Sugar Felsenthal Grais & Hammer LLP recognized by M&A Advisor as borrowers' counsel for Refinancing Deal of the Year Award
On January 27, 2017, The M&A Advisor announced the Refinancing of Chicago American Manufacturing & its Affiliated Companies (“CAM”) as its “Refinancing Deal of the Year (Under $250MM)” for its 11th Annual Turnaround Awards Program. As counsel to the Borrowers in the refinancing transaction, The M&A Advisor has recognized Sugar Felsenthal Grais & Hammer LLP (“SFGH”) for its role as counsel to CAM in its refinancing transaction.
The SFGH team, led by partners Aaron L. Hammer, Etahn M. Cohen and William F. McGuinn, successfully negotiated replacement financing from an equipment and inventory lender and a real estate lender, and a reduced, subordinated obligation to the original lender. Partner Jonathan Friedland and associates Jack O'Connor, Michael A. Brandess and Tricia L. Schwallier took various roles in helping close the transaction in coordination with other deal professionals.
CAM C.E.O. Mark A. Herman pronounced, “The SFGH team was critical in envisioning a global solution for CAM and fighting to bring the vision to reality. We are grateful for the support of SFGH and all of our professional advisors in helping us begin a new chapter for our company.” Aaron L. Hammer, leader of SFGH’s Bankruptcy, Reorganization & Creditors’ Rights practice, said, “We are thrilled to have played a pivotal role in helping CAM restructure its debt, and ensure a brighter future for the company’s employees and owners. SFGH continues to earn its reputation as the go-to law firm for middle-market companies seeking to overcome financial hurdles.”
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. SFGH was chosen from over 300 participating companies to receive the award. It gives us a great pleasure to recognize SFGH and bestow upon them our highest honor for distressed investing and reorganization firms and professionals,” said David Fergusson, Co-CEO and President, The M&A Advisor. “SFGH represents the best of the distressed investing and reorganization industry in 2016 and earned these honors by standing out in a group of very impressive candidates.”
The Annual M&A Advisor Turnaround Awards set the benchmark for restructuring excellence, and recognize the leading distressed M&A transactions, restructuring, refinancing, products and services, firms and professionals in the United States and international markets.