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Alexandra Margolis



Alexandra Margolis is a partner in the firm’s Banking & Finance group based in our New York City office. Alexandra represents corporate borrowers, financial institutions, private equity sponsors, strategic investors and asset managers in a wide range of domestic and international financing transactions.

What do you focus on?

My practice focuses on domestic and cross-border financing transactions, including cash flow and asset-based syndicated and bilateral credit facilities, acquisition financings, first and second lien facilities, repurchase facilities, investment fund financings, mezzanine financings and intercreditor arrangements. I also have extensive experience with complex business reorganizations, debt restructurings, debtor-in-possession credit facilities and exit financings. I advise clients in a variety of industries, including pharmaceuticals, real estate, health care, media, travel, retail, asset management, energy, financial services, consumer products and education.

Representative Experience (including prior to joining Nixon Peabody)

  • Gannett Co., Inc., on a $500 million secured revolving credit facility in connection with a spin-off transaction through which TEGNA, Inc. (formerly known as Gannett Co., Inc.), transferred its publishing business to Gannett Co., Inc. (formerly known as Gannett SpinCo, Inc.)
  • Sensata Technologies BV in the refinancing and extension of a $990 million term loan B facility
  • A private equity sponsor in connection with senior secured credit facilities and mezzanine financing for acquisition of a national childhood education provider
  • Capital call lines of credit for funds managed by various asset managers, including Fortress Investment Group LLC and BlackRock
  • Travelport Limited in connection with a $1.67 billion first lien credit facility and a $630 million second lien credit facility related to a complex out-of-court restructuring of $2.1 billion of capital markets debt and term loans
  • Valeant Pharmaceuticals International, Inc., in multiple bank, bridge and acquisition financings totaling more than $10 billion, including in connection with Valeant’s $8.7 billion acquisition of Bausch & Lomb and $2.6 billion acquisition of Medicis Pharmaceuticals
  • Barclays Bank PLC as arranger, agent and lender on a $1.45 billion debtor-in-possession financing facility provided to Residential Capital, LLC, in its Chapter 11 case; this transaction was named the “Deal Financing of the Year” for 2012 by M&A Advisor and “U.S. Restructuring of the Year” for 2012 by International Financing Review, and was recognized in the 2012 Financial Times “US Innovative Lawyers” report
  • Fortress Investment Group LLC on billions of dollars in secured loan arrangements and repurchase facilities for its investment funds
  • CIT Group Inc. in its $3 billion senior secured rescue facility, $4.5 billion senior secured expansion facility and other financings related to the restructuring of its outstanding debt in its prepackaged Chapter 11 reorganization; CIT’s restructuring received numerous awards, including “Restructuring Deal of the Year” from both International Financial Law Review and Investment Dealers’ Digest; “Prepackaged Chapter 11 Reorganization Deal of the Year” from Turnaround Atlas; and “Sector Deal of the Year for Financial Services” from M&A Advisor
  • A private equity sponsor on senior and subordinated financing for acquisition of an asset management firm
  • An energy company on multiple reserve-based credit facilities
  • A marine terminal operator and stevedore company on revolving credit facilities
  • Mars, Incorporated, on a $2.1 billion multi-currency credit facility
  • BTG Pactual on a $470 million loan provided to a mining company
  • Highland Capital Management on multiple asset-based loan facilities for its investment funds
  • Esselte Corporation on a $75 million multi-currency asset-based loan facility
  • LifeCare Holdings, Inc., and its debtor affiliates in their Chapter 11 cases, including a $25 million debtor-in-possession facility and their $320 million acquisition by Hospital Acquisition LLC, an acquisition vehicle owned by LifeCare’s senior secured lenders
  • Credit Suisse in a $50 million debtor-in-possession facility provided to Buffets Restaurant Holdings comprised of a $20 million synthetic letter-of-credit facility and a $30 million term loan
  • Banco Popular de Puerto Rico in connection with debtor-in-possession financing facilities and the restructuring of certain loans purchased in an FDIC-backed acquisition of a failed Puerto Rican bank, including in the Chapter 11 case of Caribbean Petroleum
  • DISH Network Corporation in its $1.4 billion acquisition of satellite operator DBSD North America, Inc. in its Chapter 11 case and as agent and lender under an $88 million senior secured debtor-in-possession financing facility provided to DBSD North America
  • Verizon Capital Corp. in the restructuring of investments in power facilities in Massachusetts and Mississippi

In addition, Ms. Margolis has advised on debtor-in-possession financings for Blockbuster, Chart Industries, Delaco Company, Exodus Communications, Fortunoff, Grove Worldwide, Levitz Furniture, Spectrum Brands, Sterling Chemicals and Winn-Dixie Stores.

Publications & Presentations

What’s Market: 2017 Mid-Year Trends in Large Cap and Middle Market Loan Terms

Thomson Reuters Practical Law | July 01, 2017

New York Banking & Finance partner Alexandra Margolis provides commentary on 2017 loan market trends in large cap and middle-market loan terms. Click here to read the full article.

Opportunistic deals lead the leveraged loan market to a strong start in 2017

Bloomberg Law BNA’s Banking Report | March 20, 2017

New York Banking & Finance partner Alexandra Margolis contributed this article about her outlook on the leveraged loan market for 2017. Click here to read the full article.

Recent Trends in Incremental Loan Facilities

Lexis Practice Advisor | January 11, 2017

New York City Banking & Finance partner Alex Margolis authored this column discussing trends in incremental loan facilities. Click here to read the full article.

INSIGHTS: Outlook for the U.S. Leveraged Loan Market in 2016

Bloomberg BNA Banking Report | February 22, 2016

New York Banking & Finance partner Alex Margolis authored this column providing an overview of the 2016 leveraged loan market. Click here to read the full article.

Contact

Alexandra Margolis

Partner

New York

Phone: 212-940-3716


Mobile: 917-345-6451

Fax: 855-718-2101

Benjamin N. Cardozo School of Law, J.D., cum laude

Washington University, B.F.A.

New York

New Jersey

  • American Bar Association, Business Law Section; member of the Commercial Finance Committee, Chair of the International Finance Subcommittee
  • New York City Bar Association, member of the Committee on Commercial and Uniform State Laws
  • Association of Commercial Finance Attorneys
  • Financial Women’s Association
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