Sal Guerrera represents banks and other financial institutions in U.S. domestic and international financings, including financings of tender offers, mergers and acquisitions generally; financings of recapitalizations and spinoffs; first-lien/second-lien financings; working capital and asset-based financings; subordinated debt, bridge and mezzanine financings; restructurings and work-outs; and special-purpose financings.

Bio

While primarily representing financial institutions, including Credit Suisse AG, Jefferies Finance and Wells Fargo, Mr. Guerrera also represents borrowers and issuers, including Devon Energy Corporation, Fidelity & Guaranty Life, Innoviva, Inc. and XL Group Ltd.

Mr. Guerrera has been listed repeatedly in Chambers Global: The World’s Leading Lawyers for Business, Chambers USA: America’s Leading Lawyers for Business and The Best Lawyers in America. The International Law Office selected Mr. Guerrera as a winner of a 2013 ILO Client Choice Award in recognition of his excellence in client service.

Recent examples of Mr. Guerrera’s transactions include representing:

  • Fidelity & Guaranty Life Holdings, Inc. and certain of its affiliates in a multijurisdictional $250 million revolving credit facility and in a consent solicitation with respect to its 6.375% Senior Notes due 2021, in connection with the acquisition of Fidelity & Guaranty Life by an investor group including CF Corporation, funds affiliated with the Blackstone Group L.P. and Fidelity National Financial, Inc.;
  • Credit Suisse AG in a $300 million senior secured term loan for Arch Coal, Inc.;
  • Jefferies Finance LLC in $2.04 billion of senior secured first-lien and second-lien credit facilities for Avantor Performance Materials Holdings, LLC and Nusil Investments LLC;
  • Innoviva, Inc. in its initial term loan facility (a $250 million facility with incremental capacity);
  • Credit Suisse AG in a fully underwritten covenant-lite $5 billion senior secured term loan to a subsidiary of (and guaranteed by) Fortescue Metals Group Limited (the transaction was, at the time, the second-largest leveraged covenant-lite term loan of all time, the largest institutional term loan since 2007, and the largest leveraged metals and mining term loan of all time; the deal was named U.S. Leveraged Loan of the Year for 2012 by International Financing Review and Debt Market Deal of the Year at the 2013 ALB Australasian Law Awards);
  • Devon Energy Corporation in $4.5 billion of bridge and term loan facilities in connection with its $6 billion acquisition of the Eagle Ford assets of GeoSouthern Energy Corporation;
  • Citigroup and UBS AG with respect to commitments to provide a $1 billion bridge facility to Essex Property Trust, Inc. in connection with its $4.3 billion acquisition of BRE Properties, Inc.;
  • Endurance Specialty Holdings Ltd. in obtaining $1 billion of committed financing from Morgan Stanley Senior Funding in connection with its proposed, but terminated, unsolicited $3.2 billion acquisition of Aspen Insurance Holdings Limited;
  • Credit Suisse AG in $1.305 billion of senior secured first-lien and second-lien credit facilities for AmWINS Group LLC, a portfolio company of New Mountain Capital, LLC and a wholesale distributor of specialty insurance products;
  • Credit Suisse AG in a $355 million senior secured credit facility for CT Technologies Intermediate Holdings, Inc. and Smart Holdings Corp., subsidiaries of HealthPort Incorporated, in connection with HealthPort’s acquisition by a fund managed by New Mountain Capital, LLC;
  • Credit Suisse AG in a $350 million senior secured credit facility for US LBM Holdings, LLC, a distributor of building materials, and its subsidiaries;
  • RBC Capital Markets, LLC and TD Securities (USA) LLC in their $1.5 billion financing commitment to Brookfield Asset Management Inc. (Canada) in connection with Brookfield’s $2.5 billion acquisition of all the shares of Associated Estates Realty Corporation, a real estate investment trust; and
  • XL Group in a €1.6 billion 365-day senior unsecured bridge facility in connection with its $4.2 billion “certain funds” cash-and-stock acquisition of Catlin Group Limited (Bermuda).

Mr. Guerrera joined Skadden, Arps in 2006.

Credentials

Education

  • J.D., University of Pennsylvania School of Law, 1987
  • B.A., Fairfield University, 1984 (summa cum laude)

Admissions

  • New York