Douglas S. Horowitz is a partner in the New York office of Gibson, Dunn & Crutcher where he is the head of Leveraged and Acquisition Finance and co-chair of the firm’s Global Finance Practice Group. He is an active member of the Capital Markets Practice Group and Securities Regulation and Corporate Governance Practice Group.
Doug represents leading private equity firms, public and private corporations, investment banking firms and commercial banks with a focus on financing transactions involving private credit, syndicated institutional and asset-based loans, new issuance of secured and unsecured high-yield debt securities, equity and equity-linked securities, as well as out-of-court restructurings. He has been involved in the financings for a number of significant acquisitions, including the $67 billion purchase by Dell of EMC, the $19 billion purchase by Western Digital of SanDisk, Stone Point’s $8.2 billion buyout of CoreLogic, 40 North’s $7.4 billion buyout of W.R. Grace and several of the landmark acquisitions of the LBO boom, including hospital-operator HCA, SunGard Data Systems, VNU / Nielsen, ARAMARK, U.S. Foodservice, Biomet, Avaya and TXU Corp. He represents clients in a variety of industries including technology, media, telecommunications, industrials, healthcare, gaming, real estate, and natural resources.
Celebrated in Chambers and Partners as “encyclopedic,” “analytic,” “brilliant,” and “problem solver who thinks outside the box,” Doug has been recognized as a leading finance lawyer by Chambers USA, Chambers Global, The Legal 500 and Euromoney’s IFLR 1000: The Guide to the World’s Leading Financial Law Firms. He was recognized by Chambers USA in 2024 for his work in Banking and Finance as well as Capital Markets with Debt and Equity, as a Dealmaker of the Year in 2021 by New York Law Journal and was named as a 2020 MVP in Capital Markets by Law360.
Selected Matters
- Representation of Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., and a private equity consortium in the bridge loans and subsequent $1.96 billion high yield bond offering in connection with the $16 billion acquisition of Nielsen Holdings plc, a marketing services company providing demand analysis, product development, sales measurement and promotion strategies.
- Representation of a Private Equity consortium including Elliott, Patient Square and Veritas in the $3.2 billion senior secured credit facility and $1.0 billion senior secured high yield notes, incurred in connection with the approximately $7.1 billion take private acquisition of Syneos Health.
- Representation of the ad hoc group of first lien lenders in the Chapter 11 filing of Envision Healthcare, a national medical group and KKR portfolio company.
- Representation of Veritas Capital in the private credit loan financing for its acquisition of Chromalloy, a global technology company and a leading solutions provider for aircraft engines and gas turbines and subsequent broadly syndicated $1,050 million refinancing senior secured credit facilities.
- Representation of Veritas Capital in the private credit loan financing for its acquisition of the Wood-Mackenzie business from Verisk and subsequent $1.465 billion broadly syndicated senior secured credit facilities.
- Representation of RedBird Capital in the private loan financing for its acquisition of AC Milan.
- Representation of Mauser Packaging (a Stone Canyon portfolio company) in connection with its $2.75 billion first lien high yield bond offering and contemporaneous offer to exchange previously issued unsecured bonds for up to $1.35 billion of new second lien high yield bonds.
- Representation of Primoris Services Corporation in connection with its $1.27 billion senior secured credit facilities, the proceeds of which were used to refinance existing debt and to finance the $470 million acquisition of PLH Group.
- Representation of the financial institutions in connection with senior secured credit facilities and first lien high yield bonds for AMC Networks.
- Representation of the financial institutions in connection with senior secured credit facilities and preferred equity financing in support of Viagogo’s acquisition of StubHub.*
- Representation of the financial institutions in connection with various credit facilities in support of CDW’s acquisition of Sirius Computer.*
- Representation of the financial institutions in connection with the debut high yield bond offering for Papa John’s.*
- Representation of the financial institutions in connection with early COVID-era high yield financings for AMC Entertainment and SeaWorld.*
- Representation of the various underwriters for numerous investment grade debt securities offerings by technology companies like Dell Technologies, CDW and Western Digital.*
- Representation of the investment banks in connection with USD and Euro high yield bonds, credit facilities and common stock offerings for Catalent Pharmaceuticals.*
- Representation of several commercial banks in providing a $3.75 billion asset-based loan to HCA, Inc.*
- Representation of the underwriters in connection with Nielsen Holdings N.V., (NYSE: NLSN) approximately $1.9 billion initial public offering and subsequent $9.8 billion secondary offerings.
- Representation of the financial institutions in connection with arranging secured credit facilities and high yield debt securities for Churchill Downs.
- Representation of the investment banks in the landmark $6.6 billion high yield offering, $1.5 billion credit facility, $1.75 billion mandatory convertible preferred stock and $750 million of common stock for Frontier Communications in connection with its purchase of assets from Verizon. Also represented the financial institutions in connection with Frontier’s subsequent term loan and over $3 billion of secured bond issuances.*
- Representation of several commercial banks in providing a multi-currency asset-based loan of $1 billion to Ryerson Inc.*
- Representation of various investment banks in connection with numerous securities offerings, term loans and reserve-based loans for “upstream” oil and gas companies like EP Energy, QEP and Hilcorp, logistics MLPs like Andeavor Logistics and PBF Logistics and refining companies like PBF Energy.*
Doug earned his Juris Doctor in 2001 from Cornell University Law School. He also earned his M.B.A. from Cornell University in 2001 and his B.A. from Columbia University in 1997.
*Representations occurred prior to Doug’s association with Gibson, Dunn & Crutcher LLP.