First Eagle Holdings $575 million debut senior secured notes offering
We advised the initial purchasers on the high-yield notes offering
Davis Polk advised the initial purchasers in connection with the debut Rule 144A / Regulation S offering by First Eagle Holdings, Inc. of $575 million aggregate principal amount of its 7.250% senior secured notes due 2032.
First Eagle is an independent, privately owned investment management firm headquartered in New York. Dedicated to providing prudent stewardship of client assets, the firm focuses on active, fundamental and benchmark-agnostic investing, with a strong emphasis on downside mitigation. With a heritage dating back to 1864, First Eagle strives to help clients avoid permanent impairment of capital and earn attractive returns through widely varied economic cycles.
The Davis Polk capital markets team included partner Pedro J. Bermeo and associates Xi (Brooke) Zheng, Rose Cheng and Sijia (Scarlett) Huang. The finance team included partner Christopher Nairn-Kim, counsel Michael D. Arena and associates Renee G. Levin and Shiv Kumar Singh. Counsel Yixuan Long and associate Yueyu Yang provided tax advice. All members of the Davis Polk team are based in the New York office.