Gregory E. Pessin

Education

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 transformative corporate transactions. He also advises investors in and potential purchasers and sellers of distressed entities.

Among other matters, Mr. Pessin has represented:

  • Salesforce.com in connection with committed bridge financing and permanent bank and bond financing for its $27.7 billion acquisition of Slack and its $6.5 billion acquisition of MuleSoft;
  • Cigna with respect to bridge and permanent financing for its $67 billion acquisition of Express Scripts;
  • Broadcom with respect to $32 billion of committed financing to fund its pending acquisition of VMware, $18 billion of committed financing to fund its acquisition of CA, Inc. and $15.5 billion of committed financing to fund its acquisition of the enterprise security business of Symantec Corporation and to refinance certain debt;
  • Thermo Fisher Scientific in connection with committed financing for its $7.2 billion acquisition of Patheon N.V., its $2.1 billion purchase of Dionex, its $13.6 billion acquisition of Life Technologies and its $10.6 billion purchase of Fisher Scientific;
  • Pfizer with respect to $12 billion of committed bridge financing in connection with the $48 billion combination of its off-patent drug business with Mylan;
  • Nasdaq Inc. on a $2.5 billion bridge financing commitment and its issuance of senior notes to finance its acquisition of Verafin and 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;
  • 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;
  • Kimco Realty Corporation in its $3.9 billion acquisition of Weingarten Realty and on more than $6 billion of other financing transactions;
  • Dick’s Sporting Goods on more than $3.5 billion of debt-related transactions, comprising credit facilities, senior notes and convertible notes;
  • XPO Logistics on more than $14 billion of financing transactions, including in connection with its €3.24 billion acquisition of Norbert Dentressangle S.A., its $3 billion acquisition of Con-way and its spin-off of GXO Logistics;
  • Marlins Holdings in connection with the financing of its acquisition of the Miami Marlins;
  • Becton-Dickinson in connection with the spinoff of Embecta, including on the issuance of $700 million of secured notes, $950 million of secured term loans and a $500 million revolving credit facility;
  • GXO Logistics on bridge commitments and permanent financing for its £943 million acquisition of Clipper Logistics and with respect to a new $800 million revolving credit facility and $800 million of senior notes in connection with its spin-off from XPO Logistics;
  • Cabot Microelectronics Corporation on secured high-yield financing to fund its $1.6 billion acquisition of KMG Chemicals, Inc.;
  • Penn National Gaming on all financing matters relating to its $2.8 billion acquisition of Pinnacle Entertainment;
  • Affiliates of The Carlyle Group on their 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;
  • 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;
  • Cousins Properties on financing issues in its merger with Parkway Properties and simultaneous spin-off of the Houston-based assets of both companies and on its acquisition of Tier Reit; and
  • Global Payments on financing matters in connection with its $21.5 billion merger with Total System Services.

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; affiliates of Apollo Management in connection with their 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’s work on transformative transactions has earned notice within the legal and business communities. In 2020, he was named the top financing lawyer in North America by MergerLinks. The IFLR1000 recently recognized him as a “Market Leader,” describing him as “one of the true leaders [and] standout performers” in his field, with a “track record of high profile innovative deals.” Mr. Pessin was also listed as one of the 500 Leading Dealmakers in America by Lawdragon, a Rising Star in the Insolvency and Restructuring practice area by Expert Guides, and a Rising Star in the New York metropolitan areas 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.

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