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Financial Disruptions Through COVID-19 -- Lender Reactions and Potential Options to Date

Speaker(s): Scott B. Selinger, Sunil W. Savkar
Recorded on: Jun. 15, 2020
PLI Program #: 301938

Scott Selinger is a corporate partner based in Debevoise & Plimpton’s New York office. Mr. Selinger is a member of the firm’s Finance Group and Private Equity Group, and focuses his practice on complex acquisition and leveraged finance transactions.

Mr. Selinger has extensive experience in syndicated bank loan and high-yield bond transactions. He regularly advises the firm’s private equity and corporate clients in connection with the financing of acquisitions, investments and restructurings, including the $5 billion merger of Brand Energy and Infrastructure Services and Safway Group by Clayton, Dubilier & Rice and Brand Energy, the $2.5 billion acquisition of HD Supply’s Waterworks Division by Clayton, Dubilier & Rice, the $2.73 billion acquisition of Local TV Holdings by Tribune Company, the $1.835 billion acquisition of Fidelity & Guaranty Life by The CF Corporation and The Blackstone Group, and the $3.2 billion acquisition of Emergency Medical Services Corporation by Clayton, Dubilier & Rice.

Mr. Selinger is recognized as a leading lawyer by Chambers Global 2018 and Chambers USA 2018, where clients report that he is “extremely knowledgeable in the subject matter and offers recommendations based upon market activity.” He is also recommended by IFLR 1000 2018 and The Legal 500 US 2018, where clients have noted that “he demonstrates depth beyond his age.”

Mr. Selinger joined the firm in 2010. Prior to joining the firm, Mr. Selinger was an associate at a New York-based international law firm where he represented financing sources in numerous transactions, including the leveraged buyouts of TXU, First Data and U.S. Foodservice and the acquisition of Procter and Gamble’s prescription drug business by Warner Chilcott.

Mr. Selinger graduated cum laude from Brooklyn Law School in 2006. While at Brooklyn Law School, he was a member of the Journal of Law and Policy and served on the planning board for the Brooklyn Journal of Corporate, Financial & Commercial Law. Mr. Selinger is currently a member of the Brooklyn Law School Alumni Association’s Board of Trustees and has previously served as a Recent Graduate Trustee on the Brooklyn Law School’s Board of Trustees. He received a B.A. from Brandeis University in 2003.

Mr. Selinger is a member of the Bar of the State of New York.

Sunil W. Savkar is a corporate partner and member of the Finance Group. His practice focuses on complex acquisition and leveraged financings.

Mr. Savkar is consistently ranked as one of the top finance practitioners in the field. He is recommended by Legal 500, Finance (2015-2018) and IFLR1000 Leading Lawyer (2015-2017), Highly Regarded (2018-2019). Mr. Savkar has primarily advised private equity clients and their portfolio companies, and public and private companies, in senior and junior credit facilities, mezzanine and subordinated financings and high-yield offerings. His transactions have included numerous large and middle-market domestic and international financing transactions.

Mr. Savkar joined Debevoise in 2019. Prior to joining the firm, Mr. Savkar was a member of the Finance Group at a leading international law firm, where he became a partner in 2007.

Mr. Savkar received his J.D. from Columbia University School of Law, and was a Harlan Fiske Stone Scholar, Kent Scholar and Articles Editor of the Columbia Journal of Transnational Law. He received his Master’s of Engineering and B.S. in Electrical Engineering from Cornell University. Mr. Savkar worked in the semiconductor and computer industries for five years before attending law school and is a member of the Institute of Electrical and Electronics Engineers.

Mr. Savkar also serves as the U.S. Board Chair of Breakthrough, a global human rights non-profit organization using technology and media to drive culture change, with a particular emphasis on ending gender-based discrimination and violence.