Yair Y. Galil is of counsel in the New York office of Gibson Dunn, where he is a member of Gibson Dunn’s Global Finance Practice Group.
Mr. Galil has represented a variety of clients – including sponsors, issuers, financial institutions and investment funds – in complex financing transactions. The business contexts for these transactions have ranged from ordinary-course credit increases and refinancings to pivotal credit such as acquisition financings and debtor-in-possession and bankruptcy exit financings, as well as special-circumstances transactions such as debt buybacks and covenant relief amendments.
Mr. Galil earned his Juris Doctor in 2004 from Columbia Law School, where he was a James Kent Scholar and an Alexander Hamilton Fellow, and served on the editorial board of the Columbia Business Law Review. He received his M.B.A. from Columbia Business School in 2004 and was elected to Beta Gamma Sigma. Prior to commencing his graduate studies, Mr. Galil served from 1996 to 2000 in the Israeli Defense Forces, in which he holds the rank of captain. Mr. Galil graduated from Columbia College as Salutatorian of the class of 1996, with a Bachelor of Arts degree, summa cum laude, in Economics and Political Science, and was elected to Phi Beta Kappa. Prior to joining Gibson Dunn, Mr. Galil was an associate in the New York office of Jones Day.
Mr. Galil is admitted to the New York Bar. He is fluent in Hebrew.
Recent Representative Transactions Include:
- Littlejohn & Co.: Represented Littlejohn & Co. in connection with senior secured credit facilities to finance its leveraged acquisitions of PlayPower and Brown Jordan International.
- Trilantic Capital Partners: Represented Trilantic Capital Partners in connection with senior secured credit facilities to finance its acquisition of United Subcontractors.
- Marriott International: Representation of Marriott in connection with a $3.5 billion bridge loan commitment in connection with its acquisition of Starwood Hotels & Resorts.
- Celanese: Represented Celanese in connection with $1.9 billion secured credit facility extension and upsizing.
- J.H. Whitney Capital Partners: Represented J.H. Whitney Capital Partners in connection with senior secured credit facility to finance its acquisition of C.J. Foods from Trinity Hunt Partners.
- Textron: Represented Textron in connection with a $700 million bridge facility and a $500 million term loan facility to finance its acquisition of Beechcraft.
- Investcorp: Represented Investcorp in senior secured credit facility to finance its acquisition of Paper Source, and other financing transactions.
- Polyconcept: Represented Polyconcept Investments BV, an Investcorp portfolio company, in the refinancing of its existing debt with a $395 million first lien credit facility and a $125 million second lien credit facility.
- MetroPCS Wireless: Represented MetroPCS Wireless in connection with its issuance of $3.5 billion senior notes in advance of its business combination with a national mobile phone carrier, the issuance by the combined company of an additional $11.2 billion of senior notes to Deutsche Telekom, and the incurrence by the combined company of a $500 million working capital facility.
- Huntington Ingalls Industries: Represented Huntington Ingalls Industries in connection with its $1.225 billion senior credit facilities and $1.2 billion of senior notes incurred in conjunction with its spinoff from Northrop Grumman.
- Travelport Holdings Limited: Represented holdco lenders in connection with the out-of-court restructuring of a $715 million loan to Travelport Holdings Limited.
- Co-Author, “Mezzanine Financing – Payment Subordination Agreements,” Bloomberg Law (April 17, 2018).
- Co-Author, “‘All Assets’ First-Lien/Second-Lien Intercreditor Agreements,” Bloomberg Law (March 2018).
- Co-Author, “Loan Covenant Checklist: Restricted Payments,” Practical Law Company (January 2015).
- Co-Author, “Letter of Credit Migration,” Practical Law Company (July 2011).
- Co-Author, “Lien Subordination and Intercreditor Agreements,” 25 Review of Banking & Financial Services No. 5, at 49 (May 2009).
- Author, “MAC Clauses in a Materially Adversely Changed Economy,” 2002 Columbia Business Law Review, 846 (2002).
Selected Speaking Engagements:
- “Intercreditor Claims and Agreements In and Out of Bankruptcy” Lorman Education Services – Live Webinar (March 19, 2018).
- “Evaluating Key Intercreditor Arrangements: First Lien/Second Lien, Split Collateral, Senior/Mezzanine, Unitranche” Strafford Live CLE Webinars (September 28, 2017).
- “Secured Lending: Negotiating and Interpreting Best Efforts, Ordinary Course of Business, and Anti-Assignment Provisions” Strafford Live CLE Webinars (March 2, 2017).