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Sullivan & Cromwell LLP

125 BROAD STREET, NEW YORK 10004, 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

Position

Ari Blaut is a partner in the firm’s Finance and Restructuring Group. Mr. Blaut 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.  Mr. Blaut has particular expertise in leveraged finance, acquisition finance and private credit transactions. For further information on his practice, please visit S&C's website: https://www.sullcrom.com/lawyers/AriB-Blaut. 


Latin America: International firms

Banking and finance

Within: Banking and finance

Sullivan & Cromwell LLP is best known for top-end project finance, bank regulatory matters and financial institutions M&A. The firm has an especially strong standing in mining-sector project finance and has a fine record in complex oil and gas and infrastructure financings. The core Latin America team members operate primarily as transactional generalists who link up with specialist colleagues on issues such as crisis management, corruption investigations and litigation work; this ensures sophisticated specialist expertise in higher risk transactions and in finding solutions to especially challenging situations. In 2017, the practice advised Fiduciaria Bancolombia (as trustee of Fideicomiso Concesión Ruta Al Mar), on its $178m project bond offering to finance the construction and improvement of a toll road that will connect Antioquía and Bolivar, the two major economic centres of Colombia. Led by Ari Blaut, the team also advised AT&T, as guarantor, on an inaugural Mexican-peso facility (a two-year unsecured delayed draw term loan facility) to subsidiaries AT&T Comunicaciones Digitales and AT&T Telecom Holding. Head of the Latin America practice Sergio Galvis is a big name in the region, having the experience and versatility to advise on highly-challenging and transformational transactions. Seasoned figure Christopher Mann is ‘calm’, ‘a person of good will’ who is ‘willing to take a fresh look at the transaction’ where necessary; he has an especially strong record in project finance. Washington DC partner Robert Risoleo is also recommended for project finance, including transactions with a capital markets component. John Estes is a prominent leveraged-finance specialist who has considerable experience in Latin America, while Washington DC partner Dennis Sullivan is noted for structured finance transactions. All partners are based in New York unless stated otherwise.

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United States: Finance

Capital markets: global offerings

Within: Next generation lawyers

Ari Blaut - Sullivan & Cromwell LLP

Within: Capital markets: global offerings

Up there with the best in this area’, Sullivan & Cromwell LLP attracts rave reviews for its ‘responsive and commercial lawyers’ and its arguably ‘unmatched ability to appropriately staff complex and cross-border transactions’. The New York-based practice, which excels in both debt and equity deals, is equally adept at advising managers and issuers, and routinely teams up with colleagues in key hubs in Australia, China, Europe and Japan. Recent global highlights include advising Japan Post Holdings on its ¥1.3tn global stock offering. In another equity headline, the ‘accurate, thoughtful and practicalCatherine Clarkin, together with Mitchell Eitel, advised BNP Paribas on its secondary offering of shares of common stock of First Hawaiian. Global infrastructure head Christopher Mann handled a string of major debt capital markets transactions during 2017, including assisting the underwriters with a $3bn global bond offering by the Federative Republic of Brazil. Other key names are: global co-head Robert Downes (‘a wonderful counsellor’); Robert Buckholz (‘very responsive and knowledgeable’); and very active younger partner Ari Blaut.

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Capital markets: high-yield debt offerings

Within: Next generation lawyers

Ari Blaut - Sullivan & Cromwell LLP

Within: Capital markets: high-yield debt offerings

Among the best in this area’, Sullivan & Cromwell LLP receives strong praise for its ‘strong technical expertise’ and ‘ability to explain complex concepts well’. The practice, which focuses principally on issuer-side representations, acts for several notable repeat corporate issuers in the high-yield market, including Dish Network and United Rentals. Key contact Robert Downes, who co-heads the general practice group, is ‘unflappable and creative’ and advised Standard Industries on its $500m offering of senior high-yield notes. Ari Blaut - ‘an extremely impressive younger partner’ - had a very strong year, which included assisting Andeavor with its $1.6bn offering of high-yield notes to finance its acquisition of Western Refining. In another set of headline deals, Neal McKnight, who co-heads the firm’s finance and restructuring department, and Downes advised United Rentals on three high-yield offerings totaling $2.1bn. John Estes and Scott Miller are also key names in the largely New York-based team.

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Commercial lending

Within: Commercial lending

Sullivan & Cromwell LLP has an excellent track record for borrower work, particularly for corporate clients who take up about 70% of the team’s workload. The practice can regularly be found on some of the largest corporate deals to hit the market. Notably it acted as finance counsel for Gartner in the $3.9bn financing for its acquisition of CEB, a deal which involved several different debt instruments including an $800m bond offering. Another highlight was representing INC Research Holdings in a $3.1bn loan to finance its acquisition of inVentive Health. The firm was also active on the private equity front and represented Ares Management on the $680m financing required for its acquisition of a 70% stake in healthcare company DMG Practice Management Solutions. The highly rated John Estes and S. Neal McKnight jointly lead the team, which also includes the well-regarded Ari Blaut.

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