J. EricMaki

Partner

(T) + 1.212.326.3780

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

  • Panalpina and DSV join forces by way of CHF 4.6 billion (US$4.6 billion) public exchange of stockJones Day advised Panalpina Welttransport (Holding) AG, Basel, Switzerland, one of the world's leading freight forwarders, with respect to German, EU, and U.S. securities law aspects and foreign direct investment filings in connection with the combination with DSV A/S, Hedhusene, Denmark, by way of a CHF 4.6 billion (US$4.6 billion) public exchange offer of DSV to all Panalpina shareholders to tender their Panalpina shares (listed at SIX Swiss Exchange) against DSV shares (listed at NASDAQ Copenhagen).
  • Exide Technologies completes $1.1 billion comprehensive new financing and recapitalizationJones Day represented Exide Technologies, a global leader in stored energy solutions for the automotive and industrial markets, in connection with a comprehensive new financing and recapitalization transaction.
  • Parsons Corporation completes $500 million IPO on NYSEJones Day represented Newport Trust Company, as trustee and independent fiduciary of the Parsons Employee Stock Ownership Plan, in connection with the $500 million initial public offering of Common Stock on the NYSE by Parsons Corporation.
  • Greystar completes $120 million refinancingJones Day represented Greystar Real Estate Partners, LLC, a fully-integrated property management, investment management and development and construction services company specializing in the multifamily real estate industry globally, in connection with the $120 million refinancing inclusive of a $30 million revolving credit facility and a Rule 144A offering of an additional $90 million in aggregate principal amount of Greystar’s 5.75% Senior Secured Notes due 2025.
  • Eastman Chemical completes $800 million notes offering, concurrent cash tender offer, and notes redemptionsJones Day represented Eastman Chemical Company, a global chemical company that manufactures and sells a broad portfolio of chemicals, plastics, and fibers, in connection with an $800 million underwritten public offering, consisting of a $300 million offering of 3.500% Notes due 2021 and a $500 million offering of 4.500% Notes due 2028.
  • HD Supply completes $750 million offering of Senior NotesJones Day represented HD Supply, Inc., one of the largest industrial distributors in North America, in connection with its issuance of $750 million in aggregate principal amount of 5.375% Senior Notes due 2026 in a Rule 144A and Regulation S offering.
  • Rex Energy successfully closes $600.5 million 363 asset sale and confirms plan of liquidation with releases and exculpation provisionsA multi-disciplinary Jones Day team represented Rex Energy Corporation in the negotiation of a Restructuring Support Agreement ("RSA") with its first and second lien creditors that formed the foundation for a successful chapter 11 process.
  • PGT Innovations completes $161 million public offering of Common StockJones Day represented PGT Innovations, Inc., the leading U.S. manufacturer and supplier of impact-resistant windows and doors, in connection with its underwritten public offering of 7.0 million shares of Common Stock.
  • FTI Consulting completes $316.25 million Rule 144A offering of Unsecured Convertible Senior NotesJones Day represented FTI Consulting, Inc., a global business advisory firm, in connection with its issuance of $316.25 million aggregate principal amount of 2.0% Convertible Senior Notes due 2023 in a Rule 144A offering.
  • PGT Innovations completes $315 million offering of Senior NotesJones Day represented PGT Innovations, Inc., the leading U.S. manufacturer and supplier of impact-resistant windows and doors, in connection with its offering of $315 million aggregate principal amount of 6.75% Senior Notes due 2026 in a transaction exemption from registration pursuant to Rule 144A and Regulation S.
  • Sanofi completes $2 billion bond issue in U.S. public offeringJones Day represented Sanofi, a global biopharmaceutical company, in its U.S. public offering of $2 billion of notes in two fixed rate tranches.
  • Sprint finances matters relating to proposed merger with T-MobileJones Day represented Sprint Corporation, a communications services company, in connection with financing matters relating to the business combination agreement entered into on April 29, 2018 with T-Mobile US, Inc. and related transactions.
  • Sprint completes private placement of $3.9 billion wireless spectrum-backed notesJones Day represented Sprint Corporation, a communications services company, in connection with the issuance by three wholly owned special purpose subsidiaries of $3.9 billion of wireless spectrum-backed notes consisting of approximately $2.1 billion of Series 2018-1 4.738% Senior Secured Notes, Class A-1 and $1.8 billion of Series 2018-1 5.152% Senior Secured Notes, Class A-2, in a Rule 144A and Regulation S private placement.
  • Sprint completes $1.5 billion public offering of Senior NotesJones Day advised Sprint Corporation, a communications services company, in connection with its underwritten public offering of $1.5 billion aggregate principal amount of 7.625% Notes due 2026, guaranteed by Sprint Communications, Inc.
  • Cascades completes tender offer for $200 million of outstanding debt securitiesJones Day advised Cascades Inc., a Canadian corporation and a diversified producer, converter, and marketer of packaging and tissue products produced mainly from recycled fibers in Canada, the United States, and Europe, in connection with a tender offer to purchase for cash up to $200 million of its 5.500% Senior Notes due 2022 and 5.750% Senior Notes due 2023.
  • Greystar completes $500 million private placement of Senior Secured NotesJones Day advised Greystar Real Estate Partners, LLC, a fully-integrated property management, investment management and development and construction services company specializing in the multifamily real estate industry, in connection with its issuance of $500 million in aggregate principal amount of 5.75% Senior Secured Notes due 2025 in a Rule 144A and Regulation S offering and its concurrent redemption of $320 million of its 8.25% Senior Secured Notes due 2022.
  • Stewart & Stevenson businesses sold to Kirby Corporation for $756.5 millionJones Day advised Stewart & Stevenson LLC in the sale of its businesses and assets to Kirby Corporation for $756.5 million.
  • HD Supply completes series of transactions relating to its existing capital structureJones Day represented HD Supply, Inc., one of the largest industrial distributors in North America, in connection with a series of transactions relating to its existing capital structure, including the amendment of the credit agreement governing its existing term loan credit facility, resulting in the issuance of two new tranches of term loans in the approximate amount of $1.1 billion; solicitation of consents to amend the indenture governing its outstanding $1.0 billion aggregate principal amount of 5.75% Senior Notes due 2024 to provide certain financial flexibility; early redemption of its 5.25% Senior Secured First Priority Notes due 2021 for a redemption price of approximately $1.3 billion; and the establishment of a new $500 million share repurchase program.
  • Church's Chicken completes $210 million private placement of Senior Secured Notes in whole-business securitizationJones Day advised Cajun Operating Company d/b/a Church's Chicken, a quick-service restaurant chain, in connection with a whole-business securitization consisting of the issuance of $185 million of Fixed Rate Senior Secured Notes and $25 million of Senior Secured Variable Funding (Revolving) Notes in a transaction exempt from registration under Rule 144A and Regulation S.
  • Sprint completes $1.7 billion tender offers for 9.000% Guaranteed Notes and 8.375% NotesJones Day represented Sprint, a communications services company, in connection with its tender offers to purchase for cash up to an aggregate principal amount of $1.7 billion of its 9.000% Guaranteed Notes due 2018 and its 8.375% Notes due 2017.
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