Paul W. Johnson III

Associate

达拉斯 + 1.214.969.4888

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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.

经验

  • Cleveland-Cliffs completes $275 million Senior Unsecured Notes offeringJones Day represented Cleveland-Cliffs Inc. in connection with its Rule 144A and Regulation S offering of an additional $275 million aggregate principal amount of 7.625% Senior Unsecured Guaranteed Notes due 2034.
  • Xcel Energy completes $900 million public offering of Junior Subordinated NotesJones Day represented Xcel Energy Inc. in connection with its underwritten public offering of $900 million aggregate principal amount of 6.25% Junior Subordinated Notes, Series due 2085.
  • PNC Bank-led syndicate provides $700 million unsecured amended and restated revolving credit facility to EPAM Systems, Inc.Jones Day represented PNC Bank, National Association, as administrative agent, in connection with a $700 million syndicated unsecured amended and restated revolving credit facility provided to EPAM Systems, Inc., a publicly traded software product development and digital platform engineering services company.
  • Better Home & Finance establishes $75 million at-the-market equity programJones Day represented Better Home & Finance Holding Company in connection with the establishment of an at-the-market equity program for the sale of up to $75 million of its shares of Class A Common Stock.
  • OUTFRONT Media enters into $1 billion syndicated secured credit facilitiesJones Day advised OUTFRONT Media Inc. in connection with $1 billion senior secured credit facilities, consisting of a $500 million term loan facility and $500 million revolving credit facility, with Wells Fargo Bank, National Association as administrative agent and collateral agent.
  • TransDigm reprices $3.543 billion of existing tranche I and K term loansJones Day represented TransDigm Group Incorporated and certain of its subsidiaries in connection with an amendment to its senior credit facilities pursuant to which TransDigm repriced $1.686 billion of its existing term loans K maturing March 22, 2030 and amended and extended, and repriced, $1.857 billion of its existing term loans I by converting such loans into term loans K.
  • Cleveland-Cliffs completes $850 million Senior Unsecured Notes offeringJones Day represented Cleveland-Cliffs Inc. in connection with its Rule 144A and Regulation S offering of $850 million aggregate principal amount of 7.625% Senior Unsecured Guaranteed Notes due 2034.
  • EQT and NextDecade strike 20-Year LNG supply dealJones Day is advising EQT Corporation (NYSE: EQT) in connection with the execution of a 20-year liquefied natural gas (LNG) sale and purchase agreement (SPA) for offtake from Rio Grande LNG Train 5. EQT will purchase 1.5 million tonnes per annum (MTPA) of LNG for 20 years on a free on-board basis at a price indexed to Henry Hub.
  • TransDigm completes $500 million Senior Secured Notes offering, $2 billion Senior Subordinated Notes offering, and incurs $2.5 billion of new term loans under its term credit facilityJones Day represented TransDigm Group Incorporated (“TransDigm Group”), a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with Rule 144A and Regulation S offerings by its wholly-owned subsidiary TransDigm Inc. (“TransDigm”) of $500 million aggregate principal amount of 6.250% Senior Secured Notes due 2034 (the “Secured Notes”) and $2 billion aggregate principal amount of 6.750% Senior Subordinated Notes due 2034 (the “Subordinated Notes”).
  • Xcel Energy establishes $4 billion at-the-market equity program, including forward componentsJones Day represented Xcel Energy Inc. (“Xcel Energy”) in connection with the establishment of an at-the-market equity program for the sale of up to $4 billion of its shares of Common Stock from time to time either through or to sales agents or through forward sellers who will, at Xcel Energy's request, borrow shares of Xcel Energy’s Common Stock from third parties and sell a number of shares of Common Stock equal to the number of shares underlying the forward sale agreement to hedge the forward sale agreement, under two separate forms of forward sale agreements.
  • 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.
  • Leading financial services company provides $165 million senior secured revolving credit facility to outdoor recreation companyJones Day represented a leading financial services company, as administrative agent and lead arranger, in connection with a $165 million senior secured revolving credit facility provided to an outdoor recreation company.
  • 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.
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    July 2025 Alert

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    May 2025 Alert

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    JANUARY 2025 Alert

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    Final Clean Electricity Production and Investment Tax Credit Regulations Provide Taxpayers With Welcomed Guidance

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    Final Regulations Expand Access to "Direct Pay" Elections for Energy Credits

    May 2024 Alert

    Proposed Treasury Regulations Provide Guidance on New Clean Electricity Production and Investment Tax Credits

    July 2023 Commentary

    U.S. Treasury and OECD Lay Groundwork for Selling Clean Energy Tax Credits

    August 2022 White Paper

    Inflation Reduction Act: Impact on Electric Vehicle and Transportation Industries

    August 2022 White Paper

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