Steven A.Domanowski (Steve)

Partner

(T) 1.312.269.4262

Steve Domanowski's practice sits at the intersection of corporate finance and restructuring. He represents a diverse array of parties in distressed debt and distressed investment transactions, out-of-court restructurings and workouts, debt exchanges, debtor-in-possession financings, exit financings, and other corporate finance, bankruptcy, and insolvency matters.

He has recently represented the secured lenders and debtor-in-possession (DIP) lenders to retailer rue21 ($150 million first-day roll-up DIP facility), food wholesaler and distributor Associated Wholesalers ($193 million roll-up DIP facility and related 363 sale), vegetable processor Allens ($119 million first-day roll-up DIP facility and related 363 sale), and the term loan lenders of J.Crew.

Steve also has recently represented American Apparel in its chapter 11 cases, which in January 2015 confirmed its contested reorganization plan in just over 100 days; Shoreline Energy in its chapter 11 cases and related DIP financing, chapter 11 plan, and related asset sales; Swift Energy in its chapter 11 cases and related DIP financing, chapter 11 plan, and exit financing; and Boscov's Department Stores in its chapter 11 cases.

Steve also has advised strategic investors, private equity funds, hedge funds, and other similar investment vehicles in a variety of circumstances, including debt investments in distressed companies and distressed asset sales.

Steve is a member of the American Bankruptcy Institute, the Turnaround Management Association, and the Association for Corporate Growth. In addition, he has published numerous articles and participated in numerous seminars and presentations on corporate finance and restructuring related matters.

Experience

  • CROSSMARK Holdings term loan lenders consent to exchange offerJones Day represented a group of first and second lien term loan lenders of CROSSMARK Holdings, Inc. ("CROSSMARK"), a leading sales and marketing services company, in connection with its out-of-court restructuring, consummated through an exchange transaction supported by 100 percent of its first and second lien secured term loan lenders (the "Out-of-Court Transaction").
  • Sungard AS secured term loan lenders receive $300 million of secured debt and 89% of equity in fast-tracked two-day chapter 11 caseJones Day represented a group of secured term loan lenders of Sungard Availability Services ("Sungard AS"), a leading provider of critical data recovery and production services and related integrated solutions, in connection with its prepackaged chapter 11 case filed in the U.S. Bankruptcy Court for the Southern District of New York.
  • rue21 term loan lender group receives 96 percent equity in reorganized companyJones Day represented a group of term loan lenders of rue21, Inc., a specialty fashion retailer of girls' and guys' apparel and accessories with over 700 stores in 45 states, in connection with the retailer's chapter 11 cases in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
  • Shoreline Energy successfully confirms chapter 11 plan and closes asset salesJones Day represented Shoreline Energy LLC and seven of its affiliates in their chapter 11 cases which filed for protection on November 2, 2016 in the Southern District of Texas.
  • American Apparel sells IP rights to Gildan ActivewearJones Day represented American Apparel, LLC ("AA") in its second chapter 11 case, which was filed on November 14, 2016.
  • Swift Energy emerges from bankruptcyJones Day represented Swift Energy and eight of its subsidiaries in chapter 11 cases that were commenced on December 31, 2015 due to the significant reduction in oil and gas prices the entire industry was facing at the time.
  • American Apparel confirms prearranged planJones Day represented American Apparel, Inc. as lead debtors' counsel in its 2015 chapter 11 cases which filed for bankruptcy in October 2015.
  • Bank of America negotiates postpetition financing for AWIJones Day advised Bank of America in connection with the chapter 11 cases of AWI Delaware, Inc. (n/k/a ADI Liquidation, Inc.).
  • Molycorp obtains $75 million senior secured credit facilityJones Day represented Molycorp, Inc., a U.S. rare earths producer and technology company, in connection with a $75 million senior secured credit facility consisting of a $60 million term loan facility and a $15 million delayed draw term loan facility provided to its indirect subsidiary Magnequench, Inc., from OCM MLYCo CTB Ltd., an affiliate of Oaktree Capital Management, L.P.
  • Bank of America provides revolving facility to Brake PartsJones Day represented Bank of America, N.A., as administrative agent, in connection with a $125 million split lien revolving facility provided to Brake Parts Inc., a leading global brake system products manufacturer and supplier to the transportation industry.
  • Goldman Sachs provides financing to portfolio company of Grey Mountain PartnersJones Day advised Goldman Sachs BDC, Inc. in connection with a unitranche facility provided to a portfolio company of Grey Mountain Partners.
  • Bank of America provides $119 million DIP financing for Allens, Inc.Jones Day represented Bank of America, N.A. with the negotiation and documentation of a $119 million secured debtor-in-possession term loan and revolver financing for Allens, Inc., a family-owned and operated vegetable processor, in connection with the bankruptcy filing by Allens, Inc., and its parent, All Veg, LLC.
  • Woodward issues $250 million of Senior Unsecured Notes in private placementJones Day advised Woodward, Inc., a manufacturer and service provider of energy control and optimization solutions for aircraft engines, industrial engines and turbines, and electrical power equipment, in connection with its issuance of $250 million of Senior Unsecured Notes in a private placement.
  • OGE Energy forms joint venture with CenterPoint and ArcLight creating $11 billion master limited partnershipJones Day advised OGE Energy in the formation of an $11 billion master limited partnership that includes CenterPoint Energy's interstate pipelines and field services businesses and the midstream business of Enogex LLC, owned jointly by subsidiaries of OGE and ArcLight.
  • PNC Bank provides financing to Doskocil Manufacturing Company for acquisitions of J.W. Pet Company and Canine HardwareJones Day represented PNC Bank, National Association, as joint lead arranger and administrative agent, in connection with the $134 million senior secured credit facility provided to Doskocil Manufacturing Company, Inc., a provider of non-food pet care products, for the acquisitions of J.W. Pet Company, Inc. and Canine Hardware, Inc., leading innovators of pet products, and for working capital.
  • Baird Capital Partners acquires PC Helps SupportJones Day represented Baird Capital Partners in connection with its acquisition and related financing of PC Helps Support LLC, a 24/7 provider of expert, on-demand support for core office software applications and mobile devices used daily by corporate employees.
  • Thermal Dynamics sells assets to Evergreen Pacific PartnersJones Day represented Thermal Dynamics Corporation, a leading designer and manufacturer of world class heat exchangers for the OE automotive industry, in connection with its sale of substantially all of its assets to Evergreen Pacific Partners, a private equity firm focused on investing in traditional, middle-market companies in Western North America.
  • Riverside completes sale of GreenLine Foods to ApioJones Day advised The Riverside Company in connection with its sale of GreenLine Foods, Inc., a provider of fresh-trimmed green beans, to Apio, Inc., a producer of fresh-cut specialty packaged vegetables and a wholly owned subsidiary of Landec Corporation.
  • St. Mary of the Woods files for chapter 11Jones Day represents Franciscan Communities St. Mary of the Woods in its chapter 11 case and related debtor-in-possession financing.
  • Cascades subsidiary finances paper mill located in Niagara Falls, New YorkJones Day represented GreenPac Mill, LLC, a subsidiary of Cascades Inc., in connection with the $430 million project financing for the construction and operation of a new paper mill to be constructed in Niagara Falls, New York.
  • Additional Publications

    • 2007The Purchase and Sale of Assets in Bankruptcy, 29th Annual Current Developments in Bankruptcy & Reorganization, PLI 2007
    • 2006Defining and Attaining the Buyer's Objectives, Business Bankruptcy Acquisitions
    • Winter 2004Payment of Post-Petition Interest to Unsecured Creditors: Federal Judgment Rate Versus Contract Rate, American Bankruptcy Institute Law Review
    • 2003The Purchase and Sale of Assets in Bankruptcy, 25th Annual Current Developments in Bankruptcy & Reorgnaization, PLI
    • 2001E-SIGN: Paperless Transactions in the New Millennium, 51 DePaul L.Rev. 619
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