Alex CotaPartner

Headshot image for Alex Cota

Offices


Services

Alex Cota is a member of Stroock’s Financial Restructuring Group, with an emphasis in debt finance. He advises and represents banks, private equity and hedge funds, business development companies, alternative capital providers, other financial institutions and private companies on a variety of complex financing transactions across a broad variety of industries and in all levels of the capital structure, both lender-side and borrower-side (including administrative agent and arranger representations).

Recent finance transactions on which Alex has worked include senior and subordinated revolving and term loan credit facilities, split-collateral deals, first/second lien deals, acquisition financings, asset-based financings, unitranches, high yield bonds, club deals, loan workouts and restructurings, debtor-in-possession financings, rescue financings and bankruptcy exit financings. He also has extensive experience in the structuring, negotiation and documentation of intercreditor arrangements in connection with his representations.

Representative Matters

  • Sears Canada – $375 million FILO credit facility (lenders)
  • Bioscrip – $28 million priming secured credit facility (rescue lenders)
  • Cenveo, Inc. – $100 million senior secured super-priority priming debtor-in-possession facility and related DIP intercreditor arrangements (agent / lenders)
  • Logan’s Roadhouse – $120 million first lien revolving and term credit facility and second lien term loan credit facilities and related intercreditor arrangements (lenders)
  • Caesars Palace Las Vegas – $650 million mezzanine 1, 2 and 3 credit facilities (agent)
  • Contextmedia Health LLC  –  $59 million second lien term credit facility and related intercreditor arrangements (agent)
  • Blackhawk Mining Company, LLC – $229 million second lien term credit facility and related intercreditor arrangements (agent / lenders)
  • Yamana Gold Inc. – $200 million working capital facility and related intercreditor arrangements (lenders)
  • Broader Media – $100 million senior secured first lien credit facility (agent / lenders) (unfunded)
  • Philadelphia Energy Solutions – $150 million first lien asset-based and letter of credit facility (agent / lenders)
  • Kelson Energy, Inc. – $2 billion of project financing facilities (multiple term / revolving tranches) (sponsor / borrower)
  • U.S. Oil & Refining – $200 million first lien working capital facility (lenders)
  • Unisys Corporation – $440 million senior secured notes due 2022 (initial purchasers)
  • Innovairre International – $170 million first lien term loan credit facility, $50 million asset based revolving credit facility and $12.5 million subordinated term loan credit facility (borrower)
  • Panda Temple I – $15 million senior secured superpriority priming debtor-in-possession credit facility (agent / lenders)
  • Colt Defense – $33 million first lien term credit facility (agent / lenders)
  • New Enterprise Stone & Lime Co. – $70 million term loan credit facility (agent / lenders)
  • CNG Financial – $125 million revolving and term credit facility (agent / lenders)
  • Island Energy Services – $370 million acquisition delayed-draw term and working capital facilities (agent / lenders)
  • JPMorgan I&G Private Equity Fund – $300 million first lien credit facility (borrower)
  • Ametek – $1.150 billion revolving credit facility (borrower)
  • Philadelphia Energy Solutions – $1.0 billion Debtor-in-Possession Secured Working Capital Intermediation Facility (Lender)
  • The Durst Organization – $400 million revolving credit facility (borrower)
  • JPMorgan SSPF Private Equity Fund – $1.0 billion revolving credit facility (borrower)
  • Avaya – $725 million super-priority priming DIP credit facility (lenders)
  • La Paloma Generating Company – $65 million first lien working capital / $301.7 million first lien term loan credit facility (lead arranger / letter of credit issuer)
  • Johnson Matthey Refining – $150 million working capital facility (lender)
  • Targus – $20 million priming credit facility; $170 million term loan credit facility (lenders)
  • Affirmative Insurance – $120 million term credit facility (rescue priming facility) (agent / rescue lenders)
  • St. Johns Financial Holding Company – $19 million acquisition delayed-draw term credit facility (lenders)
  • China Medical Technologies – $20 million delayed-draw term loan facility (agent / lenders)
  • Represented various DIP lenders and DIP agents in various super-priority, priming and junior debtor-in-possession financings, including, among others, Colt Defense, Allied Nevada, Brookstone, Harry & David, Garden Fresh and Trump Entertainment Resorts

Honors & Awards

  • The Legal 500 United States
  • IFLR1000, Rising Star
  • Super Lawyers, Rising Star

Memberships

  • Member, American Bar Association
  • Member, Texas Bar Association
  • Member, New York State Bar Association

Speeches & Events

  • Alex has given multiple CLEs on secured finance transactions.
  • Alex has also served as a panelist on various finance and restructuring topics at industry-sponsored events.

Publications

  • “Rethinking BDC Leverage Post-Rating Agency Guidance,” Stroock Special Bulletin, May 24, 2018
  • “LIBOR Evolution: The Shift to the Waterfall Methodology,” Stroock Special Bulletin, May 1, 2018

Admitted To Practice

New York


Education

J.D., Stanford Law School, 2005

B.A., high honors, University of Texas, 2002