Transactions
& Case Studies

J.G. Wentworth’s Chapter 11 Reorganization

Date Announced:
5/31/2009

client:
J.G. Wentworth

Status:
Closed – 5/2009

Value:
$370 million

Wyle Holdings, Inc.’s sale to Court Square Capital Partners

Date Announced:
5/28/2009

client:
Wyle Holdings, Inc.

Status:
Closed – 6/2009

Value:
Undisclosed

Source Interlink Companies, Inc.' Chapter 11 Reorganization

Date Announced:
5/27/2009

client:
Source Interlink Companies, Inc.

Status:
Closed – 5/2009

Value:
$1.6 billion

Hartmarx Corp.’s 363 Sale

Date Announced:
5/27/2009

client:
Hartmarx Corp.

Status:
Closed – 6/2009

Value:
Undisclosed

Pappas Telecasting Companies' 363 Sale

Date Announced:
5/12/2009

client:
Pappas Telecasting Companies

Status:
Closed – 8/2009

Value:
$264 million

Energizer Holdings, Inc.’s follow-on equity offering

Date Announced:
5/10/2009

client:
Energizer Holdings, Inc.

Status:
Closed – 5/2009

Value:
$535 million Read the case study

Financial advisor, co-manager and underwriter to Energizer Holdings on its $535 million follow-on equity offering

On May 14, 2009, Energizer Holdings, Inc. (“Energizer,” NYSE: ENR), one of the world’s largest manufacturers and marketers of primary batteries, portable lighting products and personal care products in the wet shave, skin care, feminine care and infant care categories, announced the pricing of a public offering of 10.925 million newly issued shares of common stock at a price to the public of $49.00 per share ($535.3 million of gross proceeds). Proceeds were used to fund the acquisition of the Edge and Skintimate shaving gel business from SC Johnson and for general corporate purposes, including the repayment of indebtedness. Moelis & Company served as financial advisor to Energizer in connection with the common stock offering and assisted in evaluating a range of capital structure alternatives. The transaction was highly successful for Energizer, adding two leading personal care brands to its existing product portfolio, strengthening its wet shave product offering, reducing overall leverage and providing adequate capital for the company to pursue strategic initiatives, providing greater financial and operational flexibility, and helping to preserve the strength of its favorable (low cost) debt structure. Moelis & Company served as co-manager and underwriter for the common stock offering.

Sonic Automotive, Inc.’s credit facility and waiver and exchange offer

Date Announced:
5/4/2009

client:
Sonic Automotive, Inc.

Status:
Closed – 5/2009

Value:
$1.3 billion Credit Facility and Waiver; $105 million Exchange Offer

MGM CityCenter’s restructuring of CityCenter project

Date Announced:
4/28/2009

client:
Dubai World

Status:
Closed – 4/2009

Value:
$8.5 billion

Quality Distribution Inc.’s exchange offer

Date Announced:
4/27/2009

client:
Quality Distribution Inc.

Status:
Closed – 10/2009

Value:
$218 million

Wynn Resorts, Limited’s follow-on equity offering

Date Announced:
3/16/2009

client:
Wynn Resorts, Limited

Status:
Closed – 3/2009

Value:
$210 million Read the case study

Financial advisor, co-manager and underwriter to Wynn Resorts on its $210 million follow-on equity offering

On March 17, 2009, Wynn Resorts, Limited (“Wynn”, Nasdaq: WYNN), one of the world’s leading developers, owners and operators of destination casino resorts, priced a public offering of 9,600,000 newly issued shares of its common stock. Including the overallotment option which was exercised, Wynn issued 11,040,000 shares, with total gross proceeds to Wynn of approximately $210 million. Wynn used the proceeds for general corporate purposes, including repayment of debt. Moelis & Company acted as financial advisor, co-manager and underwriter and had a key role in the transaction, originating and securing three anchor investors, which accounted for approximately 60% of the offering.

Westwood One, Inc.’s recapitalization

Date Announced:
3/2/2009

client:
Westwood One, Inc.

Status:
Closed – 4/2009

Value:
$316 million

Aleris International, Inc.’s DIP facility

Date Announced:
2/11/2009

client:
Aleris International, Inc.

Status:
Closed – 3/2009

Value:
$500 million New Money DIP Loan; $575 million ABL DIP Facility

University of Southern California’s acquisition of USC University Hospital and USC Norris Jr. Cancer Hospital from Tenet HealthSystem Medical, Inc.

Date Announced:
2/9/2009

client:
University of Southern California

Status:
Closed – 3/2009

Value:
$275 million

Motor Coach Industries International, Inc.’s Chapter 11 Reorganization

Date Announced:
1/27/2009

client:
Second Lien Agent of Motor Coach Industries International, Inc.

Status:
Closed – 4/2009

Value:
$463 million

Ashton Woods Homes' senior subordinated debt exchange offer, revolving credit facility and equity investment

Date Announced:
1/12/2009

client:
Ashton Woods Homes

Status:
Closed – 1/2009

Value:
$125 million Exchange Offer, $95 million Revolving Credit Facility, $20 million Equity Investment

Transactions &
Case Studies


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