J. EricMaki

Partner

New York + 1.212.326.3780

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Eric Maki has more than 30 years of experience in the area of capital markets, with particular emphasis in public offerings and private placements of securities, and, in particular high yield debt issuances. Eric has represented issuers, underwriters, and investors in a wide variety of public and private offerings (including pursuant to Rule 144A and Regulation S) of debt, equity, preferred stock, and hybrid and structured securities, debt restructurings, tender offers, exchange offers, consent solicitations, unit offerings, securitizations, and other complex transactions. His practice includes substantial representation of foreign private issuers. He also regularly advises domestic and non-U.S. companies with respect to SEC reporting, corporate governance, and securities law compliance matters and advises on the securities aspects of public and private M&A transactions.

Eric's recent engagements include representing Sprint Corporation in connection with a $7 billion spectrum-back debt program, as well as a $1.7 billion debt tender offer; Rex Energy in connection with an $800 million debt exchange offer as well as a $250 million first lien credit facility; and Exide Corporation in connection with a $600 million recapitalization/debt restructuring. Eric also has recently represented, among others, the following clients in connection with significant securities transactions: Asbury Automotive Group; Cascades; Church's Holding Corp; Eastman Chemical; FTI Consulting; Gray Television; Grupo Dina, S.A. de C.V.; International Automotive Components Group, S.A.; Morgan Stanley; Orange, S.A. and Procter & Gamble.

Eric is involved in many aspects of the Firm's Capital Markets Practice, including being a member of the Firm's Opinion Committee.

Experience

  • HanesBrands completes $600 million Senior Notes offering and prices $900 million term loan B facilityJones Day represented HanesBrands Inc. in connection with (i) a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 9.000% Senior Notes due 2031 and (ii) an amendment to the credit agreement that governs the company's existing senior secured credit facilities to provide for a new $900 million senior secured term loan B facility (the “Term Loan B”).
  • Bally's transfers real property assets of two properties to Gaming And Leisure Properties for $635 millionJones Day advised Bally's Corporation on the completion of the previously announced transfer of the real property assets of Bally's Tiverton Casino & Hotel in Tiverton, RI and Bally’s Hard Rock Hotel & Casino Biloxi in Biloxi, MS to GLP Capital, L.P., the operating partnership of Gaming and Leisure Properties, Inc., for $635 million in total consideration, inclusive of $15 million in the form of OP units. Bally's leased back both properties and continues to own, control, and manage all the gaming operations of the facilities on an uninterrupted basis.
  • Intelsat closes $6.7 billion DIP-to-exit financing transactionsOn May 13, 2020, Intelsat S.A. and certain of its direct and indirect subsidiaries (the “Intelsat Parties”) filed voluntary petitions with the U.S. Bankruptcy Court for the Eastern District of Virginia commencing their respective cases under Chapter 11 of the Bankruptcy Code.
  • Asbury Automotive Group acquires Larry H. Miller Dealerships and Total Care Auto for $3.2 billionJones Day advised Asbury Automotive Group, Inc. (NYSE: ABG), one of the largest automotive retail and service companies in the U.S., in its acquisition of Larry H. Miller Dealerships, and Total Care Auto, Powered by Landcar for $3.2 billion.
  • Gray Television acquires Meredith Corporation's Local Media Group for $2.8 billionJones Day advised Gray Television, Inc. in the $2.8 billion acquisition and financing of Meredith Corporation’s Local Media Group, which owns 17 broadcast television stations in 12 local markets.
  • Asbury Automotive completes $600.6 million Shares of Common Stock and $1.4 billion Senior Notes offeringJones Day represented Asbury Automotive Group, Inc. (the "Company") in connection with (i) its underwritten public offering (the "Common Stock Offering") of 3,795,000 Shares of its Common Stock, par value $0.01 per share (the "Shares") resulting in gross proceeds of approximately $600.6 million and (ii) its offering of Senior Notes (the “Notes Offering”), consisting of $800 million aggregate principal amount of 4.625% Senior Notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of 5.000% Senior Notes due 2032 (the “2032 Notes” and, together with the 2029 Notes, the “Notes”).
  • Millicom International Cellular obtains bridge loan facilityJones Day advised Millicom International Cellular S.A. in connection with a bridge loan facility with a syndicate of commercial banks.
  • Cascades completes $300 million modified Dutch auction tender offerJones Day represented Cascades Inc., a producer of sustainable, innovative, and value-added packaging, hygiene and recovery solutions, in connection with a modified Dutch Auction tender offer for $300 million of its 5.125% Senior Notes due 2026 and 5.375% Senior Notes due 2028.
  • Gray Television completes $1.3 billion private offering of Senior NotesJones Day represented Gray Television, Inc. (“Gray”), a television broadcast company headquartered in Atlanta, Georgia that owns and/or operates television stations and leading digital properties in 113 television markets that collectively reach approximately 36% of U.S. television households, in connection with its private offering of $1.3 billion aggregate principal amount of 5.375% Senior Notes due 2031.
  • Millicom obtains $125 million term loan facilityJones Day advised Millicom International Cellular S.A. and Millicom Cable Costa Rica, S.A., in connection with a 5-year, $125 million multi-currency term loan facility with a syndicate of five commercial banks.
  • Leading automotive components and systems supplier obtains $100 million senior secured term loan facilityJones Day represented a leading automotive components and systems supplier in connection with a $100 million senior secured term loan facility.
  • The Toledo Edison Company issues $150 million Senior Secured Notes and First Mortgage BondsJones Day represented The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.
  • Gray Television leads $40 million Series C financing of Envy Gaming, Inc.Jones Day represented Gray Television, Inc. as lead investor in a $40 million Series C financing of Envy Gaming, Inc., an entertainment and esports company based in Dallas, Texas.
  • PGT Innovations acquires 75% ownership stake in Eco Window Systems for $108 millionJones Day advised PGT Innovations, Inc. in its $108 million acquisition of a 75% ownership stake in Eco Window Systems and its related companies, which are leading manufacturers and installers of aluminum, impact-resistant windows and doors serving the South Florida region, as well as PGTI's related $60 million Rule 144A and Regulation S add-on offering of 6.75% Senior Notes due 2026.
  • HD Supply acquired by The Home Depot, Inc. for $8.8 billionJones Day advised HD Supply, Inc. ("HDS") in its $8.8 billion acquisition by The Home Depot, Inc. ("Home Depot").
  • Gray Television completes $800 million private offering of Senior NotesJones Day represented Gray Television, Inc., a television broadcast company headquartered in Atlanta, Georgia, in connection with its private offering of $800 million aggregate principal amount of 4.75% Senior Notes due 2030.
  • OmniMax sells company to SVPGlobalJones Day advised OmniMax International, Inc., the leading national manufacturer of residential roof drainage systems and a top supplier of products for outdoor living, recreational vehicle, and other building end markets, in its acquisition by Strategic Value Partners, LLC and its affiliates ("SVPGlobal").
  • Cascades completes US$300 million Rule 144A and Reg S offering of Senior Notes and US$200 million tender offer of Senior NotesJones Day advised Cascades Inc., a Canadian-based company and leader in eco-friendly recycling, packaging, and hygiene solutions, in connection with the issuance of US$300 million in aggregate principal amount of 5.375% Senior Notes due 2028 in a Rule 144A and Regulation S offering, as well as a tender offer for any and all of its outstanding principal amount of US$200 million 5.75% Senior Notes due 2023.
  • Asbury Automotive completes $1.125 billion offering of Senior NotesJones Day represented Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., in connection with its private offering of $1.125 billion of Senior Notes, consisting of $525 million of 4.50% Senior Notes due March 2028 and $600 million of 4.75% Senior Notes due March 2030.
  • PGT Innovations acquires NewSouth Window SolutionsJones Day advised PGT Innovations, Inc., a national leader in premium windows and doors, including impact-resistant products, in connection with its $92 million cash acquisition of NewSouth Window Solutions, subject to adjustments.
    • View All

    February 2015 Alert

    SEC Proposes Disclosure Regarding Hedging Policies

    January 2015 Alert

    SEC Permits Abbreviated Tender and Exchange Offers for Non-Convertible High-Yield and Investment-Grade Debt Securities

    April 2014 Commentary

    High Yield Debt: Credit Bubble and Litigation Risks

    April 2014 Alert

    United States Court of Appeals Holds SEC's Rules Regarding Conflict Minerals Violate First Amendment

    May 2013 Commentary

    Securities and Exchange Commission Gives Guidance to Non-U.S. Broker-Dealers Through Rule 15a-6 FAQs

    February 2012 Jones Day Publications

    Foreign Private Issuers of Equity Securities in the United States

    May 2009 Jones Day Publications

    Foreign Private Issuers of Equity Securities in the United States Guidebook

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