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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

Stephen Gruberg

Tel:
Work (212) 969-3004
Email:
Proskauer Rose LLP

Work Department

CORPORATE

Position

Stephen Gruberg is a partner in the Corporate Department and a member of the Capital Markets and Leveraged Finance Groups. His principal focus is the representation of underwriters in a variety of public and private capital markets transactions, including Rule 144A high-yield debt offerings. Steve also has extensive experience representing lending institutions in syndicated loan transactions, including in connection with sponsor led leveraged buy outs, strategic acquisitions, recapitalizations, refinancings and for general corporate purposes.


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: 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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