- Represented the lead lender of the $1.15 billion Tranche C Facility as part of the up-to-$2.45 billion Super-Priority Debtor-in-Possession Term Loan Agreement for the benefit of a South American airline and its affiliated debtors. The transaction was named “Banking & Finance Deal of the Year” by Latin Lawyer.
- Represented a leading global technology conglomerate in the acquisition and restructuring by a digital technology company through a tender offer to acquire the publicly listed equity securities, a restructuring of the existing senior credit facility, and the implementation of a multijurisdictional asset-based credit facility. The transaction was named “Out-of-Court Restructuring of the Year ($100MM or More)” by The M&A Advisor.
- Represented a global manufacturer and distributor of paper-based products and its subsidiaries as borrowers/guarantors in approximately $4 billion in senior secured syndicated credit facilities and as issuer/guarantors in $1.55 billion in senior secured and unsecured notes.
- Represented a private credit fund and its affiliates, as arranger, agent, and lender, in a $62.2 million senior secured unitranche financing for a leading provider of aerospace and defense testing and measurement equipment, including the financing of a platform acquisition of two competitors through delayed-draw term loan facilities.
- Represented a global manufacturer and distributor of flooring materials as the borrower in $1.8 billion of revolving credit facilities, as the borrower in a $500 million delayed-draw term loan, as the issuer in $500 million of senior notes, and as the issuer in €800 million of senior notes.
- Represented a credit opportunity fund and its affiliate, as the borrower, in a $140 million bankruptcy remote asset based syndicated credit facility to finance the purchase by the fund of a portfolio of distressed bank loans.
- Represented the initial purchasers in a series of offerings of senior unsecured notes by a real estate investment trust totalling $3.05 billion in aggregate principal amount.
- Represented a private credit fund and its affiliates, as the arranger, agent, and lender, of $37 million in senior secured credit facilities for a holder of franchisees of hair salon brands, including to finance any add-on acquisitions.
Counsel,
- Phone: +1 212 210 9402
- Email: david.rutherford@alston.com
Borrowers and lenders trust David to represent them in debt financings and leveraged acquisitions.