Sheryl Gittlitz's practice focuses on banking and finance matters. Ms. Gittlitz represents private equity sponsors, companies and financial institutions in the structuring, negotiation and documentation of a broad range of commercial lending transactions, handling matters involving asset-based loans, working capital facilities and acquisition financing. She is also well-versed in debtor-in-possession financings, Chapter 11 exit financings, recapitalizations, restructurings and workouts.

Experience

  • American Securities in financing its acquisition of Milk Specialty, a leading human and animal nutrition company, from Kainos Capital, which involved a US$475 million term loan and a US$50 million revolving credit facility.
  • Fremont Private Holdings, the private direct investment arm of the Fremont Group, in financing its strategic equity investment in Minnesota-based Process Displays LLC, a leading retail environment design and manufacturing company, for an undisclosed purchase price.
  • Administrative Agent and Joint Lead Arranger in a US$1.65 billion revolving credit facility for a leading REIT engaged in the office/laboratory and technology sector.
  • Onex Corporation in its investment in Schumacher Group, a leading US provider of outsourced emergency and hospital medicine clinical staffing, as well as healthcare advisory services and in the acquisition by Schumacher Group of Hospital Physician Partners (HPP), one of the largest US providers of emergency and hospital medicine clinical staffing services.
  • Liberty Tire Recycling in a successful out-of-court, cross-border restructuring, including refinancing of its existing senior secured credit facility, with approximately US$90 million of term loans and a US$24 million revolving credit facility, and an offer to exchange Liberty's US$225 million of existing senior notes for US$175 million of new second-lien PIK notes, and substantially all of the equity of restructured Liberty concurrent with a consent solicitation. This deal was named M&A Advisor's 2015 "Out of Court Restructuring Deal of the Year (Under US$500 MM)."
  • VanDeMark Chemical Inc., a portfolio company of Uni-World Capital, L.P., in its acquisition, together with institutional co-investors, of Framochem Kft from ISOCHEM S.A.S., a company belonging to Germany's AURELIUS Group, and the related acquisition debt and equity financings, which financings included US dollar-denominated term loans, US dollar-denominated mezzanine loans and Euro-denominated term loans.
  • Spirit AeroSystems, Inc. in a US$1.15 billion debt refinancing, including a US$500 million term loan A and a US$650 million revolving credit facility.
  • Lender in a US$125 million bilateral secured term loan facility extended to leading international hotel operator in support of an asset acquisition.
  • American Securities in the acquisition by American Securities of Marine Acquisition (a/k/a SeaStar Solutions), the leading manufacturer of precision-engineered vessel control systems and other specialized applications in marine and industrial end markets, and in the concurrent acquisition and working capital facilities, including a US$210 million term loan and a US$25 million revolving credit facility.

Recognition

IFLR1000
Banking – Leading Lawyer (US) (2013-2017)

Credentials

Education
  • JD, Cornell Law School, 1990
  • BA, State University of New York at Binghamton, 1987
Admissions
  • New York
Overview

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