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Michael Vernace
 

Michael Vernace

Partner
 
2475 Hanover Street
Palo Alto, CA 94304 
 
Email:
Phone: +1-650-251-5182
Fax: +1-650-251-5002

As a Partner in the Firm’s Banking and Credit Department, Mike’s practice focuses on syndicated finance and other commercial lending transactions, including acquisition, leveraged, investment-grade, asset-based, corporate, receivables, net asset value and “hybrid” financings. Mike also represents leading leverage buyout sponsors and their portfolio companies in connection with a variety of recapitalizations and refinancings.

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Work Highlights
  • The E.W. Scripps Company in connection with the committed debt financing related to its acquisition of ION Media for $2.65 billion
  • JPMorgan in connection with Avangrid’s $2.5 billion “sustainability linked” revolving credit facility
  • JPMorgan in connection with Dominion Energy’s $6 billion “sustainability linked” revolving credit facility
  • SMBC in connection with Dominion Energy’s $900 million novel “environmental sustainability or social justice” use of proceeds credit facility
  • First Reserve in multiple financings, including acquisition financing for CHA Companies, Dresser NGS, Eagle Infrastructure, LineStar Integrity Services and Trillium Flow Technologies, and restructuring and Chapter 11 financings for Dixie Electric and TNT Crane & Rigging
  • Various sponsors’ portfolio companies and debt funds in their bankruptcy-remote financings
Education
  • Duke University School of Law, 2009 J.D.
  • Boston University, 2006 B.S.
    summa cum laude
Admissions
  • New York 2011
  • California 2020

As a Partner in the Firm’s Banking and Credit Department, Mike’s practice focuses on syndicated finance and other commercial lending transactions, including acquisition, leveraged, investment-grade, asset-based, corporate, receivables, net asset value and “hybrid” financings. Mike also represents leading leverage buyout sponsors and their portfolio companies in connection with a variety of recapitalizations and refinancings.

Mike’s clients have included AEA Investors, Blackstone/GSO, Citibank, Community Health Systems, Credit Karma, JPMorgan, First Reserve, Lightyear, KKR, New Mountain, Seagate Technology, SiriusXM and Velocity Commercial Capital, among others.

Selected examples of Mike’s work include advising:

  • The E.W. Scripps Company in connection with the committed debt financing related to its acquisition of ION Media for $2.65 billion
  • JPMorgan in connection with Avangrid’s $2.5 billion “sustainability linked” revolving credit facility
  • JPMorgan in connection with Dominion Energy’s $6 billion “sustainability linked” revolving credit facility
  • SMBC in connection with Dominion Energy’s $900 million novel “environmental sustainability or social justice” use of proceeds credit facility
  • First Reserve in multiple financings, including acquisition financing for CHA Companies, Dresser NGS, Eagle Infrastructure, LineStar Integrity Services and Trillium Flow Technologies, and restructuring and Chapter 11 financings for Dixie Electric and TNT Crane & Rigging
  • Various sponsors’ portfolio companies and debt funds in their bankruptcy-remote financings
  • Wells Fargo in connection with various revolving and 364-day term loan facilities for Boston Scientific
  • SiriusXM in connection with its $1.75 billion revolving credit facility
  • JPMorgan in connection with General Electric’s $15 billion revolving credit facility

Mike received his J.D. from Duke University and a B.S.B.A., summa cum laude, from Boston University. He is admitted in New York and California.

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