Eric Goodison

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Eric Goodison

Eric Goodison

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Biography

* Practices:
* Corporate
* Finance

Education

J.D., University of Pennsylvania Law School, 1987
cum laude

B.S., University of Pennsylvania, 1982
cum laude

Bar Admissions

New York

A partner in the Corporate Department and a member of the Finance Practice, Eric Goodison represents domestic and international clients in their borrowing and lending and other financing transactions.

EXPERIENCE

Eric has over 25 years of experience as a financing lawyer representing clients in acquisitions, divestitures, structured financings and work-outs and restructurings.

Eric has significant expertise in structuring, negotiating and consummating leveraged financings for all types of borrowers across many industries from purely domestic companies to multi-national businesses with complex global organizational structures. He has particular strength in complex leveraged transactions. Some of his recent work includes:

* Spectrum Brands in its approximately $2.4 billion multicurrency credit facility used to refinance all of Spectrum’s bank debt and to refinance $300 million of its outstanding bonds.
* Oak Hill Capital Partners III in its $620 million first-lien credit facility and $220 second-lien credit facility in connection with Oak Hill's acquisition of Berlin Packaging, a leading supplier of rigid packaging products and services.
* KIK Custom Products, a portfolio company of CI Capital, in its:
* debt refinancing to obtain $715 million of new senior secured credit facilities. The facilities consist of a 5-year asset-backed revolving credit facility with a maximum commitment amount of up to $75 million, a $420 million 6-year first-lien credit facility and a $220 million 6.5-year second-lien credit facility; and
* subsequent upsizing of those credit facilities to $1.04 billion, used to finance in part its acquisition of the Consumer Products business of Chemtura Corporation, a manufacturer and marketer of specialty chemicals.

* Las Vegas Sands in its:
* $3.5 billion of term B loan and revolving credit facilities used to refinance existing credit facilities;
* approximately $5.2 billion senior secured credit facility for Venetian Macau Limited, a subsidiary of Las Vegas Sands Corp., in connection with the funding of certain casino resort developments and the repayment existing indebtedness; and
* approximately $3.78 billion senior secured credit facility for its Singapore subsidiary, Marina Bay Sands Pte. Ltd.

* Indivior in its $800 million loan in connection with its spin-off from Reckitt Benckiser.
* Cable & Wireless Communications Plc, a U.K.-based telecommunications services provider, in its $390 million secured bridge loan credit facility and $300 million unsecured bridge loan credit facility in connection with the pending acquisition of Columbus International Inc., a telecommunications and technology services provider operating in the Caribbean, Central America and Andean region.
* KPS Capital Partners, through a newly formed affiliate, in:
* its $435 million senior secured credit facilities in connection with the acquisition of Anchor Glass Container Corporation, a manufacturer of premium glass packaging products; and
* Anchor Glass Container Corporation’s $465 million term loan facility used in part to refinance existing debt. KPS Capital Partners LP subsequent $1 billion-plus sale of Anchor Glass to BA Glass B.V. and funds advised by CVC Capital Partners earned the client a 2017 Buyouts “Deal of the Year” award.

* Ply Gem Industries, a North American exterior building products company, in a $430 million term loan credit facility used to refinance existing credit facilities.
* Hemisphere Media Holdings, LLC and InterMedia Español, Inc., both subsidiaries of Hemisphere Media Group, Inc., in their $225 million senior secured term loan credit facility.
* Emmis Communications Corporation in its $205 million senior secured credit facility in connection with the two-step acquisition of WBLS 107.5 FM, the No. 2 radio station in New York, and its sister station, WLIB 1190 AM.
* CI Capital Partners LLC, in connection with its leveraged acquisitions of and subsequent add-ons for companies such as Galls LLC, a leading distributor of public safety, private security and defense products in the U.S., Interactive Health Solutions, Inc., a leading provider of health and wellness solutions, IntraPac Group, a specialty packaging manufacturer, Foundation Building Materials, a leading distributor of drywall and related building products, and Material Handling Services LLC, d/b/a Total Fleet Solutions, a portfolio company of CI Capital Partners.

Eric has also recently been advising clients across the spectrum of investors and borrowers in dealing with the fallout and recovery from the unprecedented market turmoil arising from various economic crises. Some of his recent work includes:

* the Bondholders of CIT Group Inc. in the largest prepackaged bankruptcy ever;
* Oaktree Capital Management:
* in the recapitalization of Pulse Electronics with a $103 million debt and equity investment;
* with respect to the secured debt of Excel Maritime and, following an initially contentious chapter 11 case, the negotiation and confirmation of a fully consensual amended plan of reorganization and $300 million term loan bankruptcy exit financing; and
* the sale by Excel Maritime of certain of its shipping assets to Ocean Bulk (now Star Bulk) and the related refinancings.

* an alternative lender as the lender in refinancing $1.2 billion of a hospitality company's defaulted third party debt, which involved splitting one existing facility into new first and second lien loans, amending and restating an existing credit agreement into a third lien credit agreement, adding a new $210 million fourth lien agreement and leaving in place an existing subordinated loan.

A frequent writer and speaker, Eric recently authored an article in The Journal of Taxation and Regulation of Financial Institutions entitled "Considerations in Negotiating Closing Conditions in Debt Commitment Letters for Acquisition Transactions." Eric participated on a panel about developments in deal financing techniques at the 27th Annual Corporate Law Institute at Tulane University Law School. Eric was also a presenter on Stratford's webinars on commitment letters and covenant-lite loans and authored an article in the Practical Law Journal on covenant-lite loans. The Financial Times, in its 2013 annual US Innovative Lawyers report, "highly commended" the firm's work on behalf of Emmis Communications to monetize its local programming and marketing agreement with ESPN.

Eric's work speaks to his strength of practice. He is ranked nationally by Chambers USA and Chambers Global as a leading lawyer in Banking & Finance, and sources say, Eric is the "master of keeping everything simple" and he is "very pragmatic, very knowledgeable, very thoughtful and also very responsive."

Overview
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861

Number of Awards

1

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Eric Goodison
Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP
Education
JD, cum laude
Class of 1987

The University of Pennsylvania Law School, located in Philadelphia, Pennsylvania, is the law school of the University of Pennsylvania. A member of the Ivy League, it is among the oldest and most selective law schools in the nation. It is currently ranked 7th overall by U.S. News & World Report, and 1st in terms of career prospects by the Princeton Review, a rank awarded also by the National Law Journal based on placement of graduates in top law firms.It offers the degrees of Juris Doctor (J.D.), Master of Laws (LL.M.), Master of Comparative Laws (LL.C.M.), and Doctor of the Science of Law (S.J.D.).

BS, cum laude
Class of 1982

The University of Pennsylvania (commonly referred to as Penn or UPenn) is a private, Ivy League university, located in Philadelphia, Pennsylvania, United States. Penn considers itself the fourth-oldest institution of higher education in the United States, as well as the first university in the United States with both undergraduate and graduate studies.

Career History
Partner
Current

Paul, Weiss, Rifkind, Wharton & Garrison LLP is a law firm that serve as counsel to companies and investment funds. They have expertise in the areas of bankruptcy and corporate reorganization, employee benefits and executive compensation, intellectual property, personal representation, real estate and tax law. The company is headquartered in New York, NY.

Advisor
Prior

Wellspring seeks to invest in companies with strong, defensible business franchises where the opportunity exists to significantly improve profitability and cash flow.Potential investments should possess one or more of the following characteristics: have strong brand identity or market position; the likelihood for improved productivity or cost reductions through restructuring, reorganizing or redeploying capital into core businesses; and are capable of generating a recurring revenue stream and relatively stable and predictable cash flow with the potential for long-term growth.Wellspring specializes in the following areas: (1) buyouts of private companies, acquisitions of divisions or subsidiaries of public companies and going-private transactions (2) partnering with entrepreneurs to provide capital and strategic guidance for expansion (3) purchasing equity from shareholders of family-owned businesses for financial planning needs and (4) acquiring companies or divisions of larger companies out of bankruptcy or restructuring.Wellspring completes transactions ranging from $50 million to as much as $2 billion in total value. They evaluate and complete acquisition opportunities across a broad range of industries.Wellspring typically does not make investments in telecommunications, high technology, real estate and commodity-based businesses.

Political Donations
$1,000
2014

Minority Leader at Office of the Senate Minority Leader, Charles Schumer

$5,000
2012

Former President of United States

$1,250
2012

Senator at Office of the Senator from Utah, Mitt Romney

Transactions
Details Hidden

Dfw Capital Partners, Inc. purchases Vertex Group, Inc. from Oak Hill Capital Management LLC, Knox Lawrence International LLC, GenNx360 Capital Partners

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Advent International Corp. purchases AccentCare, Inc. from Oak Hill Capital Management LLC

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Park Hotels & Resorts, Inc. purchases Chesapeake Lodging Trust

Awards & Honors
Admitted to the New York Bar
Other Affiliations
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