September 07. 2021

Two Mayer Brown transactions recognized by The M&A Advisor’s Annual Turnaround Awards

Mayer Brown advised on two transactions – “Industrials Deal of the Year” and “Cross-border Restructuring of the Year” in the under $500 million category – honored by The M&A Advisor in its 15th Annual Turnaround Awards. The annual awards recognize leading transactions, firms and individuals in the distressed investing, bankruptcy and restructuring industry over the past year. The winning transactions are:

Industrials Deal of the Year: Restructuring and Majority Recapitalization of Frontpoint Security
Mayer Brown represented the original administrative agent and lead lender, under a $200 million multi-lender first lien secured facility to FrontPoint Security Solutions, LLC, a major alarm security company, and its affiliates. The firm played a leading role in the negotiation, documentation and execution of the entire restructuring and recapitalization. The five-practice Mayer Brown team was led by Restructuring partner Tom Kiriakos (Chicago).

Cross-border Restructuring of the Year (Under $500MM): Refinancing of Pyxus
Mayer Brown advised the Eastern and Southern African Trade and Development Bank (TDB) on the amendment and restatement of a $285 million secured pre-export finance facility for Alliance One subsidiaries in Kenya, Malawi, Tanzania, Uganda and Zambia, and on related restructuring/bankruptcy coordination issues arising in connection with the U.S. Chapter 11 proceedings of Pyxus International Inc. (the parent and guarantor of the TDB facility). The Mayer Brown team was led by Banking & Finance partners Ash McDermott and Rachel Speight (both London) and Restructuring partner Joaquin M. C de Baca (New York).

To view the complete list of winners, please visit the website.

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