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

  • 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.
  • Verint Systems separates into two independent companiesJones Day advised Verint® Systems Inc. ("Verint") in the separation and spin-off of its cyber intelligence business, Cognyte Systems Ltd.
  • 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.
  • Cooper Tire & Rubber refinances $100 million receivables facilityJones Day advised Cooper Tire & Rubber Company, a leading manufacturer and marketer of replacement tires, in connection with the assignment and refinancing of its $100 million receivables facility.
  • Cleveland-Cliffs acquires ArcelorMittal USA for approximately $1.4 billionJones Day advised Cleveland-Cliffs Inc. in connection with the acquisition and financing of substantially all of the operations of ArcelorMittal USA for approximately $1.4 billion.
  • Major distributor of alcoholic beverages refinances its mortgage loanJones Day represented a major distributor of alcoholic beverages in connection with the refinancing of its mortgage loan secured by real estate located in Brooklyn, NY.
  • 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
  • OUTFRONT Media completes $400 million Senior Notes offeringJones 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 $400 million in aggregate principal amount of 6.250% Senior Notes due 2025 in a Rule 144A and Regulation S offering.
  • Leading supplier to global rail industry obtains $150 million receivables facilityJones Day advised a leading supplier to the global rail industry, in connection with its $150 million receivables facility with PNC Bank, National Association, as administrative agent.
  • 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.
  • Corporate trustees seek advice relating to LIBOR transitionJones Day is advising two U.S.-based corporate trustees with respect to portfolios impacted by LIBOR transition and COFI cessation, including conducting portfolio-wide risk impact assessments, analyzing various consumer products, and developing litigation contingency plans.
  • 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.
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