Transactions – Page 38 – Moelis & Company

Metals USA, Inc.’s initial public offering

Date Announced:
04/07/2010

client:
Metals USA, Inc.

Status:
Closed – 04/2010

Value:
$240 million

New Vision Television, Inc.’s senior secured credit facility

Date Announced:
03/29/2010

client:
New Vision Television, Inc.

Status:
Closed – 03/2010

Value:
$35 million

Carson Real Estate Companies’s purchase of a loan secured by large automotive company

Date Announced:
03/10/2010

client:
Carson Real Estate Companies

Status:
Closed – 03/2010

Value:
$130 million

Metro Bank Plc’s private placement

Date Announced:
03/04/2010

client:
Metro Bank Plc

Status:
Closed – 03/2010

Value:
£75 million

Affinity Group, Inc.’s first lien senior secured financing

Date Announced:
02/28/2010

client:
Affinity Group, Inc.

Status:
Closed – 03/2010

Value:
$166 million

YRC Worldwide, Inc.’s private placement of senior unsecured convertible notes

Date Announced:
02/22/2010

client:
YRC Worldwide, Inc.

Status:
Closed – 02/2010

Value:
$70 million

The Reader’s Digest Association, Inc.’s floating rate senior secured notes offering

Date Announced:
02/09/2010

client:
Steering Committee of Secured Lenders of The Reader’s Digest Association, Inc.

Status:
Closed – 02/2010

Value:
$525 million

Beazer Homes USA, Inc.’s common stock and mandatory convertible notes offering

Date Announced:
01/05/2010

client:
Beazer Homes USA, Inc.

Status:
Closed – 01/2010

Value:
$103 million Common Stock, $58 million Mandatory Convertible Notes

YRC Worldwide, Inc.’s exchange offer

Date Announced:
12/30/2009

client:
YRC Worldwide, Inc.

Status:
Closed – 12/2009

Value:
$470 million Read the case study

Trusted advisor to YRC Worldwide Inc.

On December 31, 2009, YRC Worldwide Inc. (“YRC,” Nasdaq: YRCW) completed a $470 million debt-for-equity exchange offer, which resulted in a significantly improved liquidity profile. On February 23, 2010, Moelis & Company executed a private placement of $70 million of 6% Convertible Senior Notes. Proceeds from the issuance were used to satisfy the remaining amounts outstanding on the company’s 8 1/2% Guaranteed Notes due April 15, 2010, with excess proceeds available to be used for general working capital purposes. The two transactions were part of a broad restructuring effort which also included ABS facility, credit facility and union agreement amendments and provided YRC with runway to execute its business plan. Moelis & Company acted as financial advisor, joint lead dealer manager and joint lead placement agent on the transactions and continues to serve as financial advisor on YRC’s broader restructuring efforts.

Clear Channel Outdoor, Inc.’s notes offering

Date Announced:
12/17/2009

client:
Clear Channel Outdoor, Inc.

Status:
Closed – 12/2009

Value:
$2.5 billion

ING Industrial Fund’s equity capital raising and capital management initiatives

Date Announced:
10/26/2009

client:
ING Industrial Fund

Status:
Closed – 11/2009

Value:
A$700 million Read the case study

Financial advisor to ING Industrial Fund on its A$700 million equity capital raise and capital management initiatives

On November 27, 2009 ING Industrial Fund (ASX:IIF), an externally managed ASX listed real estate investment trust that develops, owns and manages a diversified portfolio of over 60 industrial properties and business parks, completed an A$700 million equity capital raise to pay down debt and restructure its balance sheet as the second stage of its capital management initiatives. The equity raise was comprised of a one for one A$544 million accelerated non-renounceable entitlement offer and an A$156 million institutional placement. The transaction reduced pro forma balance sheet gearing to 33.5% from 53.9% and provided a calendar year 2010 earnings yield of 8.7% on the offer price. Moelis & Company acted as financial advisor to ING Industrial Fund.

Builders FirstSource, Inc.’s common stock rights offering and exchange offer

Date Announced:
10/22/2009

client:
Special Committee of Builders FirstSource, Inc.

Status:
Closed – 10/2009

Value:
$205 million Rights Offering, $275 million Exchange Offer

William Lyon Homes, Inc.’s senior secured term loan and senior notes repurchase

Date Announced:
10/19/2009

client:
William Lyon Homes, Inc.

Status:
Closed – 10/2009

Value:
$206 million Senior Secured Term Loan; $73 million Senior Notes Repurchase

Sinclair Broadcasting Group, Inc’s cash tender offer

Date Announced:
10/07/2009

client:
Ad Hoc Committee of Bondholders of Sinclair Broadcasting Group, Inc

Status:
Closed – 11/2009

Value:
$373 million

Quality Distribution, Inc.’s exchange offer

Date Announced:
10/05/2009

client:
Quality Distribution, Inc.

Status:
Closed – 10/2009

Value:
$135 million Senior Notes; $81 million Sub Notes and Warrants