Gayle A.Berne

Of Counsel

Atlanta + 1.404.581.8103

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Gayle Berne focuses on representing financial institutions and borrowers in complex financing transactions involving a variety of credit structures. She has handled syndicated credit facilities on both a leveraged and investment-grade basis, acquisition financings, cash flow and asset-backed financings, asset-based lending, mezzanine financings, subordinated debt transactions and first lien/second lien arrangements, recapitalizations, and cross-border facilities, with an emphasis on secured and asset-based lending transactions.

Gayle has managed transactions ranging in size from small cap single lender to large syndicated credits and across a wide variety of industries such as technology, health care, oil and gas, media, entertainment and communications, manufacturing and retail, education, food, transportation, agriculture, maritime, and marketing. She has negotiated many intercreditor and subordination agreements, agreements among lenders, and participation arrangements. She also has advised on fund guaranteed financings and a wide variety of letter of credit transactions.

Gayle is a member of the State Bar of Georgia, the New York State Bar Association, and the American Bar Association. She has authored or participated in several articles appearing in The Secured Lender and has lectured on numerous topics to business organizations.

Experience

  • Global systemically important bank (GSIB) conducts risk assessment to determine impact of LIBOR transition on enterprise-wide portfoliosJones Day is advising a GSIB with respect to enterprise-wide portfolios impacted by the LIBOR transition, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • National bank amends loan and security agreement for furniture manufacturing businessJones Day represented a national bank, as agent, in connection with a second amended and restated loan and security agreement provided to a furniture manufacturing business.
  • $700 million purchase of 49.9% interest in Big River Steel by United States Steel CorporationJones Day advised KM BRS, LLC (a subsidiary of Koch Minerals, LLC), a preferred equity holder of Big River Steel, in the $700 million purchase of a 49.9% interest in Big River Steel by United States Steel Corporation, with a call option to acquire the remaining 50.1% within the next four years.
  • Financial institution provides $160 million senior secured credit facilities to provider of continuing medical education events and contentJones Day represented a financial institution in connection with a $160 million senior secured credit facilities to a provider of continuing medical education events and content.
  • Leading financial services company amends and restates $400 million asset-based revolving credit facility for lawn & garden supplies and pet supplies providerJones Day represented a leading financial services company, as lead arranger and administrative agent, in connection with an amendment and restatement of its $400 million asset-based revolving credit facility to a company providing lawn & garden supplies and pet supplies.
  • Cimarron Energy acquires Hy-Bon/EDIJones Day advised Cimarron Energy, Inc., a portfolio company of Turnbridge Capital, LLC, in its acquisition of Hy-Bon/EDI, a market leader in vapor recovery and emissions control solutions for the oil and natural gas industries, from Regal Beloit Corporation.
  • International Wire Group acquired by affiliates of Atlas HoldingsJones Day advised International Wire Group Holdings, Inc. ("IWG") in connection with its acquisition by affiliates of Atlas Holdings LLC.
  • Leading financial services company provides $125 million secured syndicated credit facility in private equity-backed acquisition of pediatric primary care services providerJones Day represented a leading financial services company, as left lead arranger and administrative agent, in a $125 million senior secured syndicated credit facility, consisting of a $105 million term B loan and a $20 million revolving credit facility, in connection with financing of a private equity-backed acquisition of a pediatric primary care services provider.
  • Vantage Data Centers acquires Canadian-based 4Degrees Colocation for approximately $200 millionJones Day advised Vantage Data Centers, a leading provider of data centers in support of business and mission-critical applications, in connection with the acquisition and related financing of Canadian-based 4Degrees Colocation from Videotron Ltd., a Quebecor Media Inc. (QMI) subsidiary, for approximately $200 million.
  • Major financial institution amends and restates credit facility for international plastic resin distributorJones Day represented a major financial institution, as lead arranger and administrative agent, in connection with the amendment and restatement of an asset-based revolving credit facility provided to an international plastic resin distributor.
  • Major financial institution provides $200 million asset-based revolving credit facility to national beer keg distributorJones Day represented a major financial institution, as left lead arranger and administrative agent, in connection with a $200 million asset-based revolving credit facility provided to a national beer keg distributor and lessor.
  • Financial institution amends credit agreement for sporting goods retail companyJones Day represented a financial institution, as lead arranger and administrative agent, in connection with an amendment to its credit agreement for a sporting goods retail company.
  • Leading financial services company provides $270 million secured syndicated credit facility in private equity-backed acquisition of fiber optic cable companyJones Day represented a leading financial services company, as left lead arranger and administrative agent, in a $270 million senior secured syndicated credit facility, consisting of a $250 million institutional term loan B and a $20 million revolving credit facility, in connection with the financing of a private equity-backed acquisition of a fiber optic cable company.
  • Analytics company issues convertible debt and refinances two credit facilitiesJones Day advised an analytics company in connection with its issuance of convertible debt, including a delayed-draw facility and related amendment to two credit facilities.
  • JPMorgan Chase and Scotiabank-led syndicate provide $300 million financing to TigoJones Day advised JPMorgan Chase Bank and The Bank of Nova Scotia and certain of their respective affiliates as joint-lead arrangers and as lenders in connection with a $300 million term loan financing provided to Colombia Móvil S.A. E.S.P. (Tigo), a subsidiary of the Colombian state-owned company UNE EPM Telecomunicaciones S.A., a leading telecommunications company in Colombia and the guarantor of Tigo's obligations under the loan facility.
  • Leading financial services company provides $70 million syndicated asset-based revolving credit facility to national authorized retailer of cellular telephone products and servicesJones Day represented a leading financial services company, as administrative agent, in connection with a $70 million syndicated asset-based revolving credit facility provided to a national authorized retailer of cellular telephone products and services.
  • Infiana Group amends and extends its senior financingJones Day advised Infiana Group GmbH, a portfolio company of Deutsche Beteiligungs AG (DBAG), in connection with the amendment and extension of its senior leveraged buyout financing, to over €100 million.
  • Bank of America amends and restates $65 million credit facility for Commercial Vehicle GroupJones Day advised Bank of America, N.A., as agent and lender, in connection with the $65 million amended and restated asset-based revolving credit facility provided to Commercial Vehicle Group, Inc., a manufacturer of innovative component systems to improve performance, and certain of its subsidiaries.
  • KeyBank provides credit facility to Cardinal Conditioning in connection with acquisition of Friedrich HoldingsJones Day represented KeyBank National Association, as administrative agent, in connection with an asset-based revolving facility provided to Cardinal Conditioning, Inc. in connection with its acquisition of Friedrich Holdings, Inc., a manufacturer of commercial-grade room air conditioners and specialty cooling products for residential and light commercial applications.
  • Leading financial services company provides $120 million cash-flow credit facility to leading plastic card manufacturerJones Day represented a leading financial services company, as sole bookrunner, sole lead arranger, and administrative agent, in connection with a $120 million cash-flow credit facility, consisting of a $80 million term loan and $40 million revolving line of credit, provided to a leading plastic card manufacturer.
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