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Clients rely on our Finance Group to help them navigate the business and legal complexities of novel and multi-dimensional debt financing transactions. Our versatile finance practitioners work closely with our mergers and acquisitions, securities, tax, real estate and bankruptcy lawyers to provide seamless advice and innovative solutions that address our clients' debt financing needs related to all types of transactions and capital structures.

Fairway Outdoor Advertising Completes $257 Million Offering

Paul, Weiss represented a major investment bank as sole structuring advisor and lead bookrunner, and Citigroup as joint bookrunner, in the completion of a $257 million offering of Secured Billboard Revenue Notes for Fairway Outdoor Funding, LLC, a special purpose securitization subsidiary of Fairway Outdoor Advertising. 

Fairway Outdoor Advertising is one of the largest outdoor advertising companies in the United States. The notes were secured by the revenues generated by Fairway's billboard assets and associated customer contracts and consisted of two classes of Term Notes and a Variable Funding Note facility.

The Paul, Weiss team representing the major investment bank and Citigroup included corporate partners Lawrence Wee and Jordan Yarett and counsel Scott Fisher; tax partner Richard Bronstein; and bankruptcy partner Douglas Davis.

November 5, 2012

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