WSJ: Evercore and Lazard tapped for Boeing Advisory
In the journal earlier today:
https://www.wsj.com/articles/boeing-taps-investme…
"Lazard LAZ and Evercore Inc. EVR will help Boeing analyze government aid and potential funding from the private market, people familiar with the matter said. The U.S. Treasury Department has earmarked up to $17 billion of federal aid for Boeing and its suppliers as part of a larger rescue of the airline industry in the roughly $2 trillion stimulus package."
"On the other side of the table, Treasury has tapped its own banks to help it decide how to dole out the aid to the aerospace providers, as well as to airlines and other industry players.
PJT Partners Inc. is advising on the roughly $50 billion available for commercial airlines under the stimulus bill. Moelis & Co. is working on the roughly $8 billion in aid for cargo carriers and Perella Weinberg Partners on the money for firms critical to national security, which would include Boeing."
Thoughts? Seems like these two did hold out for the debtor side mandates. Curious to see where HL is in this mix.
Makes sense
Will be interesting to see how this plays out. The equity kicker demanded by the Treasury may be a huge sticking point, as it's really uncharted territory.
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or they were already working with Boeing...
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Which evercore and Lazard offices and groups will work on this project? Lazard has a Chicago office where Boeing is headquartered.
I'm assuming Evercore will probably work out of NY, where the vast majority of their team is based.
EVR might be out of Chicago - they hired Aronson from Lazard a couple years back and he is based in CHI. It’s probably such a large team though that they have both NY and CHI people working together
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Lazard Capital Structure Advisory out of NY will probably be assisting.
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