Michael is a partner in the Finance practice. Michael has over 25 years of experience in the U.S. leveraged finance market, representing leading investment and commercial banks, alternative capital providers and other financial institutions in bank financing and debt capital markets transactions. He has extensive experience in public and private leveraged and investment grade acquisition finance (including bridge financings), refinancings and recapitalizations, second-lien and asset-based lending. Michael also advises on securities, capital markets, bank finance, and corporate transactions representing corporations and financial institutions in bank financings, public and private offerings and high-yield debt offerings.

• Lead Arrangers in connection with the $2.15 billion acquisition financing for Mavis Tire Express Services, consisting of $1.915 billion first-lien term loan facility and $200 million revolving credit facility, to finance a portion of the purchase price for the acquisition of Mavis Tire by an investor group led by BayPine, in partnership with TSG Consumer Partners
• Lead Arrangers in connection with the $935 million financing for Aspect Software Parent Inc., consisting of a $610 million first-lien term loan, a $75 million revolving credit facility and a $250 million second-lien term loan, to finance the acquisition of Aspect Software and Noble Systems Corporation by ABRY Partners
• Willscot Corporation in connection with its $600 million senior secured credit facility and its $300 million offering of senior secured notes in connection with its acquisition of the North American modular space and portable storage business of Algeco Scotsman
• Willscot Corporation in connection with its $1.425 billion senior secured credit facility and its offering of $300 million of senior secured notes and $200 million of senior notes in connection with its acquisition of Modular Space Holdings, Inc.
• Lead Arrangers in connection with the $1.65 billion senior secured credit facility to Parthenon Capital Partners and Bain Capital Private Equity in connection with the financing of the merger of Zelis Healthcare and RedCard Systems
• Environmental Resources Management Inc. in connection with its $800 million multi-currency senior secured first lien credit facilities and $200 million second lien credit facility
• Target Hospitality Corp. in connection with its $125 million senior secured revolving credit facility and its offering of $340 million of senior secured notes in connection with its acquisition of Target Logistics and RL Signor Holdings
• The Flexitallic Group on its $225 million multi-currency senior secured credit facility
• Lead Arrangers in connection with the $1.25 billion senior secured credit facility and $470 million offering of senior notes to finance Bain Capital’s acquisition of Blue Coat Systems, Inc.
• Lead Arrangers in connection with the $430 million senior secured credit facility to finance New Mountain Capital’s acquisition of Zep Inc.
• Lead Arrangers in connection with the $850 million first lien senior secured facilities and $235 million second lien facility to finance KKR’s acquisition of The Brickman Group Ltd. LLC
• Lead Arrangers in connection with the $590 million first lien secured credit facilities and $205 million second lien facility to finance Partners Group’s acquisition of PCI Pharma
• Lead Arrangers in connection with the $750 million senior notes offering by Dynegy Inc. in connection with its acquisition of Elwood Energy LLC
• Lead Arrangers in connection with the $5.1 billion senior notes offering by Dynegy Inc. in connection with its acquisition of Duke Energy Corporation and certain assets of EquiPower Resources Corp.
• Smithfield Foods in connection with its $900 million senior notes offering in connection with its acquisition by Shuanghui International Holdings
• Smithfield Foods in connection with its $1.4 billion offering of senior secured notes
• Dole Food Company in connection with its $300 million offering of senior notes in connection with a going private transaction
• Lead Arrangers in connection with the $2.25 billion senior secured credit facility to Acosta, Inc. in connection with its acquisition by The Carlyle Group
• Lead Arranger in connection with the $315 million senior secured credit facility borrowed by Sundial Inc.
• Lead Arrangers in connection with the $100 million asset based secured credit facility and offering of $670 million of senior secured notes to finance Bain Capital’s acquisition of American Trailer Works, Inc.
• Lead Arrangers in connection the first lien and second lien credit facilities to finance Odyssey Investment Partner’s acquisition of Integro Ltd.
• Lead Arrangers in connection with refinancing by Coyote Logistics consisting of its $100 million asset-based revolving facility and $360 million term loan facility
• Carter’s Inc. in connection with its $500 million multi-currency secured credit facility
• Lead Arrangers in connection with the offering by Media General Inc. of $400 million of senior notes in connection with Media General’s acquisition of LIN Television
• TierPoint Inc. in connection with its first lien and second lien credit facilities to finance various acquisitions

Michael is recognized in various industry directories and publications including Chambers USA as a ranked lawyer, IFLR1000 as a notable practioner and Legal500 as a key lawyer. “Michael Chernick is always available, very practical, pragmatic,” reports a client (Chambers USA).