Alan H. Paley is a retired partner and currently of counsel to the firm. He had been a corporate partner and a prominent securities and corporate governance lawyer. He has wide-ranging capital markets experience, representing domestic and international companies in many industries as issuers of securities and also advising companies and their boards on securities compliance and governance matters. In addition, he frequently has represented buyers, sellers and advisers in mergers & acquisitions. Chambers USA(2008) recognizes Mr. Paley for being, “well regarded for his expertise in capital markets and corporate governance.” He is also recommended by The Legal 500 US (2010-2012), and clients note that Mr. Paley is “highly regarded as one of the go-to individuals in the market for capital markets advice.” In addition, Expert Guides ranks him as a leader in corporate and M&A law. Moreover, Mr. Paley is recognized as a leading securities lawyer in Chambers USA (2008), PLC Which Lawyer? (2008), IFLR1000 (2012) and IFLR’s Guide to the World’s Leading Capital Markets Lawyers.
Mr. Paley has coauthored numerous articles discussing developments under the federal securities laws, including the Sarbanes-Oxley Act of 2002. His articles include “U.S. SEC’s Proposals for Reform of Securities Offering Process” published in the World Securities Law Report in December 2004, and “U.S. SEC’s Interpretive Guidance on Management’s Discussion and Analysis” in the February 2004 issue of World Securities Law Report. Other recent articles include: “2 Developments May Change Shareholder Proposal Responses,” Law360 (February, 2015); “Good News on ‘Bad Actors,’” PE Manager (March, 2014); “Got Financing? You May Have to Extend Your Tender Offer,” The Harvard Law School Forum on Corporate Governance and Financial Regulation (April, 2013); “SEC Reporting Companies Must Disclose Certain Iran-related Activities,” Westlaw Journal – Securities Litigation & Regulation (March, 2013); “Duty To Disclose SEC Wells Notices Rejected By Judge,” The Harvard Law School Forum on Corporate Governance and Financial Regulation (July, 2012); “Testing The Waters,” International Financial Law Review (May, 2012); and “It’s Raining ‘JOBS’ – President Signs The ‘JOBS’ Act Into Law,” International Securities & Capital Markets Newsletter (April, 2012).
Mr. Paley is a member of the Association of the Bar of the City of New York (Committee on Securities Regulations 1989-1992) and the American Bar Association (Business Section, Committee on Federal Regulation of Securities).
Mr. Paley joined Debevoise in 1976 and was made a partner in 1984. He received his B.A. from Case Western Reserve University in 1972 and his J.D. from New York University in 1975, where he was editor-in-chief of the Review of Law and Social Change. He received his LL.M. from New York University in 1976 and was a Fellow at the New York University Securities Institute from 1975-76.
- Manulife Financial Corporation in its registered MJDS offering of $1.75 billion of senior notes consisting of $1.0 billion of 4.150% senior notes due 2026 and $750 million of 5.375% senior notes due 2046.
- Stone Point Capital in a $1.34 billion senior secured term loan facility, $200 million senior secured revolving credit facility and $535 million offering of senior notes in connection with Stone Point’s significant equity investment in Alliant Insurance Services.
- Westpac in its $1 billion offering of fixed rate covered bonds due 2016, pursuant to Rule 144A and Regulation S, the first offering of covered bonds by an Australian issuer in the United States.
- Westpac Banking Corporation in its registered public offering of $1.25 billion 1.25% notes due 2015 and $1 billion floating rate notes due 2015.
- Westpac Banking Corporation in the tender offer for its Australian-government guaranteed medium-term notes issued pursuant to Rule 144A.
- Westpac Banking Corporation in its $1.1 billion offering of 1.85% notes due 2013, its $1 billion offering of 3.0% notes due 2015 and its $400 million offering of floating rates notes due 2013.
- Manulife Financial in its $600 million offering of 3.40% senior notes due 2015 and $500 million offering of 4.90% senior notes due 2020.
- Westpac Banking Corporation in its $1 billion offering of 2.1% notes due 2013 and $2 billion offering of 3.00% notes due 2015.
- Manulife Financial Corporation in its Cd$2.5 billion offering of common shares.
Domtar in its $400 million offering of 10.75% senior notes due 2017.
- Westpac in its $1.5 billion sale of three-year notes guaranteed by the Government of New Zealand.
- Westpac in its $1 billion offering of stapled preferred securities in Australia, which includes a perpetual subordinated note issued by the New York branch and perpetual preferred shares issued by Westpac.
- Megacable Holdings its $6.83 billion pesos ($641 million) initial public offering in Mexico of ordinary participation certificates and a simultaneous international offering pursuant to Rule 144A and Regulation S.
- Domtar in its $1.475 billion offer to exchange debt securities.
- The Hartford Financial Services Group in the $690 million remarketing of 5.550% senior notes due 2008 and the subsequent remarketing of $330 million of 5.663% senior notes.
- Domtar in its $6 billion combination with Weyerhaeuser’s fine paper business in a “reverse Morris Trust” transaction; the new Domtar became the largest manufacturer of uncoated freesheet paper in North America.
- Westpac in its $2.25 billion offering of monthly extendible notes.
- New York University, 1976, LL.M.
- New York University School of Law, 1975, J.D.
- New York
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