Michael E.Grathwol (Mike)

Associate

Cleveland + 1.216.586.1093

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Mike Grathwol represents banks and other financial institutions, equity sponsors, and public and private companies in commercial financing transactions.

Mike has experience with both senior and subordinated debt facilities and various types of financing transactions, including syndicated and single-lender facilities, leveraged buyout financings, asset-based secured financings, and cross-border and multicurrency facilities.

Mike has participated in Jones Day's pro bono immigration efforts in Laredo, Texas, interviewing women who have been detained and assessing their legal claims to remain in the United States. He is a member of the Cleveland Metropolitan Bar Association.

Experience

  • Cooper Tire & Rubber to be sold to The Goodyear Tire & Rubber Company for approximately $2.5 billion enterprise valueJones Day is advising Cooper Tire & Rubber Company in its $2.5 billion sale to The Goodyear Tire & Rubber Company.
  • WESCO International obtains $100 million incremental increase to existing asset based credit facility with Barclays Bank PLCJones Day represented WESCO International, Inc., a leading provider of business-to-business distribution, logistics services and supply chain solutions, and its subsidiaries in connection with a $100 million incremental increase to its existing asset based credit facility with Barclays Bank PLC, as administrative agent, bringing the total size of the facility to $1.2 billion.
  • WESCO International obtains $175 million incremental increase to existing receivables securitization facility with PNC BankJones Day represented WESCO International, Inc., a leading provider of business-to-business distribution, logistics services and supply chain solutions, and its subsidiaries in connection with an $175 million incremental increase to its existing receivables securitization facility with PNC Bank, National Association, as administrator, bringing the total size of the facility to $1.2 billion.
  • MPE Partners sells its DreamLine platform to American Bath Group, LLCJones Day advised MPE Partners on the sale of its DreamLine platform to American Bath Group, LLC.
  • Riverside portfolio company acquires Fox ElectronicsJones Day represented The Riverside Company in connection with the acquisition by portfolio company Abracon, LLC of Fox Electronics, a leading global supplier of frequency control solutions.
  • Direct lender provides $84 million financing to healthcare companyJones Day advised a direct lender, as administrative agent and sole lead arranger, in connection with a $76.5 million senior secured term loan facility and $7.5 million senior secured revolving loan facility provided to a healthcare company.
  • Merchant banking firm provides $122.5 million acquisition financing to provider of construction accounting software and payroll servicesJones Day advised a merchant banking firm in connection with a $122.5 million senior secured credit facility, comprised of a $110 million term loan and a $12.5 million revolving credit facility, supporting the acquisition of a leading provider of construction accounting software and payroll services for small- to mid-sized specialty contractors in Ohio.
  • SDS Rx acquires Medical Delivery ServicesJones Day advised Strategic Delivery Solutions ("SDS Rx"), backed by HCI Equity Partners, in the acquisition of Medical Delivery Services.
  • WESCO International amends and restates $1.025 billion receivables securitization facilityJones Day represented WESCO International, Inc., a leading provider of business-to-business distribution, logistics services, and supply chain solutions, and its subsidiaries in connection with the $1.025 billion fifth amendment and restatement of its receivables securitization facility with PNC Bank, National Association, as administrator, and the various purchaser groups party thereto
  • WESCO International amends and restates $1.1 billion asset-based credit facilityJones Day represented WESCO International, Inc., a leading provider of business-to-business distribution, logistics services and supply chain solutions, and its subsidiaries in connection with the $1.1 billion fourth amendment and restatement of its asset-based credit facility provided by Barclays Bank PLC, as administrative agent, and the other lenders party thereto.
  • OMNOVA acquired by Synthomer plc for $824 millionJones Day advised OMNOVA Solutions Inc. in its $824 million acquisition by Synthomer plc, a United Kingdom-based specialty chemical company.
  • Riverside invests in QueTelJones Day advised The Riverside Company in connection with its investment in and related financing of QueTel, the technology leader in digital and physical evidence management that also helps law enforcement agencies handle back-office processes, such as forensic request processing, and the management of equipment, uniforms, and supplies.
  • Direct lender provides $100 million senior secured credit facility to upstream oil and gas companyJones Day represented a direct lender in connection with a $100 million senior secured credit facility provided to an upstream oil and gas company.
  • National bank provides $181 million term loan facility to public utilityJones Day represented a national bank, as administrative agent, in connection with a $181 million term loan facility provided to a public utility.
  • Riverside invests in LMG HoldingsJones Day advised The Riverside Company in connection with its investment in LMG Holdings, Inc., a provider of ignition interlock devices (IIDs) used to help prevent drunk driving.
  • Riverside portfolio company acquires ILSIJones Day represented The Riverside Company in connection with the acquisition by portfolio company Abracon LLC of ILSI, a developer and supplier of frequency control products.
  • Riverside sells majority investment in n2y to Providence Equity PartnersJones Day advised The Riverside Company in connection with the sale of its majority investment in n2y LLC, a leading provider of software, curricula, and tools to the K-12 special education market, to Providence Equity Partners.
  • MPE Partners sells its interests in B&E GroupJones Day represented MPE Partners in connection with the sale of its interests in the B&E Group.
  • Merchant banking firm provides $60 million senior secured credit facility to multinational software companyJones Day represented a merchant banking firm in connection with a $60 million senior secured credit facility comprised of a $50 million initial term loan facility, a $5 million delayed draw term loan facility, and a $5 million revolving credit facility provided to a multinational software company.
  • Riverside sells ProSites to Rockbridge Growth EquityJones Day represented The Riverside Company in connection with the sale of digital marketing provider ProSites, Inc., to Rockbridge Growth Equity.
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