skip to main content

Hybrid Capital & Special Situations

Our multidisciplinary team counsels sponsors, investors, issuers and creditors in connection with a broad range of sophisticated and bespoke debt, equity and hybrid solutions across the capital structure. Our group provides comprehensive and tailored advice to clients informed by decades of experience creating cutting-edge alternative capital solutions.

Client News

Apollo Funds Invest in Western Digital

Paul, Weiss advised funds managed by affiliates of Apollo Global Management, Inc. in the purchase, alongside Elliott Investment Management L.P., of $900 million of Western Digital Corporation convertible preferred stock.

» more

Firm News

Client News

Apollo Invests in Circulus

Paul, Weiss is advising funds managed by affiliates of Apollo in their $300 million structured solution in the form of a senior secured loan and structured warrants to Circulus Holdings, PBLLC, a portfolio company of Ara Partners and an emerging leader in plastics recycling.

» more

Publications

Sung Pak Discusses New Paths to Capital in Global Finance Interview

Corporate partner Sung Pak spoke with Global Finance about finding opportunities for capital even during tumultuous times.

» more

Client News

HPS Invests in OneTeam Partners

Paul, Weiss advised HPS Investment Partners (HPS) as lead investor and lender in a structured preferred investment and term loan facility in OneTeam Partners (OneTeam), a leader in commercializing group licensing rights of professional and collegiate athletes.

» more

Client News

Apollo and KKR Commit to Invest in Citrix Preferred Stock

Paul, Weiss advised funds managed by Apollo Global Management and KKR as part of a consortium providing a $2.5 billion preferred equity commitment to support the $16.5 billion acquisition of Citrix by affiliates of Vista Equity Partners and Evergreen Coast Capital (an affiliate of Elliott Investment Management).

» more

Client News

Centerbridge Partners and Oaktree Capital Management Lead $1.25 Billion OTG Management Financing

Paul, Weiss advised Centerbridge Partners and Oaktree Capital Management in leading a first lien senior secured credit facility for OTG Management, an owner and operator of restaurants and retail in airports.

» more

Client News

Apollo Invests in W.R. Grace

Paul, Weiss advised funds managed by Apollo Global Management affiliates in their preferred stock issuance in connection with Standard Industries Holdings Inc.’s $7 billion buyout of W.R. Grace & Co., a Maryland-based specialty chemicals company.

» more

Client News

David’s Bridal Closes $70 Million Capital Investment

Paul, Weiss advised David’s Bridal, LLC, the nation’s leading bridal and special occasion authority, in securing a $70 million term loan provided by CPPIB Credit Investments Inc., a subsidiary of Canada Pension Plan Investment Board.

» more

Client News

Apollo, Knighthead and Certares Sponsor Plan to Fund Hertz’s Exit From Bankruptcy

Paul, Weiss is advising funds and accounts managed by affiliates of Apollo Capital Management, L.P. in a joint proposal, alongside Knighthead Capital Management LLC and Certares Opportunities LLC, to sponsor Hertz Global Holdings, Inc.’s chapter 11 plan of reorganization and to fund Hertz’s and its affiliates’ exit from bankruptcy.

» more

Client News

Apollo Funds to Acquire Verizon Media in $5 Billion Deal

Paul, Weiss is advising funds managed by affiliates of Apollo Global Management in their $5 billion acquisition of Verizon Media, which includes iconic brands such as Yahoo and AOL.

» more

Client News

Oaktree Capital Closes Ashford Hospitality Financing

Paul, Weiss advised funds managed by Oaktree Capital Management, L.P. in its $200 million senior secured term loan to Ashford Hospitality Trust, Inc., a real estate investment trust investing predominantly in upper upscale, full-service hotels.

» more

Client News

Weatherford Completes $500 Million Refinancing

Paul, Weiss is representing Weatherford International plc and certain subsidiaries in the refinancing of its asset-based lending facility through the issuance of $500 million of 8.75% senior secured first lien notes maturing on September 1, 2024.

» more

Client News

Apollo Invests in Expedia Group

Paul, Weiss represented funds managed by affiliates of Apollo Global Management, Inc. in their investment, alongside Silver Lake Partners, in Expedia Group, an online travel shopping company for consumer and small business travel.

» more

© 2023 Paul, Weiss, Rifkind, Wharton & Garrison LLP

Privacy Policy