Randi L.Strudler

Partner

(T) + 1.212.326.3626

With more than 25 years of service to the Firm and its clients, Randi Strudler's experience covers a broad range of corporate counseling including corporate governance, disclosure, strategic planning, and fiduciary issues. She advises companies and private equity firms, focusing primarily on complex acquisitions, dispositions, restructurings, and capital market transactions. She has represented a wide range of U.S. clients investing domestically as well as in non-U.S. jurisdictions.

Recent clients and transactions include Wabtec Corporation's acquisition of Faiveley Transport for $1.8 billion; the representation of the first lien holders in various bankruptcy restructurings including for Answers Corporation and AFG Holdings, Inc.; various investments by WL Ross & Co. in industries including steel, coal, automotive parts, and shipping; and the sale by ABB of its Meyer Steel Structure business for $600 million.

Randi is active in pro bono efforts including in connection with the Clemency Project to assist qualified federal inmates to petition to have their sentences commuted, or reduced, by the president of the United States and work with not-for-profit organizations that provide services to low income families including a Head Start program and a homeless shelter.

Experience

  • Wabtec completes $1.5 billion secondary offering of Common StockJones Day represented Westinghouse Air Brake Technologies Corporation ("Wabtec") in connection with a $1.5 billion secondary public offering of Common Stock by a selling stockholder.
  • Funds managed by Invesco Asset Management Limited participate in $80 million PIPE investment in Evofem BiosciencesJones Day advised funds managed by Invesco Asset Management Limited in their participation in an $80 million PIPE investment in Evofem Biosciences, Inc., a clinical-stage biopharmaceutical company committed to developing and commercializing innovative products to address unmet needs in women's sexual and reproductive health.
  • Twin River Worldwide Holdings completes $950 million debt refinancingJones Day represented Twin River Worldwide Holdings, Inc., a diverse, multi-jurisdictional owner and operator of gaming and racing facilities, in connection with its issuance of $400 million aggregate principal amount of 6.750% Senior Notes due 2027 in a Rule 144A and Regulation S offering and concurrent $550 million senior secured credit agreement, consisting of a $300 million senior secured term loan facility and a $250 million senior secured revolving credit facility.
  • Wabtec completes $1.9 billion secondary offering of Common StockJones Day represented Westinghouse Air Brake Technologies Corporation (“Wabtec”) in connection with a $1.9 billion secondary public offering of Common Stock by a selling stockholder.
  • Twin River Worldwide Holdings combines with Dover Downs Gaming & Entertainment, Inc.Jones Day advised Twin River Worldwide Holdings, Inc. in its merger with Dover Downs Gaming & Entertainment, Inc.
  • Diamond S Shipping merges with tanker business of Capital Product Partners for $1.65 billionJones Day advised Diamond S Shipping L.P. in its $1.65 billion merger with the tanker business of Capital Product Partners (CPP).
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • Wabtec completes $2.5 billion public offering of Senior NotesJones Day represented Westinghouse Air Brake Technologies Corporation (“Wabtec”) in connection with its underwritten public offering of $2.5 billion aggregate principal of Senior Notes, consisting of (i) $500 million aggregate principal amount of Floating Rate Senior Notes due 2021, (ii) $750 million aggregate principal amount of 4.150% Senior Notes due 2024, and (iii) $1.250 billion aggregate principal amount of 4.700% Senior Notes due 2028.
  • 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.
  • Neothetics and Evofem Biosciences mergeJones Day advised Invesco Asset Management Limited in connection with the merger of Evofem Biosciences, Inc. with a wholly owned subsidiary of Neothetics, Inc. and the purchase by certain of Invesco's discretionary managed funds of common stock of the combined company.
  • rue21 term loan lender group receives 96 percent equity in reorganized companyJones Day represented a group of term loan lenders of rue21, Inc., a specialty fashion retailer of girls' and guys' apparel and accessories with over 700 stores in 45 states, in connection with the retailer's chapter 11 cases in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
  • Auria Solutions obtains $350 million credit facilityJones Day advised Auria Solutions USA Inc., a supplier of soft trim and acoustical products for the automotive industry, in connection with a $350 million facility with Bank of America, N.A., as administrative agent. The new credit facility consisted of a $100 million term loan, a $150 million revolving credit facility, and a $100 million delayed draw term loan, and was made in connection with long-time client International Automotive Components Group North America LLC's spin-off of its soft-trim business into a joint venture with Shanghai Shenda Co., Ltd.
  • Analytics company issues convertible debt and refinances two credit facilitiesJones Day advised an analytics company in connection with its issuance of convertible debt, including a delayed-draw facility and related amendment to two credit facilities.
  • Answers Corp. DIP/First Lien Lender Group receives 96 percent of equity as debtor emerges pursuant to prepackaged plan of reorganizationJones Day represented a group of first lien term loan lenders of Answers Holdings Inc., a leading global provider of high-quality internet content and customer solutions, in its prepackaged chapter 11 cases.
  • Wabtec acquires Faiveley Transport for $1.8 billionJones Day advised Wabtec Corporation in the acquisition of Faiveley Transport S.A., a global supplier of high added value integrated systems for the railway industry, for a total of $1.8 billion in cash and stock, including assumed debt.
  • WL Ross sells 53.6 million shares in Virgin Money Holdings (UK) plcJones Day represented WL Ross & Co. LLC in the sale of 53.6 million shares in Virgin Money Holdings (UK) plc, a United Kingdom-based retail-only bank.
  • First lien lenders take majority ownership in RCS Capital chapter 11 caseJones Day represented a steering committee of first lien lenders in the RCS Capital Corp. chapter 11 cases filed in the U.S. Bankruptcy Court for the District of Delaware.
  • WL Ross sells 20 percent of VTG AG, completing €358 million (US$401.4 million) divestitureJones Day advised WL Ross & Co. LLC in its sale of approximately 20 percent of the outstanding shares in VTG Aktiengesellschaft to Kuehne Holding AG, completing a €358 million (US$401.4 million) divestiture.
  • 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.
  • NII Holdings obtains approval for reorganization planJones Day client NII Holdings, Inc. obtained approval for its chapter 11 reorganization plan following a 9-day contested trial on confirmation.
  • Additional Publications

    • November 2009
      2010 Proxy Primer: Did You Receive the Required Vote?, Reproduced with permission from BNA'sCorporate Counsel Weekly, 24 CCW 344, Copyright 2009 by The Bureau of National Affairs, Inc. (800-372-1033) (http://www.bna.com)
    • September 1998
      Due Diligence Investigations in Asia, The Barclays Capital Guide to Private Equity in Asia
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