Gregory E. Pessin
Gregory E. Pessin is a Partner in Wachtell, Lipton, Rosen & Katz’s Restructuring and Finance Department. He focuses on representing borrowers and issuers with respect to all types of financing for mergers and acquisitions and other corporate transactions and on advising investors in and potential purchasers and sellers of distressed entities.
Among other matters, Mr. Pessin has represented:
- Broadcom with respect to $18 billion of committed financing to fund its acquisition of CA, Inc.;
- Cigna with respect to bridge and permanent financing for its $67 billion acquisition of Express Scripts;
- salesforce.com in connection with bridge commitments and permanent bank and bond financing for its $6.5 billion acquisition of MuleSoft;
- AbbVie on all financing aspects related to its $21 billion acquisition of Pharmacyclics, including with respect to bridge financing commitments and a $16.7 billion senior notes offering;
- XPO Logistics on financing matters arising from its €3.24 billion acquisition of Norbert Dentressangle S.A. and its $3 billion acquisition of Con-way;
- Marlins Holdings in connection with the financing of its acquisition of the Miami Marlins;
- Cabot Microelectronics Corporation in its approximately $1.6 billion acquisition of KMG Chemicals, Inc.
- Penn National Gaming in its $2.8 billion acquisition of Pinnacle Entertainment
- Affiliates of The Carlyle Group on its acquisitions of BenefitsMall, CFGI and Duff & Phelps;
- The J.M. Smucker Company in its issuance of $3.65 billion of senior notes and its entry into a $1.75 billion term loan facility in order to finance its acquisition of Big Heart Pet Brands;
- Tesla in connection with its $2.6 billion acquisition of SolarCity;
- Regency Centers on financing matters in connection with its $15.6 billion combination with Equity One;
- Nasdaq Inc. on a $1.1 billion bridge financing commitment and its issuance of dollar- and euro-denominated senior notes to finance its acquisition of International Securities Exchange;
- Thermo Fisher Scientific in connection with its $10.6 billion purchase of Fisher Scientific, its $7.2 billion acquisition of Patheon N.V., its $2.1 billion purchase of Dionex and its $13.6 billion acquisition of Life Technologies;
- PVH in connection with its $3 billion purchase of Tommy Hilfiger and its $3 billion acquisition of Warnaco;
- Agilent Technologies on its spinoff of Keysight Technologies;
- Abbott Laboratories on its spinoff of AbbVie (including with respect to $14.5 billion of senior bank and bridge financings and $14.7 billion of senior notes);
- Motorola Solutions Inc. with respect to its $1 billion issuance of convertible notes to Silver Lake; and
- Cousins Properties on financing issues in its merger with Parkway Properties and simultaneous spin-off of the Houston-based assets of both companies.
In the distressed and restructuring space, among other projects, Mr. Pessin has represented Google Inc. as the stalking horse bidder in Nortel Networks’ $4.5 billion sale of its patent assets in a §363 sale in bankruptcy; Apollo Management in connection with its acquisition of Aleris International through a pre-negotiated bankruptcy reorganization plan; and the senior secured term lenders to Spectrum Brands, Inc. in a contested bankruptcy in which Spectrum and its junior note holders attempted to reinstate the $1 billion secured term debt facility.
Mr. Pessin has recently been named a “Market Leader” by the IFLR1000, a “Rising Star” in the Insolvency and Restructuring practice area by Expert Guides and a “Rising Star” in the New York metropolitan area by Super Lawyers.
Mr. Pessin received a B.A. from Duke University in 2001, where he was the editor of The Chronicle, the daily independent newspaper of the university community. He received a J.D. with honors from The University of Chicago Law School in 2005, where he was named a member of the Order of the Coif and was a member of The University of Chicago Law Review.
- Acquisition Financing Year in Review - From Break-Neck to Brakes-On,
in Columbia Law School’s Blog on Corporations and the Capital Markets, January 14, 2019.
- Financing the Deal,
in REITs: Mergers and Acquisitions (Update Author of Chapter 9), Law Journal Seminars Press, 2018.
- Mergers and Acquisitions -- 2018 - With a Brief Look Back,
in Harvard Law School Forum on Corporate Governance and Financial Regulation, January 29, 2018.
- Acquisition Financing: A Banner Year Behind, and New Opportunities in the Year Ahead,
n Columbia Law School’s Blog on Corporations and the Capital Markets, January 17, 2018.
- Mergers and Acquisitions - A Brief Look Back and a View Forward,
in Bank and Corporate Governance Reporter, Volume 57 Number 6, February 2017.
- Corporate Bankruptcy and Restructuring 2016/2017,
in Columbia Law School’s Blog on Corporations and the Financial Markets, January 20, 2017.
- Acquisition Financing: the Year Behind and the Year Ahead,
in Columbia Law School’s Blog on Corporations and the Capital Markets, January 18, 2017.
- Dealmaking in a Distressed Environment,
in The Harvard Law School Forum on Corporate Governance and Financial Regulation, April 17, 2013.