S. Neal McKnight

Partner at Sullivan & Cromwell LLP

S. Neal McKnight

S. Neal McKnight

Partner at Sullivan & Cromwell LLP

Biography

Neal is co-head of the Firm’s Finance and Restructuring Group and co-head of the Firm’s Credit and Leveraged Finance practice.

Mr. McKnight advises corporate, sponsor and financial institution clients on a broad range of debt financing transactions, including capital markets offerings, revolver and term loan facilities, bridge facilities, receivables and asset-based facilities and securitizations. He has particular expertise in acquisition financings. Mr. McKnight has also acted in a number of refinancing and recapitalization transactions in the bank and bond markets, as well as financings in distressed contexts.

Mr. McKnight’s securities experience includes debt and equity offerings (including high yield debt offerings) under Rule 144A and Regulation S, SEC-registered offerings, exchange offers, project and infrastructure bonds and structured financings. He has also acted in a number of M&A and joint venture transactions. Mr. McKnight’s clients have included AT&T, Barclays, Crescent Capital, Gartner, Goldman Sachs, INC Research, Ontario Teachers’ Pension Plan Board, Rhône Capital, United Rentals and Versa Capital.

Mr. McKnight was resident in the Firm’s London office for almost 10 years, returning to the New York office in 2008. He has extensive experience in cross-border and multi-jurisdictional financing and M&A transactions.

Recognitions

* The Legal 500 United States (2012-2015, 2017-2018)
* IFLR1000 Market Leader (2011-2018)

SELECTED REPRESENTATIONS
Selected Acquisition Financing Transactions
* Acted for AT&T in its $40 billion bridge loan to finance AT&T’s $85 billion acquisition of Time Warner (This is the fifth-largest bridge loan of all time according to Bloomberg.)
* Acted for Bayer in a $57.0 billion bridge loan to finance Bayer’s $66 billion acquisition of Monsanto Company (This is the largest bridge loan in 2016 and the third-largest bridge loan of all time according to Bloomberg.)
* Acted for Gartner, Inc. in connection with the financing for its acquisition of CEB Inc., including the amendment and restatement of its existing $1.785 billion revolving credit facility and term loan A facility, and its new $1.375 billion term loan B facility, $300 million 364-day credit facility and $600 million high-yield notes offering
* Acted for Syneos Health, a leading global Phase I–IV Contract Research Organization (CRO), in financing matters in connection with its merger with inVentiv Health, Inc.
* Acted for Canada Pension Plan Investment Board, OMERS Infrastructure Management and Ontario Teachers’ Pension Plan Board on the $1.3 billion financing for their acquisition of Chicago Skyway toll road from Cintra and Macquarie
* Acted for Crescent Capital in a number of mezzanine finance transactions to fund acquisitions
* Acted for financial sponsors in connection with the financings for bids or acquisition transactions for a number of entities, including Zodiac, PODs, Ranpak, Global Knowledge, Sport Chalet, CPG International, CSM Bakery Division and Seacube
* Acted for financial institutions in connection with financings for a number of acquisition transactions
* Represented InBev in a series of debt securities offerings with aggregate proceeds of $16.75 billion to refinance a portion of the acquisition debt incurred for the purchase of Anheuser-Busch
* Acted for Rhône Capital in its $670 million of senior secured term facilities and its $130 million asset-based revolver to acquire Zodiac Pool Solutions from Carlyle Group
* Acted for United Rentals in a number of financings to fund acquisitions, including the $2.825 billion offering of secured and unsecured high yield notes and expansion of its $1.8 billion asset-based revolving credit facility to finance a portion of the purchase price for its acquisition of RSC Equipment Rental, and financings for the acquisition of Neff Corporation
Selected Corporate Financing Transactions
* Acted for Alcatel-Lucent in a series of high yield notes offerings, a new revolving credit facility, and an amendment to its existing secured credit facility
* Acted for American Casino & Entertainment Properties LLC in a series of refinancing transactions, including its recent $310 million revolving credit facility and term loan B
* Represented Canyon Capital Group in the financing of credit facilities for Bonten Media Group Inc. and Esteem Broadcasting LLC
* Represented CPPIB Credit Investments in connection with private equity firm Advent International to restructure certain indebtedness of RGL Reservoir Management, a portfolio company of Advent
* Acted for CPPIB and Guggenheim Partners Investment Management, LLC, as lenders, in a $350 million senior secured term loan facility, which includes both a Euro tranche and a USD tranche, for Alltech, Inc. and its subsidiary, All-Technology (Ireland) Limited
* Acted for Crescent Capital Group, as lender’s counsel, in a senior secured second lien credit facility to partially finance GTCR’s acquisition of Vivid Seats LLC
* Acted for Crescent Capital Group, as lender’s counsel, in Onvoy LLC’s $130 million senior secured second lien credit facility to finance Onvoy LLC’s acquisition of Inteliquent, Inc.
* Acted for Delaware Life Insurance Company, Guggenheim Life and Annuity and DL Reinsurance Company, as lenders, in a $280 million credit facility to Mammoth Mountain ski Area and Snow Summit LLC
* Acted for Fender Musical Instruments Corporation in amendment transactions for its revolver and term loan facilities
* Acted for the lenders in a refinancing and dividend recapitalization by Five Below
* Represented Gartner Inc. in its $1.8 billion term loan and revolving credit facility
* Acted for Harris Corporation in connection with its $3.4 billion term loan and bridge loan, and subsequent $1 billion revolving credit facility
* Acted for kgb in connection with amend and extend and refinancing transactions for its revolver and term loan facilities
* Represented LSC Communications in its $375 million senior secured term loan B facility, $400 million senior secured first-out revolving credit facility, and $450 million Rule 144A/Reg S offering of high-yield notes in connection with its tax-free spin-off from RR Donnelley & Sons Company. LSC Communications is now listed on the NYSE.
* Acted for PODS Enterprises Inc. on its $170 million term loan B
* Acted for a lender in connection with financing for the spin-off by Sara Lee of D.E. Master Blenders
* Acted for the initial purchasers in the issuance by Sotheby’s of high yield notes
* Acted for the initial purchasers and lenders in the $1.8 billion refinancing by Tervita Corporation of existing debt with the proceeds of new revolving and term loan facilities and secured high yield notes, and in a follow-on refinancing by Tervita
Selected Reorganization and Distressed Financing Transactions
* Lead financing lawyer for Eastman Kodak for its $950 million debtor-in-possession facility, $830 million junior debtor-in-possession facilities and its exit financing facilities
* Acted for the lead senior lender for Emmis Communications during its restructuring
* Regularly advises lenders and investors regarding documentation and other issues relating to different distressed credits
Other Transactions
* Acted on a number of natural resources and infrastructure financings for, among others, affiliates of BP, Chevron, ExxonMobil, KMG, Lukoil, Shell, Total and Transneft

Overview
RelSci Relationships

1005

Number of Awards

1

Contact Data
Trying to get in touch with S. Neal McKnight? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Relationships
RelSci Relationships are individuals S. Neal McKnight likely has professional access to. A relationship does not necessarily indicate a personal connection.

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Secretary & Member-Governors Board at American Hospital of Paris

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Special Counsel at Sullivan & Cromwell LLP

Relationship likelihood: Strong

Partner at Sullivan & Cromwell LLP

Relationship likelihood: Strong

In The News
The Deal Pipeline
February 6, 2015
Harris in $4.7B takeover of Exelis
The Deal Pipeline
December 22, 2014
Arcapita unloads PODS
Paths to S. Neal McKnight
Potential Connections via
Relationship Science
You
S. Neal McKnight
Partner at Sullivan & Cromwell LLP
Education
JD
Class of 1996

Founded by Thomas Jefferson in 1819, the University of Virginia School of Law is a world-renowned training ground for distinguished lawyers and public servants. Consistently ranked among the top law schools in the nation, Virginia has educated generations of lawyers, instilling in them a commitment to leadership, integrity and community service. Virginia is justly famous for its collegial environment that bonds students and faculty, and student satisfaction is consistently cited as among the highest in American law schools. At Virginia, law students share their experiences in a cooperative spirit, both in and out of the classroom, and build a network that lasts well beyond their three years here. With more than 20,000 students and a faculty of more than 2,100, the University of Virginia has been ranked first or second among the nation's public universities since 1984. The University's diverse intellectual life is open to law students: Up to 12 credits from other departments may be counted toward the J.D. degree.

MPA
Class of 1996

The Woodrow Wilson School of Public and International Affairs is a professional public policy school at Princeton University. The school has granted undergraduate A.B. degrees since 1930 and graduate degrees since 1948. The School of Public and International Affairs, as it was originally named, was founded at Princeton in 1930, created in the spirit of Woodrow Wilson's interest in preparing students for leadership in public and international affairs.

BA
Class of 1990

The University of North Carolina at Chapel Hill also known as UNC, UNC-Chapel Hill, Chapel Hill, North Carolina, or simply Carolina is a coeducational public research university located in Chapel Hill, North Carolina, United States. North Carolina has been consistently ranked among the highest ranked universities in the United States and is one of the original eight Public Ivy schools that provide an Ivy League experience for a public schooling price. After being chartered in 1789, the university first began enrolling students in 1795, which allows it to be one of three schools to claim the title of the oldest public university in the United States.

Career History
Partner
Current

Sullivan & Cromwell provides legal advisory services to financial, healthcare, insurance, real estate, energy, other sectors.

Political Donations
$500
2012

Former Governor of Nebraska

Transactions
Details Hidden

Spirit AeroSystems Holdings, Inc. purchases Bombardier, Inc. /Aerostructure Business from Bombardier, Inc.

Details Hidden

Fiserv, Inc. purchases First Data Corporation

Details Hidden

United Rentals, Inc. purchases Blueline Rental LLC from Platinum Equity Advisors LLC

Awards & Honors
Admitted to the New York Bar
Other Affiliations

S. Neal McKnight is affiliated with Sullivan & Cromwell LLP

This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by S. Neal McKnight. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of S. Neal McKnight's profile does not indicate a business or promotional relationship of any kind between RelSci and S. Neal McKnight.