Kane J.Kersaitis

Associate

Sydney + 61.2.8272.0740

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Kane Kersaitis regularly advises lenders, borrowers, investors, and directors on restructuring and insolvency matters. He also advises lenders and borrowers on a range of financing transactions.

Kane has advised clients in a broad number of industries, including mining and mining services, agribusiness, tourism, and manufacturing. He has assisted clients with contingency planning, advised on complex issues arising from the implementation of the Personal Property Securities Act 2009 (PPSA), and acted for insolvency practitioners investigating and pursuing claims against directors and other third parties.

Examples of Kane's recent transactions include: acting for the largest single creditor in the Virgin Australia administration; advising Coronado Global Resources in relation to the 2021 refinancing of its facilities with US$350m high yield bonds and a US$100m asset-backed loan; advising Hornblower Group on finance-related aspects of its acquisition of Australia's leading experiential travel group, Journey Beyond; advising on the global restructuring of the syncreon group; acting for Sasser Family Holdings in the sale of CF Asia Pacific; and acting for the Insurance Commission of Western Australia in the $1.8 billion settlement of the Bell Group liquidation proceedings.

Experience

  • Direct lender provides $100 million term loan facility to designer and developer of enterprise softwareJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $80 million senior secured term loan facility and $20 million senior secured delayed draw term loan facility provided to a designer and developer of enterprise software, the proceeds of which were used, in part, to finance the acquisition of a data technology provider.
  • KeyBank amends and restates $250 million secured revolving credit facility for cloud infrastructure providerJones Day represented KeyBank National Association, as administrative agent, in connection with an amended and restated $250 million secured revolving credit facility provided to a cloud infrastructure provider.
  • OakNorth finances management buyout of Mr Fothergill's SeedsJones Day advised OakNorth Bank plc in connection with its financing of the management buyout of UK-based horticulture company, Mr Fothergill's Seeds by Harwood Private Capital.
  • Hornblower Group acquires Journey BeyondJones Day advised Hornblower Group, Inc. in its acquisition of Australia's leading experiential travel group, Journey Beyond.
  • Coronado Global Resources completes US$550 million in combined financingJones Day represented Coronado Global Resources Inc., in connection with (i) an offering of US$350 million aggregate principal amount of 10.750% Senior Secured Notes due 2026, (ii) a secured asset-based revolving credit agreement in an initial aggregate principal amount of US$100 million, and (iii) an offering of US$100 million aggregate principal amount of shares of its Common Stock in the form of CHESS Depositary Interests, which are listed on the Australian Stock Exchange.
  • Pepper Global restructures corporate groupJones Day advised Pepper Global, a leading diversified global loan servicer and lender, on a major restructure of its corporate group.
  • Centuria Capital Group acquires 50% interest in Bass CapitalJones Day advised Centuria Capital Group in the acquisition of a 50% interest in Bass Capital Partners Pty Ltd (Bass), a real estate secured non-banking finance provider for development projects, which includes an option to acquire the remaining 50% interest in Bass in five years.
  • Alfred Medical Imaging acquired by I-MED Radiology NetworkJones Day advised Alfred Medical Imaging in its acquisition by I-MED Radiology Network.
  • Sasser Family Holdings sells CF Asia Pacific to Anchorage Capital PartnersJones Day represented Sasser Family Holdings, Inc. (SFH) in the sale of CF Asia Pacific to a company controlled by one or more entities managed or advised by Anchorage Capital Partners.
  • Ad hoc group of senior secured lenders advised in landmark restructuring of the syncreon groupJones Day acted for the ad hoc group of senior secured lenders in the landmark restructuring of the global logistics syncreon group which was implemented via English Schemes of arrangement, with chapter 15 recognition in the U.S. and CCAA recognition in Canada.
  • Centuria Capital acquires 50% voting interest and 63.06% economic interest in Centuria HeathleyJones Day advised Centuria Capital Limited on the acquisition by its wholly-owned subsidiary, Centuria Platform Investments Pty Ltd, of a 50% voting interest and 63.06% economic interest in Heathley Limited's property funds management platform, forming a specialist healthcare funds manager, Centuria Heathley.
  • Financial institution provides multi-currency senior secured syndicated credit facility to international manufacturing companyJones Day represented a financial institution, as lead arranger and administrative agent, in connection with a multi-currency senior secured syndicated credit facility to an international manufacturing company.
  • Exide Technologies completes $1.1 billion comprehensive new financing and recapitalizationJones Day represented Exide Technologies, a global leader in stored energy solutions for the automotive and industrial markets, in connection with a comprehensive new financing and recapitalization transaction.
  • KPMG Australia acquires Ferrier HodgsonJones Day advised KPMG Australia in its acquisition of Ferrier Hodgson, a leading independent restructuring, turnaround and insolvency firm in Australia.
  • Gatemore Partners LP acquires Legacy Agency and TLA Worldwide Americas from TLA WorldwideJones Day represented Gatemore Partners LP in connection with the acquisition of the U.S. business of TLA Worldwide PLC, a sports marketing and athlete representation company, by a company owned and managed by Gatemore Partners LP.
  • Heidrick & Struggles amends and restates revolving credit facilityJones Day advised Heidrick & Struggles International, Inc., a premier global provider of executive search, leadership assessment and development, organization and team effectiveness, and culture shaping services, in connection with the amendment and restatement of its revolving credit facility.
    • View All

    August 2022 White Paper

    An Update on Insolvency in the Australian Construction Industry

    March 2021 Newsletters

    Business Restructuring Review | March–April 2021

    March 2021 Newsletters

    Legislative Update: New Australian Insolvency Law Reforms Enacted for Small Businesses

    October 2019 Commentary

    Bakewell v Anchorage Capital Master Offshore Ltd: Can Ancillary Rights and Claims Be Sold?

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