Matthew Sadofsky guides public and private companies, investment banks, institutional investors and other financial service clients through complex capital market and corporate finance transactions.
Matt provides strategic legal counsel to issuers, institutional investors and investment banks across all phases of domestic and international public offerings and private placements, including initial public offerings; follow-on equity, preferred stock and convertible notes offerings; at-the-market offerings; registered direct offerings; private investments in public equity (PIPEs) and registered/unregistered senior investment-grade, secured and unsecured high-yield and subordinated debt offerings, exchanges and repurchases; other acquisition financing; and related private equity leverage transactions.
He is particularly well-versed in advising public issuers, including business development companies (BDCs) and real estate investment trusts (REITs), as well as investment banks and other financial institutions in securities and regulatory compliance and corporate governance matters that impact capital markets and corporate finance transactions. These clients often turn to Matt to advise on state and federal securities law compliance, disclosure and other U.S. Securities and Exchange Commission (SEC) rules and regulations, stock exchange listing and reporting rules, and corporate governance rules and best practices.
Matt most recently practiced in the capital markets group at an Am Law 20 firm, where he also seconded at one of the largest asset managers in the world, advising the client’s registered fund group and private credit business on financing transactions, securities law compliance and corporate governance. He has experience gleaned from the capital market and corporate finance practices at other well-known global law firms. In addition, Matt is a visiting instructor at New York Law School, where he teaches a class on securities offerings and capital market transactions.
Featured Representative Matters
Advised 1st Colonial Bancorp Inc. in a merger agreement with Mid Penn Bancorp Inc. and related shareholder meeting approving the transaction, in which Mid Penn acquired 1st Colonial in a cash and stock transaction valued at approximately $106.1 million.
Represented Customers Bancorp, a bank holding public company that operates through its wholly owned banking subsidiary Customers Bank, in the closing of its underwritten public offering of $100 million in aggregate principal amount of its 6.875% fixed-to-floating-rate subordinated notes due 2036.
Represented Customers Bancorp, the holding company for Customers Bank, in connection with its $172.5 million underwritten public offering of common stock.
Represented the underwriters in the $800 million IPO of Accelerant Holdings Inc.
Represented the sales agents in the $300 million at-the-market (ATM) program of Morgan Stanley Direct Lending Fund.
Represented the underwriters in the $600 million senior notes public offering of Tampa Electric, a subsidiary of Emera Inc.
Represented DIRECTV, a TPG portfolio company, in its $600 million Rule 144A/Reg S high-yield senior secured notes offering.
Represented DIRECTV in its proposed debt exchange of $2.75 billion of senior notes.
Represented Surgery Partners, a Bain Capital portfolio company, in its $800 million Rule 144A/Reg S high-yield senior notes offering and concurrent redemption of outstanding senior notes.
Represented the initial purchasers in Apollo Debt Solutions BDC’s inaugural Rule 144A/Reg S $650 million senior notes offering.
Represented the underwriters in the $270 million IPO of Nuveen Churchill Direct Lending Corp.
Represented PIMCO Flexible Municipal Income Fund in its $150 million private offering of Remarketable Variable Rate MuniTerm Preferred Shares.
Represented the underwriters in the $250 million IPO of Blackstone Secured Lending Fund.
Represented the sales agents in the $800 million ATM program of Blackstone Secured Lending Fund.
Represented the investment banks in registered and unregistered offerings of an aggregate of $2.5 billion of senior notes of Blackstone Secured Lending Fund.
Represented the underwriters in the $110 million IPO of Runway Growth Finance Corp.
Represented the investment banks in registered and unregistered offerings of an aggregate of $6 billion of senior notes of Blackstone Private Credit Fund.
Represented the underwriters in several Trinity Capital Inc. public offerings of common stock, baby bonds and investment-grade notes.
Represented the underwriters in a $100 million public offering of Granite Point Mortgage Trust REIT’s Series A fixed-to-floating cumulative stock.
Represented the initial purchasers in the Blackstone Private Credit Fund 250 million British pound notes offering (the first BDC British pound notes offering).
Represented the initial purchasers in the Blackstone Private Credit Fund 500 million euro Eurobond offering (the first BDC Eurobond offering).
Represented the sales agents in Seres Therapeutics $150 million ATM offering and the placement agents in its $100 million registered direct offering.
Represented Spanish Broadcasting System in connection with its $300 million high-yield senior secured notes offering and related capital restructuring.
Represented the underwriters in $2 billion in equity offerings by Clarivate Plc.
Represented the underwriters in Main Street Capital BDC’s $500 million senior notes offering.
Represented Braemar Hotels & Resorts Inc. REIT in connection with its public offering of Series D cumulative preferred stock.
Represented Howard Hughes Corp. in its secondary offering of $330 million shares of common stock by Pershing Square.
Represented Hydro One Inc. in its $1.8 billion IPO.
Represented Tim Hortons Inc. in its $12.5 billion sale to Burger King Worldwide Inc.
Community Impact
Matt is a volunteer for both Mothers Against Drunk Driving (MADD) and the Drew Hassenbein Foundation, which is a nonprofit that provides underprivileged children with the opportunity to learn and play competitive tennis. Matt is a former president and executive board member of Roslyn Little League, a youth sports organization.
Memberships
Board Member, Hamlet East Condominium Association (2023-present)
Featured Speaking Engagements
Panelist, “The New Reporting Reality: Skills and Structures Every Organization Needs Now,” Pro Groups Live: Philadelphia
