Rachel L.Rawson

Partner

Boston + 1.617.449.6904 Cleveland + 1.216.586.7276

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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

  • National bank amends unsecured revolving credit facility for nonprofit health and well-being organization and its subsidiariesJones Day represented a national bank in connection with an amendment to an unsecured revolving credit facility, which increased the revolver to $200 million, provided to a nonprofit health and well-being organization and its subsidiaries.
  • GrafTech completes $450 million Senior Secured Notes offeringJones Day represented GrafTech International Ltd., a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals, in connection with the Rule 144A and Regulation S offering of $450 million aggregate principal amount of 9.875% Senior Secured Notes due 2028 (the "Notes") by GrafTech Global Enterprises Inc., its wholly-owned subsidiary.
  • Riverside sells Baker Hill to Flexpoint FordJones Day is representing The Riverside Company in connection with the sale of portfolio company Baker Hill, a provider of cloud-based, end-to-end loan origination, risk management, and analytics software, to Flexpoint Ford.
  • Webster Bank provides $25 million credit facility to research and archiving service provider in biopharmaceutical industryJones Day represented Webster Bank, N.A. as administrative agent, collateral agent, swingline lender, issuing bank, and as a lender, in connection with a $25 million credit facility to a certain group of borrowers and their subsidiaries which provide research and archiving services in the biopharmaceutical industry.
  • Morgan Stanley Capital Partners portfolio company acquires ASL Print FXJones Day advised Morgan Stanley Capital Partners in connection with the acquisition and financing by portfolio company AWT Labels & Packaging Inc. (AWT) of ASL Print FX (ASL), a leading manufacturer of innovative print solutions to beverage, consumer packaged goods, envelope, and promotional markets across North America.
  • KeyBank provides incremental loan for Secretariat’s acquisition of Lighthouse Consulting GroupJones Day represented KeyBank National Association, as administrative agent, in connection with an incremental loan for the acquisition of Lighthouse Consulting Group by Secretariat Advisors LLC, a sponsor-backed borrower.
  • High Road Capital portfolio company acquires Color Putty Co., Inc.Jones Day advised High Road Capital Partners in connection with the acquisition and financing by portfolio company U-C Coatings, LLC of the Color Putty product line, a manufacturing and distribution company specializing in the water- and oil-based putties used for woodwork, flooring, furniture, recreational vehicles, and cabinetry.
  • Riverside portfolio company acquires Mold MedicsJones Day represented The Riverside Company in connection with the acquisition and financing by portfolio company Threshold Brands of Mold Medics, a provider of residential and commercial mold remediation and air duct cleaning services in Pennsylvania.
  • High Road Capital portfolio company acquires DevLinks, LtdJones Day advised High Road Capital Partners in connection with the acquisition and financing by portfolio company John Henry Foster Minnesota, Inc. of DevLinks, Ltd, a leading systems integrator providing full-service automation solutions to include design, integration, and installation with emphasis on the plastics industry.
  • MassMutual provides variable term loan series to sponsor-backed borrowerJones Day represented Massachusetts Mutual Life Insurance Company, as administrative agent and lead lender, in connection with a variable term loan series provided to a sponsor-backed borrower.
  • Real Alloy sells European business to SpeiraJones Day advised Real Alloy Holding, LLC in the sale of its European aluminum and magnesium recycling operations to Speira GmbH, an affiliate of KPS Capital Partners.
  • Webster Bank provides $33.25 million credit agreement to medical product manufacturerJones Day represented Webster Bank, N.A., as administrative agent, lender, and letter of credit issuer, in connection with a $33.25 million credit agreement, consisting of a $5 million revolving credit facility and a $28.25 million term loan facility, provided to an owner of a network of manufacturers of disposable medical and surgical products for ear, nose, and throat (ENT) and cosmetic/plastic surgery applications in the United States and United Kingdom.
  • Riverside sells Modern Hire to HireVueJones Day represented The Riverside Company in connection with the sale of portfolio company Modern Hire, the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring experiences and outcomes with trusted science and technology, to HireVue, a global leader in video interviewing, assessments, and text-enabled recruiting tools.
  • MassMutual negotiates and documents €100 million revolving credit facility to SPV, managed by leading global investment firmJones Day represented Massachusetts Mutual Life Insurance Company, as lead lender and servicer, in negotiating and documenting a €100 million revolving credit facility provided to a special purpose vehicle under the management of a leading global investment firm.
  • National bank completes second amendment to $75 million unsecured revolving credit facility to higher education institutionJones Day represented a national bank in connection with its second amendment to a $75 million unsecured revolving credit facility provided to a higher education institution.
  • Horizon Global merges with First Brands GroupJones Day represented Horizon Global Corporation in its acquisition by First Brands Group, LLC, a global automotive parts manufacturer that serves the worldwide automotive aftermarket.
  • Leading financial services provides $215 million credit facility in connection with strategic acquisition by private-equity sponsor of vertically integrated site access services companyJones Day represented a leading financial services company, as left lead arranger and administrative agent, in a $215 million syndicated senior secured credit facility, consisting of a $150 million term loan and a $65 million revolving credit facility, in connection with a strategic acquisition by a private-equity sponsor of a vertically integrated site access services company.
  • FirstEnergy to sell $3.5 billion transmission stake to BrookfieldJones Day is advising FirstEnergy Corp. in the $3.5 billion sale of an additional 30.0% equity stake in its subsidiary FirstEnergy Transmission (“FET”), the holding company for FirstEnergy’s three regulated electric transmission businesses, to North American Transmission Company II L.P., FirstEnergy’s existing joint venture partner in FET and a controlled investment vehicle entity of Brookfield Infrastructure Partners.
  • Lamb Weston increases term loan facility by $450 millionJones Day represented Lamb Weston Holdings, Inc., a leading global producer, distributor, and marketer of value-added frozen potato products, in connection with a $450 million incremental increase to its term loan facility with AgWest Farm Credit, PCA, as administrative agent, bringing the total size of the facility to $1.075 billion.
  • Olympic Steel obtains $150 million incremental increase to its revolving credit facility with Bank of America, N.A.Jones Day represented Olympic Steel, Inc., a national metals service center focused on the value-added processing of flat-rolled metals and pipe and tube, in connection with a $150 million incremental increase to its revolving credit facility with Bank of America, N.A., as administrative agent, bringing the total size of the facility to $625 million.
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    March 2020 White Paper

    Coronavirus—Strategic Considerations for Financial Institutions and Their Boards

    Speaking Engagements

    • May 2, 2012
      PLI’s Leveraged Financing 2012

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