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John Gourary, a corporate partner in our New York office, has more than 25 years of experience in bank finance transactions (including structured finance and other asset-based transactions), as well as in mergers and acquisitions and venture capital transactions. He has handled transactions in these areas for, among others, Abbey National, Abbott Laboratories, Charlesbank Capital Partners, Emory University, GE Capital, Genworth, LIN Television, Kerr-McGee, Microsoft, Northwestern University, Pfizer, Resource America, UBS, University of Rochester, and Zurich Financial Services.
Mr. Gourary's practice has recently centered on syndicated loan transactions as well as innovative financings of unusual asset classes, including in particular the acquisition and financing (or sale) of pharmaceutical royalty streams. He advised Northwestern University on the sale of a portion of its worldwide royalty interest in Lyrica for $700 million, the largest monetization ever of a royalty stream for a pharmaceutical product. Mr. Gourary also advised Emory University on its ground-breaking monetization of the royalty rights associated with Emtriva for $540 million, recognized by Investment Dealers' Digest as the 2005 Healthcare Deal of the Year, and helped Centre Solutions, a member of the Zurich Financial Services Group, develop and structure the first pharmaceutical royalty securitization, a $130 million senior/subordinated financing, on behalf of a major university, of the rights associated with the intellectual property at the core of a leading pharmaceutical product.
Other representative banking and structured finance transactions include:
- A $5.5 billion multi-tranche senior secured credit facility for Kerr-McGee and a subsequent $1.25 billion revolving credit facility, each led by JPMorgan.
- A $22.5 billion multi-currency credit facility for GE Capital, led by JPMorgan.
- Repurchase agreements for Microsoft to finance its $30 billion dividend payment and its $20 billion stock self-tender.
- A $550 million senior secured credit facility for LIN TV, led by JPMorgan.
Publications and Speeches
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