Michelle Gasaway represents corporate and REIT clients, investment banks and private equity funds in a variety of corporate finance and capital markets transactions, including public and private offerings of high-yield debt, investment grade debt and equity securities, private equity investments, tender offers, exchange offers, corporate restructurings, consent solicitations, spin-offs, rights offerings, and acquisition and greenfield financings. She also counsels corporate clients on an ongoing basis, assisting with the review and preparation of SEC filings and advising with respect to disclosure issues, corporate governance, securities law compliance and other corporate matters. Ms. Gasaway’s representations span a variety of industries, including gaming, real estate, energy services, health care and consumer goods.
Significant representations in which Ms. Gasaway has been involved include:
- Select Income REIT in its $1.45 billion registered offering of senior notes to fund, in part, its acquisition of Cole Corporate Income Trust, Inc.
- The Providence Service Corporation in its debt financing for its acquisition of Matrix Medical Network.
- CareTrust REIT, Inc. in its $260 million offering of senior notes in connection with its spin-off from The Ensign Group, Inc.
- Penn National Gaming, Inc. and Gaming and Leisure Properties, Inc. (GLPI) in $2.35 billion of note offerings in connection with Penn’s spin-off of GLPI, which was the first-ever tax-free spin-off of a “PropCo” REIT and the first gaming-focused REIT.
- Joh. A. Benckiser GmbH in connection with the equity financing of its $9.8 billion acquisition of D.E Master Blenders.
- The underwriters in the $850 million registered offering of senior notes by Crown Castle International Corp.
- The initial purchasers in multiple registered offerings of senior notes by Fidelity National Information Services, Inc.
- Modular Space Corporation, a portfolio company of Calera Capital, in its $375 million offering of senior secured second-lien notes.
- The initial purchasers in the $750 million offering of senior notes by The Howard Hughes Corporation.
- J.C. Penney Company, Inc. in multiple registered offerings of senior notes and common stock and related tender offers.
- O’Reilly Automotive, Inc. in its holding company reorganization and more than $1 billion of registered offerings of senior notes.
- EMC Corporation in its $5.5 billion registered offering of senior notes.
- Occidental Petroleum Corporation in more than $7 billion of registered offerings of senior notes.
- American Apparel, Inc. in its $206 million offering of senior secured notes and its offering of 61 million shares of common stock.
- Serge Azria and Dutch, LLC in a majority investment by TA Associates in Dutch, the global fashion company behind the JOIE, Equipment and Current/Elliott brands.
- The initial purchasers in the €325 million offering of senior secured notes by an Onex acquisition subsidiary to finance the acquisition of the KraussMaffei Group.
- The initial purchasers in the $1.02 billion offering of senior and senior subordinated notes by WideOpenWest Finance, LLC to finance the acquisition of Knology, Inc. and subsequent add-on financing.
- Revel AC, Inc. in its $1.15 billion debt financing with warrants to fund the completion of construction, opening and operations of Revel’s Atlantic City casino resort.
- The underwriters in the $2.3 billion registered common stock offering by General Growth Properties, Inc. following its emergence from bankruptcy (the largest U.S. real estate bankruptcy at the time) and its subsequent $250 million offering of cumulative redeemable preferred stock.
- DineEquity, Inc. in its $1.8 billion refinancing of securitized debt and preferred stock with a new credit facility and senior unsecured notes and a tender offer for the securitized debt.
- Delphi Corporation in its $3.9 billion registered rights and warrant offerings in connection with its restructuring.
- Wynn Resorts and its affiliates in multiple first mortgage note offerings under Rule 144A and Regulation S and multiple common stock offerings.
- Penn National Gaming, Inc. in multiple notes offerings under Rule 144A and Regulation S.
J.D., Harvard Law School, 1997 (cum laude)
M.B.A., University of Georgia, 1994 (summa cum laude)
B.S., University of Georgia, 1993 (summa cum laude)
Executive Committee, Los Angeles County Bar Association, Business & Corporations Law Section
Member, American Bar Association; Business Law Section; Business Financing, Gaming Law and Mergers & Acquisitions Committees