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Todd E. Lenson
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- Partner
- Deputy Chair, Corporate; Co-Chair, Equity Capital Markets and Public Companies
- New York
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Todd E. Lenson represents public companies, private equity funds and their portfolio companies, hedge funds, real estate investment trusts (REITs), and family offices and other family-owned businesses in all types of transactions, including mergers and acquisitions and securities offerings. Todd’s clients range from S&P 500 companies to leading private equity funds and growing companies across a diverse group of industries and sectors, including real estate, energy, financial services and fintech, technology, media, sports, and entertainment.
Experience
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Represented VICI Properties Inc. in connection with the acquisition of the real estate assets of PURE Casino Edmonton in Edmonton, Alberta, PURE Casino Yellowhead in Edmonton, Alberta, PURE Casino Calgary in Calgary, Alberta, and PURE Casino Lethbridge in Lethbridge, Alberta, from PURE Canadian Gaming Corp. for approximately C$271.9 million (US$200.8 million), and the simultaneous leaseback to subsidiaries of PURE Canadian Gaming Corp.
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Represented VICI Properties Inc., an NYSE-listed REIT, in its acquisition of the real estate assets associated with Fitz Casino & Hotel and WaterView Casino & Hotel for approximately $293.4 million, and the simultaneous leaseback to subsidiaries of Foundation Gaming and Entertainment, LLC.
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VICI Properties Inc. (NYSE: VICI), in its pending $17.2 billion strategic acquisition of MGM Growth Properties LLC (NYSE: MGP), its $6.25 billion acquisition with Apollo Global of the Las Vegas properties and operations of the Las Vegas Sands (NYSE: LVS), including the Venetian Resort, and its pending acquisition of The Mirage Hotel & Casino and lease to Hard Rock International.
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VICI Properties Inc. in multiple transactions, including its $3.2 billion transaction with Eldorado Resorts Inc. (NASDAQ: ERI) related to Eldorado’s business combination with Caesars Entertainment Corp. (NASDAQ: CZR); acquisition of the real estate assets of JACK Cincinnati Casino for approximately $558 million and lease to Hard Rock International; acquisition of the land and real estate assets of the Greektown Casino-Hotel for approximately $700 million from JACK Entertainment and lease to Penn National Gaming Inc. (NASDAQ: PENN); sale-leaseback of JACK Cleveland Casino and JACK Thistledown Racino; acquisition of land and real estate assets of Margaritaville Resort Casino and lease to Penn Gaming; and multiple other transactions.
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HC2 Holdings Inc. (NYSE: HCHC) in the $169 million sale of its Beyond6 clean-energy business to Mercuria Investments US Inc.
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Intersections Inc. (NASDAQ: INTX) in its going-private transaction with a new joint venture formed by iSubscribed, WndrCo and General Catalyst, as well as multiple prior acquisitions and joint ventures.
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VICI Properties Inc., in connection with a $5.8 billion unsolicited acquisition proposal from MGM Growth Properties LLC (NYSE: MGP).
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Stone Point Capital in the sale of Sabal Capital Partners to Regions Bank (NYSE: RF); sale of Finxera Holdings Inc. to Priority Technology Holdings Inc. (NASDAQ: PRTH) for $425 million in cash and stock; the sale of Enhanced Capital Group LLC to P10 Holdings Inc. for cash and equity; recapitalizations of Broadstone Net Lease (NYSE: BNL), an internally managed REIT; and Focus Financial Partners (NASDAQ: FOC) and multiple other acquisitions, dispositions and recapitalizations.
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Premier Brands Group in the sale of apparel brand Anne Klein to an affiliate of Wave Hill Partners and Oaktree Capital Management LP.
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NewPoint Real Estate Capital LLC, a joint venture of Meridan Capital Group and Barings LLC, in its acquisition of Housing & Healthcare Finance LLC.
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Nederlander Organization (Broadway Palace Theater Company) in its acquisition of theater presenter Jam Theatricals and subsequent formation of Nederlander National Markets.
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AMETEK Inc. (NYSE: AME), an S&P 500 company, in its acquisitions of MOCON Inc. (NASDAQ: MOCO) and Zygo Corp. (NASDAQ: ZIGO), as well as more than 20 other strategic acquisitions.*
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JPMorgan Asset Management – Real Estate Funds and Carr Properties in their multibillion-dollar joint venture with Alony Hetz relating to a Washington, D.C., portfolio of 21 office buildings.*
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JPMorgan Asset Management – Special Situation Properties Fund in its $500 million going-private acquisition of Columbia Equity Trust Inc., a NYSE-listed REIT.*
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NRDC Equity Partners in its $1.2 billion acquisition of Lord & Taylor from Federated Department Stores.*
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The VEBA Trust, a retiree health care trust affiliated with the United Auto Workers union, in the $3.6 billion sale of VEBA’s 41.5% interest in Chrysler Group LLC to Fiat S.p.A. (received the 2014 M&A Advisor award for Corporate/Strategic Acquisition (over $250 million) for this transaction).*
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Goldman Sachs in its acquisition of Metro International Trade Services, an international metals warehouse and logistics company.*
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Valiant Entertainment, a leading character-based entertainment company, in its multimillion-dollar financing and joint venture transaction with China-based DMG Entertainment.*
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Premcor Inc., a NYSE-listed independent oil refiner, in its $8 billion merger with Valero Energy Corp.*
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Orion Power Holdings Inc. in its $3.5 billion public company merger with Reliant Energy Inc.*
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Tosco Corp., the then-largest NYSE-listed independent oil refiner, in its $7.5 billion stock-for-stock merger with Phillips Petroleum Co.*
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Chelsea Property Group, a NYSE-listed REIT, in its $5 billion merger with Simon Property Group.*
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Longkloof Limited (as 16% stockholder) in a potential hostile takeover by unsolicited offer and proxy fight for New Frontier Media Inc.*
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CSTV: College Sports Television in its $325 million sale to CBS, which followed numerous venture capital financing rounds.*
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Perseus Telecom, a high-speed telecom provider, in its sale of minority interest to Goldman Sachs.*
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Tri-Ed Distribution Inc. in its sale of a majority interest (tax-free rollover) to Brazos Equity Partners.*
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Jefferies Capital Partners and its portfolio companies in numerous private equity investments and acquisitions.*
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Wheatley Partners and its portfolio companies in various venture capital investments and sale transactions.*
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Versamed, a venture capital-backed health care company, in its sale to GE Healthcare.*
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Oscar Capital Management LLC (Anthony Scaramucci and his partners, including MSD Capital) in its sale to Neuberger Berman.*
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W.L. Ross & Co. in its acquisition and related financing of Burlington Industries Inc. and of Cone Mills Corp. (Section 363 sales).*
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Carnegie Fabrics, a family-owned supplier and innovator of sustainable textiles and wallcoverings, and its principals in their sale of majority interest to Calera Capital.*
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Thumbplay Inc., a leading online platform of mobile entertainment content, in various venture capital and related financings and subsequent sale to Clear Channel Media.*
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(*Indicates work done prior to Kramer Levin.)
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VICI Properties Inc. in its $1.4 billion IPO, the fourth-largest REIT IPO to date.
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PBF Energy Inc., a NYSE-listed independent oil refiner, in its $600 million IPO, which was the first energy company to use the “Up-C” structure.*
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PBF Logistics LP, a NYSE-listed master limited partnership formed by PBF Energy, in its $360 million IPO.
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Stone Point Capital in connection with the IPO of Focus Financial Group and Broadstone Net Lease, and the $330 million selling stockholders public offering of Focus Financial Group.
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PBF Energy in seven public offerings of more than $2.5 billion in shares of Class A Common Stock.
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VICI Properties Inc. in its $725 million follow-on common stock public offering.
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PBF Logistics in multiple follow-on common unit public offerings and registered direct offerings.
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CAMTEK Ltd. (NASDAQ: CAMT) (TASE: CAMT), in its 144A offering of $175 million of 0% convertible notes and its public offering of 4,025,000 ordinary shares.
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PBF Holding Co. in billions of dollars of Rule 144A high-yield debt offerings, including $1.25 billion of senior secured notes, $1 billion of senior unsecured notes, $725 million of senior unsecured notes, $675 million of senior secured notes and $500 million of senior secured notes, and related tender offers and redemptions of existing notes and subsequent Exxon A/B exchange offers.
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Del Monte Foods in connection with its high-yield debt offering of $500 million of senior secured notes, as part of a multibillion-dollar refinancing of its debt.
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PBF Logistics LP in Rule 144A high-yield debt offerings of $350 million and $150 million senior notes, and subsequent Exxon A/B exchange offer.*
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New York-Presbyterian Hospital in Rule 144A offering of $850 million multiple series bonds, including rare “century” (100-year) bonds.*
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Cedar Realty Trust Inc., a NYSE-listed REIT, in various underwritten and at-the-market common stock and redeemable preferred stock offerings.*
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AMETEK Inc. (NYSE: AME), an S&P 500 company, in its acquisitions of MOCON Inc. (NASDAQ: MOCO) and Zygo Corp. (NASDAQ: ZIGO), as well as more than 20 other strategic acquisitions.*
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Premcor Inc., one of the then-largest NYSE-listed independent oil refiners, in billions of dollars of public/Rule 144A offerings of common stock and high-yield notes and secured financings.*
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Chelsea Property Group Inc., a then-NYSE-listed REIT that owned and operated premium outlet centers, in multiple common stock and high-yield notes offerings.*
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Orion Power Holdings Inc., a NYSE-listed merchant generation company backed by Goldman Sachs and Constellation Energy, in its IPO and subsequent billions of dollars of equity and high-yield debt offerings.*
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Laser Mortgage Management Inc., a NYSE-listed mortgage REIT, in its IPO.*
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(*Indicates work done prior to Kramer Levin.)
Credentials
Education
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J.D., cum laude, University of Pennsylvania Law School, 1996 - Editor, University of Pennsylvania Law Review, 1994 – 1996
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B.S., Applied Economics and Business Management, Cornell University, 1993
Bar Admissions
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New York, 1997
Professional Affiliations
- New York City Bar Association, Mergers, Acquisitions and Corporate Control Contests Committee (2007 – 2010)
Focus Areas
- Corporate
- Equity Capital Markets
- Mergers and Acquisitions
- Private Equity
- Corporate Governance
- Leveraged Finance
- Banking and Finance
- Executive Compensation and Employee Benefits
- Public Companies
- Real Estate Investment Trusts (REITs)
- Crisis Management
- Special Situations
- Health Care
- Distressed Investing
- Private Credit
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*No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.