Brett P.Barragate

Partner

New York + 1.212.326.3446

Brett Barragate is chair of the Americas region of Jones Day's Financial Markets Practice. He has represented financial institutions, direct lenders, corporations, private equity firms, and hedge funds as principal outside counsel for more than 20 years in all aspects of transactional and commercial financing-related matters. His domestic and cross-border experience for lenders and borrowers includes the negotiation and issuance of senior and subordinated debt facilities, the purchase and sale of financial assets, as well as restructuring and bankruptcy matters related to financial assets. Brett's industry experience includes automotive, energy, environmental, fintech, industrials, medical devices, oil and gas, telecommunications, and the internet.

Brett is a frequent speaker in the area of banking and finance; his most recent presentations are related to such topics as cross-border financings, DIP financings, intercreditor agreements, and other financing matters.

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Experience

  • STERIS sells dental segment to an affiliate of Peak Rock CapitalJones Day is advising STERIS Plc in the $787.5 million sale of Dental segment to Peak Rock Capital, a leading middle-market private investment firm.
  • Morgan Stanley Capital Partners acquires Resource Innovations, Inc.Jones Day advised Morgan Stanley Capital Partners in its acquisition and financing of Resource Innovations, Inc. (RI), a leading tech-enabled services company focused on energy efficiency and sustainability.
  • Wabtec obtains $225 million term loan facilityJones Day represented Westinghouse Air Brake Technologies Corporation (“Wabtec”), a global provider of value-added, technology-based locomotives, equipment, systems and services for the freight rail and passenger transit industries, as well as the mining, marine, and industrial industries, in connection with its $225 million investment-grade term loan facility.
  • Diversified multinational company obtains $2 billion 364-day revolving credit facilityJones Day represented a diversified multinational company in connection with a $2 billion 364-day revolving credit facility.
  • Global producer of residential and commercial building materials obtains $1 billion revolving credit facilityJones Day represented a global producer of residential and commercial building materials in connection with a new $1 billion multicurrency revolving credit facility.
  • ACI Worldwide refinances its $1 billion senior secured credit facilityJones Day represented ACI Worldwide, Inc., a leading global provider of real-time electronic payment and banking solutions, in connection with the refinancing of its $1 billion senior secured credit facility.
  • Newell Brands amends $1 billion revolving credit facilityJones Day represented Newell Brands Inc. (“Newell”), a leading consumer products company, in connection with the amendment restructuring its existing revolving credit facility.
  • Wells Fargo-led syndicate provides $1.3 billion term loan facilities for assumption by real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as arranger, in connection with the assumption by a real estate investment trust of two senior unsecured term loan facilities of $1.3 billion, consisting of a $800 million term loan facility with a $300 million tranche, a $500 million tranche, and a $500 million single tranche term loan facility.
  • Koch Equity finances MITER Brands $3.1 billion merger with PGT InnovationsJones Day is advising Koch Equity Development LLC in its equity investment to finance the $3.1 billion acquisition of PGT Innovations Inc. by MITER Brands.
  • SingTel sells Trustwave to The Chertoff GroupJones Day represented Singapore Telecommunications Limited, southeast Asia’s largest telecommunications company, in the sale of Trustwave, a cyber security and managed security services business, to funds affiliated with The Chertoff Group for $205 million. In connection with the sale of Trustwave, Jones Day represented SingTel, as lender, in connection with a unique $195 million senior secured term loan and $40 million unsecured multiple draw term loan facility provided to Trustwave.
  • Affiliate of Centre Lane Partners acquires appliance business from Instant BrandsJones Day advised an affiliate of Centre Lane Partners in the acquisition and financing of the appliances business of Instant Brands, designer and distributor of kitchen and home appliances, including the Instant Pot, pursuant to Section 363 of title 11 of the United States Code.
  • Hard Rock partners with Steve Cohen to bid for casino and entertainment complex in New YorkJones Day advised Hard Rock International in connection with its partnership with Steve Cohen, owner of the New York Mets, for a bid to secure a downstate New York gaming license.
  • Timken Europe obtains €200 million term loan facilityJones Day represented The Timken Company, as guarantor, and its subsidiary Timken Europe B.V., as borrower, in connection with a credit agreement with Bank of America, N.A. and KeyBank, National Association, as co-administrative agents, which consisted of a €200 million term loan facility.
  • Mining service provider obtains $25 million increase to its existing revolving credit facilityJones Day represented a mining service provider in connection with an amendment and restatement to their credit facility, which included a $25 million increase to its existing revolving credit facility.
  • TotalEnergies completes PIPE investment in NextDecade Corporation and investment in $18.5 billion Rio Grande LNG ProjectJones Day represented TotalEnergies in connection with its PIPE investment in NextDecade Corporation and investment in the Rio Grande LNG (RGLNG) Project, a planned natural gas liquefaction project in South Texas.
  • Hyster-Yale Materials amends second amended and restated loan, security and guaranty agreementJones Day represented Hyster-Yale Materials Handling, Inc. in connection with the first amendment to its second amended and restated loan, security and guaranty agreement, which increased the aggregate commitments of the facility pursuant to a first-in, last-out tranche of $25 million (the "FILO Tranche").
  • Jefferies finalizes $680 million exit credit facilities in connection with acquisition of Forma Brands and its emergence from Chapter 11 bankruptcyJones Day represented Jefferies Finance LLC, as administrative agent and collateral agent, and as the borrowers' controlling equity interest owner, in connection with two bankruptcy exit credit facilities, including a $300 million term loan and a $30 million revolving credit facility provided to Forma Brands, LLC (f.k.a. FB Acquisition LLC), and a $350 million term loan provided to Beauty Brands Acquisition LLC (an indirect parent company of Forma Brands, LLC), each made in connection with the acquisition of the company's assets by Jefferies and other creditors, and the emergence of the company from Chapter 11 Bankruptcy.
  • Wells Fargo amends its $170 million line of credit facilityJones Day represented Wells Fargo Bank, National Association, in connection with an amendment to its $170 million line of credit facility.
  • Sky Island Capital acquires Kaufhold's KurdsJones Day represented Sky Island Capital in the acquisition and financing of Kaufhold's Kurd's, Inc., a wholesale food manufacturer that primarily sells direct to food service distributors across the United States.
  • Hard Rock International refinances existing term loan facilitiesJones Day represented Hard Rock International in connection with the refinancing of its senior secured term loan facility and revolving credit facilities.
  • Speaking Engagements

    • February 2010
      Anticipating, Minimizing, and Resolving Intercreditor Conflicts of Interest
    • November 2009
      Middle-Market Automotive Industry Suppliers: Opportunities for Lenders & Investors
    • October 6-8, 2009
      Chrysler Restructuring Roadshow
    • April 2009
      An Update on Monoline Insurance, National Association Health & Educational Facilities Finance Authorities
    • January 2009
      Funding the Process: Trends in DIP Financing, Turnaround Management Association/The Deal, Distressed Investing Conference,
    • February 2008
      Cross-Border Loans and Recovery: Strategies for Protecting Your Interests in a Global Marketplace, American Conference Institute
    • January 2008
      DIP Financing Update, Detroit Chapter of the Turnaround Management Association