The New York Philharmonic’s home will reopen in fall 2022, nearly two years ahead of schedule, thanks in part to behind-the-scenes legal work by Haynes and Boone, LLP.
The firm represented the New York Philharmonic in connection with financing that will allow it to speed up the planned $550 million renovation of David Geffen Hall at Lincoln Center for the Performing Arts.
Partner Alex Grishman led the Haynes Boone deal team representing the Philharmonic in the financing, with assistance from two of his colleagues in the firm’s New York office: Partner Daniel Lisk and Associate Eitan Stavsky. First Republic Bank was represented by Norton Rose Fulbright. Lincoln Center for the Performing Arts was represented by Patterson Belknap Webb & Tyler LLP.
About $500 million has been raised for the renovation of David Geffen Hall, the vast majority coming from private sources, the Philharmonic and Lincoln Center announced.
Originally, the renovation project was to be done in stages that would allow the orchestra to remain in the hall some of the time. Concert cancellations because of COVID-19 allowed construction to begin earlier than planned.
“Our accelerated renovation plan for David Geffen Hall allows us to make the most of COVID-19 closures to complete the renovation process faster and more efficiently, without stops and starts,” Deborah Borda, Linda and Mitch Hart, president and CEO of the New York Philharmonic, said in an April 5 statement.
Adam Cox, executive director of the New York Philharmonic, said: “Haynes and Boone played a critical role in allowing the New York Philharmonic and Lincoln Center to accelerate the renovation of David Geffen Hall. Because of the deep expertise and experience of Alex and his team, we were confident throughout this complex negotiation. We are grateful to have had them as partners.”
Haynes Boone’s Finance Practice Group has handled hundreds of deals worldwide in recent years. The firm structures new and sophisticated financing vehicles that fit the business needs of its clients, and it brings together lenders and borrowers to make deals. The Loan Pricing Corporation Law Firm League Tables, a national ranking of law firms handling syndicated loan transactions on behalf of lead arrangers, agents, or borrowers, has consistently ranked Haynes and Boone among the top 15 firms in the U.S. in terms of total volume of syndicated loans handled by the firm on behalf of lenders.
Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Charlotte, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum of legal services in energy, technology, financial services and private equity. With 600 lawyers, Haynes and Boone is ranked among the largest U.S.-based firms by The National Law Journal, The American Lawyer and The Lawyer. It also was recognized for excellence in the BTI Consulting Group’s 2021 “A-Team” report, which identifies the law firms that in-house counsel commend for providing superior client service.
The following publications reported on Haynes and Boone's representation of the New York Philharmonic:
Law.com Radar
ABL Advisor (subscription only)
ABF Journal