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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
Roark to Sell and Convert Its Convertible Preferred Stock in The Cheesecake Factory
- Client News
- June 10, 2021
Paul, Weiss is advising affiliates of Roark Capital in the sale and conversion of their convertible preferred stock in The Cheesecake Factory Incorporated, a California-based experiential dining company. The Cheesecake Factory that it has entered into an agreement with Roark to repurchase and convert all of the convertible preferred stock held by Roark. The Cheesecake Factory will finance the repurchase of the convertible preferred stock by issuing $300,000,000 aggregate principal amount of convertible senior notes due 2026 and $175,000,000 of common stock in separate public offerings.
Paul, Weiss previously advised Roark in its $200 million convertible preferred stock investment in April 2020.
The Paul, Weiss team includes corporate partners Jeffrey Marell, Sarah Stasny and Monica Thurmond; and tax partners Scott Sontag and Patrick Karsnitz.