Rachel L.Rawson

Partner

Boston + 1.617.449.6904 Cleveland + 1.216.586.7276

Rachel Rawson has represented top tier clients in over $20 billion in financing transactions in 25 years in practice. She represents lenders and borrowers in asset-based secured loans, investment-grade company financings, private placements, and subordinated debt placements, many with multijurisdictional and multicurrency components, and advises private equity funds and their portfolio companies in connection with complex leveraged buyout financings and ongoing financing transactions.

Rachel's practice also includes representing lenders and borrowers in connection with workouts and restructurings of troubled credits, including out-of-court restructurings and debtor-in-possession financings and exit financings. Recently she has been advising a variety of clients on intercreditor issues, helping them navigate through transactions with multiple debt tranches and multiple lien priorities.

Clients for which Rachel has worked on substantial matters include Bank of America, KeyBank, PNC Bank, Citizens Bank, Santander Bank, The Riverside Company, Sprint Corporation, Horizon Global Corporation, Ferro Corporation, Blue Point Capital Partners, and Kirkland Capital Partners.

Rachel has spoken at numerous professional conferences and seminars on commercial financing and restructuring topics. She is an officer of the Cleveland Chapter of the Association for Corporate Growth and is active in community and charitable affairs.

Experience

  • FirstEnergy sells $2.4 billion minority transmission stake to BrookfieldJones Day is representing FirstEnergy Corp. in its $2.4 billion sale of a 19.9% equity stake in its subsidiary FirstEnergy Transmission, the holding company for FirstEnergy’s three regulated electric transmission businesses.
  • Riverside portfolio company acquires Halski SystemsJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Logically of Halski Systems, an award-winning and full-service IT managed services provider.
  • PNC Bank amends and restates revolving credit facility for Meridian Bioscience, Inc.Jones Day represented PNC Bank, National Association, as administrative agent, in connection with the amendment and restatement of its revolving credit facility for Meridian Bioscience, Inc. in the initial principal amount of $200 million.
  • FirstEnergy obtains $4.5 billion financing packageJones Day represented FirstEnergy Corp., a diversified energy holding company, and certain of its subsidiaries in connection with six new credit facilities in an aggregate amount of $4.5 billion, consisting of (i) a $1 billion senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (ii) an $800 million senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, (iii) a $950 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (iv) a $500 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, (v) a $400 million senior unsecured revolving credit facility with Mizuho, Ltd., as administrative agent, and (vi) an $850 million senior unsecured revolving credit facility with the administrative agent thereto.
  • Riverside to sell Lexipol to GTCRJones Day is representing The Riverside Company in the sale of Lexipol, a leader in policy management and training platforms for state and local governments, to GTCR.
  • PPC Flexible Packaging acquires Consumer Packaging Group, LLCJones Day represented Morgan Stanley Capital Partners and its portfolio company, PPC Flexible Packaging, LLC, in PPC's acquisition and financing of the Harland, Wisconsin, based Consumer Packaging Group, LLC.
  • Parker Hannifin obtains $2 billion term loan facility and amends revolving credit facilityJones Day represented Parker Hannifin Corporation in connection with $2 billion term loan facility with KeyBank National Association, as administrative agent, to finance the acquisition of Meggitt plc; and $3 billion amendment to its revolving credit facility.
  • Riverside portfolio company acquires Craynon Fire ProtectionJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company CertaSite of Craynon Fire Protection, a Dayton, Ohio, based company which provides fire and life safety system inspections, repairs and maintenance, and installations for retrofits and new construction.
  • Lamb Weston obtains new $1 billion multicurrency revolving credit facilityJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor and marketer of value-added frozen potato products, in connection with a new $1 billion multicurrency revolving credit facility provided by Bank of America, N.A., as administrative agent.
  • Riverside acquires Whittle & Mutch, Inc.Jones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company FlavorSum of Whittle & Mutch, Inc. (W&M), a fourth-generation, family-owned flavor house that manufactures and sells liquid flavors, emulsions, extracts, and other taste-related products primarily to beverage customers.
  • Parker Hannifin's recommended all cash acquisition of Meggitt PLCJones Day is acting as U.S. counsel to Parker Hannifin Corporation in the £6.3 billion acquisition of Meggitt plc, a leading international company headquartered in Coventry, United Kingdom, specializing in high performance components and subsystems for the aerospace, defense and selected energy markets.
  • Owens Corning obtains $800 million revolving credit facilityJones Day represented Owens Corning (the "Company"), a global producer of residential and commercial building materials and of glass fiber reinforcements and other materials for composites, in connection with its $800 million revolving credit facility with Wells Fargo and Bank of America, as joint sustainability coordinators.
  • Riverside sells portfolio company Greenphire to Thoma BravoJones Day represented The Riverside Company in connection with the sale of portfolio company Greenphire, the global leader in financial lifecycle management software for clinical trials, to Thoma Bravo, a software focused private equity firm.
  • KeyBank provides amended secured credit facility to NextEdge NetworksJones Day represented KeyBank National Association, as administrative agent, in connection with an amended secured credit facility provided to NextEdge Networks, a leading provider in turnkey small cell services for outdoor and in-building solutions.
  • Morgan Stanley Capital Partners acquires Nivel Parts & ManufacturingJones Day advised Morgan Stanley Capital Partners in the acquisition and financing of Nivel Parts & Manufacturing Co., LLC, a global manufacturer, distributor, and seller of aftermarket parts and accessories for niche vehicles and heavy-duty equipment.
  • The Toledo Edison Company issues $150 million Senior Secured Notes and First Mortgage BondsJones Day represented The Toledo Edison Company, an electric public utility subsidiary of FirstEnergy Corp., a diversified energy holding company, in connection with a Rule 144A and Regulation S offering of $150 million aggregate principal amount of 2.65% Senior Secured Notes due 2028 (the “Senior Secured Notes”) and concurrent issuance of an equal aggregate principal amount of its First Mortgage Bonds, 2.65% Series of 2021 due 2028, which were delivered to the trustee to be held as collateral security for the Senior Secured Notes.
  • Morgan Stanley Capital Partners portfolio company acquires Target Labels & Packaging LLCJones Day represented Morgan Stanley Capital Partners in connection with the acquisition by portfolio company, PPC Flexible Packing LLC, of North Salt Lake, Utah-based Target Labels and Packaging LLC.
  • KeyBank provides $60 million credit facility to Full Circle Fiber OperatingJones Day represented KeyBank National Association, as administrative agent, in connection with a $60 million credit facility consisting of a $52.5 million initial term loan facility and a $7.5 million revolving credit commitment, including a $3.5 million sub-facility for the issuance of letters of credit, provided to Full Circle Fiber Operating LLC, a provider of communication infrastructure and related products and services.
  • Bank of America amends asset-based revolving credit facility for Commercial Vehicle GroupJones Day represented Bank of America, N.A., as agent and a lender, in connection with an amendment to its asset-based revolving credit facility provided to Commercial Vehicle Group, Inc., a manufacturer of innovative component systems to improve performance, and certain of its subsidiaries.
  • Ferro Corporation sells its global Tile Coatings Business to Lone Star Funds for $460 millionJones Day advised Ferro Corporation, a leading global supplier of technology-based performance materials, in the sale of its global Tile Coatings Business to Pigments Spain, S.L., a portfolio company of Lone Star Funds, for $460 million in cash, with potential earnout payments of up to $32 million in cash based on the performance of the business pre-closing, subject to customary adjustments.
  • Speaking Engagements

    • May 2, 2012
      PLI’s Leveraged Financing 2012