During more than 20 years of practice, Kevin Vold has served as the lead attorney advising on corporate, securities and finance matters to clients in diverse industries, including real estate; hospitality and gaming; telecommunications, media and technology; aerospace and defense; biotechnology; energy; retail; and specialty finance and banking.

Chair of Polsinelli's Securities & Corporate Finance practice, Kevin represents issuers and underwriters in the full gamut of equity and debt capital markets transactions, including:
  • Initial public offerings
  • Secondary offerings for significant selling shareholders
  • Follow-on common stock offerings, including “at-the-market” continuous offering programs
  • Offerings of preferred securities
  • Registered and Rule 144A offerings of investment grade and high-yield notes, both secured and unsecured and convertible and non-convertible
  • Placements of trust preferred securities
In addition, Kevin uses his experience to represent clients in a broad range of strategic transactions. He has negotiated and implemented all types of M&A transactions, ranging from small tack-on transactions to multi-billion dollar public company exits, and has led complex internal restructurings and reorganizations, including carve-out financings and other significant realignment efforts. Kevin also proactively counsels public company clients to address corporate governance issues and comply with constantly evolving federal securities laws and regulations as well as stock exchange regulations. Along with advising and counseling boards of directors and senior management in the development and implementation of corporate strategy, structure and governance matters, Kevin partners with clients in connection with their preparation and filing with the SEC of current and periodic reports and annual meeting proxy materials and other matters arising under the federal securities laws.
Kevin’s capital markets experience includes the following representative transactions:
  • Advising a NYSE-listed lodging REIT on its $150 million IPO in January 2010; its $147.6 million follow-on offering in October 2010; its $240.5 million follow-on offering in March 2011; its $125 million offering of Series A cumulative redeemable preferred shares in July 2012; its $138.3 million follow-on offering in September 2012; its $173 million follow-on offering in February 2013; its $100 million “at-the-market” continuous offering program in September 2013; and its $154 million follow-on offering in March 2015.  
  • Counseling the underwriters in the $253.4 million initial public offering of a lodging REIT focused on upscale and upper midscale hotels in February 2011; its $50 million offering of Series A cumulative redeemable preferred shares in October 2011; its $112.5 million follow-on offering in September 2012; its $75 million offering of Series B cumulative redeemable preferred shares in December 2012; its $155.3 million follow-on offering in January 2013; its $85 million offering of Series C cumulative redeemable preferred shares in March 2013; and its $158.7 million follow-on offering in September 2013.
  • Representing a mall-based specialty retailer in its $175 million Rule 144A offering of senior secured high yield notes in April 2011 and the Rule 144A offering by its parent company of $165 million of senior PIK toggle notes in May 2013.
  • Advising a leading self-storage REIT in connection with 11 public offerings of depositary shares representing interests in its serial cumulative redeemable preferred shares having an aggregate offering price of more than $3.5 billion, and a secondary offering by a related party of approximately $105 million of common shares.
  • Advising a REIT specializing in leasing commercial multi-tenant flex, office and industrial space throughout the United States in connection with offerings of depositary shares representing interests in its serial cumulative redeemable preferred stock and a follow-on offering of common stock in November 2013.
  • Representing a specialized commercial finance company on its $340 million initial public offering and more than $2.5 billion of subsequent securities offerings, including its $300 million offering of senior secured high yield notes; approximately $800 million of convertible debt offerings; and seven placements of trust preferred securities for more than $400 million of proceeds.
  • Counseling the sales agents in the $175 million ATM continuous offering program established by another self-storage REIT in February 2013.
  • Representing the operator of an outdoor advertising business in a whole business securitization through the offering of $247 million of secured billboard revenue notes.
  • Counseling clients in various other industries on multiple Rule 144A offerings of senior and subordinated notes.

Strategic Transactions

Selected strategic transaction engagements in which Kevin has played a leading role include the following:
  • Representing a leading self-storage REIT in its SEC-registered redomestication as a Maryland real estate investment trust and in its SEC-registered acquisition of approximately $100 million of limited partnership interests in various joint venture affiliates.
  • Advising a joint venture comprised of U.S. private equity fund and Chinese conglomerate in its acquisition by merger of a NYSE-listed hospitality company with an aggregate transaction value of approximately $600 million.
  • Advising Highland Hospitality Corporation in its approximately $2 billion sale to a private equity buyer.
  • Counseling a specialty commercial finance company in various strategic transaction efforts, including its pre-IPO reorganization; its conversion to a REIT and related special dividend of cumulative earnings and profits; its acquisition and securitized financing of approximately $250 million of senior living facilities; its proposed disposition of its senior living business through a $345 million carve-out IPO; and various issuer tender offers and consent solicitations relating to its debt securities.
  • Advising a Chinese engineering, procurement and construction company on its acquisition of a controlling interest in a NYSE-listed solar encapsulant module manufacturer.