Representative Experience

• Gladstone Commercial Corporation Completes Public Offering of Series G Preferred Stock

  Representation of Gladstone Commercial Corporation in its offering of 4,000,000 shares of its newly designated 6.00% Series G Cumulative Redeemable Preferred Stock raising $100.0 million in gross proceeds and approximately $96.7 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering. Stifel, Goldman Sachs & Co. LLC, B. Riley Securities and Baird acted as joint book-running managers of the offering, and Janney Montgomery Scott LLC, Ladenburg Thalmann, Colliers Securities LLC and Wedbush Securities served as co-managers of the offering.

  Gladstone Commercial Corporation (Nasdaq: GOOD) is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the United States.

• $265 Million Financing for NN, Inc.

  Representation of NN, Inc. (NASDAQ: NNBR) in a new financing with J.P. Morgan, funds managed by Oaktree Capital Management, L.P., and investment funds managed by Morgan Stanley Tactical Value providing a $50 million asset-based credit line (ABL), a 5.5-year $150 million term loan, and a $65 million preferred stock issuance, respectively. Proceeds from the transaction will be used to repay the current principal balance of $70 million on its term loans due in 2022, to redeem its current $100 million outstanding preferred stock, prior to the increase in redemption premium at March 31, 2021, and pay off its fixed interest rate swap of $14 million. The transaction enables the company to strengthen its balance sheet by extending its capital structure’s maturity at an attractive blended cost of capital, allowing the company financial flexibility to continue its current business transformation efforts.

• Gladstone Land Corporation Completes Public Offering of Series D Preferred Stock

  Representation of Gladstone Land Corporation in its offering of 2,100,000 shares of its newly designated 5.00% Series D Cumulative Term Preferred Stock with proceeds of $58,000,000.

• Gladstone Land Corporation October 2020 Common Stock Offering

  Representation of Gladstone Land Corporation in its underwritten offering of 1,897,500 shares of common stock for net proceeds of approximately $26.1 million. Janney Montgomery Scott LLC acted as lead book-running manager; B. Riley Securities and Ladenburg Thalmann & Co. Inc. acted as co-book running managers; and Aegis Capital Corp., Kingswood Capital Markets, division of Benchmark Investments, Inc., Maxim Group LLC, National Securities Corporation, a wholly owned subsidiary of National Holdings Corporation (NasdaqCM: NHLD), and Wedbush Securities Inc. served as co-managers.

• Pro Bono Partnership with Advance Memphis to Impact Low-Income Communities
  As part of our pro bono commitment to empower communities and help remedy the economic inequalities that pervade low-income communities,...
• $955 Million in Financing Transactions for Smyrna Ready Mix Concrete
  We represented concrete supplier and manufacturer Smyrna Ready Mix Concrete in its offering of $830,000,000 of 6.00% senior secured notes...
• AutoZone August 2020 Notes Offering

  Representation of AutoZone, Inc. (NYSE: AZO) in a public offering of $600,000,000 of 1.650% Senior Notes due 2031.

• AutoZone 2020 Notes Offering

  Representation of AutoZone, Inc. (NYSE: AZO) in a public offering of $500,000,000 of 3.625% Senior Notes due 2025 and $750,000,000 of 4.000% Senior Notes due 2030

• Memphis Attorneys Provide Pro Bono Advice During Saturday Legal Clinic

  Volunteered for Memphis Area Legal Services’ Saturday Legal Aid Clinic to provide pro bono legal advice to community members

• AutoZone 2019 Notes Offering

  Representation of AutoZone, Inc. in a public offering of $300,000,000 of 3.125% senior notes due 2024 and $450,000,000 of 3.75% senior notes due 2029.