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 portfolio company acquires Murphy Pipeline ContractorsJones Day advised Inland Pipe Rehabilitation, a portfolio company of an investment affiliate of J.F. Lehman & Company, in its acquisition of Murphy Pipeline Contractors, a leading provider of trenchless pipe rehabilitation solutions and technology to the municipal wastewater and storm water markets.
  • Funds managed by EagleTree Capital complete $238 million IPO of Corsair GamingJones Day acted as legal counsel to funds managed by EagleTree Capital, LP in Corsair Gaming Inc.’s $238 million initial public offering, reflecting an enterprise value of approximately $1.7 billion.
  • Lamb Weston amends existing credit agreement with Bank of AmericaJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor, and marketer of value-added frozen potato products, in connection with an amendment to its existing credit agreement with Bank of America, N.A., as administrative agent, to, among other things, provide a new $750 million revolving credit facility.
  • Diebold Nixdorf completes offering of $700 million of Senior Secured NotesJones Day represented Diebold Nixdorf, Incorporated, a global leader in driving connected commerce for the banking and retail industries, in connection with the issuance of its $700 million aggregate principal amount of 9.375% Senior Secured Notes due 2025 in a Rule 144A and Regulation S offering.
  • Diebold Nixdorf completes offering of €350 million of Senior Secured NotesJones Day represented Diebold Nixdorf, Incorporated, a global leader in driving connected commerce for the banking and retail industries, in connection with the issuance by its wholly-owned Dutch subsidiary, Diebold Nixdorf Dutch Holding B.V., of €350 million aggregate principal amount of 9.000% due 2025 in a Rule 144A and Regulation S offering.
  • J.F. Lehman portfolio company acquires Heneghan Wrecking CompanyJones Day advised NorthStar Group Services, Inc., a portfolio company of investment affiliates of J.F. Lehman & Company, in connection with the acquisition of Heneghan Wrecking & Excavating Co., Inc. and Patrick's Equipment Leasing, Inc., providers of complete structural and interior deconstruction, excavation, and emergency response services for commercial and industrial clients across the Midwest.
  • FuseFx merges with Folks VFXJones Day advised FuseFX, a portfolio company of EagleTree Capital, in the merger of FuseFX with Folks VFX, a high-end, independent visual effects studio headquartered in Montréal with additional studio locations in Toronto and Bogotá, Colombia.
  • 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.
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