Sheryl Gittlitz is a Partner in the Finance Department, based in the firm’s New York office. Her practice focuses on banking and finance matters. 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. In the structured finance area, Ms. Gittlitz has experience with different types of receivables purchase transactions, including trade receivables and healthcare receivables.
Representative Matters
- Representation of American Securities LLC in its acquisition of Unifrax I LLC, a producer of high-temperature insulation products. The secured credit facility entered into in connection with the acquisition consists of a U.S dollar denominated Term Loan, a Euro denominated Term Loan and a revolving multi-currency credit facility. In addition to the revolving multi-currency credit facility being available to, and secured by assets of, Unifrax subsidiaries in certain European countries, the guaranty and collateral package includes subsidiaries and assets located in Europe, South America, Australia and Asia.
- Represented the Independent Committee of the Board of Directors of General Maritime Corporation in connection with a $200 million debt and equity investment by Oaktree Capital Management L.P.
- Represented investor in connection with multi-billion dollar debt and equity investments in one of the nation’s largest operators of multifamily residential units.
- Represented lender in a $125 million bilateral secured term loan facility extended to leading international hotel operator in support of an asset acquisition.
- Represented Liberty Tire Recycling, an affiliate of American Securities, in a private offering of $200 million of senior notes pursuant to Rule 144A. The proceeds from the offering were used to refinance debt under its existing credit facilities, as well as for general corporate purposes.
- Representation of American Securities in its significant investment in Advanced Drainage Systems, Inc., a manufacturer of corrugated pipe used in storm and sanitary sewer systems.
- Representation of American Securities in its acquisition of Fairmount Minerals, a producer of high-grade sand products for industrial applications.
- Representation on behalf of Wind Point Partners in its acquisition of the cereals business of Golden Temple of Oregon, LLC, which provides private label cereal to some of the nation’s leading food retailers and manufactures branded cereals and granolas under the Peace, Yogi, Sweet Home Farm and Golden Temple labels.
- Representation on behalf of Wind Point Partners in its acquisition of Consolidated Biscuit Co., which produces a wide variety of cookies, crackers, toaster pastries, fruit and cereal bars, ice cream cones.
- Representation of ASP Westward, a portfolio company of American Securities, in its acquisition of two East-Texas newspapers, the Longview News-Journal and the Marshall News Messenger, from Cox Enterprises Inc.
- Representation of American Securities in its acquisition of Liberty Tire Services, LLC, a Pittsburgh-based tire recycler.
- Representation of NEP Broadcasting, an American Securities Capital Partners portfolio company, in its acquisition of the stock of New Century Productions.
- Representation of American Securities in its acquisition of FiberMark, a leading producer of fiber-based specialty materials that support global industries and applications.
- Representation of the special committee of the Board of Directors of Harrah’s Entertainment Inc., in its $27.8 billion sale to private equity firms TPG and Apollo Management.
- Representation of Plattform Holdings, Inc., a portfolio company of Arlington Capital Partners, in its acquisition of VentureDirect Worldwide, Inc. and Zuma LLC.
- Representation on behalf of Wind Point Partners in the acquisition of Ryt-way Industries, a leading contract manufacturer and packer serving the food industry, that provides primary and secondary co-manufacturing, logistics and inventory management services focused on foods such as ready to eat cereals and meals, snack foods, crackers, mixes and convenience foods.
- Representation of American Securities in the sale of ASP Unifrax, Inc., along with its operating company subsidiary, Unifrax Corporation, to AEA Investors LLC. Unifrax is the leading global manufacturer of high temperature insulating fiber products.
- Representation of American Securities in the acquisition of United Central Industrial Supply Company, L.L.C., a full-line mining supply distribution company, from The Riverside Company, a private equity firm.