Richard A. KahnSpecial Counsel
In 2017, Mr. Kahn advised CIT Group on its $2.75 billion tender offer for its common stock, the Canadian Pension Plan Investment Board on its loan purchase facility with Square Inc., TCW Group on the sale of a minority interest to Nippon Life Insurance Company and Bancolombia and Colbún S.A. on intermediated tender offers.
Mr. Kahn has worked with underwriters and issuers on contingent liquidity facilities for Principal Financial Group (2018), Voya Financial (2015) and Prudential Financial (2013).
In liability management, he has advised on tender and exchange offers and consent solicitations involving Aflac, AIG, Assurant, First Midwest, Goldman Sachs, Lincoln National, Nelnet, Popular, Regions Financial, SunTrust and Wells Fargo. He has also advised on remarketing transactions, including many involving innovative structures, for issuers including AIG, BNY Mellon, Goldman Sachs, KeyBank, PPL, Spire, SunTrust, United Technologies and Wells Fargo. He works regularly with several leading international financial institutions on cross-border structured finance transactions.
He advised ING Groep N.V. on its debut dollar-denominated Perpetual Additional Tier 1 Contingent Convertible Capital Securities in 2015, as well as on its 2009 Alt-A RMBS risk transfer transaction with the Dutch State. He has also advised BNY Mellon on the resecuritization of a portion of its RMBS portfolio and he has advised a number of banks on whole loan sales and as letter of credit providers on timber installment sales transactions. He also advised Artisan Partners Asset Management on the Up-C restructuring for its 2013 IPO.
He has advised on over 45 completed debt hybrid transactions for issuers including AIG, CapitalOne, JPMorgan Chase, PPL, Prudential Financial and Wells Fargo; 10 completed common equity units transactions for issuers including AIG, Citigroup, MetLife, Morgan Stanley and United Technologies; and 10 completed preferred equity units offerings for issuers including BNY Mellon, Goldman Sachs, SunTrust, US Bank and Wells Fargo.
Based in Frankfurt and Paris from 1993 to 2000, Mr. Kahn worked on a variety of privatizations, initial public offerings and other securities transactions.