PeterPetraro

Of Counsel

New York + 1.212.326.3843

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Peter Petraro has more than a decade of broad equity derivatives transactional and regulatory experience. Peter advises financial institutions, investment funds, and corporations on structuring, negotiating, and documenting transactions such as accelerated share repurchases, convertible bond and call spread transactions, issuer forward sales, margin loans, prepaid variable share forwards, and other structured equity derivatives. He also advises on regulatory issues, including security-based swap regulation and the treatment of equity derivatives under U.S. securities laws.

Peter is co-coordinator of the Firm's derivatives practice globally.

Prior to joining Jones Day in 2021, Peter was vice president and assistant general counsel at Goldman Sachs for more than seven years, where he advised on equity derivatives transactions, securities laws, broker-dealer regulations, derivatives reform regulations, and bankruptcy and creditors' rights issues, as they relate to equity derivatives. He has in-depth knowledge of the Securities Exchange Act and the Commodity Exchange Act as well as the application of the Investment Company Act to equity derivatives. Peter has experience in systematic and algorithmic trading strategies and indices and has advised on and negotiated agreements relating to such strategies and indices, across asset classes. He also has advised financial institutions on creditors' rights issues, particularly the effect of counterparty insolvency, and regulatory matters, including regulations under Dodd-Frank.

In addition, Peter has experience with the LIBOR transition and with the confirmation and reconciliation of derivative transactions using blockchain technology.

Experience

  • Goldman Sachs enters into accelerated share repurchase agreement with GoDaddyJones Day represented Goldman Sachs & Co. LLC in entering into an accelerated share repurchase agreement (ASR) with GoDaddy Inc. (GoDaddy) for GoDaddy to purchase $375 million of its own shares.
  • Goldman Sachs enters into prepaid variable share forward transactions with clients of its Private Wealth Management and Global Markets divisionsJones Day represented Goldman Sachs & Co. LLC in prepaid variable share forward (PVSF) transactions entered into with clients of its Private Wealth Management and Global Markets divisions.
  • Goldman Sachs enters into accelerated share repurchase agreement with Victoria's SecretJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Victoria's Secret & Co. (Victoria's Secret).
  • Goldman Sachs enters into accelerated share repurchase agreement with FedEx CorporationJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with FedEx Corporation.
  • Goldman Sachs enters into accelerated share repurchase agreement with LabCorpJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Laboratory Corporation of America Holdings (LabCorp).
  • BNP Paribas completes three-year total return equity swap agreement with JAB Holdings N.V.Jones Day advised BNP Paribas in connection with a three-year total return equity swap agreement with JAB Holdings N.V. (JAB Holdings) for up to 6.5 million shares of Krispy Kreme, Inc., one of JAB Holdings' portfolio companies.
  • NorthWestern Corporation completes $325 million public offering of Common Stock, including forward saleJones Day represented NorthWestern Corporation in connection with the underwritten public offering of 6,074,767 shares of NorthWestern’s Common Stock at a public offering price of $53.50 per share.
  • Goldman Sachs enters into accelerated share repurchase agreement with Zions BankJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Zions Bancorporation, N.A. (Zions Bank).
  • Goldman Sachs enters into accelerated share repurchase agreement with Silicon LabsJones Day represented Goldman Sachs & Co. LLC in an accelerated share repurchase agreement (ASR) entered into with Silicon Laboratories Inc. (Silicon Labs).
  • NorthWestern Corporation establishes $200 million at-the-market equity programJones Day represented NorthWestern Corporation in connection with the establishment of an at-the-market equity program for the sale of up to $200 million of its shares of Common Stock.
  • Verint Systems completes $315 million Convertible Notes offeringJones Day represented Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with an offering of $315 million aggregate principal amount of 0.25% Convertible Senior Notes due 2026.
  • Investment banking and securities firm negotiates agreements on blockchain platformJones Day is advising an investment banking and securities firm on the negotiation of the agreements facing a platform that uses a blockchain to confirm derivatives trades and process trade events, as well as the regulatory issues related to using the platform.
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    SEC Proposes Rules to Clarify Dealer-Trader Distinction

    December 2021 Alert

    SEC Proposes Three New Rules for Securities-Based Swaps

    December 2021

    SEC Proposes Amendments Regarding Rule 10b5-1 Trading Plans and Share Repurchase Disclosure Rules

    August 2021 Commentary

    Countdown to Security-Based Swap Registration and Compliance Deadlines

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