Michelle F. Herman

Of Counsel

New York + 1.212.326.8373

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Michelle Herman's areas of practice include structured finance and securitization, aviation, equipment leasing, banking and finance, and other general corporate representations.

Michelle has considerable experience with domestic and cross-border structured finance transactions across a broad range of asset classes, including trade receivables, installment sales contracts, commercial loans, "marketplace loans," auto loans and leases, spectrum, trademarks, handsets, and natural gas assets. She also represents lenders, lessors, and lessees in a wide variety of aviation finance and equipment lease transactions, including leveraged leases, single-investor leases, operating leases, purchases and sales, servicing agreements, and foreclosures. Her practice also extends to general corporate finance, specifically the representation of financial institutions and other clients extending or receiving credit through unsecured and secured credit facilities.

Michelle has participated in the Lawyers Alliance for New York nonprofit externship program. She is a member of the New York State Bar Association and the Association of the Bar of the City of New York.

Experience

  • Wabtec amends and restates its credit agreement in aggregate principal amount of up to $2.725 billionJones Day represented Wabtec Corporation in connection with the refinancing and amendment and restatement of its existing delayed draw term and revolving credit facility that also refinances its separate existing $225 million term loan facility.
  • WESCO amends its $1.725 billion credit agreement and $1.55 billion receivables securitization facilityJones Day represented WESCO International, Inc., a leading provider of electrical, communications and utility distribution and supply chain services, in connection with various financing transactions by WESCO Distribution, Inc., a direct subsidiary of WESCO International, Inc., including an amendment and extension of its $1.725 billion asset-based revolving credit facility with Barclays Bank, PLC and an amendment and extension of its $1.55 billion receivables securitization facility.
  • Labcorp amends its $700 million accounts receivable securitization facilityJones Day advised Labcorp Holdings Inc., a leading life sciences company, in connection with an amendment to its accounts receivable securitization facility pursuant to which the total facility limit was increased to $700 million.
  • Data centers provider amends its master loan and security agreementJones Day advised a leading global provider of hyperscale data center campuses in connection with the amendment and upsizing of its $50 million master loan and security agreement for data center equipment.
  • Diebold Nixdorf completes $950 million Senior Secured Notes offering and obtains $310 million revolving credit facilityJones Day represented Diebold Nixdorf, Incorporated (“Diebold”), a global market leader in providing mission-critical hardware, software, and services to global blue-chip banking and retail clients, in connection with various financing transactions, including (i) a Rule 144A and Regulation S offering by Diebold of $950 million aggregate principal amount of 7.750% Senior Secured Notes due 2030, (ii) obtaining a new $310 million revolving credit facility, and (iii) a Dutch auction to repurchase all of the outstanding term loans under its existing term loan credit facility.
  • Labcorp enters into $300 million accounts receivable securitization facilityJones Day advised Labcorp Holdings Inc., a leading global life sciences company, in connection with a $300 million accounts receivable securitization facility with PNC Bank, National Association.
  • WestRock Company amends and extends its $700 million accounts receivable securitization facilityJones Day advised WestRock Company, a leader in sustainable, fiber-based packaging solutions, in connection with an omnibus amendment to amend and extend its $700 million accounts receivable securitization facility with Coöperatieve Rabobank U.A., New York Branch.
  • Guidehouse launches first-ever multiparty Small Business Administration unguaranteed securitizationJones Day advised Guidehouse, Inc., a leading global provider of consulting, digital, and managed services to commercial and public sector clients, in its role facilitating the launch of the first-of-its-kind multiparty securitization of the unguaranteed portion of Small Business Administration (SBA) 7(a) loans.
  • Vibrantz completes US$140 million new STS trade receivables securitisation and €10 million trade receivables factoring programmeJones Day assisted Vibrantz Corporation in relation to a new (i) US$140 million cross-border STS trade receivables securitization transaction with ING Belgium NV/SA and NORD/LB and (ii) €10 million bilateral factoring programme with ING Commercial Finance.
  • WESCO Distribution completes $1.75 billion Senior Notes offeringJones Day represented WESCO International, Inc., a leading provider of electrical, communications, and utility distribution and supply chain services, in connection with the Rule 144A and Regulation S offering by WESCO Distribution, Inc., a direct subsidiary of WESCO International, Inc., of $1.75 billion aggregate principal amount of Senior Notes, consisting of $900 million of 6.375% Senior Notes due 2029 and $850 million of 6.625% Senior Notes due 2032.
  • Global producer of residential and commercial building materials amends and extends its $300 million accounts receivable securitization facilityJones Day advised a global producer of residential and commercial building materials in connection with its $300 million receivables facility with PNC Bank, National Association.
  • WestRock Company amends its $700 million accounts receivable securitization facilityJones Day advised WestRock Company, a leader in sustainable, fiber-based packaging solutions, in connection with a joinder agreement and omnibus amendment related to its $700 million accounts receivable securitization facility with Coöperatieve Rabobank U.A., New York Branch.
  • WestRock Company amends and extends its accounts receivable monetization facilityJones Day advised WestRock Company, a leader in sustainable, fiber-based packaging solutions, in connection with the amendment and extension of its $110 million accounts receivable monetization facility with Sumitomo Mitsui Banking Corporation, New York Branch, as purchaser.
  • Cascades enters into $60 million accounts receivable monetization facilityJones Day represented Cascades Inc., a producer of sustainable, innovative, and value-added packaging, hygiene and recovery solutions, and certain of its subsidiaries, in connection with a new $60 million accounts receivable monetization facility with Coöperatieve Rabobank U.A., New York Branch, as purchaser.
  • Newell Brands enters into trade receivables facilityJones Day advised Newell Brands Inc., a leading consumer products company, in connection with its seasonally adjusting $225-$275 million trade receivables facility with Royal Bank of Canada, as administrative agent.
  • WestRock Company enters into $700 million accounts receivable monetization facilityJones Day represented WestRock Company, a leader in sustainable, fiber-based packaging solutions, and certain of its subsidiaries, in connection with a new replacement $700 million accounts receivable monetization facility with Coöperatieve Rabobank U.A., New York Branch, as purchaser.
  • TransDigm amends securitization facilityJones Day represented TransDigm Group Incorporated in connection with an upsizing of the accounts receivable facility and an extension of maturity under a receivables purchase agreement with PNC Bank, National Association and Wells Fargo Bank, National Association, each as purchasers for their respective purchaser groups.
  • Oncor Electric Delivery Company enters into $500 million revolving trade receivables securitization facilityJones Day represented Oncor Electric Delivery Company LLC, a regulated electricity transmission and distribution company, in connection with a $500 million revolving trade receivables securitization facility with MUFG Bank, Ltd., as administrative agent.
  • WestRock Company amends and extends its $700 million accounts receivable securitization facilityJones Day advised WestRock Company, a leader in sustainable, fiber-based packaging solutions, in connection with the amendment and extension of its $700 million accounts receivable securitization facility with Coöperatieve Rabobank U.A., New York Branch.
  • Gray Television enters into $300 million trade receivables facilityJones Day advised Gray Television, Inc., a television broadcast company, in connection with its $300 million trade receivables facility with Wells Fargo Bank, National Association, as administrative agent.
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    Fall 2012 Jones Day Publications

    Airlines and Aviation Alert

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