Purun Cheong
Overview
Experience
Representative Matters
Devon Energy Corporation (NYSE: DVN) in its $2 billion senior unsecured multi-tranche delayed draw term loan facility to finance its acquisition of the Williston Basin business of Grayson Mill Energy
Ryan, LLC in its CAD $700 million acquisition of the Property Tax business of Altus Group Limited
WeWork Inc., in its emergence from Chapter 11 bankruptcy that effectuated an exit credit facility providing a $450 million senior secured cash collateralized “first out” letter of credit facility for dual SPV borrowers, a $441 million senior secured limited recourse “last out” term loan C facility and the equitization of its term loan obligations
WeWork Companies U.S. LLC, a subsidiary of WeWork Inc. (NYSE: WE), in its senior secured first priority debtor in possession “last out” term loan C facility in an aggregate principal amount of approximately $670 million provided by Softbank Vision Fund II 2 L.P., and senior secured first priority cash collateralized debtor in possession “first out” letter of credit facility provided by Goldman Sachs International Bank and JPMorgan Chase Bank, N.A. in an aggregate amount plus any unreimbursed drawings thereunder not to exceed $650 million, at any time outstanding, in connection with its Chapter 11 process
ONEOK, Inc. (NYSE: OKE) in its $5.25 billion bridge commitments in connection with its $18.8 billion acquisition of Magellan Midstream Partners, L.P. (NYSE: MMP)
Valor Upstream Credit Partners, L.P., an upstream credit fund formed by Riverstone Credit Partners and Vitol, in a senior secured term loan with Recoil Resources, a privately held oil and gas
Dave & Buster's Entertainment, Inc. (NASDAQ: PLAY) in the $900 million refinancing of its term B loan facility and re-pricing of its $500 million revolving credit facility
WeWork Companies LLC, a subsidiary of WeWork Inc. (NYSE: WE), in a liability management transaction that effectuated offers to exchange $1.2 billion of its existing public notes for a combination of newly issued second lien or third lien notes and common stock and $1.65 billion of its unsecured notes held by SoftBank for newly issued second lien convertible notes, third lien convertible notes and common stock, reducing WeWork’s net debt by approximately $1.5 billion, and a concurrent primary offering of $500 million of newly issued first lien notes
Riley Exploration Permian, Inc. (NYSE: REPX) in its acquisition of oil and gas assets in the Permian Basin from Pecos Oil & Gas, LLC and its issuance of senior unsecured notes in connection therewith
WeWork Companies LLC, a subsidiary of WeWork Inc. (NYSE: WE), in an amendment and extension of its letter of credit facility to increase the junior letter of credit commitments by $120 million, thereby increasing the aggregate junior tranche reimbursement obligations to $470 million
Altera Infrastructure L.P., a global provider of critical infrastructure assets to the offshore energy industry, in its entry into its debtor-in-possession credit facility, and subsequent financing of seven exit credit facilities totaling nearly $1.6 billion, in connection with its emergence from Chapter 11 bankruptcy
WeWork Companies LLC, a subsidiary of WeWork Inc. (NYSE: WE), a global flexible-space provider, in connection with an amendment and extension of the senior tranche of its aggregate $1.45 billion letter of credit facility
WeWork Inc. (NYSE: WE) in the issuance by its subsidiaries of $250 million in aggregate principal amount of senior secured notes
Ryan, LLC, a global tax services, software and technology firm, on $975 million of senior secured multicurrency credit facilities
WeWork Companies LLC, a subsidiary of WeWork Inc., in connection with an amendment and reallocation of letter of credit commitments in amount of $350 million into a junior letter of credit tranche under an aggregate $1.6 billion letter of credit facility
Cureton Front Range, a midstream oil and gas company, in its acquisition of a portfolio of midstream assets from Aka Energy Group
WeWork Companies LLC, a subsidiary of WeWork Inc., in connection with an amendment and extension to its $1.75 billion letter of credit facility
Prior Experience
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Credentials
Admissions & Qualifications
- Texas
- New York
Languages
- English
- Korean
Education
- Harvard Law SchoolJ.D.cum laude2017
- Stanford UniversityM.A., International Relations2011