Charles N.Bensinger III (Chip)

Partner

New York + 1.212.326.3797

Chip Bensinger has been practicing corporate law for more than 20 years, with a focus on lending and structured finance. He regularly represents banks, financial institutions, funds, and borrowers in a broad variety of secured and unsecured lending transactions, including multijurisdictional credit facilities, acquisition financings, professional sports franchise financings, subordinated and mezzanine debt issuances, project finance, public debt issuances, and chapter 11 debtor-in-possession and exit financings.

Representative clients range from public companies such as ConAgra Brands, Diebold, Frontier Communications, HNI, Kaiser Aluminum, Lamb Weston, Teradyne, and Verint Systems, to private companies and private equity firms such as AGIC, Duchossois Industries, EagleTree Capital, J.F. Lehman & Company, One Equity Partners, and Ospraie Management, and include lenders such as CIT, Citizens Bank, Jefferies, RBS, and SunTrust Bank.

Representative transactions include: innumerable PE acquisition financings, including advising a consortium of private equity firms in an extraordinarily complex $2.3 billion financing; ConAgra Brands in both the $6 billion acquisition financing of Ralcorp Holdings and $1.1 billion financing of the Lamb Weston spinoff; Diebold in the $3.1 billion financing of its acquisition by tender offer of a publicly traded German company; a debtor emerging from more than three years of chapter 11 proceedings with five different levels of secured and unsecured debt; and financings of several NHL and NBA franchises, including financing of the world-class Prudential Center, the first major league sports venue built in the New York metropolitan area since 1981. Chip also has coordinated multiple cross-border acquisitions, some involving more than 30 countries.

Experience

  • J.F. Lehman acquires Global Marine GroupJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in connection with the acquisition and related financing of Global Marine Group.
  • J.F. Lehman acquires Integrated Global ServicesJones Day advised long-standing client J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, in the acquisition and related financing of Integrated Global Services, Inc. ("IGS").
  • CORSAIR® acquires SCUF Gaming®Jones Day advised CORSAIR® in connection with the acquisition and related financing of high-performance controller pioneer SCUF Gaming "SCUF®" and its extensive patent portfolio.
  • NRC Group Holdings acquired by US Ecology, Inc. for $966 millionJones Day advised NRC Group Holdings Corp. (NYSE American: NRCG) in its acquisition by US Ecology, Inc., a leading North American provider of environmental services to commercial and government entities, pursuant to an all-stock transaction that values NRCG on an enterprise value at $966 million.
  • J.F. Lehman portfolio company acquires Wenzel Associates, Inc.Jones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the acquisition by portfolio company BEI Precision Systems & Space Company, Inc., of Wenzel Associates, Inc., a designer and manufacturer of crystal oscillators, fixed frequency systems, integrated microwave assemblies, and synthesizers for military, space, and commercial markets.
  • Conagra Brands sells Direct Store Delivery snacks business to Utz Quality Foods, LLCJones Day advised Conagra Brands, Inc. in connection with its divestiture of its Direct Store Delivery snacks business to Utz Quality Foods, LLC.
  • Northstar Travel Group acquires travAlliancemediaJones Day advised Northstar Travel Group, a company owned by funds managed by EagleTree Capital, in its acquisition of travAlliancemedia, a leading marketing services, digital media, event and information company serving the retail travel community in North America.
  • J.F. Lehman refinances American ScaffoldJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the refinancing of American Scaffold, Inc.
  • J.F. Lehman acquires Lone Star Disposal, Delta Waste Services, and Tanner Road FacilityJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the acquisition and related financing of Lone Star Disposal, L.P.; Delta Waste Services, L.P.; and Tanner Road Facility, L.P.
  • Performance apparel manufacturer refinances asset-based loan facilityJones Day represented a private equity firm and one of its portfolio companies, a manufacturer of performance apparel, in the refinancing of the portfolio company's asset-based loan facility.
  • Airtech acquires Champion Valves Inc. and Valve & Pump Specialties, Inc.Jones Day advised Airtech Group, a portfolio company of EagleTree Capital, in connection with the acquisition and related financing of Champion Valves Inc. and Valve & Pump Specialties, Inc., a designer, assembler, and distributor of industrial check valves and butterfly valves.
  • EagleTree Capital acquires Invincible Boat CompanyJones Day advised EagleTree Capital in connection with the acquisition and related financing of Invincible Boat Company, a manufacturer of saltwater fishing boats.
  • Lamb Weston obtains $300 million senior secured term loan facilityJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor, and marketer of value-added frozen potato products, in connection with a $300 million senior secured term loan facility with Northwest Farm Credit Services, PCA.
  • Royalty Pharma acquires EMGALITY® royalty from Arteaus Therapeutics for $260 millionJones Day advised Royalty Pharma, the industry leader in acquiring pharmaceutical royalties, in its $260 million acquisition of the royalty interest held by Arteaus Therapeutics, LLC on future global net sales of Eli Lilly and Company’s EMGALITY® (galcanezumab), an anti-CGRP antibody for the prevention of migraine.
  • OMNI Environmental Solutions acquires Force Environmental SolutionsJones Day advised OMNI Environmental Solutions, Inc., a portfolio company of One Equity Partners, in connection with the acquisition and related financing of Pennsylvania-based Force Environmental Solutions, LLC, a provider of environmental equipment and transportation and disposal services to energy producers in the northeast U.S.
  • J.F. Lehman acquires Inland Pipe Rehabilitation LLCJones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in its acquisition and related financing of Inland Pipe Rehabilitation LLC, a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets.
  • Conagra Brands acquires Pinnacle Foods for $10.9 billion in cash and stockJones Day advised Conagra Brands, Inc. in connection with the acquisition and related financing of Pinnacle Foods Inc. in a $10.9 billion merger.
  • Welbilt amends and increases $1.3 billion senior secured credit facilityJones Day represented Welbilt, Inc., a leading global manufacturer of commercial foodservice equipment, in connection with an amendment to and increase of its $1.3 billion senior secured credit facility.
  • Strike Capital, LLC attempts business combination with Sentinel Energy Services Inc. to form publicly traded Strike Inc.Jones Day represented One Equity Partners (“OEP”) and Strike Capital, LLC (“Strike”) in the proposed sale of a majority interest in Strike to Sentinel Energy Services Inc., a special purpose acquisition company (“Sentinel”).
  • J.F. Lehman sells National Response Corporation and Sprint Energy Services to Hennessy Capital Acquisition Corp. IIIJones Day advised long standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with (i) the sale of all its membership interests in NRC Group Holdings, LLC, formed earlier this year through the combination of JFLCO portfolio companies National Response Corporation and Sprint Energy Services, to Hennessy Capital Acquisition Corp. III, and (ii) the related refinancing of the credit facilities of such portfolio companies.
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