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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.

Representative Matters

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

  • BuzzFeed Inc. (convertible financing provider in connection with de-SPAC transaction)
  • Brown Jordan (term lender in connection with refinancing)
  • Corsicana Bedding (term lender in connection with acquisition financing)
  • Array Marketing (ad hoc group of term lenders)
  • Salem Media (noteholder in connection with refinancing transaction)
  • 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 and 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)
  • TPC Group Inc. (ad hoc noteholder group).
  • Ultra Petroleum (DIP lenders and exit financing lenders)

Admitted To Practice

  • 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