Meyer C. Dworkin
  1. Partner

Mr. Dworkin is a partner in Davis Polk’s Corporate Department, practicing in the Finance Group.  He is consistently recognized as a leading lawyer in banking & finance by Chambers USA, Legal 500 US and IFLR1000, and is described by clients as “very smart, extremely commercial and a great practitioner” and that he “thoroughly understands every aspect of complex debt facilities, including current market norms, and advises in a highly pragmatic, efficient and responsive manner.”

Mr. Dworkin advises lenders and borrowers on a variety of finance transactions, including acquisition financings, asset-based financings, debtor-in-possession financings and bankruptcy exit financings and structured financings. In addition, Mr. Dworkin regularly represents hedge funds and corporations in negotiating prime brokerage agreements, ISDA and BMA-standard agreements and other trading and financing documentation and other complex structured financial products.

Work Highlights

Syndicated Lender Representations
  • $17 billion senior unsecured bridge loan facility to Fiserv, Inc. for its acquisition of First Data Corporation
  • $10.5 billion financing related to Coty’s acquisition of P&G’s Beauty Business (including over $2 billion of incremental facilities)
  • $7.8 billion financing related to JAB’s acquisition of Keurig Green Mountain (including $1.4 billion of incremental facilities)
  • $4.5 billion financing related to Tribune Company’s acquisition of Local TV Holdings (including $420 million of incremental facilities)
  • $2.8 billion senior secured facilities and $1.2 billion financing related to JBS’s acquisition of Cargill Pork
  • $1.6 billion financing related to Leonard Green Partners’ and TPG’s acquisition of Life Time Fitness (including $100 million of incremental facilities)
Borrower Representations
  • $3.5 billion senior unsecured revolving credit facility for Emerson Electric
  • $2.25 billion multicurrency senior unsecured revolving credit facility for V.F. Corporation
  • $2 billion asset-based commodity credit facility for Noble Americas Corp. and $1 billion asset-based commodity credit facility for Noble Clean Fuels Ltd.
  • $2 billion senior secured project notes and $300 million bridge loan for Delek Group
Direct Lending Representations
  • $180 million senior secured term loan for Basic Energy Services
  • $150 million senior secured term loan facility for NMI Holdings
  • $90 million term loan facility for ParFab Field Services
  • $62.5 million second-lien term facility for B&G Crane Service
Restructuring Representations
  • $1.1 billion exit term loan for Tribune Company
  • $800 million of debtor-in-possession facilities for The Great Atlantic & Pacific Tea Company
  • $165 million exit term loan and $90 million debtor-in-possession facilities for Key Energy Services
  • $100 million debtor-in-possession and exit term loan facilities for RCS Capital Corporation
Structured Finance Representations
  • Advised more than a dozen borrowers on over 25 revolving capital call/subscription line facilities in an aggregate principal amount of over $7 billion provided by a wide range of financial institutions
  • Advised lenders and borrowers on over 30 “net asset value” (NAV) facilities in an aggregate principal amount of over $5 billion provided by a wide range of financial institutions to more than 20 borrowers, including two of the largest dedicated “fund of fund” complexes
  • Advised lenders and borrowers on over 25 asset-backed and “back-leverage” transactions – secured by both single assets as well as portfolios of liquid and illiquid bonds, loans and preferred equity interests and structured as credit facilities, swap and repurchase transactions – in an aggregate principal amount of over $6.25 billion provided by a wide range of financial institutions to more than 15 borrowers

Recognition

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

  • Chambers USA – Banking & Finance (Nationwide)
  • Legal 500 US – Commercial Lending (US)
  • IFLR1000 – Banking (US)

Of Note

Publications
  • "Structural Considerations in Deal Contingent Hedges," The International Comparative Legal Guide to Derivatives 2020, First Edition
  • "The Continuing Evolution of the Direct Lending Market,” The International Comparative Legal Guide: Lending & Secured Finance 2020
  • “A Fresh Look At Acquisition Financing terms,” International Financial Law Review, 2020
  • “Considerations in Providing NAV Facilities to Individuals,” Global Legal Insights – Fund Finance 2020, Fourth Edition
  • “Increasing Limitations on Secured Creditor Remedies,” Practising Law Institute: Leveraged Financing 2020
  • "The Continuing Evolution of NAV Facilities," GLI - Fund Finance 2019
  • “Avoiding Traps When Documenting Make-Whole Premiums for Term Loans,” The International Comparative Legal Guide to: Lending & Secured 2018
  • “Escrow Funding in the Term Loan B Market,” The International Comparative Legal Guide to: Lending & Secured Finance 2017

Professional History

  • Partner, 2013-present
  • Associate, 2005-2013

Practice Focus

Bar Admissions

  • State of New York

Education

  • B.S., Engineering Management Systems, Columbia University, 2002
    • magna cum laude
  • J.D., Harvard Law School, 2005
    • cum laude

Languages

  • Hebrew