Ed Gabbay is a partner in Kaye Scholer’s Finance Department and head of the Syndicated and Leveraged Finance Practice. The primary focus of his practice is representing financial institutions, private equity firms and other corporate clients in the area of debt finance. He regularly represents clients in a wide spectrum of industries, including the commercial real estate, hospitality and health care sectors as well as financings in more traditional manufacturing and service sectors.
Mr. Gabbay advises on secured and unsecured syndicated loan facilities as well as bilateral financings, in transactions that range in size from tens of millions to billions of dollars. These transactions frequently involve multi-tier capital structures that include senior debt, mezzanine debt, high yield securities and second lien facilities. He has extensive experience with covenant-lite and other cash flow structures and a strong background in traditional asset based finance.
Mr. Gabbay is a member of Kaye Scholer’s Mergers and Acquisitions practice with extensive experience in acquisition finance. He also has extensive experience with debt restructurings and is an active member of the firm’s Creditors Rights practice.
A sample of Ed’s work includes representation of:
- Administrative Agent and Joint Lead Arrangers in a $4 billion multicurrency revolving credit facility extended to one of the world’s largest hospitality companies.
- Administrative Agent and Joint Lead Arrangers in a $1.5 billion multicurrency transaction for a leading REIT engaged in the office/laboratory and technology sector.
- Administrative Agent in a $590 million unsecured term loan facility in support of an acquisition of a portfolio of student housing properties.
- Administrative Agent and “Left” Lead Arranger and Bookrunner in the negotiation of $2 billion revolving credit and term loan facilities to a healthcare real estate investment trust.
- Administrative Agent in a $600 million unsecured revolving credit facility and a $350 million term loan for a diversified real estate management and development company, which was used to execute business strategies as the company transitioned to a REIT status.
- Administrative Agent, Syndication Agent and Joint Lead Arrangers in the negotiation and subsequent refinancing of a $1.5 billion multicurrency revolving credit facility and a $350 million team loan extended to one of the world’s largest hospitality companies.
- Administrative Agent and Mandated Lead Arranger in a £225 million revolving credit facility provided to a UK affiliate of a US-based real estate investment and services company, which permits an increase of the facility to £400 million subject to satisfaction of certain conditions.
- Administrative Agent in an $800 million revolving credit facility extended to an established public REIT focused on office and retail properties in the NY metropolitan area.
- Administrative Agent in a $1 billion revolving credit facility extended to a newly formed public REIT with a portfolio of office properties in large urban markets across the United States.
- Administrative Agent in an $850 million revolving credit and term loan facilities extended to a high-profile REIT investing principally in office properties located in high density markets.
- Administrative Agent in a $1.25 billion revolving credit and term loan facilities extended to a leading net-lease REIT with a global portfolio.
- Administrative Agent in a $500 million delayed draw term loan facility extended to a subsidiary of one of the nation’s largest multifamily residential operators, and in a $500 million accordion exercise increasing the operator’s revolving credit facility to $1.75 billion.
- Administrative Agent in a $1.75 billion unsecured revolving credit facility extended to worldwide operator and franchisor of hotels and related lodging facilities.
- Investor in connection with multi-billion dollar debt and equity investments in one of the nation’s largest operators of multifamily residential units.
- Administrative Agent in a $300 million secured revolving credit facility extended in support of the acquisition of a public REIT.
- Medical imaging firm in connection with $90 million secured term and revolving credit facilities extended in support of a dividend recap transaction.
- Administrative Agent in a $250 million secured revolving credit facility extended in connection with the initial public offering of a REIT.
- Lender in a $125 million bilateral secured term loan facility extended to leading international hotel operator in support of an asset acquisition.
- Lender in connection with restructuring of multi-billion dollar CMBS mortgage and mezzanine facilities extended to prominent casino operator.
- Leading North American sales and marketing firm in connection with $985 million secured term and revolving credit facilities and related dividend recap transaction.
- Leading provider of emergency care services in connection with $575 million secured term and revolving credit facilities.
- International retailer in connection with $125 million asset based revolving credit facility.
In The Market
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- Kaye Scholer’s Global Capabilities Recognized in IFLR1000 2015 October 27, 2014 • Recognitions