direct lenders, such as Ares Capital, which it helped on over $5bn worth of financings over the past year, including a $713m loan linked to the takeover of Ministry Brands by Insight Venture Management. Other key lender clients include Jefferies Finance, Bain Capital Credit, and GIC Private Limited. The firm also had a strong year on the borrower front, a highlight of which was advising Grifols on its $6.3bn financing, part of which was used to acquire the blood donor screening unit from Hologic. The firm also advised healthcare product manufacturer Henry Schein on $2bn worth of facilities and the acquisition financing for its takeover of Southern Anesthesia & Surgical. Ron Franklin and Steve Boyko jointly lead the team, which includes highly rated private credit expert Steve Ellis, Andrew Bettwy and Justin Breen. The New York office was also boosted by the arrival of Christopher Bell from Simpson Thacher & Bartlett LLP.

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