Michael D. Saliba is a partner in the New York office of Gibson, Dunn & Crutcher and a member of the firm’s Capital Markets Practice Group. He has extensive experience advising issuers, sponsors, underwriters and investors on a range of complex domestic and cross-border capital markets and hybrid capital transactions.
Drawing on his broad transactional experience and sector-specific knowledge, Michael helps clients successfully navigate a broad range of financing transactions, including
- Acquisition and high-yield financings
- Debt exchange offers, tender offers, and consent solicitations
- Preferred equity, direct lending and other private capital transactions
- Initial public offerings and de-SPAC transactions
- Project financings
- Registered and private equity offerings
- Restructuring and special situations transactions
- Spin-off transactions
Michael also regularly counsels clients on a variety of corporate and securities law matters, as well as complex covenant and structuring analyses.
Representative Transactions*
Debt Transactions
- Aircastle in multiple offerings of senior notes and in its inaugural preferred stock offering
- AmeriGas, a subsidiary of UGI, in its US$500 million high yield offering of senior notes
- BofA Securities in the US$450 million high yield offering of senior notes of ARKO
- BofA Securities in the US$800 million and US$600 million high yield offerings of senior notes of Asbury Automotive
- Innovate in its US$330 million high yield offering of senior secured notes
- Jefferies in the US$400 million high yield offering of senior secured notes by StoneMor
- Jefferies in the bridge loan financing and US$550 million senior secured term loan B facility for Xerox
- Jefferies in the US$450 million senior secured term loan B facility and US$50 million revolving credit facility for Kelso Industries
- JP Morgan in the US$800 million senior notes offering by UWM Holdings Corporation
- JP Morgan in the US$625 million high yield offering of senior notes to help finance Clearlake’s acquisition of Springs Window Fashions
- NCR in multiple high yield offerings of senior notes
- R.R. Donnelley & Sons in several high yield offerings of senior secured notes and multiple term loan B financings
- Stryker in its €2.4 billion offering of senior notes
Private Capital Transactions
- Apollo, Carlyle Credit, HPS, Oak Hill Advisors and several other leading private capital investors in the US$2.5 billion preferred equity offering to help finance the take-private of Citrix
- Blackstone, GIC and several other leading private capital investors in the US$500 million preferred equity offering to help finance the acquisition of Zendesk
- Blackstone, Golub, KKR and a sovereign wealth fund in the US$152 million preferred equity financing and US$1.0 billion unitranche facility for AmeriVet
- Carlyle in the US$165 million preferred equity offering by a portfolio company of Genstar
- Carlyle in the US$400 million structured equity investment in UMG
- GIC, Blackrock, Blackstone, Carlyle, HPS, KKR and other private credit investors in the US$1.85 billion preferred equity offering of Alliant, a Stone Point portfolio company
- GIC in the US$500 million second lien term loan and the preferred equity financing for CVC joining CD&R as an investment partner in Epicor
- GIC in the US$40 million incremental PIK holdco loan financing for Litera
- Marquee Brands, an affiliate of Neuberger Berman, in the US$70 million term loan seller financing in connection with the acquisition of America’s Test Kitchen
- Neuberger Berman in the US$200 million preferred equity offering by a portfolio company of Kohlberg & Co.
- Special Situations fund in the US$105 million offering of senior PIK toggle notes by Mavenir
- Special Situations fund and other private credit investors in the US$400 million preferred equity offering by PetVet
- Stone Point and other private credit investors in the US$282 million preferred equity offering by a portfolio company of TA Associates and Onex
- Stone Point and other private credit investors in the US$100 million preferred equity offering and US$250 million second lien term loan financing of a portfolio company of Harvest Partners
Liability Management Transactions
- AmeriGas, a subsidiary of UGI, in multiple tender offers for its outstanding debt securities
- Baxter International in its debt-for-equity exchanges and equity-for-equity exchange offer in connection with its spin-off of Baxalta
- Citigroup in the debt-for-equity exchange in connection with the spin-off by International Paper of Sylvamo
- McClatchy and RR Donnelley in multiple consent solicitations and debt-for-debt exchange transactions
Restructurings and Special Situations
- ADVANZ Pharma in its restructuring and recapitalization transactions
- Highbridge Capital Management in the restructuring and refinancing transactions by Pernix Therapeutics
- iPayment Holdings and iPayment in their units and US$400 million senior notes offerings and later restructuring
- Orion Infrastructure Capital in the recapitalization transactions by Carbon Revolution
Project Financings
- Fortress Investment Group in the private activity bond financings of Brightline
- NextDecade in the largest energy and non-recourse debt financing in the U.S.
Initial Public Offerings and de SPAC Transactions
- BofA Securities, Jefferies and the other underwriters in the initial public offering of Arhaus
- Fortress Investment Group in the initial public offering of Brightline Holdings
- NextGen Acquisition Corporation in its merger with Xos
*Includes work performed at a prior firm.
Capabilities
- Capital Markets
- Business Restructuring and Reorganization
- Finance
- Private Equity
- Securities Regulation and Corporate Governance
Credentials
Education:
- Georgetown University - 2007 Juris Doctor
- New York University - 2002 Bachelor of Arts
Admissions:
- New York Bar
News & Insights
Firm News
Gibson Dunn Represented J.P. Morgan and Other Initial Purchasers in Beach Acquisition Bidco’s Offering of €1 Billion Senior Secured Notes and $2.2 Billion Senior PIK Toggle Notes
Firm News
Gibson Dunn Advised Liberty Hall Capital Partners on Paxia Acquisition
Firm News
Gibson Dunn Further Strengthens Transactional Capabilities in New York With Capital Markets Partner Michael Saliba