Sheryl Gittlitz

Sheryl Gittlitz is co-head of the firm's Syndicated & Leveraged Finance practice. Ms. Gittlitz represents private equity sponsors, companies, and financial institutions in the structuring, negotiation, and documentation of a broad range of commercial lending transactions, handling matters involving asset-based loans, working capital facilities, and acquisition financing. She is also well-versed in debtor-in-possession financings, Chapter 11 exit financings, recapitalizations, restructurings, and workouts.

Focus Areas

Experience

Global Tel*Link Corporation, a leading provider of correctional technology and payment services solutions for correctional facilities and government agencies in the US, in connection with the incurrence of a $980 million first lien term loan facility and a $260 million incremental second lien facility, the proceeds of which were used by Global Tel*Link Corporation to refinance its existing indebtedness.
Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, in connection with the incurrence of an $800 million first lien credit facility consisting of a $450 million multi-currency revolving credit facility and a $350 million term loan B, the proceeds of which were used by Celestica Inc. to refinance its existing indebtedness and in connection with a $250 million incremental term loan B, the proceeds of which were used to repay approximately $245.0 million of the $339.5 million borrowed under its revolving credit facility to finance an acquisition.
Albemarle Corporation (NYSE: ALB), a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts, in connection with Albemarle Corporation entering into $1 billion multi-currency unsecured revolving credit facility maturing late in the second quarter of 2023. The new credit facility permits certain of Albemarle Corporation's wholly-owned subsidiaries to become parties to the credit facility and replaces an existing credit facility due to mature in early 2020.
American Securities in financing its acquisition of Milk Specialty, a leading human and animal nutrition company, from Kainos Capital, which involved a $475 million term loan and a $50 million revolving credit facility.
Fremont Private Holdings, the private direct investment arm of the Fremont Group, in financing its strategic equity investment in Minnesota-based Process Displays LLC, a leading retail environment design and manufacturing company, for an undisclosed purchase price.

Administrative Agent and Joint Lead Arranger in a $1.65 billion revolving credit facility for a leading REIT engaged in the office/laboratory and technology sector.
Onex Corporation in its investment in Schumacher Group, a leading US provider of outsourced emergency and hospital medicine clinical staffing, as well as healthcare advisory services and in the acquisition by Schumacher Group of Hospital Physician Partners (HPP), one of the largest US providers of emergency and hospital medicine clinical staffing services.
Liberty Tire Recycling in a successful out-of-court, cross-border restructuring, including refinancing of its existing senior secured credit facility, with approximately $90 million of term loans and a $24 million revolving credit facility, and an offer to exchange Liberty's $225 million of existing senior notes for $175 million of new second-lien PIK notes, and substantially all of the equity of restructured Liberty concurrent with a consent solicitation. This deal was named M&A Advisor's 2015 "Out of Court Restructuring Deal of the Year (Under $500 MM)."
VanDeMark Chemical Inc., a portfolio company of Uni-World Capital, L.P., in its acquisition, together with institutional co-investors, of Framochem Kft from ISOCHEM S.A.S., a company belonging to Germany's AURELIUS Group, and the related acquisition debt and equity financings, which financings included US dollar-denominated term loans, US dollar-denominated mezzanine loans and Euro-denominated term loans.
Spirit AeroSystems, Inc. in a $1.15 billion debt refinancing, including a $500 million term loan A and a $650 million revolving credit facility.
Lender in a $125 million bilateral secured term loan facility extended to leading international hotel operator in support of an asset acquisition.
American Securities in the acquisition by American Securities of Marine Acquisition (a/k/a SeaStar Solutions), the leading manufacturer of precision-engineered vessel control systems and other specialized applications in marine and industrial end markets, and in the concurrent acquisition and working capital facilities, including a $210 million term loan and a $25 million revolving credit facility.