David B. Stith is a senior executive with over 30 years of experience in business and leadership. He has extensive experience in leveraged finance, mergers and acquisitions, and corporate finance. Currently he is a Managing Director at Bank of America Merrill Lynch focusing on leveraged finance deals in the middle market. Previously he held senior roles at Cantor Fitzgerald, Merrill Lynch, Bear Stearns, and Banc of America Securities.

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DAVID B. STITH
141 South Mountain Avenue
Montclair, NJ 07042
E-Mail: dbstith@comcast.net
Mobile: (973) 464-8933
SENIOR EXECUTIVE WITH EXTENSIVE BUSINESS AND LEADERSHIP EXPERIENCE. A DECISIVE
LEADER ABLE TO MOTIVATE TEAMS AND BUILD EFFECTIVE CLIENT RELATIONSHIPS.
PROVEN ABILITY TO MANAGE, GENERATE AND DELIVER CONSISTENT RESULTS ACROSS
MULTI-FACETED GLOBAL COMPANIES AND CONSTANTLY CHANGING MARKET CONDITIONS.
PROFESSIONAL EXPERIENCE
BANK OF AMERICA MERRILL LYNCH New York NY
Managing Director - Leveraged Finance 2010-Present
Hired by the head of Investment Banking to assist in the formation of the Middle Market Investment Banking Group.
Strategic focus in delivering product expertise to CEO’s and CFO’s in the areas of mergers and acquisitions, leveraged
finance, corporate finance and rating agency advisory. Work directly with the heads of Risk, Credit and Capital
Commitments on deal diligence, internal deal rating, financial modeling and credit structuring. Lead deal discussion at
Committee Approval level. Manage 5-7 person team in delivering seamless execution to clients. Relevant transactions:
 $1.75 Billion Financing for Southwire Company acquisition of Coleman Cable
 $550 Million Leveraged buyout financing for Ontario Teachers acquisition of Flynn Restaurant Group
 $500 Million Leveraged buyout financing for Paulson & Company acquisition of Steinway Musical Instruments
 $470Million Leveraged buyout financing for The Gores Group acquisition of US Farathane Corporation
 $406 Million Leveraged buyout financing for Advent International acquisition of Distribution International
 $250 Million High yield Offering for SNF Incorporated
CANTOR FITZGERALD New York NY
Managing Director - Head of Leveraged Finance and Financial Sponsor Coverage, COO 2009-2010
Hired by senior management to expand middlemarket investment banking franchise with strategic focus on leveraged
finance and financial sponsor coverage. Developed, executed and implemented a business plan focused on industry
verticals, hiring of senior bankers and capital commitment. Added COO responsibilities in 2010.
MERRILL LYNCH & CO. New York, NY
Managing Director - Leveraged Finance Group 2004 – 2009
Originated, structured, marketed and executed complex financing structures (bank/bond/bridge/staple/commodity
hedging/equity link) for leveraged transactions and corporate mergers and acquisitions across several industries.
Proficient in all phases of capital structure analysis, including valuation analysis, liability management and asset
deployment. Advised Boards of Directors on various business strategies and capital structures. Relevant transactions:
 $25.9 Billion Financing for Freeport McMoRan acquisition of Phelps Dodge;
 $15.1 Billion Leveraged buyout financing of Hertz Corporation;
 $3.2 Billion Leveraged buyout financing of Education Management Corporation;
 $2.5 Billion Delta Airlines Reorganization/Exit Financing;
 $2.1 Billion Leveraged buyout financing of Rexnord Group;
 $1.8 Billion Financing for Georgia Gulf Corporation acquisition of Royal Group;
 $1.3 Billion Leveraged buyout financing for Noranda Aluminum Corporation;
 $1.1Billion Drummond Company capital restructuring
BEAR, STEARNS & CO. Inc. New York, NY
Senior Managing Director - Healthcare Services, Leverage Finance Group 1999 – 2004
Sector head for healthcare services, focused on hospitals, nursing homes and alternate-site providers. Principal emphasis
on mergers and acquisitions, corporate finance, capital structuring, interest rate management and leveraged finance.
Relevant transactions include:
 $700 Million High Yield Offering for Triad Hospitals;
 $633 Million Leveraged buyout financing of Medpoint Pharmaceuticals;
 $486 Million Recapitalization of Florida Panthers Holdings;

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DAVID B. STITH
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BANC OF AMERCIA SECURITIES, LLC New York, NY
Managing Director - High Yield Capital Markets 1996 – 1999
Senior high yield banker responsible for managing high yield and bridge financings for non-investment grade corporate
clients and private equity firms. Responsible for origination and transaction execution from initial client solicitation
through closing, including capital structuring, covenant negotiations, due diligence, rating agency presentation and
marketing of transaction to investment community. Relevant transactions:
 $1.0 Billion Acquisition financing for Extendicare, Inc.
 $875 Million Acquisition financing for First Nationwide Holdings Corp.;
 $840 Million Leveraged buyout financing of E&S Holdings Corporation;
 $650 Million Acquisition financing for King Pharmaceuticals, Inc.;
 $485 Million Leveraged buyout financing of United Industries Corporation;
MERRILL LYNCH & CO. New York, NY-
Director - Corporate Finance Group/High Yield Group 1989 – 1996
ADDITIONAL RELEVANT EXPERIENCE
THE CHASE MANHATTAN BANK, N.A. Los Angeles, CA
Vice President - Corporate Banking Group 1986 - 1987
CONTINENTAL ILLINOIS NATIONAL BANK Chicago, Il
Second Vice President - Corporate Banking Group 1980 – 1986
Worked in Chicago, Los Angles, Philadelphia
EDUCATION
MBA, Harvard Business School, 1989 Cambridge, MA
BS, Finance, Hampton University, 1980 Hampton, VA
BOARD AFFILIATIONS
Montclair Art Museum
Hampton University Presidential Advisory Council
Home Corp. of Montclair
Montclair Fund for Educational Excellence
OTHER
Merrill Lynch & Co. Diversity Committee, 2005 Diversity Recipient
Merrill Lynch & Co. Managing Directors’ Promotions Committee
2007 Recipient of YMCA of Greater New York/Harlem Branch, Black Achievers in Industry Award
2007 Principal-For-A-Day Program – PENCIL Partnership