Overview
Stephen Gruendel is a partner in the Global Finance practice at Paul Hastings and is based in the firm’s New York office.
Stephen represents leading direct lenders, investment banks, institutional investors and commercial banks in connection with private credit financings, syndicated institutional loans, asset-backed loans and bridge loans, and commitments to finance acquisitions, leveraged buyouts, going-private transactions, recapitalizations and exit financings.
Stephen also advises underwriters and initial purchasers in connection with public and private capital markets transactions, including secured and unsecured high-yield debt securities and related tender offers, exchange offers and consent solicitations. He also has experience representing borrowers and lenders in complex financing arrangements including securitizations and other structured financings.
Accolades
- Recognized, Ones to Watch, Securities / Capital Markets Law, Best Lawyers
Representations
- Financing sources for Thoma Bravo’s approximately $2 billion acquisition of Olo Inc.
- RBC Capital Markets as administrative agent on the financing for Silver Lake Partners’ and GIC Pte. Ltd.’s $1.7 billion take-private of Zuora, Inc. (NYSE: ZUO), a modular software and monetization platform
- The financing sources in $1.175 billion of debt financings, consisting of a $600 million notes offering and $575 million term loan facility, to finance S&S Activewear’s acquisition of alphabroder
- Private credit lenders on the $3.8 billion financing for Carlyle’s acquisition of Vantive, Baxter International’s kidney-care unit
- Blue Owl Credit, Blackstone Alternative Credit, and Ares Capital in Permira’s $7.2 billion all-cash acquisition of website design platform Squarespace. With the completion of the transaction, Squarespace will become a privately held company
- Goldman Sachs in Thoma Bravo’s $5.3 billion all-cash acquisition of UK-based AI cybersecurity company Darktrace. With the completion of the transaction, Darktrace will become a privately held company
- Golub Capital, as administrative agent, on a unitranche facility to finance the acquisition by CVC Capital Partners of Radwell International and its subsidiaries
- Goldman Sachs and the other initial purchasers in connection with a $775 million notes offering in connection with Sealed Air’s acquisition of Liqui-Box
- Lead arrangers providing <$12 billion credit facility to finance Blackstone Group’s acquisition of a 55% stake in Refinitiv from Thomson Reuters Corp.
- Initial purchasers and underwriters in multiple registered and Rule 144A notes offerings for subsidiaries of Charter Communications, Inc. totaling over $40 billion, including to finance in part Charter’s acquisition of Time Warner Cable