Salvatore A. Perrotto

Sal Perrotto focuses his practice on a variety of complex finance transactions. He represents agents, lenders, public and private borrowers, business development companies and other providers (bank and non-bank) of senior and subordinated debt financing. Sal also advises clients on a broad range of financing transactions, including first and second lien revolving and term loan credit facilities, asset-based and cash-flow based lending, acquisition financing, unitranche credit facilities, refinancings, recapitalizations and both in-court and out-of-court restructurings. His experience extends across a variety of industries and business structures.

Sal has significant capital markets and public company experience and knowledge developed at another international law firm prior to joining Stroock.
 

• Capital Markets / Securities / Debt Finance
• Debt Finance
• Financial Restructuring

Some of Sal’s representations in restructurings and special situation transactions include the following:

• Carlson Wagonlit Travel (ad hoc group of secured noteholders)
• Checkers Restaurants Inc. (ad hoc group of first lien lenders) 
• Deluxe Entertainment (DIP lender, ad hoc committee of first lien lenders, exit lenders)
• Diebold Nixdorf (debt finance provider)
• Guitar Center (ad hoc group of bondholders)
• J.C. Penney Company Inc. (ad hoc crossover group)
• J. Jill Holdings (ad hoc group of first lien term lenders)
• Monitronics (ad hoc group of senior unsecured noteholders)
• Outerstuff LLC 
• Payless Shoe Source (creditor and DIP lender)
• PG&E Corporation and Pacific Gas and Electric Company (DIP lender)
• Pyxus (ad hoc group of lenders)
• Renfro Corp. (ad hoc group of lenders)
• Revlon (ad hoc group of bondholders)
• Seadrill (ad hoc bondholder group)
• TPC Group Inc. (ad hoc noteholder group).
• Ultra Petroleum (DIP lenders and exit financing lenders)

Sal’s previous representations have included:

• Representation of the Lead Arranger and Administrative Agent in the $5.5 billion senior-secured super-priority debtor-in-possession credit facilities to PG&E Corporation and Pacific Gas and Electric Company in connection with their bankruptcy cases.
• Representation of the Administrative Agent and a Lender in a $25 million senior-secured super-priority debtor-in-possession financing to Payless, Inc. and its subsidiaries in connection with their bankruptcy cases.
• Representation of lenders in connection with a $650 million Term Loan A-1 facility to Diebold Nixdorf

• New York

• J.D., New York University School of Law, 2013; Articles Editor, Journal of Law & Business
• B.S., summa cum laude, Manhattan College, 2010