Andrew D. Baker
Partner
New York
andrew.baker@lw.com
+1.212.906.1611
PRACTICES
- Banking
- Capital Markets
- Private Equity Finance
INDUSTRIES
- Energy & Infrastructure
- Hospitality, Gaming & Leisure
- Retail & Consumer Products
EDUCATION
- JD, New York University School of Law, 2009
- BA, New York University, 2006
with high honors
LANGUAGES SPOKEN
PROFILE
Andrew Baker is a partner in the Capital Markets Practice who leverages his deep experience of debt capital markets to provide clients with strategic commercial advice. Andrew maintains a broad-based capital markets practice representing sponsors, issuers and investment banks in high-yield and investment grade debt offerings, acquisition financing, bridge financings, exchange offers, tender offers and consent solicitations. Andrew has closed several hundred transactions with an aggregate market value approaching one trillion dollars.
Andrew regularly represents sponsors, issuers, and investment banks in connection with the following types of transactions:
- High-yield debt offerings
- Investment grade debt offerings
- Convertible notes offerings
- Bridge facilities
- Committed acquisition financing
- Equity offerings
- Initial public offerings
- Exchange offers
- Tender offers
- Consent solicitations
- Other creative liability management solutions
He regularly advises public and private company and sponsor clients on debt issuances, general corporate matters, debt offerings, securities and stock exchange rules, and corporate governance issues.
Andrew’s work covers a wide array of sectors including chemicals, healthcare, food products, aviation, financial institutions, casino gaming, pharmaceuticals, technology, automotive, insurance, consumer lending, mining, energy, oil and gas, retail, specialty products, and telecommunications.
EXPERIENCE
Andrew’s experience includes representing:
- The initial purchasers in Citadel Limited Partnership’s senior notes offering totaling US$1 billion
- The financing sources in Patient Square Capital’s US$4.1 billion acquisition of Patterson Companies
- The initial purchasers in two senior notes offerings totaling US$1.25 billion for Icahn Enterprises
- PL Developments in its US$368.5 million exchange offer in connection with its refinancing
- Inmarsat in its upsized US$1.975 billion senior secured notes offering
- The underwriters in Mastercard’s US$3 billion notes offering
- Staples in its US$2.375 billion senior secured notes offering, exchange offer, and term loan refinancing
- The dealer managers and initial purchasers in Spectrum Brands’ US$925 million tender offer and US$300 million new exchangeable senior notes offering
- The dealer managers in connection with Staples’ exchange offer for outstanding US$854 million senior notes and consent solicitation
- The underwriters in Mastercard’s US$1 billion bond offering
- The initial purchasers in an upsized US$675 million senior notes offering by Hudson Automotive Group
- The lenders supporting Osaic’s acquisition of Lincoln Wealth
- The lenders in the financing to support the sale of Truist Financial Corporation’s remaining stake in Truist Insurance Holdings to an investor group, with an enterprise value of US$15.5 billion
- The initial purchasers in US$500 million and €230 million senior secured notes offerings by Copeland
- Realty Income Corporation in its US$2.6 billion exchange offer and consent solicitations by Spirit Realty, L.P.
- The initial purchasers in US$2.175 billion and £600 million senior secured notes offerings to support GTCR’s acquisition of a majority stake in Worldplay from FIS
- Five Point in its US$625 million exchange offer and related support agreement
- The initial purchaser in two senior notes offerings totaling US$700 million for Icahn Enterprises
- Realty Income in its exchange offers supporting its US$50 billion merger with VEREIT
- Viasat in its US$733.4 million bridge facility and related senior notes offering
- The administrative agent and lead arrangers in kdc/one’s US$1.8 billion cross-border refinancing
- Evertec in its US$660 million acquisition of Sinqia
- Landsea Homes Corporation in its private placement of US$250 million in senior unsecured notes
- The underwriters in Mastercard’s US$1.5 billion notes offerings
- The initial purchasers in US$2.275 billion and €455 million senior secured notes offerings to support Blackstone’s acquisition of a majority stake in Copeland
- VistaJet in its US$1 billion senior notes offering and subsequent US$500 million senior notes offering
- Barclays Capital in connection with multiple senior notes offerings by Kaiser Aluminum
- The initial purchaser in Morgan Automotive Group’s US$700 million senior notes offering and a US$350 million tack-on senior notes offering
- The initial purchasers in Citadel Finance’s US$600 million senior notes offering
- The underwriters in Mastercard’s US$600 million sustainability bond and US$700 million senior notes offering
- The underwriter and initial purchasers in Turning Point Brands’ registered block trade and US$250 million senior secured notes offering
- The initial purchasers in United Wholesale Mortgage’s US$800 million senior notes offering
- The initial purchasers in the US$800 million senior notes offering for MGM Growth Properties
- The underwriters in the US$400 million senior notes offering for G-III Apparel Group
- Novelis Corporation in its US$1.6 billion senior notes offering
- The initial purchasers in two senior notes offerings totaling US$1.25 billion and the subsequent US$250 million tack on offering for Asbury Automotive Group
- The initial purchasers in the US$250 million senior notes offering for Flexential Intermediate Corporation
- Mastercard Incorporated in three senior notes offerings totaling US$4 billion
- Jefferies in connection with the US$420 million senior secured notes offering by Brightstar
- Bank of America in connection with the US$325 million senior secured notes offering by Southeastern Grocers
- JP Morgan in connection with the US$500 million senior secured notes offering by Clarios Global
- Credit Suisse in connection with the US$500 million senior secured notes offering by Tronox
- Managers in the US$500 million exchange offer and consent solicitation by Helmerich & Payne
- Partners Group (USA) and Charlesbank Capital Partners in connection with a US$350 million senior notes offering by Matterhorn Merger Sub and Matterhorn Finance Sub used to finance the acquisition of Hearthside Food Solutions
- Citigroup Global Markets in connection with a US$615 million senior notes offering by Tronox
- UBS Securities in connection with a US$635 million senior secured notes offering by Guitar Center Escrow Issuer and a related US$320 million senior notes exchange offer by Guitar Center
- UBS Securities in connection with a US$500 million senior notes offering by Citadel Limited Partnership
- RBC Capital Markets in connection with a US$1.15 billion senior notes offering to finance Apollo Global Management’s acquisition of West
- Citigroup Global Markets in connection with a US$450 million senior notes offering by Tronox Finance
- Merrill Lynch, Pierce, Fenner & Smith in connection with a US$748 million offering of common stock of Incyte
- J.P. Morgan Securities in connection with a US$350 million senior notes offering by MGM Growth Properties Operating Partnership and MGP Finance Co-Issuer used to finance the acquisition of MGM National Harbor
- Jefferies in connection with a US$760 million exchange offer by DFC Finance
- Merrill Lynch, Pierce, Fenner & Smith, J.P. Morgan Securities, Morgan Stanley & Co., and Evercore Groupin connection with the initial public offering of MGM Growth Properties
- J.P. Morgan Securities in connection with a US$1.1 billion senior notes offering by MGM Growth Properties Operating Partnership and MGP Escrow Co-Issuer used to finance the formation of MGM Growth Properties
- Credit Suisse Securities (USA) in connection with a US$440 million senior notes offering by Kraton Polymers and Kraton Polymers Capital used to finance the acquisition of Arizona Chemical Holdings
- UBS Securities in connection with a US$600 million senior unsecured bridge facility and related US$600 million senior notes offering by Tronox Finance used to finance the acquisition of the alkali chemicals business of FMC
- Goldman, Sachs & Co. in connection with a US$100 million convertible notes offering by Immunomedics
- Cognizant Technology Solutions in connection with a US$1.0 billion senior unsecured bridge facility used to finance the acquisition of TriZetto
- Merrill Lynch, Pierce, Fenner & Smith in connection with the initial public offering of Metaldyne Performance Group
- Merrill Lynch, Pierce, Fenner & Smith in connection with a US$630 million senior secured revolver and term loan and a US$270 million bridge facility used to finance the acquisition of York Risk Services Group by Onex
- Jefferies in connection with a US$800 million senior secured notes offering by DFC Finance used to finance the acquisition of DFC Global by Lone Star Funds
- RBC Capital Markets in connection with a US$315 million senior secured second lien notes offering by AuRico Gold
- Goldman, Sachs & Co. in connection with a US$600 million senior notes offering for WellCare Health Plans
- Sabine Pass Liquefaction in connection with a US$1.0 billion senior secured notes offering
- Citigroup Global Markets in connection with a US$1.0 billion senior secured notes offering for Solar Star Funding
- Deutsche Bank Securities in connection with a US$500 million and US$750 million investment grade notes offering for The TJX Companies
- Deutsche Bank Securities in connection with a US$735 million senior secured second lien notes offering and related convertible notes tender offer for Alliance One International
- Goldman, Sachs & Co. in connection with a US$400 million and US$350 million senior notes offering for Supervalu
- Althlon Holdings and Athlon Finance in connection with a US$500 million senior notes offering
- Seitel in connection with a US$250 million senior notes offering and related A/B exchange offer
- Watson Pharmaceuticals in connection with a US$6.0 billion term loan and bridge facility and related US$3.9 billion senior notes offering
- Morgan Stanley & Co. and Credit Suisse Securities (USA) in connection with a US$430 million senior secured notes offering for Palace Entertainment Holdings
- Jefferies & Company in connection with a US$200 million senior notes offering for Icahn Enterprises
- Barclays Capital in a US$150 million senior notes offering for The Hillman Group
- RHI Entertainment in connection with a US$15 million secured debtor in possession facility
- Credit Suisse Securities (USA) and Jefferies & Company in connection with the initial public offering of Luxfer Holdings
- Deutsche Bank Securities in connection with a secondary offering of common stock for Rockwood Holdings