Weil Advises Morgan Stanley in Bridge Financing for Harris Corporation’s Acquisition of Exelis, Inc.

Wednesday, February 18, 2015 - 13:53

A Weil team led by New York partners Morgan Bale, Frank Adams and Raymond Gietz advised Morgan Stanley in providing $3.4 billion of fully committed bridge financing to Harris Corporation, an international communications and information technology company serving government and commercial markets in more than 125 countries, for its $4.75 billion acquisition of Exelis, Inc., a diversified, top-tier global aerospace, defense, information and services company. The transaction is expected to close in June 2015.

The Weil team advising Morgan Stanley was led by Banking & Finance partner Morgan Bale, Capital Markets partner Frank Adams and M&A partner Raymond Gietz, and included Tax partner William Horton; Environmental partner Annemargaret Connolly (Washington, D.C.); Litigation partner Steven Tyrrell (Washington, D.C.); Public Company Advisory Group partner Lyuba Goltser; Executive Compensation & Benefits counsel Steven Margolis; Environmental counsel Matthew Morton (Washington, D.C.); Banking & Finance associates Heather Viets, Peter Puk and Rachel Trudeau; Capital Markets associates Jennifer Waisberg and Ashley Butler; M&A associate Dawn Kim; Litigation associates Erin Yates (Washington, D.C.) and Timothy Welch (Washington, D.C.); and Executive Compensation & Benefits associate Brian Hamano (all in New York unless otherwise specified).

This transaction is the latest in a series of high-profile investment grade acquisition financings Weil has advised leading investment banks on over the past year.