Paul W. Johnson III

Associate

Dallas + 1.214.969.4888

Paul Johnson is a federal tax lawyer practicing primarily in the areas of corporate tax, U.S. and cross-border M&A, financings, securities offerings, and tax-exempt entities. He advises clients from a wide variety of industries on tax-related issues, including federal and international tax planning, compliance, withholding, and reporting.

Paul has extensive experience in providing tax advice on offerings of U.S. and foreign issuer stock, investment-grade, high yield, and convertible notes and complex financial instruments. Paul also works with clients to secure and maintain tax-exempt status for nonprofit organizations and advises on the federal tax implications for these organizations. In addition, he advises clients with respect to the energy tax credits, including those introduced by the Inflation Reduction Act.

Experiencia

  • Underwriters complete concurrent offerings of US$3.5 billion and €1 billion of Senior Notes by PepsiCoJones Day represented the underwriters in connection with concurrent public offerings by PepsiCo, Inc., a leading global beverage and convenient food company, of $3.5 billion of U.S. dollar-denominated Senior Notes and of €1 billion of Euro-denominated Senior Notes.
  • Gray Media completes $775 million private offering of Senior Secured First Lien NotesJones Day represented Gray Media, Inc., a multimedia company headquartered in Atlanta, Georgia that is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 37% of U.S. television households, in connection with its private offering of $775 million aggregate principal amount of 7.250% Senior Secured First Lien Notes due 2033 (the “Notes”) under Rule 144A and Regulation S.
  • Gray Media completes $900 million private offering of Senior Secured Second Lien NotesJones Day represented Gray Media, Inc., a multimedia company headquartered in Atlanta, Georgia that is the nation’s largest owner of top-rated local television stations and digital assets serving 113 television markets that collectively reach approximately 37% of U.S. television households, in connection with its private offering of $900 million aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2032 (the “Notes”) under Rule 144A and Regulation S.
  • Northern States Power completes $250 million public offering of First Mortgage BondsJones Day represented Northern States Power Company, a Wisconsin corporation and a wholly-owned subsidiary of Xcel Energy Inc., in connection with its underwritten public offering of $250 million aggregate principal amount of 5.65% First Mortgage Bonds, Series due June 15, 2054, in a reopening of the existing series of previously issued and outstanding bonds of such series.
  • Avient obtains $500 million revolving credit facilityJones Day represented Avient Corporation, an Ohio corporation, in connection with a $500 million revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent.
  • Cibus completes $27.5 million public offering of Class A Common StockJones Day represented Cibus, Inc. (NASDAQ: CBUS) in connection with its public offering of 15,714,285 shares of Cibus' Class A Common Stock for an aggregate purchase price of approximately $27.5 million.
  • Georgia-Pacific completes $1 billion Senior Notes offeringJones Day represented Georgia-Pacific LLC (“Georgia-Pacific”) in connection with its Rule 144A and Regulation S offering of $500 million aggregate principal amount of 4.400% Senior Notes due 2028 and $500 million aggregate principal amount of 4.950% Senior Notes due 2032.
  • Citibank leads syndicated revolving financing for leading global online learning platform that connects learners with expert instructorsJones Day advised Citibank, N.A., as administrative agent, in connection with a $200 million syndicated revolving credit facility provided to a leading global online learning platform that connects learners with expert instructors.
  • TransDigm completes $2.65 billion Senior Subordinated Notes offeringJones Day represented TransDigm Group Incorporated ("TransDigm Group"), a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with a Rule 144A and Regulation S offering by its wholly-owned subsidiary TransDigm Inc. of $2.65 billion aggregate principal amount of 6.375% Senior Subordinated Notes due 2033.
  • Northern States Power completes $1.1 billion public offering of First Mortgage BondsJones Day represented Northern States Power Company, a Minnesota corporation and a wholly-owned subsidiary of Xcel Energy Inc., in connection with its underwritten public offering of $600 million aggregate principal amount of 5.05% First Mortgage Bonds, Series due May 15, 2035 and $500 million aggregate principal amount of 5.65% First Mortgage Bonds, Series due May 15, 2055.
  • Molex completes $1 billion Senior Notes offeringJones Day represented Molex Electronic Technologies, LLC in connection with a Rule 144A and Regulation S offering of $600 million aggregate principal amount of 4.750% Senior Notes due 2028 and $400 million aggregate principal amount of 5.250% Senior Notes due 2032.
  • Educational nonprofit restructures debt and achieves workouts with its lender and major creditorsJones Day successfully assisted pro bono a Virginia-based 501(c)(3) educational organization in restructuring its balance sheet, negotiating and documenting new financing, facilitating settlements with major secured and unsecured creditors, navigating non-profit governance issues, addressing real estate concerns, and resolving labor and employment issues.
  • ENEOS invests in C2XJones Day is advising ENEOS Corporation in its Investment in C2X LTD, a developer of green methanol projects.
  • Underwriters complete $192.8 million Floating Rate Notes offering by Exxon Mobil CorporationJones Day represented the underwriters in connection with Exxon Mobil Corporation's SEC-registered offering of $192.8 million principal amount of Floating Rate Notes due 2075.
  • Xcel Energy completes $1.1 billion public offering of Senior NotesJones Day represented Xcel Energy Inc. in connection with its underwritten public offering of $350 million aggregate principal amount of 4.75% Senior Notes due March 21, 2028 and $750 million aggregate principal amount of 5.60% Senior Notes due April 15, 2035.
  • Nutrien completes $1 billion Senior Notes offeringJones Day represented Nutrien Ltd. in connection with a public offering of $1 billion of Senior Notes, consisting of (i) $400 million aggregate principal amount of 4.500% Senior Notes due 2027 and (ii) $600 million aggregate principal amount of 5.250% Senior Notes due 2032.
  • Avient reprices its $721 million term loanJones Day represented Avient Corporation, a leading provider of specialized and sustainable materials solutions, in connection with the $721 million term loan repricing under its term loan credit agreement with Citibank, N.A., as administrative agent.
  • Parker-Hannifin completes €700 million Senior Notes offeringJones Day represented Parker-Hannifin Corporation, a global leader in motion and control technologies, in connection with its registered public offering of €700 million aggregate principal amount of 2.900% Senior Notes due 2030.
  • National Fuel Gas completes $1 billion Notes offeringJones Day represented National Fuel Gas Company in connection with its SEC-registered offering of $1 billion aggregate principal amount of Notes, including $500 million aggregate principal amount of 5.50% Notes due 2030 and $500 million aggregate principal amount of 5.95% Notes due 2035.
  • Underwriters complete $3.5 billion Senior Notes offering by PepsiCoJones Day represented the underwriters in connection with a $3.5 billion public offering of Senior Notes by PepsiCo, Inc., a leading global beverage and convenient food company, consisting of $500 million of 4.400% Senior Notes due 2027, $750 million of 4.450% Senior Notes due 2028, $1 billion of 4.600% Senior Notes due 2030, and $1.25 billion of 5.000% Senior Notes due 2035.