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Benjamin Cheng

Mr. Cheng is a counsel in Davis Polk’s Corporate Department, practicing in the Credit 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 credit facilities, project financings and structured and securitization programs.

Work Highlights

  • $2.925 billion senior secured exit financing for Avaya, Inc.
  • $1.38 billion senior secured financing for the acquisition by KSL Capital Partners, LLC and Henry Crown and Company of Mammoth, Squaw Valley Ski Holdings, LLC and Intrawest Resorts Holdings, Inc.
  • $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.
  • $705 million first lien and second lien financings for Carlyle’s acquisition of MedRisk Holdco, LLC
  • $100 million senior secured asset-based financing for Utz Quality Foods, Inc. 

Before joining Davis Polk, Mr. Cheng's experience included:

  • $5.15 billion term loan and asset-based revolving credit facilities for Bass Pro Group’s acquisition of Cabela’s Incorporated
  • $1.15 billion senior secured financing for Gulf Finance, LLC in connection with future joint ownership with a master limited partnership
  • $830 million term loan and asset-based revolving credit facilities for MKS Instrument, Inc.’s acquisition of Newport Corporation
  • $750 million senior secured financing for ArcLight Energy Partners’ acquisition of Petroleum Products Corp.


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

  • IFLR1000 – Banking and Finance: "Rising Star"
  • Legal Media Group Expert Guides – Banking: "Rising Star"

Of Note

  • “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


  • 450 Lexington Avenue
    New York, NY
    P: +1 212 450 3494
    F: +1 212 701 6494

Practice Focus

Bar Admissions

  • State of New York


  • 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


  • Cantonese
  • Mandarin