The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Sullivan & Cromwell LLP

125 BROAD STREET, NEW YORK 10004-2498, USA
Tel:
Work +1 212 558 4000
Fax:
Fax +1 212 558 3588
Email:
Web:
www.sullcrom.com

Ari B. Blaut

Tel:
Work +1-212-558-1656
Email:
Sullivan & Cromwell LLP

Work Department

General Practice

Position

Partner

Career

Partner in the Firm’s Finance and Restructuring Group. Maintains a broad corporate practice advising clients on a wide range of financing transactions, including bank financings, high yield bond issuances, “PIPE” transactions, debt restructurings, liability management and creditor representations. Has particular expertise in leveraged finance, acquisition finance and private credit transactions.

Member

Member of the New York City Bar Association Committee on Commercial Law and Uniform State Laws

Education

George Washington University Law School (JD, 2007); Washington University in St. Louis, (B.A., 2004)


United States: Finance

Capital markets: global offerings

Within: Next generation lawyers

Ari Blaut - Sullivan & Cromwell LLP

Within: Capital markets: global offerings

Sullivan & Cromwell LLP’s highly rated US practice, which has experienced partners in New York and Palo Alto, benefits greatly from close cooperation with colleagues in key centres such as London, Hong Kong, Beijing, Tokyo and Sydney. The firm’s global outlook is reflected in the fact that New York-based Robert Downes jointly heads the team with Carsten Berrar in Frankfurt. Most of the group’s largest mandates, be they debt or equity, or for issuer or underwriter, involve partners working across several offices. Recent examples include advising Anheuser-Busch on its $46bn bond offering, the second-largest corporate bond sale on record, and acting for Ferrari during its €500m debut bond offering on the Irish Stock Exchange. The firm also advised Japan Post on its $12bn triple IPO of shares in Japan Post Holdings, Japan Post Bank and Japan Post Insurance on the Tokyo Stock Exchange, which involved partners in Tokyo and New York. On the underwriter side, the team advised Bank of America Merrill Lynch and Goldman Sachs, among others, on Visa’s debut $16bn SEC-registered offering of notes. Ari Blaut is recommended as an up-and-coming partner.

[back to top]

Commercial lending

Within: Commercial lending

Sullivan & Cromwell LLP’s highly focused team has a good reputation for high-end borrower work for major public corporations such as Bayer, which it represented on its $57bn bridge loan to finance its acquisition of Monsanto; this was the third-largest acquisition bridge financing to date and the largest-ever acquisition of an American company by a foreign buyer. Another major highlight was advising AT&T on its $40bn bridge loan to finance its $85bn acquisition of Time Warner. The team, which is led by Robert Downes, John Estes and S Neal McKnight, has a very broad skillset and is equally comfortable in the high-yield space as it is for acquisition finance. This was demonstrated in its advice to Concordia, which used a combination of a $520m equity raising and a debt financing, including a $790m high-yield bond and a $1.87bn senior secured term loan to finance its acquisition of Amdipharm Mercury. Other highly rated partners include Ari Blaut and Erik Lindauer.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to