People

Evan Palenschat is a partner in King & Spalding's Corporate, Finance and Investments group in Chicago and focuses on debt financings, particularly in the area of leveraged finance.

Evan Palenschat is a partner in King & Spalding's Corporate, Finance and Investments group in Chicago.

Evan has extensive experience in leveraged finance, private equity, M&A and complex financing transactions with clients that include financial institutions, private credit groups, private equity funds, hedge funds, public and private companies / borrowers / issuers as well as  alternative lending institutions.

Evan's practice involves all aspects of corporate transactional work and he also assists his clients in work-outs and other downside scenarios. The transactions Evan handles are found at both ends of the market, and include senior, second lien and subordinated financings, asset-based loans and bridge and mezzanine financings that range in size from several millions to billions of dollars.

Evan has also received an MBA from the University of Illinois.

Full Bio

Credentials

M.B.A., University of Illinois at Urbana-Champaign

J.D., Columbia University School of Law

Illinois

New York

Matters

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by Hidden Harbor to purchase Wehner Multifamilty, a full service property management company with more than 25,000 residential units under management across Texas and Oklahoma.

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by The ONE Group Hospitality to purchase Kona Grill in a 363 sale transaction.

Represented JPMorgan in connection with senior credit facilities, the proceeds of which were used by Care Finders Total Care to purchase various in-home quality care targets.

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Matters

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by Hidden Harbor to purchase Wehner Multifamilty, a full service property management company with more than 25,000 residential units under management across Texas and Oklahoma.

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by The ONE Group Hospitality to purchase Kona Grill in a 363 sale transaction.

Represented JPMorgan in connection with senior credit facilities, the proceeds of which were used by Care Finders Total Care to purchase various in-home quality care targets.

Represented Capital One in connection with $200 million of senior credit facilities, the proceeds of which were used by Stone Point Capital LLC to purchase Bankruptcy Management Solutions, a software and depository services company that provides a variety of tools for bankruptcy professionals in both Chapter 7 and Chapter 11 proceedings, including integrated banking solutions, case administration, document management and claims distributions.

Represented various banks, credit funds and other lending institutions in connection out of court workouts and restructurings.

Represented Golub Capital in connection with $225 million of senior credit facilities, the proceeds of which were used by Greenbriar Equity Group to purchase Electrical Source Holdings, a leading specialty distributor of need-it-now critical power components including circuit breakers, fuses, motor controls, disconnects and more for diverse commercial and industrial applications.

Represented the crossover lender group in Nine West, a leading American fashion wholesale and retail company, in Nine West's chapter 11 cases.

Represented SunTrust Bank as administrative agent and lead left arranger in connection with the syndication and funding of $645 million of senior secured credit facilities, the proceeds of which were used by Prime Communications, as borrower, to acquire Spring Mobile (an authorized AT&T wireless retailer) from GameStop Corp.

Represented GTCRBain Capital, Thoma Bravo and various other private equity firms in connection with financing used for the acquisition of various companies.

Represented Starwood Energy Group Global in its acquisition of two combined-cycle gas turbine plants located in Pennsylvania and Rhode Island for approximately $1.23 billion. The transaction was partially funded using $1.050 billion of senior secured credit facilities provided by a syndicate of lenders arranged by Credit Suisse.

Represented Capital One as administrative agent in connection with senior asset-backed lending facilities and senior delayed draw credit facilities, the proceeds of which were used as part of the launch of Red Collar Pet Foods,a pet food manufacturer formerly owned by Mars Petcare.

Represented Capital One in connection with $210 million of senior unitranche credit facilities, the proceeds of which were used to the purchase Behavioral Health Group, a medication-assisted treatment for opioid use disorder at 46 outpatient clinics in 11 states.

Insights

Client Alert

April 22, 2020
Ghost Kitchens

View all

Matters

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by Hidden Harbor to purchase Wehner Multifamilty, a full service property management company with more than 25,000 residential units under management across Texas and Oklahoma.

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by The ONE Group Hospitality to purchase Kona Grill in a 363 sale transaction.

Represented JPMorgan in connection with senior credit facilities, the proceeds of which were used by Care Finders Total Care to purchase various in-home quality care targets.

See more
Icon close

Close

Matters

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by Hidden Harbor to purchase Wehner Multifamilty, a full service property management company with more than 25,000 residential units under management across Texas and Oklahoma.

Represented a leading global investment bank in connection with senior credit facilities, the proceeds of which were used by The ONE Group Hospitality to purchase Kona Grill in a 363 sale transaction.

Represented JPMorgan in connection with senior credit facilities, the proceeds of which were used by Care Finders Total Care to purchase various in-home quality care targets.

Represented Capital One in connection with $200 million of senior credit facilities, the proceeds of which were used by Stone Point Capital LLC to purchase Bankruptcy Management Solutions, a software and depository services company that provides a variety of tools for bankruptcy professionals in both Chapter 7 and Chapter 11 proceedings, including integrated banking solutions, case administration, document management and claims distributions.

Represented various banks, credit funds and other lending institutions in connection out of court workouts and restructurings.

Represented Golub Capital in connection with $225 million of senior credit facilities, the proceeds of which were used by Greenbriar Equity Group to purchase Electrical Source Holdings, a leading specialty distributor of need-it-now critical power components including circuit breakers, fuses, motor controls, disconnects and more for diverse commercial and industrial applications.

Represented the crossover lender group in Nine West, a leading American fashion wholesale and retail company, in Nine West's chapter 11 cases.

Represented SunTrust Bank as administrative agent and lead left arranger in connection with the syndication and funding of $645 million of senior secured credit facilities, the proceeds of which were used by Prime Communications, as borrower, to acquire Spring Mobile (an authorized AT&T wireless retailer) from GameStop Corp.

Represented GTCRBain Capital, Thoma Bravo and various other private equity firms in connection with financing used for the acquisition of various companies.

Represented Starwood Energy Group Global in its acquisition of two combined-cycle gas turbine plants located in Pennsylvania and Rhode Island for approximately $1.23 billion. The transaction was partially funded using $1.050 billion of senior secured credit facilities provided by a syndicate of lenders arranged by Credit Suisse.

Represented Capital One as administrative agent in connection with senior asset-backed lending facilities and senior delayed draw credit facilities, the proceeds of which were used as part of the launch of Red Collar Pet Foods,a pet food manufacturer formerly owned by Mars Petcare.

Represented Capital One in connection with $210 million of senior unitranche credit facilities, the proceeds of which were used to the purchase Behavioral Health Group, a medication-assisted treatment for opioid use disorder at 46 outpatient clinics in 11 states.

Insights

Client Alert

April 22, 2020
Ghost Kitchens

View all

Credentials

M.B.A., University of Illinois at Urbana-Champaign

J.D., Columbia University School of Law

Illinois

New York