Andrew L.Rotenberg

Partner

London + 44.20.7039.5159

Andrew Rotenberg has more than 22 years of experience in acting for lenders and borrowers on cross-border and multicurrency financings, including cash flow, secured and asset-based loans, and securitizations. He advises creditors (including bondholders, bondholder committees, and distressed investors) and debtors in complex out-of-court multijurisdictional workouts and financial restructurings. Many of these transactions include complex structures, intercreditor arrangements, and multiple tranches of debt. Andrew's clients, which include commercial and investment banks, finance companies, institutional investors, private equity funds, hedge funds, and alternative investment vehicles and public and private companies, rely on his substantial experience with and knowledge of the legal systems and workout procedures of more than 25 countries throughout Europe, Asia, and the Americas.

Andrew has advised on numerous complex cross-border secured financings, including financings for Dana Corp., Doncasters Group, Exide Corporation, International Automotive Components Group, and JohnsonDiversey. He led a team of attorneys advising the mezzanine bondholders in connection with the restructuring of Autodis. He has counseled lenders and bondholders in the Clinton Cards, Nybron, Thomson, and Waterford Wedgwood restructurings, among others. He has advised clients in China on the structuring of letter of credit facilities in connection with the acquisition of public companies.

Andrew is a member of the Law Society of England and Wales and the Massachusetts Bar, among other organizations. He is also a member of the executive advisory committee of the European chapter of the Commercial Finance Association. Andrew is committed to improving children's education and is chair of governors of a local primary school.

Experience

  • 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.
  • Merchant banking firm provides $200 million acquisition financing to consulting firmJones Day advised a merchant banking firm in connection with a $200 million senior secured credit facility comprised of a $185 million term loan and a $15 million revolving credit facility supporting the acquisition of a multi-discipline design, engineering, and management consulting firm based in Southern California.
  • 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.
  • 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.
  • PolyOne amends and restates existing asset-based credit facilityJones Day represented PolyOne Corporation, a premier global provider of specialized polymer materials, services, and solutions, in connection with the amendment and restatement of its existing asset-based credit facility with Wells Fargo Capital Finance, LLC, as administrative agent.
  • Supplier of automotive components and systems amends and extends existing asset-based global revolving credit facilityJones Day represented a leading global supplier of automotive components and systems in connection with the amendment and extension of its existing asset-based global revolving credit facility, including a Canadian revolving credit subfacility and European receivables securitization.
  • 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.
  • Cineworld Group completes asset monetization strategies in United States through cinema sale-leaseback transactionsJones Day advised UK headquartered, Cineworld Group PLC in connection with an asset monetization strategy in the United States involving a combined cash consideration of $556.3 million cinema sale-leaseback transactions to convert a substantial portion of Cineworld’s U.S. real estate holdings into cash to leverage its equity and optimize efficiency.
  • Crestline Direct Finance provides $125 million senior secured term loan to subscription based online retailerJones Day advised Crestline Direct Finance, as administrative agent, collateral agent, and sole lead arranger, in connection with a $125 million senior secured term loan facility provided to a subscription based online retailer.
  • Huadong Medicine announces £169 million (US$222 million) takeover offer for and acquisition of Sinclair Pharma PlcJones Day advised Huadong Medicine Co. Ltd. ("HMC") and its subsidiary, Huadong Medicine Aesthetics Investment (HongKong) Limited ("Huadong"), on Huadong's takeover offer for and acquisition of Sinclair Pharma Plc with a total value of approximately £169 million (US$222 million).
  • SunTrust Robinson Humphrey and SunTrust Bank-led syndicate provide $1.1 billion credit facility to EquifaxJones Day advised SunTrust Robinson Humphrey, Inc., as left lead arranger, and SunTrust Bank, as administrative agent, in connection with a $1.1 billion senior revolving credit facility provided by a syndicate of lenders to Equifax Inc., a consumer credit reporting agency.
  • International Automotive Components Group completes refinancing of Senior Secured NotesJones Day advised International Automotive Components Group, S.A., a leading global supplier of automotive components and systems, in connection with the issuance of $215 million of Senior Secured Notes due 2023 to Gamut Capital Management, L.P. in a private placement.
  • WIND Hellas Telecommunications issues €95 million of additional Senior Secured NotesJones Day advised WIND Hellas Telecommunications S.A. on its offering of €95 million of additional 10.000% Senior Secured Notes due 2021 to be listed on The International Stock Exchange.
  • CIS Natural Resources Fund acquires 36.6 percent interest in GRK Bystrinskoye for $275 millionJones Day represented CIS Natural Resources Fund in its $275 million acquisition from MMC Norilsk Nickel of a 36.6 percent interest in GRK Bystrinskoye, a major Russian mining company located in the Eastern Siberia.
  • KeyBank provides $775 million credit facility to GTT CommunicationsJones Day represented KeyBank National Association, as lender and administrative agent, in connection with the $775 million credit facility provided to GTT Communications, Inc., a multinational telecommunications and internet service provider.
  • SunTrust Robinson Humphrey and SunTrust Bank-led syndicate provide $2.5 billion credit facilities to EquifaxJones Day advised SunTrust Robinson Humphrey, Inc., as left lead arranger, and SunTrust Bank, as administrative agent, in connection with $2.5 billion of senior credit facilities provided by a syndicate of lenders to Equifax Inc., a consumer credit reporting agency.
  • Large automotive interior components supplier obtains $300 million and €175 million senior secured global revolving credit facilitiesJones Day represented a large automotive interior components supplier in connection with the negotiation and documentation of $300 million and €175 million (US$196.7 million) senior secured global revolving credit facilities with a syndicate of banks led by CF Lending, LLC as administrative agent and GE Capital Markets, Inc. as lead arranger.
  • RBS subsidiary provides financing to German-based consultative staffing firmJones Day represented RBS Invoice Finance, a subsidiary of The Royal Bank of Scotland Group Plc, in connection with an accounts receivables financing provided to a leading German-based consultative staffing firm specializing in various technologies.
  • ESO Capital provides €35 million for refinancing by Moventas Gears OyJones Day represented ESO Capital, as lender, in connection with the €35 million (US$41.3 million) refinancing of Moventas Gears Oy, a Finnish gear manufacturer and servicer of wind turbines.
  • Crawford & Company acquires GAB RobinsJones Day advised Crawford & Company in the acquisition of GAB Robins Holdings UK Limited, a loss adjusting and claims management provider headquartered in the United Kingdom.
  • Speaking Engagements

    • May 8, 2014
      Jones Day/Debtwire Middle Market Conference
    • October 27, 2010
      C5 21st Edition Commercial Loans Conference
    • March 19, 2010
      Euromoney 12th Annual Syndicated Loans Conference
    • November 18, 2009
      Euromoney 8th Annual Distressed Debt Conference
    • November 18, 2008
      11th Euro Finance Week
    • July 12, 2007
      Investing in Distressed Debt 2007
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