Gary Bernstein

Gary B. Bernstein

Partner

Gary Bernstein represents many major US and international banks and other financial institutions in structuring financing transactions and drafting and negotiating documentation for such transactions. These transactions include working capital and letter of credit facilities; financing for acquisitions, such as tender offers and leveraged buyouts; trade and supply chain finance facilities, including cross-border facilities; other receivables financing facilities; work-outs and restructuring of debt facilities; debtor-in-possession financing; equipment leasing; floor-plan financing; and asset-backed commercial paper facilities. Mr. Bernstein also represents borrowers with respect to their debt financing activities.

Experience

  • Administrative Agent in a US$625 million receivables securitization facility for the largest equipment rental company in the world.
  • Administrative Agent and the "Left" Joint Lead Arranger and Joint Book Runner in a US$2.5 billion senior secured asset-based lending credit facility extended to the largest equipment rental company in the world, which facility may be increased by up to an additional US$1.25 billion (or a greater amount under certain circumstances).
  • New York branch of a major commercial bank in a US$150 million buyer-led supply chain finance facility by the bank for a major North American packaged foods company.
  • Administrative Agent and the "Left" Joint Lead Arranger and Joint Book Runner in a US$425 million senior secured asset-based lending credit facility extended to one of the largest equipment rental companies in the United States upon its emergence from bankruptcy, which facility may be increased by up to an additional US$75 million.
  • International bank in a US$200 million cross-border receivables purchase facility extended to a global mining and metals company.
  • International bank in a US$250 million cross-border receivables purchase facility extended to a multinational technology conglomerate.
  • International information technology company in a US$617 million secured financing facility and a US$200 million secured seller note financing.
  • Administrative Agent and the "Left" Joint Lead Arranger and Joint Book Runner in a US$600 million senior secured asset-based lending credit facility extended to a leading United States and Canadian paper distribution company.
  • Administrative Agent and the "Left" Joint Lead Arranger and Joint Book Runner in a US$350 million debtor-in-possession senior secured asset-based lending credit facility extended to one of the largest equipment rental companies in the United States.
  • One of the largest landscape services providers in the United States with respect to its US$340 million senior secured revolving credit and term loan facilities.

Recognition

IFLR1000
Banking- Leading Lawyer, US (2015)
Bank Lending - Leading Lawyer, US (2014-2015)

Credentials

Education
  • JD, New York University School of Law, 1982
  • BS, Accounting, Lehigh University, 1979, summa cum laude
Admissions
  • New York
Activities
  • Member, American Bar Association
Overview

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