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
- “Recent Trends in Incremental Loan Facilities,” Lexis Practice Advisor®, August 2018
- “Replacing LIBOR: The Countdown to 2022,” International Comparative Legal Guide to: Lending & Secured Finance 2018, Global Legal Group Ltd, April 2018
- “Transatlantic Intercreditor Agreements: Lost in Translation?” American Bar Association’s Annual Meeting, Chicago, IL, September, 2017.
- “What’s Market: 2017 Mid-Year Trends in Large Cap and Middle Market Loan Terms,” Thomson Reuters Practical Law, July 2017
- “Opportunistic Deals Lead the Leveraged Loan Market to a Strong Start in 2017,” BNA’s Banking Report, March 2017
- “UCC Secured Transactions,” Strafford Publications Seminar, February 15, 2017
- “Structuring Financial Covenants, EBITDA, and Events of Default to Maximize Borrower Protection and Lender Remedies,” Strafford Publications Webinar, October 27, 2016
- “BNA Insights: Outlook for the U.S. Leveraged Loan Market in 2016,” BNA’s Banking Report, Vol. 106, No. 8, February 2016
- “A New Uncertainty for Distressed Debt Investors,” Law 360, April 28, 2014