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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

Frank Lopez

Tel:
Work (212) 969-3492
Email:
Proskauer Rose LLP

Work Department

CORPORATE

Position

Frank Lopez is a partner in the Corporate Department and co-head of the Global Capital Markets Group. He focuses on capital markets transactions, whereby he represents investment banks, sponsors and issuers in public and private debt and equity offerings, often in the context of domestic and cross-border leveraged buyouts, refinancings and restructurings. Frank’s practice includes corporate finance and general securities and corporate matters covering many different industries. Frank has been instrumental in the development of Proskauer’s Capital Markets Group, with a focus on high-yield bonds and IPOs. He has represented underwriters, initial purchasers, dealer managers and placement agents.


United States: Finance

Capital markets: debt offerings

Within: Capital markets: debt offerings

A go-to player for priority transactions’, the team at Proskauer Rose LLPcarefully weighs up business considerations against legal strategy’. Among the names to note, department co-head Frank Lopezknows how to push the counterparty without overstepping the mark’; he and Stephen Gruberg advised Celgene on its $8bn offering of five tranches of unsecured senior notes. The same team also acted for the underwriters, including Citigroup, JP Morgan and Bank of America Merrill Lynch, in PulteGroup’s offering of $1bn of senior notes. Other clients include Ares Capital, Imperial Capital and Light Tower Rentals. Los Angeles-based Monica Shilling and department co-head Julie Allen are also recommended. All individuals are based in New York, unless otherwise stated.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

The ‘highly client-focused’ group at Proskauer Rose LLP has a ‘deep and practical knowledge base’ and is ‘very easy to work with’. Lawyers are singled out for their ‘timely and thoughtful responses’, with New York-based capital markets co-head Frank Lopez singled out as ‘very fluent in the current technology of IPOs’. Lopez recently advised the underwriters on two secondary offerings made by WCI Communities worth a combined $160m. New York-based Julie Allen jointly heads the team and acted for NovoCure in its $150m IPO. Also in New York, Stuart Bressmanquickly understands issues and how to resolve them’; he advised JP Morgan Securities and Citigroup as joint book-running managers on Novavax’s $200m share offering. On the West Coast, Los Angeles-based Philippa Bond is an ‘up-and-coming star’, who acted for Ares Management in its $310m offering.

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Capital markets: global offerings

Within: Capital markets: global offerings

Proskauer Rose LLP’s well-balanced global offerings practice handles a mix of debt and equity capital markets work both for issuers and underwriters. The firm, which is praised for having a ‘a strong and very responsive execution team’, is growing its practices in key jurisdictions such as Hong Kong and São Paulo and is also doing an increasing amount of high-yield work. Recent highlights include advising JP Morgan Securities and Bank of America Merrill Lynch on Pulte Group’s $1bn high-yield offering. On the issuer side, the firm acted for Pacific Exploration & Production in a $4bn debt-for-equity swap, as well as the $500m issue of 12% debtor-in-possession first-priority secured notes. In New York, the practice co-heads Frank Lopez and Julie Allen, are recommended alongside Justin Breen and Maximilian Kirchner for their ‘very thorough knowledge in technically complex situations’.

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Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Proskauer Rose LLP’s long-term focus on ramping up in the high-yield space has seen it improve its profile among underwriters and it now acts for an impressive selection of bulge bracket, middle-market and boutique investment banks, as well as corporate issuers and private equity sponsors. The lawyers are ‘excellent to work with’ and have ‘good market knowledge on current terms and structures’. Most notably, group co-head Frank Lopez is an ‘excellent resource’ due to his ‘great deal knowledge’. Lopez and Stephen Gruberg recently advised the banks, including JP Morgan Securities, Bank of America Merrill Lynch, Citigroup Capital Markets and Wells Fargo Securities, on PulteGroup’s $1bn high-yield offering of senior notes. Julie Allen jointly leads the New York-based group, which also includes Maximilian Kirchner and ‘great lawyerJustin Breen.

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