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Cahill Gordon & Reindel LLP

80 PINE STREET, NEW YORK, NY 10005, USA
Tel:
Work +1 212 701 3000
Email:
Web:
www.cahill.com
London, New York, Washington DC

William Hartnett

Tel:
Work 212.701.3847
Email:
Cahill Gordon & Reindel LLP

Position

William M. Hartnett is chairman of the Executive Committee and has been a partner at Cahill Gordon & Reindel LLP since 1987. Mr. Hartnett advises leading commercial and investment banking firms and public and private companies in a broad range of domestic and cross-border capital markets and lending transactions, including leveraged bank financings, out-of-court restructurings, mergers, acquisitions and debt and equity-linked securities offerings. Serves as outside corporate counsel to a number of public and private companies and has extensive experience representing special committees of the boards of directors of public companies in connection with strategic transactions and related compliance matters.

Education

Rider University, B.A., 1976, cum laude
Fordham University School of Law, J.D., 1979, cum laude


United States: Finance

Capital markets: debt

Within: Capital markets: debt

Underwriter-side specialist Cahill Gordon & Reindel LLP has steadily expanded its debt capital markets capabilities. Although it is best known for its top-tier high-yield debt capability, the firm’s ‘excellent relationships with investment banks’ and ‘very prominent lawyers’ have developed into a broad standalone investment grade debt practice. Of particular note, the firm advised the underwriters on Comcast’s twelve-tranche public offering of $27bn in new debt financing to fund its acquisition of Sky; the deal, which represented the fourth-largest bond sale to date, was led by William Hartnett. In another highlight, a team led by Timothy Howell, John Tripodoro and Corey Wright advised the underwriters on a $2.5bn notes offering by Charter Communications Operating LLC and Charter Communications Operating Capital. Other senior names in the New York-based group include James Clark, Jonathan Schaffzin and Daniel Zubkoff.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

Although the firm is perhaps more widely recognized for its market-leading high-yield debt capability, Cahill Gordon & Reindel LLP’s equity practice has consistently ranked in or around the top ten most active groups nationally for manager-side offerings by deal count over recent years. Of late, William Hartnett advised the underwriters on PlayAGS’ $164m IPO, and also advised the underwriters on two secondary offerings of PlayAGS’ common stock totaling $285.5m Other key clients include Morgan Stanley, which Jonathan Schaffzin advised on a $543.5m secondary offering of Norwegian Cruise Line shares, and Citigroup Global Markets, which Hartnett, Schaffzin and William Miller advised on Keane Investor Holdings’ $279.5m secondary offering of shares in Keane Group.

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Capital markets: high-yield debt offerings

Within: Leading lawyers

William Hartnett - Cahill Gordon & Reindel LLP

Within: Capital markets: high-yield debt offerings

‘In a league of its own’, high-yield debt heavyweight Cahill Gordon & Reindel LLP is widely acclaimed as ‘the indisputable leader in underwriter-side representations’. The New York-based group, which is admired by peers for its ‘excellent relationships with all the major banks’, ranked top in 2018 for manager-side mandates in the high-yield debt space by both deal value and deal count. Among its highlights, William Hartnett advised the initial purchasers on a string of offerings by Valeant Pharmaceuticals totaling $4.7bn, while Jonathan Schaffzin paired up with William Miller to act for the underwriters on three offerings by Equinix worth a combined €2.7bn. The firm is also widely recognized for its ‘dominant position in the LBO market’. In a recent headline on that front, the firm advised the initial purchasers and lead arrangers on over $13bn in financings to back Blackstone Group’s acquisition of a 55% stake in Refinitiv, which was one of the largest non-investment grade leveraged buyouts completed since the financial crisis — James Clark, Daniel Zubkoff and Corey Wright led that transaction. Other highly regarded senior specialists are Douglas Horowitz and John Tripodoro. The group also includes up-and-coming names Marc Lashbrook and Joshua Zelig and rising star Meghan McDermott.

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Commercial lending

Within: Commercial lending

Cahill Gordon & Reindel LLP has a dominant market position in the lending space, where it is regularly listed at the top of the league tables for deal value and volume. In 2017, the firm advised on 306 deals with an aggregate value of over $379bn, $360bn of which were in the leveraged lending space. The practice is led out of New York by the highly experienced partners Jonathan Schaffzin and Daniel Zubkoff, and boasts a selection of top-notch advisers, including James Clark, William Hartnett, Jennifer Ezring, Adam Dworkin, Douglas Horowitz, and Corey Wright. Of late, the firm advised JPMorgan Chase Bank and UBS on the $2.9bn debt financing for the concurrent acquisitions and subsequent merger of Ply Gem Industries and Atrium Windows and Doors, by private equity funds, Clayton Dubilier & Rice and Golden Gate Capital. The firm also has experience advising alternative lenders such as Jefferies Finance, Antares Capital, and KKR Capital Markets, which were among the lead arrangers on a $1.9bn loan to help finance Expres Oil Change & Tire Engineers' acquisition of Mavis Tire Express Services Corp.

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United States: M&A/corporate and commercial

M&A: middle-market (sub-$500m)

Within: M&A: middle-market (sub-$500m)

Cahill Gordon & Reindel LLP is widely respected for its advice to US and international buyers, sellers, financing sources and investors on middle-market M&A and other strategic transactions; the firm also assists with M&A-related financings, including leveraged loans and high-yield debt across a variety of industries, and regularly utilizes attorneys from its antitrust, environmental, executive compensation and employee benefits, IP, real estate and tax practices. High-profile clients include 1-800-Flowers, Arch Capital Group and Trans World Entertainment. Kimberly Petillo-DĂ©cossard led advice to publicly traded Canadian company Tembec, its board and its special committee in Tembec’s sale to Rayonier Advanced Materials, a publicly traded US company. Other representative work included advising 1-800-Flowers on the sale of Fannie May Confections Brands to Ferrero International; and assisting The Empire District Electric Company with its sale to a US subsidiary of Algonquin Power & Utilities. The team has also acted for a high-profile, global asset manager in the acquisition of a majority stake in an asset management company in Brazil and it advises Ireland's ICON, a global provider of drug development solutions and services, as general outside counsel. Chair of the firm William Hartnett acts for public and private companies and commercial and investment banking firms in a broad range of domestic and cross-border M&A; and Helene Banks has extensive experience practicing in the food, beverage, entertainment, media, healthcare and insurance industries. Other highly rated partners include John Schuster, Susanna Suh, Michael Sherman and John Papachristos; Ross Sturman is a key senior associate. All named advisers are based in New York.

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