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Cleary Gottlieb Steen & Hamilton

ONE LIBERTY PLAZA, NEW YORK, NY 10006, USA
Tel:
Work +1 212 225 2000
Fax:
Fax +1 212 225 3999
Email:
Web:
www.cgsh.com
Abu Dhabi, Beijing, Brussels, Buenos Aires, Cologne, Frankfurt and 10 more

David Lopez

Tel:
Work 1 212 225 2632
Email:
Cleary Gottlieb Steen & Hamilton

Position

David C. Lopez represents a broad range of corporate clients including in the retail, healthcare, insurance and technology sectors.  He has a broad corporate advisory practice including governance, SEC disclosure and compliance, capital markets issuance and structuring, securities law, corporate finance transactions, buybacks and insider trading advice.  He represents issuers and investment banks in capital markets transactions involving initial public offerings, public and private debt, convertible, investment grade and high yield debt, equity financings, structured securities and equity derivatives.  His practiec maintains a specialty in liability management, including issuer tender offers, public and private exchanges offers related to corporate restructurings, acquisitions, and consent solicitations. 

Career

Joined firm, 1989; became partner, 1998. JD, University of Chicago (1989); AB, cum laude, Cornell University (1986).

Member

Mr. Lopez is a member of the Bar in New York.


United States: Finance

Capital markets: debt

Within: Leading lawyers

David Lopez - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: debt

Well known for company and underwriter-side deals, Cleary Gottlieb Steen & Hamilton is a popular choice for first-time issuers through to veteran bulge bracket banks. The practice is recognized for its strength in cross-border work, including sovereign bond transactions, but its broad sector focus and deep regulatory experience secures it headline mandates across a wide range of industry segments. On the issuer side, Craig Brod recently advised Honeywell on a $1.2bn notes offering as part of its debt refinancing. Sung Kang, who has an impressive record in cross-border transactions, advised General Mills on several offerings to support its $8bn acquisition of Blue Buffalo, including debt offerings worth $6.5bn. Among its bank-side mandates, Jeffrey Karpf acted for a syndicate of underwriters, led by Citigroup Global Markets, on a series of notes offerings for Citi totaling $17bn. Elsewhere, David Lopez and Pamela Marcogliese advised the underwriters, led by Citigroup, on Allison Transmission’s $400m offering of senior notes. Other key contacts in the New York-based team include group co-lead Adam Fleisher and Nicolas Grabar, who brings to bear strong experience in Latin America-facing matters.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

‘Among the leading firms worldwide for capital markets’, Cleary Gottlieb Steen & Hamilton is commended for its ‘comfort with regulatory issues and anticipation of problems, which brings tremendous efficiency to complicated deals’. The New York-based team, which ‘goes above and beyond expectations to drive process and execute according to plan’, brings to bear strong expertise in private equity-related transactions and complex cross-border matters. Among the names to note, Jeffrey Karpf is ‘very strong in the equity space’; he advised Cushman & Wakefield (and its principal shareholders TPG, PAG Asia Capital and Ontario Teachers’ Pension Plan Board) on its $831m IPO. In another issuer-side highlight, Adam Fleisher (noted for his ‘unrivalled client service attitude and commercial practicality’) and Sandra Flow advised GrafTech International, and its majority stockholder, on its $525m IPO and its subsequent $460m secondary follow-on offering. On the manager front, Karpf paired up with Michael Dayan to act as product counsel to the underwriters on a $852m stock offering by Alexandria Real Estate Equities; the team also advised the forward purchasers on the transaction. Other key contacts include David Lopez and Sung Kang. Seasoned specialists Alan Beller and Leslie Silverman left the partnership for senior counsel roles.

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Capital markets: global offerings

Within: Leading lawyers

David Lopez - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: global offerings

Cleary Gottlieb Steen & Hamilton, widely admired as ‘an elite firm globally for capital markets’, scores highly for its ‘extremely well-rounded practice’, which demonstrates ‘great experience in advising both issuers and managers’. The team shows equal dexterity in its ability to handle both debt and equity work and it routinely advises on the full scope of offerings, from corporate IPOs through to sovereign bond issuances. Other key attributes, as outlined by sources, include the group’s ‘peerless Latin America capital markets practice’ as well as its ‘strong presence in Europe and Asia’. Among the names to note, ‘very strong’ Jeffrey Karpf advised Cushman & Wakefield and its principal shareholders on its $831m IPO. David Lopez is also highly regarded for global offerings and advised the initial purchasers on $4.5bn worth of concurrent high-yield notes offerings, which included two euro-denominated offerings worth €1.6bn, by finance subsidiaries of Teva Pharmaceutical Industries. Cross-border specialist Jorge Juantorena, who brings to bear an enviable record in Latin American deals, advised the Mexican Ministry of Communications and Transportation, and its subsidiaries Grupo Aeroportuario de la Ciudad de Mexico and Aeropuerto Internacional de la Ciudad de Mexico, on a $1.5bn offering of trust certificates. The New York-based team also includes Adam Fleisher, Nicolas Grabar and Pamela Marcogliese.

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Capital markets: high-yield debt offerings

Within: Leading lawyers

David Lopez - Cleary Gottlieb Steen & Hamilton

Within: Capital markets: high-yield debt offerings

Cleary Gottlieb Steen & Hamilton’s New York-based practice is characterized by its ‘great commercial sense’, ‘strong negotiation skills’ and ‘solution-oriented service’. The group, which is a popular choice for both issuers and managers, is also widely recognized for its expertise in global, particularly Latin America-related, deals. Among its recent issuer representations, Sung Kang advised Western Digital on its $2.3bn senior notes offering. Kang also paired up with Craig Brod to advise Alcoa on a $500m notes offering. On the manager side, David Lopez advised the initial purchasers on concurrent high-yield notes offerings by finance subsidiaries of Teva Pharmaceutical Industries, worth $1.2bn and €700m, respectively, and listed on the Global Exchange Market of the Irish Stock Exchange. In another notable cross-border deal, Duane McLaughlin advised the initial purchasers on a €650m high-yield global debt offering by Mexico cement giant CEMEX. Other recommended names include Jeffrey Karpf, who advised the underwriters on JELD-WEN’s $800m high-yield dual tranche notes offering; Latin America specialist Jorge Juantorena; and experienced counsel David Webb.

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Structured finance: derivatives and structured products

Within: Structured finance: derivatives and structured products

Cleary Gottlieb Steen & Hamilton advises a number of industry associations on cleared derivative regulations, and has 'unparalleled expertise in agency transactions', where it has been especially active in equity deals such as forward hedging and accelerated share repurchase transactions. In one standout matter, Michael Dayan acted for Advance/Newhouse Partnership as counterparty to a collar plus revolving loan transaction, which was secured by six million exchangeable partnership units in Charter Communications Holding. Additionally, Dayan and David Lopez advised Credit Suisse International (CSI) on a variable forward transaction with De Agostini, and advised Credit Suisse Securities, as underwriter, on a related equity offering to establish CSI's hedge position in relation to the forward transaction. Another key figure is Colin Lloyd, who has expertise in crypto trading, and recently assisted Paxos Trust Company with the development of a blockchain trading platform for the settlement of gold bullion trading through the London OTC market. In the regulatory space, Lloyd and senior counsel Edward Rosen are advising SIFMA and Institute of International Bankers on issues arising from the harmonization of SEC and CFTC rules with respect to security-based swaps. Seth Grosshandler moved into a senior counsel role in 2018.

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United States: Industry focus

Energy: transactions: oil and gas

Within: Energy: transactions: oil and gas

Cleary Gottlieb Steen & Hamilton advises investors, developers and sponsors, production facilities and utilities companies on exploration and production activities, refining and marketing activities, and the development and commercial operation of pipelines, liquefied natural gas facilities and gas to liquids projects. Based in New York, the practice is headed by Richard Cooper, who focuses on domestic and international restructurings, and Jeffrey Lewis, who has expertise in emerging market transactions. Also in the New York office, Nicolas Grabar, Francesca Odell and David Lopez acted for Petróleo Brasileiro in several transactions, including an abbreviated five-day exchange offer and related tender offer, with offerings totaling $8.5bn; a $2bn SEC-registered debt offering; and several multibillion-dollar debt purchase transactions.

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