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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:

  • 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

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