Paul E. Denaro is a partner in the New York office of Milbank and a member of the firm’s Capital Markets Group. A partner at Milbank since 2008, Mr. Denaro’s practice centers on issuances of debt and equity securities and financial restructurings.
Primary Focus & Experience
Mr. Denaro has extensive experience in both domestic and international capital markets transactions. His securities practice also includes securities regulatory counseling under the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940.
Among his recent representations:
issuers and underwriters in high-grade corporate and sovereign transactions including, issuances for Verizon Communications, The Government of Canada, Export Development Canada, and the Government of Bermuda. Mr. Denaro represented the underwriters in Verizon’s $49 billion bond offering to fund its acquisition of Verizon Wireless. The $49 billion offering is the world's largest debt capital market transaction.
creditors in some of the largest and most complicated out-of-court and in-court restructurings, including the Affinion, J. Crew, Natural Resource Partners, QGOG Constellation and W&T Offshore out-of-court recapitalizations and CapMark, Chaparral, Gulfmark, Gymboree, Linn Energy, Momentive, Penn Virginia, Relativity and US Shale bankruptcies.
underwriters and issuers in aircraft finance transactions, including enhanced equipment trust certificates (EETCs), aircraft and engine portfolio securitizations, and secured and unsecured bond offerings.
underwriters and issuers in high-yield debt offerings including, issuances for AerCap, Apex Tools, Contour Global, Tenet Healthcare, Sterigenics, TransUnion and Unifrax as well as numerous issuances in the power and energy sectors.
Recognition & Accomplishments
Mr. Denaro is recognized by International Finance Law Review as a “market Leader” and The Legal 500 for his capital markets work. He graduated from Columbia Law School as a Harlan Fiske Stone Scholar in 1999 and magna cum laude and Phi Beta Kappa from Duke University in 1996.
- Columbia Law School, J.D.
- Duke University, B.A.
- New York