Practice Areas
Corporate
Corporate Finance
Financial Restructuring
Private Equity
Admissions
Massachusetts
North Carolina
Education
University of North Carolina at Chapel Hill - J.D., high honors, Order of the Coif
University of North Carolina at Chapel Hill - B.A.
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Profile
Joey Polonsky is a partner in Cadwalader’s Charlotte office. He advises banks, direct lenders and other financial institutions that provide companies with the liquidity necessary to make acquisitions, refinance existing debt, make dividends to equity holders, and restructure their balance sheets. He works closely with public companies, large cap companies, sponsor-backed companies and privately held companies on how to structure complicated financings and debt & equity restructurings, including for first lien and second lien financings, asset-backed financings, unitranche financings, FILO financings, unsecured financings, and DIP financings.
Joey received his law degree from the University of North Carolina at Chapel Hill, where he graduated with high honors and was inducted into the Order of the Coif. While at UNC Law, he was an Articles Editor for the North Carolina Law Review and he was awarded the Gressman-Pollitt Award. He served for three years on the UNC Law Pro Bono Board, and was one of eight members of his class inducted into the James E. and Carolyn B. Davis Society.
Experience
- Represented Arbour Lane Capital Management as administrative agent and lender on its first lien senior secured credit facility to a leading home security system company.
- Represented Barings LLC as lead arranger and lender on its $38.7 million senior secured term loan to Coherus Biosciences, Inc., a commercial-stage biopharmaceutical company focused on the research, development, and commercialization of innovative immunotherapies to treat cancer and the commercialization of our portfolio of FDA-approved therapeutics.
- Represented Citizens Bank as lead arranger and administrative agent on its first lien senior secured credit facility to an investment management and financial planning company.
- Represented MUFG Bank, Ltd. as administrative agent and joint lead arranger in a $3.5 billion credit facility for Berkshire Hathaway Energy Company.
- Represented JPMorgan Chase Bank, N.A. as administrative agent and joint lead arranger in a $1.2 billion credit facility for PacifiCorp.
- Represented JPMorgan Chase Bank, N.A. as administrative agent and joint lead arranger in a $900 million delayed draw term loan credit facility for PacifiCorp.
- Represented Mizuho Bank, Ltd. as administrative agent and joint lead arranger in a $1.5 billion credit facility for MidAmerican Energy Company.
- Represented Wells Fargo as administrative agent and joint lead arranger in a $400 million credit facility for Nevada Power Company.
- Represented Wells Fargo as administrative agent and joint lead arranger in a $250 million credit facility for Sierra Pacific Power Company.
- Represented JPMorgan Chase Bank, N.A. as administrative agent and joint lead arranger in a $2.0 billion revolving loan facility for Oncor Electric Delivery Company LLC.
- Represented TD Bank as administrative agent and joint lead arranger in a $625 million term loan facility for Oncor Electric Delivery Company LLC.
- Represented SMBC as administrative agent and joint lead arranger in a $650 million term loan facility for Oncor Electric Delivery Company LLC.
- Represented PNC as administrative agent and joint lead arranger in a $1.3 billion term loan facility for Oncor Electric Delivery Company LLC.
- Represented Wells Fargo as administrative agent and lead arranger in a $500 million revolving loan facility for Oncor Electric Delivery Company LLC.
- Represented Wells Fargo as sole lead arranger in a $325 million term loan B for Ravago SA.
- Advised Sound Point Capital Management on its first lien senior secured credit facility to Barcoding, Inc. to support the acquisition of Barcoding by Graham Partners.
- Advised Blackstone Credit as administrative agent in a $100.0 million second lien term loan facility for Cross Country Healthcare, Inc.(NASDAQ: CCRN).
- Advised Citizens Bank as lead arranger and administrative agent in a $325,000,000 senior credit facility for Nice-Pak Products, Inc.
- Advised Citizens Bank as lead arranger and administrative agent in a $500,000,000 senior credit facilities consisting of a $100 million revolving credit facility and a $400,000,000 term loan facility for Ribbon Communications Inc. (NASDAQ: RBBN).
- Advised Citizens Bank as lead arranger and administrative agent in a $1,000,000,000 investment grade senior revolving credit facility for Hexcel Corporation (NYSE: HXL).
- Advised Citizens Bank as lead arranger and administrative agent in senior credit facilities for a leading private equity firm's acquisition of a leading digital technologies and big data analytics company.
- Advised Citizens Bank as lead arranger and administrative agent in senior credit facilities for a leading private equity firm's acquisition of a dog food producer.
- Advised Citizens Bank as lead arranger and administrative agent in senior credit facilities for a leading private equity firm's acquisition of a market leading engineering and manufacturing corporation.
- Advised CVC Credit Partners as lead arranger and administrative agent in senior credit facilities for a leading private equity firm's recapitalization of a life sciences company.
- Advised CVC Credit Partners as lead arranger and administrative agent in senior credit facilities for a leading private equity firm's acquisition of a major plastics producer.
- Advised JPMorgan Chase Bank, N.A. as administrative agent in a $2,000,000,000 revolving loan credit facility for Oncor Electric Delivery Company LLC.
- Advised PNC Bank as joint lead arranger, administrative agent and lender in a $1,300,000,000 term loan credit facility for Oncor Electric Delivery Company LLC.
- Advised Webster Bank as lead arranger and administrative agent in senior credit facilities for several acquisitions by leading private equity firms of technology-focused companies.
- Advised Wells Fargo in the formation and implementation of its Main Street lending program.
- Counseled a group of ad hoc group of U.S. first lien lenders regarding a superpriority term loan facility made to a large media company.
- Advised DeerWalk Inc. in its sale to private-equity backed CedarGate Technologies.
*Certain representations occurred prior to Joey's association with Cadwalader.
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