Timothy J.Melton (Tim)

Partner

Detroit + 1.313.230.7969 Chicago + 1.312.269.4154

Tim Melton, a corporate lawyer with more than 30 years of deal experience, has served as lead counsel on hundreds of transactions with total transaction values well in excess of $100 billion. Tim is a go-to counselor and adviser for a wide variety of clients, many of which he has served for decades. He regularly advises public and private companies on matters relating to corporate governance, M&A, debt and equity tender offers, distressed debt, securities regulations, financing strategies and alternatives, and stakeholder activism. Tim has experience representing special committees in going private transactions and internal investigations. He represents financial institutions in connection with public and private financings and various restructuring scenarios.

Tim recently represented USG Corporation in its $7 billion acquisition by Gebr. Knauf KG, Cardinal Health in connection with its $6.1 billion acquisition of a patient product portfolio, Reynolds American in its $49 billion acquisition by British American Tobacco, Procter & Gamble in the $12.5 billion sale of its beauty brands, and Goldman Sachs in its underwritten public offering of notes issued by First Midwest Bancorp.

Tim previously served as Partner-in-Charge of Jones Day's Detroit Office and co-head of the Firm's Capital Markets Practice. He is a member of the Executive Committee (past chair) of the Ray Garrett Jr. Corporate Securities Law Institute. Tim is active in a number of charitable and civic endeavors and serves on the board of directors of The Empowerment Plan and the advisory board (past chair) of Cabrini Green Legal Aid.

Experience

  • Jones Day advises Catalent's Board of Directors in merger with Novo HoldingsJones Day is advising the Board of Directors of Catalent, Inc. in the $16.5 billion merger of Catalent with Novo Holdings.
  • Catalent announces governance enhancements and new initiatives to drive valueJones Day advised the Board of Directors of Catalent, Inc. in connection with its entry into a cooperation agreement with activist shareholder Elliott Management.
  • MYR Group amends and restates $490 million revolving credit facilityJones Day represented MYR Group, a national electrical contractor specializing in transmission and distribution, substation and commercial and industrial construction, in connection with their $490 million amended and restated revolving credit facility.
  • AAR acquires TraxJones Day advised AAR CORP. in the acquisition of Trax USA Corp., a leading independent provider of aircraft MRO and fleet management software, for a purchase price of $120 million in cash, plus up to a $20 million earn-out payment based on specified adjusted revenues in calendar year 2023 and 2024.
  • Diversified global manufacturer of industrial components obtains $1.2 billion senior secured credit facilityJones Day represented a diversified global manufacturer of industrial components in connection with its $1.2 billion senior secured credit facility.
  • USG secures affirmance by Delaware Supreme Court of dismissal of merger-related challengesJones Day represented USG Corporation in connection with litigation concerning its merger with Gebr. Knauf KG.
  • First Midwest completes $122.5 million public offering of Series C Preferred StockJones Day represented BofA Securities, Inc., J.P. Morgan Securities, Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Keefe, Bruyette & Woods, Inc., and Raymond James & Associates, Inc., as underwriters, in connection with First Midwest Bancorp, Inc.’s $122.5 million public offering of 4,900,000 depositary shares, each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series C.
  • BofA Securities-led syndicate underwrites $100 million public offering of Depositary Shares by First Midwest BancorpJones Day represented BofA Securities, Inc.; J.P. Morgan Securities LLC; Wells Fargo Securities, LLC; and the other underwriters in connection with First Midwest Bancorp, Inc.’s $100 million public offering of 4,000,000 depositary shares, each representing a 1/40th ownership interest in a share of Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series A.
  • Amsted completes $400 million notes offering and debt refinancingJones Day represented Amsted Industries Incorporated, a diversified global manufacturer of industrial components, in connection with a Rule 144A offering of $400 million aggregate principal amount of 4.625% Senior Notes due 2030.
  • MYR Group amends and restates $375 million revolving credit facilityJones Day represented MYR Group, Inc., a national electrical contractor specializing in transmission and distribution, substation and commercial and industrial construction, in connection with their $375 million amended and restated revolving credit facility.
  • MYR Group acquires CSI Electrical Contractors, Inc.Jones Day advised MYR Group Inc. in its acquisition of substantially all the assets of CSI Electrical Contractors, Inc., a full-service electrical contractor headquartered in Santa Fe Springs, California.
  • USG acquired by Gebr. Knauf for $7 billionJones Day advised USG Corporation in the acquisition by Gebr. Knauf KG ("Knauf") of all of the outstanding shares of USG in a transaction valued at $7 billion.
  • Grupo Kuo obtains US$300 million multi-draw revolving loanJones Day represented Grupo Kuo, S.A.B. de C.V., a Mexico-based industrial and commercial global holding company, and its subsidiaries in connection with a US$300 million multi-draw revolving loan financing comprised of a U.S. dollar tranche and a Mexican Peso tranche provided by a syndicate of major financial institutions.
  • Grupo Kuo obtains US$175 million senior unsecured term loanJones Day represented Grupo Kuo, S.A.B. de C.V., a Mexico-based industrial and commercial global holding company, in connection with a US$175 million senior unsecured term loan provided by Bank of America, N.A.
  • KKR completes investment in OneStream SoftwareJones Day advised Kohlberg Kravis Roberts & Co. L.P. in connection with its affiliated funds' investment in OneStream Software LLC, a leading provider of cloud or on-premise Corporate Performance Management solutions for mid-sized to large enterprises, in a transaction that values the privately held company at more than US$1 billion.
  • Cardinal Health sells majority stake in NaviHealth to Clayton, Dubilier & RiceJones Day advised Cardinal Health, Inc. (NYSE: CAH) in the sale of a majority stake in its NaviHealth business to funds managed by Clayton, Dubilier & Rice.
  • Cooper Standard acquires Lauren Manufacturing and Lauren PlasticsJones Day advised Cooper Standard regarding its acquisition of Lauren Manufacturing and Lauren Plastics, extruders and molders of organic, silicone, thermoplastic and engineered polymer products with expertise in sealing solutions for industrial and specialty automotive applications.
  • Cardinal Health sells its Cardinal Health China distribution business to Shanghai Pharmaceuticals for $1.2 billionJones Day advised Cardinal Health in the $1.2 billion sale of its Cardinal Health China distribution business to Shanghai Pharmaceuticals Holding Co., Ltd.
  • Cardinal Health acquires leading patient product portfolio from Medtronic for $6.1 billionJones Day advised Cardinal Health on the acquisition of Medtronic's Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency businesses for $6.1 billion in cash.
  • Reynolds American acquired by British American Tobacco Plc in deal valued at $49 billionJones Day advised Reynolds American Inc. ("RAI") regarding the acquisition by British American Tobacco, p.l.c. ("BAT") of 57.8 percent of the outstanding shares of RAI not owned by BAT and its affiliates in a transaction valued at $49 billion.
  • Speaking Engagements

    • 2006-2020
      Steering Committee, Deloitte Board Ready Women
    • November 10, 2020
      Corporate Governance Update, Deloitte Board Ready Women
    • September 24, 2020
      Developments in Public Company Disclosure, Co-Chair, Ray Garrett Jr. Corporate and Securities Law Institute, Northwestern Pritzker School of Law
    • April 2018
      A Conversation with SEC Division of Corporation Finance Director, Ray Garrett, Jr. Corporate and Securities Law Institute, Northwestern Pritzker School of Law
    • 2005-2020
      Executive Planning Committee, Ray Garrett, Jr. Corporate and Securities Law Institute
    • April 27, 2016
      International Tax Seminar for Detroit Chapter of Tax Executives Institute
    • June 17, 2014
      Proxy Statement Interactive Seminar
    • June 12, 2014
      Corporate Governance and Public Disclosure Challenges
    • June 9, 2013
      Managing Crisis: The intersection of Internal Investigations, Corporate Governance, and Data Privacy
    • June 7, 2012
      Creative Deal Planning: Thoughts on Current Structures and Exit Strategies, Jones Day Chicago 2012 MCLE University
    • May 2008
      Ethics and Malpractice in Corporate Transactions, Chair, Ray Garrett Jr., Corporate and Securities Law Institute
    • September 2007
      Chairman, SEC Hot Topics Seminar, Glasser Legal Works
    • December 2005
      Corporate Governance Reform, Developments in Securities Laws, Practising Law Institute
    • October 2005
      SEC Hot Topics Seminar, Glasser Legal Works
    • October 2004
      SEC Issues Update Seminar
    • April 2004
      Value Creation Strategies, Houlihan Lokey