Kevin M.Samuels

Partner

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Kevin Samuels focuses his practice on leveraged and commercial financing, including representing banks, credit funds, and other financial institutions, such as "mezzanine" lenders, equity sponsors, and public and private companies, in all forms of debt facilities. He has vast experience in numerous types of financing, including leveraged finance transactions and other syndicated, multibank credit facilities; cross-border and foreign currency facilities; asset securitization; asset-based financing; acquisition-related facilities; and mezzanine and subordinated debt facilities. In addition, Kevin has significant experience related to complex intercreditor aspects of financing, including mezzanine transactions, first lien/second lien transactions, and unitrache facilities.

Kevin's financial institution clients include, among others, KeyBank, PNC Bank, Cyrium Investment Partners, PNC Erieview, and Stonehenge Capital. He also represents a number of private equity firms, including The Riverside Company, American Industrial Partners, Blue Point Capital, Blue Sea Capital, Cortec Group, HCI Equity Partners, High Road Capital, Kirtland Capital, Morgenthaler, Norwest Equity Partners, and Rockwood Equity Partners, and corporations, including American Greetings, Cleveland-Cliffs, Cooper Tire & Rubber, Marathon Petroleum, MPLX, PolyOne, Site Centers, Sherwin-Williams, TransDigm Group, and WESCO International.

Kevin is a member of Jones Day's global, cross-disciplinary LIBOR transition team, which advises on the legal and regulatory issues arising from the forthcoming market transition to alternative reference rates.

Kevin is a member of the Cleveland Office's Hiring Committee and Recruiting Committee, the Ohio State Bar Association, and the Cleveland Metropolitan Bar Association.

Experience

  • American Greetings amends and restates credit agreementJones Day represented American Greetings Corporation, a leading designer, manufacturer, and distributor of social expressions products, in connection with its amended and restated senior secured credit agreement provided by Bank of America, N.A., as global administrative agent, PNC Bank, National Association, and other lenders.
  • Blackbaud obtains $700 million credit facilityJones Day represented Blackbaud, Inc., a leading provider of software and services to nonprofits, in its new $700 million credit facility, including a $400 million senior secured revolving credit facility, with a swingline sublimit, a letter of credit sublimit, and a multicurrency tranche; as well as a $300 million senior secured term loan facility, with the option to increase commitments under the facilities up to an aggregate amount of $200 million.
  • Cintas acquires G&K Services for $2.2 billionJones Day advised Cintas Corporation in its acquisition of all of the outstanding shares of G&K Services, Inc. for $97.50 per share in cash, for a total enterprise value of approximately $2.2 billion, including acquired debt.
  • Cliffs Natural Resources recapitalizes existing debt and successfully completes refinancing of existing credit facilityJones Day represented Cliffs Natural Resources Inc. and its subsidiaries in the recapitalization of certain of its existing debt, which included the issuance of $540 million aggregate principal amount of 8.250% Senior Secured First Lien Notes due 2020 in a Rule 144A and Regulation S offering and the issuance of approximately $544 million aggregate principal amount of 7.75% Senior Secured Second Lien Notes due 2020 that were issued in exchange offers for certain of Cliffs' outstanding notes.
  • Ferro obtains new revolving commitmentsJones Day represented Ferro Corporation, a leading global supplier of technology-based performance materials, and its affiliates in connection with the $100 million increase to the revolving loan commitment under its credit agreement.
  • KeyBank provides $625 million credit facility to NN, Inc.Jones Day represented KeyBank National Association in connection with its $525 million term credit facility and $100 million revolving credit facility provided to NN, Inc., a diversified industrial company and global manufacturer of metal bearing, plastic, rubber, and precision metal components.
  • Marathon Petroleum obtains $700 million term loan facilityJones Day represented Marathon Petroleum Corporation, a leading oil refining, marketing and pipeline transport company, and its subsidiaries in connection with a $700 million term loan facility to finance a portion of the purchase price of the acquisition of Hess Retail Holdings LLC.
  • MPLX obtains $2.25 billion revolving credit facilityJones Day represented MPLX LP, a diversified, growth-oriented master limited partnership, in connection with a $2.25 billion five-year revolving credit facility with Wells Fargo Bank, National Association, as administrative agent.
  • Peabody Energy closes $800 million DIP financing packageJones Day represented Peabody Energy Corporation, a large private-sector coal company, in connection with their $800 million debtor-in-possession superpriority secured financing arrangement.
  • PNC Bank amends and restates credit agreement for Triumph GroupJones Day represented PNC Bank, National Association ("PNC"), as administrative agent, and PNC Capital Markets LLC, as joint lead arranger, in connection with the sixth amendment to third amended and restated credit agreement for Triumph Group, Inc., a global leader in manufacturing and overhauling aerospace structures, systems, and components.
  • PolyOne obtains $550 million term loan facilityJones Day represented PolyOne Corporation, a premier global provider of specialized polymer materials, services, and solutions, and certain of its subsidiaries in connection with a $550 million term loan facility provided by Citibank, N.A.
  • Polypore International and subsidiaries refinances existing credit agreement and enters into $650 million credit facilitiesJones Day represented Polypore International, Inc., a developer, manufacturer, and marketer of specialized microporous membranes for the use in separation and filtration processes, and its subsidiaries in the refinancing of their existing credit agreement and entry into new senior secured credit facilities consisting of a $150 million revolving credit facility, with a letter of credit and swingline sublimit, and a $500 million term loan facility.
  • Riverside acquires Momentum GroupJones Day advised The Riverside Company in connection with the acquisition and related financing of the Momentum Group, an award-winning and industry-leading distributor of commercial interior fabrics, wallcoverings, and related products.
  • RockWood Equity Partners acquires BJG ElectronicsJones Day advised RockWood Equity Partners LLC in connection with the acquisition and related financing of BJG Electronics, Inc., a distributor and light manufacturer of high reliability electronic components serving the defense, commercial aerospace, and business aviation markets.
  • Sherwin-Williams acquires Valspar for $11.3 billionJones Day advised The Sherwin-Williams Company in its $11.3 billion acquisition of The Valspar Corporation.
  • TransDigm Group completes Notes offering and additional term loan for $1.9 billionJones Day represented TransDigm Group Incorporated, a leading global designer, producer, and supplier of highly engineered aircraft components, in connection with the Rule 144A and Regulation S offering by TransDigm Inc., a wholly-owned subsidiary of TransDigm Group, of 6.375% Senior Subordinated Notes due 2026 in an aggregate principal amount of $950 million, the funding of an additional term loan of $500 million, receiving commitments for a delayed draw term loan of $450 million, and amending its existing credit agreement to, among other things, permit additional restricted payments (including dividends and share repurchases) in an aggregate amount not to exceed $1,500 million, subject to the satisfaction of certain conditions.
  • WESCO International enters into $550 million receivables purchase agreement with PNC BankJones Day represented WESCO International, Inc., a multinational electronics distribution and services company, and its subsidiaries in connection with the $550 million receivables purchase agreement with PNC Bank, National Association and the various purchaser groups party thereto.
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