Benjamin Cheng
  1. Counsel

Mr. Cheng is counsel in Davis Polk’s Corporate Department, practicing in the Finance Group. He regularly represents arrangers, lenders, sponsors and borrowers in a variety of secured and unsecured financings, acquisition and bridge financings, debtor-in-possession and exit financings, asset-based and cash-flow-based financings, project financings and structured and securitization programs.

Work Highlights

  • $3.75 billion senior unsecured facilities for 7-Eleven, Inc.’s acquisition of Speedway
  • $2.93 billion senior secured exit financing for Avaya, Inc.
  • $2.81 billion superpriority debtor-in-possession financing for McDermott Technology
  • $2.75 billion senior secured exit financing for PG&E Corporation
  • $2.50 billion first lien and second lien financings for Franciso Partners’ acquisition of LogMeIn, Inc.
  • $2.40 billion first lien and second lien financings for Solenis International
  • $2.35 billion senior secured financing for the acquisition of La Quinta Holdings Inc. by Wyndham Hotels & Resorts
  • $1.875 billion superpriority debtor-in-possession and exit financing for Frontier Communications Corporation
  • $1.29 billion first lien and second lien financings for Partners Group (USA)’s acquisition of EyeCare Partners, LLC
  • $1.24 billion senior secured financing for spin-off of Garrett Motion Inc.
  • $1.00 billion superpriority debtor-in-possession financing for Windstream Services, LLC
  • $705 million first lien and second lien financings for Carlyle’s acquisition of MedRisk Holdco, LLC
  • $242.5 million senior secured financing for Amerigent Borrower, L.P.’s acquisition of certain space-based optics business
  • $175 million senior secured asset-based financing for Bain’s acquisition of Imperial Dade
  • $140 million senior secured asset-based financing for Ampere Holdings I B.V.
  • $50 million superpriority debtor-in-possession financing for Nine West Holdings, Inc.
  • $20 million asset-based receivables financing for Alcami ABL LLC

Recognition

Mr. Cheng has been recognized for his work in the legal industry:

  • IFLR1000 – Banking (US) | Rising Star
  • Legal Media Group – Expert Guides – Banking (US) | Rising Star

Of Note

Articles
  • “Designated Lender Counsel Arrangements,” Practical Law, The Journal
  • “Term Loans and High Yield Bonds: Current Status of the Convergence,” Practical Law, The Journal
  • “Judgment Call: Don't become a basket case,” The Deal Pipeline
  • “Equity Cure and ECF: Traps and Tricks,” The Deal Pipeline
  • “Term Loans and High Yield Bonds: Tracking the Convergence,” Practical Law, The Journal

Professional History

  • Counsel, Davis Polk, 2017-present
  • Paul Hastings, 2014-2017
  • Shearman & Sterling, 1999-2014

Practice Focus

Bar Admissions

  • State of New York

Education

  • B.A., Education, Brigham Young University - Hawaii, 1994
    • magna cum laude
  • Master, Library and Information Science, University of Hawaii, 1996
  • J.D., University of Pennsylvania Law School, 1999

Languages

  • Cantonese
  • Mandarin