Michelle F.Herman

Counsel

New York + 1.212.326.8373

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

Michelle has represented lenders and lessors in a wide range of aviation finance transactions, including leveraged leases, single-investor leases, operating leases, acquisitions and dispositions of lease portfolios, aircraft foreclosures, debt purchases, and sale and leasing of corporate jet aircraft. 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.

Prior to joining Jones Day in 2010, Michelle represented the following companies in aviation, equipment leasing, and banking and finance matters: Babcock & Brown, Building Materials Manufacturing Corporation, G-I Holdings, General Motors Corporation, Global Crossing Telecommunications, Lehman Brothers, Oak Hill Capital, Prokom Investments, Silver Point Capital, and Strategic Value Partners.

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

  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • OUTFRONT Media completes $500 million Rule 144A and Reg S offering of Senior NotesJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the issuance by two of its wholly-owned subsidiaries of $500 million in aggregate principal amount of 4.625% Senior Notes due 2030 in a Rule 144A and Regulation S offering.
  • OUTFRONT Media refinances $1.1 billion credit facilityJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the refinancing of its $1.1 billion credit facility with Morgan Stanley Senior Funding, Inc., as administrative agent.
  • Performance apparel manufacturer refinances asset-based loan facilityJones Day represented a private equity firm and one of its portfolio companies, a manufacturer of performance apparel, in the refinancing of the portfolio company's asset-based loan facility.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • OUTFRONT Media amends and extends receivables and repurchase facilitiesJones Day advised OUTFRONT Media Inc., one of the largest providers of advertising space on out-of-home advertising structures and sites in the United States and Canada, in connection with the amendment and extension of $125 million receivables facility with MUFG Bank, Ltd., which was amended to include receivables from both taxable (TRS) and qualified (QRS) REIT subsidiary originators and (ii) amendment and extension of $90 million repurchase facility with MUFG Bank, Ltd., as repurchase buyer, with respect to two subordinated notes respectively issued by TRS and QRS receivables facility SPV in favor of the applicable originator under the receivables facility.
  • Goldman Sachs provides credit facility to CredijustoJones Day represented Goldman Sachs in connection with a credit facility provided to Credijusto, a Mexican financial technology firm.
  • Trico Group acquires Performance Pumps business of UCI International HoldingsJones Day advised Trico Group Holdings, LLC in connection with its acquisition of the Performance Pumps business of UCI International Holdings.
  • Global manufacturer enters into $75 million account receivables securitization with Wells Fargo BankJones Day represented a global manufacturer in connection with its $75 million account receivables securitization with Wells Fargo Bank, N.A.
  • OUTFRONT Media amends and extends $100 million receivables facility and enters into $75 million repo agreement with MUFG BankJones Day advised OUTFRONT Media Inc., a leading provider of advertising space on out-of-home advertising structures and sites across the United States, Canada, and Latin America, in connection with the amendment and extension of its $100 million receivables facility with MUFG Bank, Ltd. and entry into a $75 million repo agreement with MUFG Bank, Ltd. with respect to a subordinated note issued by the receivables facility SPV in favor of the originator under the accounts receivable facility.
  • TransDigm Group amends trade receivable securitization facilityJones Day represented TransDigm Inc., a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with the amendment to its trade receivable securitization facility with PNC Bank, National Association, as administrator, including to, among other things, increase the purchase limit to $350 million.
  • National bank provides $762 million senior secured revolving credit facility to national fleet vehicle leasing company and related titling trustJones Day represented a national bank, as left lead agent and arranger, in a $762 million senior secured revolving credit facility, which includes a senior secured swing line facility and senior secured letter of credit facility, provided to a national fleet vehicle leasing company and its titling trust and other subsidiaries.
  • Spanish bank completes $1.475 billion initial purchase of 2018-A Notes from Irish Designated Activity CompanyJones Day represented a Spanish bank in connection with its initial purchase of 2018-A Notes in an aggregate principal amount of $1.475 billion from Irish Notes 2018-A Designated Activity Company.
  • Verint Systems refinances $425 million existing senior term debtJones Day advised Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with the refinancing of $425 million of existing senior term debt.
  • Nextel Participações amends and restates two existing loan agreementsJones Day advised Nextel Participações Ltda., the Brazilian operating subsidiary of NII Holdings, Inc., in connection with the amendment and restatement of two existing loan agreements in an aggregate principal amount of $245 million with China Development Bank, as administrative agent.
  • Flowers Foods amends and extends existing $500 million credit facilityJones Day represented Flowers Foods, Inc., a leading producer and marketer of fresh packaged bakery foods, in connection with an amendment and extension of its existing $500 million revolving credit facility with Deutsche Bank AG New York Branch, as administrative agent.
  • Spanish bank completes $1.347 billion initial purchase of asset-backed notes and certificates issued by Santander Prime Auto Issuance Notes TrustJones Day represented a Spanish bank in connection with the initial purchase of $1.347 billion asset-backed notes and certificates issued by Santander Prime Auto Issuance Notes Trust 2017-C.
  • ING Bank N.V., Sucursal en España and Finacity Capital Management arrange cross-border trade receivables facility for Ferroglobe PLCJones Day represented ING Bank N.V., Sucursal en España and Finacity Capital Management in connection with a cross-border trade receivables facility for Ferroglobe PLC, a leading materials innovation company.
  • OUTFRONT Media completes $100 million trade receivables securitizationJones Day represented OUTFRONT Media Inc., a leading provider of advertising space on out-of-home advertising structures and sites across the United States, Canada, and Latin America, in connection with its $100 million trade receivables securitization facility.
  • Verint Systems refinances existing credit agreementJones Day advised Verint Systems Inc., a provider of Actionable Intelligence® solutions and value-added services, in connection with the refinancing of its existing credit agreement with a new $725 million credit agreement.
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