Davis Polk & Wardwell LLP
Jason Kyrwood
Partner
+1 212 450 4653
jason.kyrwo[email protected]
Mr. Kyrwood is co-head of Davis Polk’s Finance Group. He regularly advises
financial institutions and alternative credit providers on a full range of financial
products, from large-cap syndicated loans to smaller direct lending
transactions. Advising on over half a trillion dollars of transactions since 2015,
Mr. Kyrwood has broad exposure to the global banking market and its industry
participants, including deep experience in leveraged and investment-grade
acquisition financings, bridge financings, LBOs, cross-border financings,
restructurings and recapitalizations.
Mr. Kyrwood has represented lenders in connection with some of the largest and
most complex investment grade acquisition financings over the last few years,
including the over $38 billion financing for AbbVie’s acquisition of Abbott, $33.5
billion financing for Bristol Myers Squibb’s acquisition of Celgene and Cigna’s
$26.7 billion financing for its acquisition of Express Scripts, among many others.
He also represented Comcast in its £22 billion financing for its acquisition of Sky.
He also represents financial institutions in LBO financings across from some of
the world’s largest and most sophisticated financial sponsors. Recent transaction
include the $8.05 billion financing for KKR’s acquisition of Envision Health Care,
$4.025 billion financing of Brand Energy & Infrastructure Services’ (a CD&R
portfolio company) acquisition of Safway Group, the $4.5 billion financing for CC
Capital’s acquisition of the Dun & Bradstreet Corporation and the $3.35 billion
financing for Brookfield’s acquisition of Genesee & Wyoming. He also represents
lenders in leveraged corporate transactions, including the $4.15 billion financing
for the acquisition by United Natural Foods of Supervalu, Inc.
Mr. Kyrwood is recognized in Chambers Global and Chambers USA as a leading
lawyer, and has received numerous honors, including being named
“Transatlantic Dealmaker of the Year” (2016) and Dealmaker of the Year(2014,
2020) by The American Lawyer, “Rising Star" by New York Law Journal (2015)
and Law360 (2011), and one of The M&A Advisor’s “40 Under 40” (2012). He is
also a regular speaker and author on leveraged finance matters.
Work Highlights
Notable Large-Cap Leveraged Financings
$34.35 billion exit financing for PG&E Corporation
$5.79 billion financing for Bausch Health (formerly Valeant Pharmaceuticals)
$4.58 billion financing for CC Capital's acquisition of The Dun & Bradstreet
Corporation
$4.15 billion financing for United Natural Foods' acquisition of Supervalu
Bar Admissions
State of New York
Education
B.Com., Murdoch University,
1997
first-class honours
LL.B., Murdoch University School
of Law, 1998
first-class honours
Jason Kyrwood (cont.)
Davis Polk & Wardwell LLP
$4.025 billion financing for Brand Energy & Infrastructure Services’ (a CD&R
portfolio company) acquisition of Safway Group
$3.25 billion exit financing for Avaya Holdings
$3.13 billion financing for Brookfield's acquisition of Genesee & Wyoming Inc.
$3.1 billion financing for InVentiv’s merger with INC Research
$2.055 billion financing for Edelman Financial's acquisition of Financial
Engines
$2.0 billion term loan B financing for Clear Channel Outdoor Holdings, Inc.
$2 billion financing for Altra Industrial Motion's acquisition of Fortive
automation and specialty assets
$2 billion financing for Apollo’s LBO of McGraw-Hill
$1.82 billion financing for Lightstone Generation’s (a Blackstone and Arclight
joint venture) acquisition of assets from American Electric Power
$1.185 billion financing for Partners Group (USA) Inc.’s acquisition of Eyecare
Partners, LLC
$1.18 billion financing for Centerbridge Partners acquisition of Civitas
Notable Investment-Grade Financings
$63 billion bridge financing for Verizon’s acquisition of Verizon Wireless
$38 billion investment grade public bridge financing
$33.5 billion public acquisition financing
$26.7 billion financing for Cigna's acquisition of Express Scripts Holding
Company
£22 billion financing for Comcast's acquisition of the entire share capital of Sky
$18 billion bridge financing for AbbVie’s acquisition of Pharmacyclics
$17 billion bridge financing for Abbott’s acquisition of St. Jude
$12 billion bridge financing for Molson Coors' acquisition of SAB Miller assets
$9.6 billion financing for Discovery Communications' acquisition of Scripps
Networks
$9.5 billion financing for Fidelity National Information Services' acquisition of
Worldpay
$8.5 billion financing for General Mills' acquisition of Buffalo Pet Products
Notable Direct Lending Transactions
$310 million financing for the Addison Group
$642 million financing by Arcmont Asset Management for Vista Equity
Partners’ acquisition of Accelya
$285 million and $20.5 million financing for Miller’s Ale House Inc.
Jason Kyrwood (cont.)
Davis Polk & Wardwell LLP
£200 million first lien and £115 million second lien financing by PIA for
Advanced Computer Software Group
$100 million financing by Golub Capital, LLC for Navex Global
$575 million financing by Owl Rock Capital Advisors LLC for Definitive Health
$185 million financing by Benefit Street for an acquisition of University of St.
Augustine by Atlas Partners
$127 million second lien financing by PIA for Justrite Manufacturing
$95 million financing by PIA for Renaissance Learning
Recognition
Mr. Kyrwood is consistently recognized for his work in the legal industry:
Chambers Global Banking & Finance (USA)
Chambers USA Banking & Finance (Nationwide)
IFLR1000 Banking (US)
Who's Who Legal Banking (USA) | Thought Leader
Best Lawyers Banking and Finance (New York)
The American Lawyer Transatlantic Financial Dealmaker of the Year | 2016
The American Lawyer Dealmaker of the Year | 2014, 2020
New York Law Journal Rising Star | 2015
The M&A Advisor 40 Under 40 | 2012
Law360 Rising Star | 2011
Of Note
Member, Finance Advisory Board, Practical Law Company
Co-Chair, Practising Law Institute's 2020 Leveraged Financing program
Co-Chair, Practising Law Institute's 2019 Leveraged Financing program
Represented the Loan Syndications and Trading Association (LSTA) in the
preparation of its revised Model Credit Agreement Provisions
Practising Law Institute | Leveraged Financing (2017-2019)
Practical Law Company | Direct Lending (2020)
Practical Law Company | Current Trends in Loan Terms: Large Cap and
Middle Market Loans (2012-2018)
Author of "Credit Default Swaps and Syndicated Financings", "Dealing with
Difficult Syndications or Long Dated Commitments in the Term Loan B
Market", "Considerations for Using Incremental Facilities to Finance
Acquisitions" among numerous other publications.
Speaker | LSTA 24th Annual Conference
Jason Kyrwood (cont.)
Davis Polk & Wardwell LLP
Speaker | LSTA Webinar | Direct Lending and The Syndicated Loan Market:
Parts 1 and 2
Speaker | LSTA Webinar | Main Street Lending Program 3.0
Speaker | LSTA Webinar | The Main Street Loan Program 2.0: A First Look
Speaker | LSTA Webinar | COVID-19 Outbreak And Credit Agreements Recap
“A Fresh Look At Acquisition Financing Terms”, International Financial Law
Review
“COVID-19: Loan Agreement Considerations for Corporate Borrowers”,
Practical Law
“Borderless Solutions”, International Financial Law Review
“LSTA 2014 Publications Explained: Revised MCAPs, Cashless Rolls and
Fronting Letters”, Practical Law
“Acquisition Financing in 2010: A Review of Market Trends”, Practical Law
Professional History
Partner, 2009-present
Associate, Davis Polk, 2000-2009
Associate, Allen Allen & Hemsley (Sydney, Australia),1998-2000