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

  • $2.93 billion senior secured exit financing for Avaya, 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
  • $1.35 billion senior secured bridge term loan facility and $650 million senior unsecured bridge term loan facility for PetSmart, Inc.’s acquisition of Chewy, Inc.
  • $1.70 billion superpriority senior secured financing for McDermott Technology
  • $1.30 billion senior secured financing for Wyndham Destinations, Inc.
  • $1.24 billion senior secured financings for the spin-off of Garrett Motion Inc. form Honeywell International, Inc.
  • $1 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
  • $610 million first lien and second lien financings for Madison Dearborn’s acquisition of SIRVA Inc.
  • $562 million term loan financing for Contura Energy, Inc.
  • $520 million senior secured financing for Cinven’s acquisition of National Seating & Mobility, Inc.
  • $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.
  • $60 million senior secured asset-based financing for Airxcel, Inc.
  • $50 million debtor-in-possession financing for Nine West Holdings, Inc.

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

  • Davis Polk since 2017
  • Paul Hastings, 2014 to 2017
  • Shearman & Sterling, 1999 to 2014

Practice Focus

Bar Admissions

  • State of New York

Education

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

Languages

  • Cantonese
  • Mandarin