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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

Duane McLaughlin

Tel:
Work 1 212 225 2106
Email:
Cleary Gottlieb Steen & Hamilton

Position

Duane McLaughlin is a partner based in the New York office. Mr. McLaughlin’s practice focuses on financing transactions and mergers and acquisitions. He regularly represents private equity funds and their portfolio companies, focusing on bank financings, high-yield debt issuances and initial public offerings. He advises a number of NYSE and Nasdaq-listed U.S. and non-U.S. companies on corporate governance and disclosure matters. He has been involved in a number of transactions in Latin America.

Career

Mr. McLaughlin joined the firm in 1999 and became a partner in 2007. From 1998 to 1999, he served as law clerk to the Honorable Denise Cote of the U.S. District Court for the Southern District of New York.

Languages

Mr. McLaughlin is fluent in Spanish.

Member

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

Education

Mr. McLaughlin received a J.D. degree from Columbia University School of Law in 1998, where he was the Book Review and Essay Editor of the Columbia Law Review, a James Kent Scholar and a Harlan Fiske Stone Scholar. He previously received a bachelor’s of arts degree from the University of Wisconsin.


Latin America: International firms

Banking and finance

Within: Banking and finance

Cleary Gottlieb Steen & Hamilton¬†has long dominated the restructuring scene in Latin America, most recently in Brazil where it has worked on a series of headline engagements. The firm is also a recognised force in new-money lending, including acquisition and leveraged finance, project finance and special-situations financings. Clients include¬†Grupo Inbursa, the¬†ad hoc group of bondholders of¬†Offshore Drilling Holdings,¬†Empresas ICA,¬†Banco Nacional de¬†Desenvolvimento Econ√īmico e¬†Social (BNDES), Telecom Argentina, Cablevisi√≥n Holding,¬†Petr√≥leos Mexicanos (PEMEX) and Vitro. The firm advised¬†Grupo Inbursa, the Mexican financial services company, on the restructuring of¬†Mossi & Ghisolfi's debt in¬†Brazil, Mexico and in the Chapter 11 cases brought¬†by US affiliates; this involved¬†obtaining approval of a $100m debtor-in possession financing and¬†the sale of¬†M&G‚Äôs US assets through a competitive auction resulting in the court approval of¬†a bid that would pay Inbursa‚Äôs $430m secured loan. It also represented IMPSA, the¬†Argentinian power and energy company¬†on the restructuring of some $412m of US dollar-denominated bonds. In yet another headline engagement, it advised Empresas ICA, the largest construction company in Mexico, on its $3.5bn debt restructuring, including $1.2bn in global bond debt. The practice has 'strong technical skills and the ability to apply those skills to the business issue/problem that needs to be addressed in a timely manner', it 'certainly knows the theory and is practical and solution oriented'.¬†Richard Cooper is widely acclaimed for his record in Latin America restructurings, including in Brazil, Mexico, Venezuela and Puerto Rico; he has 'a sharp legal mind, understands business and delivers extremely creative solutions'. Jorge Juantorena, though perhaps best known for capital markets issuances, is also a key figure in Mexico restructurings such as the¬†$3.5bn restructuring of Empresas ICA, Mexico's largest construction company.¬†Buenos Aires partner¬†Andr√©s De La Cruz¬†is another outstanding figure in debt restructurings and new money financings in Argentina and the Southern Cone.¬†Chantal Kordula¬†continues to impress in project finance and other financings in Mexico and other jurisdictions such as Argentina.¬†Adam Brenneman¬†is 'always someone who adds a lot to the transaction and is a pleasure to work with'; he is noted for his work in Mexico, Argentina, Chile and Peru, and has a fine record in restructurings, refinancings and new-money financings. Sao Paulo's Francisco Cestero is also recommended for restructurings, especially in Brazil, particularly where acting for bondholders. Amy Shapiro and Duane McLaughlin provide additional acquisition financing expertise, often in Latin America transactions. Senior attorney Denise Filauro is also highlighted for financings and restructurings in the region. All named individuals are based in New York unless stated otherwise.

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United States: Finance

Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Cleary Gottlieb Steen & Hamilton‚Äôs New York-based practice is characterized by its ‚Äėgreat commercial sense‚Äô, ‚Äėstrong negotiation skills‚Äô and ‚Äėsolution-oriented service‚Äô. 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 ‚ā¨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 ‚ā¨650m high-yield global debt offering by Mexico cement giant CEMEX. Other recommended names include¬†Jeffrey Karpf, who advised the underwriters on JELD-WEN‚Äôs $800m high-yield dual tranche notes offering; Latin America specialist Jorge Juantorena;¬†and experienced counsel David Webb.

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Commercial lending

Within: Commercial lending

Cleary Gottlieb Steen & Hamilton has a strong, multi-disciplinary borrower-side team with 'technical skills that are second to none'. Praised for its 'availability and responsiveness', the practice group was involved in several major global acquisition financings in 2018. In one example, the team advised Brazilian pulp and paper company Suzano Papel e Celulose on the $9.2bn financing linked to its merger with domestic rival Fibria Celulose. The team also advised Honeywell International on the $3.7bn financing for the spin-off of its transportation systems business, Garrett Motion, and the spin-off of its homes and ADI global distribution business, Resideo Technologies. Based in the firm's New York office, the practice group is jointly led by Meme Peponis ('unflappable and always working to find a creative solution'), Duane McLaughlin, and Amy Shapiro.

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