Alexandru Mocanu is counsel in the finance department of Ropes & Gray’s London office.
Alexandru regularly represents private equity sponsors, borrowers as well as arrangers, underwriters, bank syndicates and private credit funds in cross-border acquisition financing transactions, corporate reorganisations and refinancing transactions, executed under New York or English law in the U.S., European, Asian and Latin American finance markets.
Prior to joining Ropes & Gray in April 2015, Alexandru worked in both New York and London at another international U.S. firm.
Experience
Selected experience includes advising:
- Tillman FiberCo, LLC, a leading developer of open-access fiber infrastructure, on its $815 million committed debt financing with a syndicate of lenders, the proceeds of which will support the deployment of fiber-to-the-home networks throughout Florida, with the new credit facility providing for up to $200 million of additional term loans
- Tillman Infrastructure, LLC, a leading provider of wireless communication infrastructure, on a $500 million term loan facility with a syndicate of lenders, the proceeds of which were used to refinance existing loans and provide additional growth capital to support its wireless carrier and wireless infrastructure service provider customers' infrastructure needs
- Altice International on an incremental term loan in the aggregate principal amount of €800 million
- Cable & Wireless Communications Limited, a subsidiary of Liberty Latin America Ltd., and its subsidiaries in connection with a $1 billion bond issuance of Senior Secured Notes as well as in connection with certain maturity extension amendments to the group’s revolving credit facilities
- Baring EQT in partnership with its portfolio company, Tricor, in connection with debt financing for the merger of Vistra with Tricor in a transaction which values the combined company at an enterprise value of $6.5 billion
- Altice USA on the successful pricing of a new $2 billion 5-year senior secured term loan B for CSC Holdings, LLC, a wholly-owned subsidiary of Altice USA
- Altice International S.à r.l. on the successful refinancing of €1.7 billion (equivalent) of term loans and on the raising of €400 million (equivalent) of new term loans
- InfraBuild, Australia's largest vertically integrated steel long manufacturer, on a $350 million asset-backed term loan
- Altice France in its €5.9 billion refinancing alongside raising €150 million of new term loans and extending its €1 billion revolving credit facilities.
- Cabletica, a Liberty Latin America affiliate, on the addition of a delayed draw Term Loan facility including a $228 million Term Loan B, $59 million Term Loan B denominated in Costa Rican Colones, and a $15 million RCF in connection with financing for the acquisition of Telefonica Costa Rica
- LCPR Loan Financing LLC, a Liberty Latin America affiliate, on a $500 million Term Loan B used for refinancing purposes
- Baring PE Asia, one of Asia's largest private alternative investment firms, in connection with the debt financing commitments for the acquisition of Tricor Group, at an enterprise value of $2.76 billion
- Cable & Wireless, a Liberty Latin America affiliate, on a $590 million Term Loan B used for refinancing purposes
- Sotheby’s on a Term Loan B of approximately US$470 million (and successive refinancings) and a $400 million revolving credit facility
- A family office in connection with a senior & mezzanine real estate loan financing in an aggregate principal amount of €775 million secured by one of the world’s largest data centre
- Altice France in connection with the financing commitments for their initial €1 billion bid to acquire Covage and the financing structure of the subsequent €667 million bridge loan joint bid by Altice France and a consortium led by OMERS
- on the financing in connection with acquisitions by XpFibre Holding, a joint venture of Altice France and a consortium of infrastructure investors including OMERS, Allianz and AXA, including on a term loan facility in an aggregate principal amount of €525 million, and a bridge term loan facility in an aggregate principal amount of €175 million, to finance the rollout of fiber-to-the home connections in France
- Next Alt S.à r.l, an entity controlled by Patrick Drahi, the founder and majority shareholder of Altice Europe, now New Altice Europe B.V., on the financing aspects of its take-private of Altice Europe
- BidFair Limited and its affiliates in connection with the financing aspects of the acquisition of Sotheby’s, a previously NYSX listed company
- Altice USA on the financing of its approximately $2.3 billion sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners
- Samsonite International S.A., the world’s largest travel luggage company, on the offering of €350 million 3.5% Senior Notes due 2026 by Samsonite Finco S.a r.l.
- Harbin Pharmaceutical Group Holding Co., Ltd in connection with the financing aspects of strategic investment of approximately $300 million in GNC Holdings, Inc.
- A syndicate of banks in the combination of Intrum Justitia and Lindorff in connection with financing commitments - €3 billion equivalent unsecured notes and a €1.1 billion revolving credit facility
- The arranger and the revolving lender in connection with a $260 million first lien term loan and a $25 million super senior revolving credit loan facility for Navico, Inc.
- various credit groups of New Altice Europe B.V. in frequent refinancing, extension and amendment transactions for term loan, revolving credit facilities, guarantee facilities and bridge facilities
- The purchasers in connection with the purchase of second lien notes issued by N&W Global Vending in a private high-yield transaction
- Altice N.V. on its cross-border equity and debt financing for the acquisition of Cablevision, the leading cable system operator in the New York metropolitan area. The $10.6 billion debt financing package included a $3.8 billion covenant lite term loan, $2 billion credit revolving facility and three tranches of high yield notes: the offering of $1.8 billion 101/8% Senior Notes due 2023, $2 billion 107/8% Senior Notes due 2025 and US$1 billion 65/8% Senior Guaranteed Notes due 2025 and Altice N.V also raised €1.6 billion via an equity placement through the accelerated book build method
- Altice S.A. in connection with a “covenant lite” term loan and revolving credit facility for the acquisition of Suddenlink, the seventh largest cable system operator in the United States by Altice S.A.
- A major U.S. private equity sponsor in connection with the financing of the acquisition of the largest advanced wound care services provider in the U.S., in a transaction valued at $910 million and subsequently, the add-on acquisition of the second largest advanced wound care services provider in the U.S.
- A major U.S. private equity sponsor in connection with the financing of the acquisition of a leading provider of hospital pharmacy- outsourced sterile compounding services
- A major music company in connection with the financing of its acquisition of a former division of EMI Music for a purchase price of approx. $765 million
Credentials
Clerkships
Awards
Disclaimer
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