ANGELA FONTANA ’S practice focuses on financing transactions and debt restructurings . Angela represents both borrowers and financial institutions, and has been involved in a wide variety of financing transactions in both the United States and abroad. Angela’s experience includes investment grade lending, commercial paper facilities, letter of credit facilities, cash flow-based lending, asset-based lending, mezzanine financing and workouts and restructurings .
Angela’s experience since joining Sidley includes representing:
Darling International Inc. in financing its acquisition of the Vion Ingredients business
Forest Park Medical Centers in connection with various financing matters
Knowles Corporation in connection with the financing for its spin-off from Dover Corporation and its subsequent accordion increase
General Electric Capital Corporation/ LStar Financial Investments in connection with acquisition financing provided to Cruz Bay Publishing, a portfolio company of Wind Point Partners
Amendment to increase Euro and USD term loan facilities and revolving facility of Armacell International S.A. to finance cross-border acquisition
Angela’s abundant experience, prior to joining Sidley, includes representing:
General Growth Properties, Inc. in its corporate credit facility and financing the spin-off of Rouse Properties, Inc.;
Generac Power Systems in its credit facilities refinancing;
Darling International Inc. in financing its acquisition of the Vion Ingredients business;
General Electric Company in financing its joint venture with Comcast for NBC Universal; and
A variety of private equity sponsors.
Recent acquisition financings, prior to joining Sidley, include:
Berkshire Partners and OMERS in the acquisition of Husky Injection Molding Systems;
CCMP in the acquisition of Milacron ;
Ontario Teachers Pension Plan Board in the acquisition of Flexera Software and Heartland Dental;
CVC Capital Partners in the acquisition for Cunningham Lindsey ;
THL Partners in the acquisition of Acosta ;
Centerbridge Partners, L.P. in the acquisition of P.F. Chang ’s China Bistro; and
Advent International Corporation in the acquisition of Charlotte Russe and the coating resins business of Cytec Industries, Inc.
Angela was recently selected by her peers for inclusion in The Best Lawyers in America 2017 in the fields of Banking and Finance Law and Corporate Law. She was named the Best Lawyers ’ 2017 Banking and Finance Law “Lawyer of the Year” in Dallas/Fort Worth. Angela was recognized in Chambers USA – America’s Leading Lawyers for Business 2005–2018 in the field of Banking and Finance and was selected as a finalist for the Chambers USA ‘Women in Law’ Awards 2013 and 2012 in the category of Finance. She was named a “leading” Practitioner in Banking in The International Who’s Who of Banking Lawyers 2007–2012. She was a recognized lawyer in The Legal 500 US 2007, 2009, 2010, 2014, 2015, 2016 and 2017; a “leading” lawyer for bank lending in IFLR 1000: The Guide to the World’s Leading Financial Law Firms 2009; named in The Best Lawyers in America 2009–2017 and is included in the inaugural edition of the Guide to the World’s Leading Women in Business Law . She was also named a Texas Super Lawyer in 2003–2017 and D Magazine ’s Best Lawyers in Dallas 2011–2017. Angela has been recognized in the 2014, 2015 and 2016 editions of the IFLR1000 as a “Leading Lawyer” in Banking and Finance in the United States.
Advent International Corporation; AI Chem & Cy S.C.A.; AI Chem & Cy US AcquiCo, Inc. Acquisition Financing Advised Advent International and represented borrowers AI Chem & Cy and AI Chem & Cy US AcquiCo with respect to financing in connection with Advent’s $1.1 billion acquisition from Cytec Industries Inc. of its Belgium-based Coating Resins business, a developer, producer and seller of synthetic resins used for the production of paints, coatings and printing inks.
Berkshire Partners LLC; OMERS Private Equity; Husky Injection Molding Systems, Ltd. Senior Credit Facilities for Husky Injection Molding Systems Represented Berkshire Partners, OMERS Private Equity and their portfolio company Husky Injection Molding Systems, the world’s largest brand name supplier of injection molding equipment and services to the plastics industry, in $1.03 billion of senior credit facilities for Husky to support, in part, its acquisition by Berkshire and OMERS.
Berkshire Partners LLC; Engineering Solutions & Products LLC Acquisition Financing for Engineering Solutions & Products Represented Berkshire Partners and its portfolio company Engineering Solutions & Products (EPS), provider of acquisition, logistics and technology support services to the US Department of Defense, in term and revolving credit facilities supporting Berkshire’s acquisition of EPS.
Berkshire Partners LLC; HMTBP Holdings, Inc.; HMTBP Acquisition Corp.; HMTBP Acquisition II Corp. Acquisition Financing for HMTBP Acquisition II Corp. Represented Berkshire Partners LLC, HMTBP Holdings, Inc., HMTBP Acquisition Corp. and HMTBP Acquisition II Corp. in the $186 million acquisition financing for HMTBP Acquisition II Corp.
Brazos Investment Partners, L.P. Senior Credit Facilities for Road Infrastructure Investment, LLC Advised Brazos Investment Partners in $405 million first and second lien term and revolving senior credit facilities for Road Infrastructure Investment, one of the world’s largest makers of pavement markers and road repair equipment formed by the merger of Ennis Paint, Inc. and Flint Trading, Inc. (both portfolio companies of Brazos), which will be used to repay the separate outstanding facilities of Ennis and Flint and to fund the combined business’ working capital needs.
Brazos Investment Partners, L.P. Acquisition Financing for Ennis Paint, Inc. and Prismo Road Markings Limited Represented Brazos Investment Partners, L.P. in the $310 million acquisition financing for Ennis Paint, Inc. and Prismo Road Markings Limited.
Broadcast Media Partners Holding Inc.; Umbrella Acquisition Inc.; Madison Dearborn Partners, LLC; Providence Equity Partners LLC; Saban Capital Group; THL Partners; TPG Capital Acquisition Financing for Univision Communications Represented an investor group including Providence Equity Partners, Madison Dearborn Partners, Saban Capital Group, TPG Capital and THL Partners in an $8.7 billion financing for the $13.7 billion going private acquisition of Univision Communications Inc.
CCMP Capital Advisors, LLC Acquisition Financing for Ollie’s Bargain Outlet, Inc. Represented CCMP Capital Advisors in $300 million term and revolving facilities for Ollie’s Bargain Outlet, a retailer of closeout, surplus, and salvage merchandise, supporting CCMP’s acquisition of an interest in Ollie’s through a recapitalization in partnership with current management.
CCMP Capital Advisors LLC; Milacron LLC Acquisition Financing for Milacron LLC Represented CCMP Capital Advisors and Milacron (a portfolio company of CCMP), a manufacturer, distributor, servicer and seller of equipment and products used in the plastics processing machinery industry, in an asset-based revolving facility to finance a portion of the acquisition of Milacron by CCMP.
CCMP Capital Advisors LLC Acquisition Financing for Generac Power Systems Represented CCMP Capital Advisors in its $1.5 billion acquisition financing for Generac Power Systems.
Centerbridge Partners, L.P. Acquisition Financing for P.F. Chang’s China Bistro, Inc. Represented Centerbridge Partners in $305 million first lien term and $75 million revolving facilities for P.F. Chang’s China Bistro, a chain of almost 400 restaurants in the US, Mexico, the Middle East and Puerto Rico, supporting the take private of P.F. Chang’s by Centerbridge.
Centerbridge Partners, L.P. Acquisition Financing Represented Centerbridge Partners, as sponsor, in term and revolving credit facilities for CraftWorks Restaurants & Breweries Group to, among other things, finance the acquisition of RB Capital and Gordon Biersch Brewery Restaurant Group.
Ceridian Corporation Amendment and Extension of Credit Facilities Represented Ceridian Corporation (a portfolio company of THL Partners), provider of payroll and human resources, employee benefits administration, workforce management, and related services, in an amendment and extension of its $2.5 billion term and revolving credit facilities.
Ceridian Corporation Acquisition of Dayforce Corporation Represented Ceridian, a global provider of human resources, payroll, benefits, tax filing, recruiting, workforce management software and payment solutions, in its acquisition of Canada-based Dayforce, a developer of advanced human capital management (HCM) software and solutions.
Charterhouse Capital Partners LLP Acquisition Financing for Armacell Group Advised Charterhouse Capital Partners in $490 million first and second lien credit facilities for Germany-based Armacell Group, a manufacturer of engineered foams and the world leader in the market for flexible technical insulation materials, to finance Charterhouse’s acquisition of Armacell.
CVC Capital Partners Acquisition Financing for Cunningham Lindsey Represented CVC Capital Partners in $660 million first and second lien credit facilities supporting its acquisition of Cunningham Lindsey, a major global loss adjusting and claims management firm.
CVC Capital Partners Acquisition of ConvergEx Group Counsel to CVC Capital Partners in its proposed acquisition of ConvergEx Group, a provider of software and technology to investment and trading firms worldwide, from private equity firm GTCR and The Bank of New York Mellon Corporation.
Darling International Inc. Joint Venture with Valero to Produce Biodiesel Represented food processing by-products recycler Darling International in the formation of Diamond Green Diesel Holdings, a joint venture with independent oil refiner Valero Energy to build and operate a $450 million refinery to produce 137 million barrels of renewable diesel annually, with financing to be based on a commitment by the US Department of Energy to issue an approximately $241 million loan guarantee under the Energy Policy Act of 2005 to support plant construction.
Darling International Inc. Acquisition Financing Counsel to food processing by-products recycler Darling International in its $625 million term and revolving credit facilities to finance the acquisition of Griffin Industries, a recycler of cooking oil and bakery byproducts.
Darling International Inc. Acquisition Financing for Vion Ingredients Represented Darling in connection with its $1 billion revolver, $350 million term loan A, $1.2 billion term loan B and $1.3 billion senior unsecured bridge facility to finance the acquisition of Vion Ingredients, a division of Vion Holding N.V.
Darling International Inc. Acquisition of Griffin Industries Represented food processing by-products recycler Darling International in its $840 million acquisition of bakery feed and cooking oil recycler Griffin Industries, creating the leading independent renderer and bakery products and used cooking oil recycler in the US.
Diamond Castle Holdings, LLC; CheckSmart Financial Company Credit Facility for CheckSmart Financial Company Represented Diamond Castle Holdings, LLC and CheckSmart Financial Company in the $200 million acquisition financing of CheckSmart Financial Company.
DLJ Merchant Banking Partners Acquisition Financing for Jostens, Inc. Represented DLJ Merchant Banking Partners in connection with the $530 million financing for its acquisition of Jostens, Inc.
DLJ Merchant Banking Partners Acquisition Financing for Total Safety U.S., Inc. Represented DLJ Merchant Banking Partners in connection with financing for its $183 million acquisition of Total Safety U.S., Inc.
DLJ Merchant Banking Partners Financing for Warner Chilcott Represented DLJ Merchant Banking, as sponsor, in a $1.79 billion financing for Warner Chilcott, in connection with the going private acquisition of Warner Chilcott PLC’s remaining share capital.
Fidelity National Financial, Inc. Acquisition Credit Facilities Advised Fidelity National Financial, a publicly traded provider of title insurance, specialty insurance and claims management services, in its $800 million revolving and $1.1 billion term credit facilities to finance, in part, its acquisition of Lender Processing Services Inc., a provider of integrated technology, data, and services to the US mortgage lending industry.
Generac Power Systems, Inc.; Generac Acquisition Corp. Revolving and Term Loan Facilities Represented Generac Power Systems, manufacturer of standby power products, in its $725 million revolving and term loan facilities.
General Electric Company; NBC Universal, Inc. Joint Venture with Comcast Corporation for NBC Universal Counsel to NBC Universal and parent General Electric in GE’s $37.25 billion joint venture with Comcast for ownership of NBC Universal and Comcast’s cable channels and regional sports networks, a deal which changed the media landscape by uniting a content provider with broad distribution platforms and created a media and entertainment industry giant consisting of cable TV networks, local TV stations, a movie studio and theme parks. Comcast took a 51% stake in the venture, which values NBC Universal at $30 billion. This transaction was named by The Deal as among the top M&A transactions for 2011 based on degree of difficulty or complexity.
General Growth Properties, Inc. Revolving Facility Counsel to General Growth Properties, a publicly traded REIT that owns, develops, and operates regional shopping malls across the US, in a $1 billion revolving facility for GGP Limited Partnership and related entities.
General Growth Properties, Inc. Exit Facility Represented General Growth Properties, the second-largest regional mall owner in the US, in a $300 million revolving exit facility for GGP Limited Partnership, GGPLP Real Estate 2010 Loan Pledgor Holding, GGPLPLLC 2010 Loan Pledgor Holding and GGPLP 2010 Loan Pledgor Holding.
General Growth Properties, Inc. DIP Term Loan Financing Represented General Growth Properties in its $400 million debtor-in-possession term financing, convertible at maturity into equity or exit facility at debtor’s option.
Genstar Capital LLC Acquisition Financing for ConvergeOne Represented Genstar Capital, LLC in its $167 million senior secured acquisition financing for ConvergeOne.
Genstar Capital LLC Acquisition Financing for International Aluminum Corporation Advised Genstar Capital LLC in connection with the $145 million going private acquisition financing for International Aluminum Corporation.
Genstar Capital, L.P.; The Sterling Group, L.P. Acquisition Financing for Panolam Industries International, Inc. Represented Genstar Capital, L.P. and The Sterling Group, L.P., as sponsors, in the $245 million acquisition financing for Panolam Industries International, Inc., successor by merger to PIH Acquisition Co.
Hawkeye Renewables, LLC Financing for Hawkeye Growth, LLC Represented THL Partners, L.P. and affiliates, Hawkeye Energy Holdings, LLC, Hawkeye Growth, LLC, Hawkeye Growth Holdings, LLC, Hawkeye Menlo, LLC, and Hawkeye Shell Rock, LLC in the $315 million financing for the construction and startup of ethanol production facilities.
HM Capital Partners LLC Acquisition Financing for Wilkes-Barre Publishing Company, Inc. Represented HM Capital Partners in the $47 million acquisition financing of Wilkes-Barre Publishing Company, Inc.
Hunt Consolidated, Inc. Financing for Hunt Consolidated, Inc. Represented oil and gas exploration, development and refining company Hunt Consolidated in a $105 million credit facility.
Lindsay Goldberg; PL Propylene LLC Term and Revolving Facilities for PL Propylene Represented PL Propylene (a portfolio company of Lindsay Goldberg), owner and operator of a propane dehydrogenation facility for the production of chemical grade and polymer grade propylene, in $470 million term and revolving credit facilities.
Michael Foods, Inc. Sale to GS Capital Partners Counsel to Michael Foods, a THL Partners portfolio company and multinational producer and distributor of food products to the foodservice, retail and food ingredient markets, in its $1.7 billion sale to GS Capital Partners.
Michael Foods, Inc. Amended & Restated Credit Facilities Represented Michael Foods in its $525 million amended and restated credit facilities refinancing certain of its outstanding indebtedness and for general working capital purposes.
NBC Universal, Inc. Revolving Credit Facility for NBC Universal Represented NBC Universal in a $750 million revolving credit facility in connection with General Electric Company’s $37.25 billion joint venture with Comcast for ownership of NBC Universal.
Nortek, Inc.; subsidiaries Asset-Based Revolving Facility A&R Represented US-based ventilation, air conditioning and heating product maker Nortek and Canada-based Ventrol Air Handling Systems in a $300 million amendment and restatement (including a $20 million Canadian portion) to refinance and replace an existing asset-based revolving credit facility.
Ontario Teachers’ Pension Plan Acquisition Financing for Heartland Dental Care, Inc. Represented Ontario Teachers’ Pension Plan, Canada’s third-largest pension fund, in first and second lien credit facilities supporting its acquisition of a majority stake in Heartland Dental Care, one of the largest US dental service organizations.
Ontario Teachers’ Pension Plan Board; Flexera Software LLC Acquisition Financing for Flexera Software Represented Ontario Teachers’ Pension Plan Board and Flexera Software, provider of software licensing, entitlement and compliance management, and software packaging solutions, in term and revolving first and second lien financing supporting Ontario Teachers’ acquisition of Flexera.
Pilgrim’s Pride Corporation Exit Financing Represented poultry and prepared-foods producer Pilgrim’s Pride Corporation in its $1.75 billion exit financing facility.
Pilgrim’s Pride Corporation Bankruptcy/Reorganization Sale Represented chicken processor and prepared-foods producer Pilgrim’s Pride Corporation in its bankruptcy/reorganization sale of 64% of new common stock to Brazilian beef producer and exporter JBS, through its JBS USA Holdings subsidiary, for $800 million in cash.
Pilgrim’s Pride Corporation DIP Financing Represented Pilgrim’s Pride in obtaining a $450 million priming debtor-in-possession financing facility.
Providence Equity Partners LLC Acquisition of Minority Interest in AutoTrader.com, Inc. Represented Providence Equity Partners in its acquisition of a 25-percent equity interest in AutoTrader.com, a subsidiary of diversified media company Cox Enterprises and the Internet’s largest automotive shopping and advertising site.
Providence Equity Partners LLC Acquisition Financing for Asurion Corporation Represented Madison Dearborn, Providence Equity Partners and Welsh, Carson, Anderson & Stowe, in the $2.435 billion acquisition financing for Asurion Corporation.
Providence Equity Partners LLC; Decision Resources, Inc. Acquisition Financing for Decision Resources, Inc. Represented Providence Equity Partners in the $137 million acquisition financing for Decision Resources.
Providence Equity Partners LLC Acquisition Financing for Newport Television LLC Represented Providence Equity Partners in the $890 million acquisition financing for Newport Television.
Providence Equity Partners LLC; Ontario Teachers’ Pension Plan Board; Madison Dearborn Partners, LLC Proposed Acquisition of BCE Inc. Represented Providence Equity Partners, Ontario Teachers’ Pension Plan Board and Madison Dearborn Partners in the proposed $48.5 billion going private acquisition of BCE (Bell Canada Enterprises).
Puerto Rico Cable Acquisition Company Inc.; Hicks Muse, Tate & Furst Incorporated Financing for Puerto Rico Cable Acquisition Company Inc. (d/b/a Choice Cable TV) $114 million refinancing for Puerto Rico Cable Acquisition Company Inc. (d/b/a Choice Cable TV)
Rouse Properties, Inc. Revolving Credit Facility Counsel to Rouse Properties, US regional mall owner and manager, in a $100 million revolving credit facility supporting it as an independent, publicly traded REIT following its spinoff from General Growth Properties.
Simmons Bedding Company (a THL Partners portfolio company) Credit Facility for Simmons Bedding Company Represented Simmons Bedding Company in the $555 million credit facility for its acquisition by THL Partners.
Simmons Company Acquisition Financing for The Sleep Train, Inc. Represented Simmons Company, as seller, in financing arrangements for the sale of Sleep Country USA (retail sales unit of Simmons Company) to The Sleep Train, Inc.
Susser Holdings Corporation A&R of Term and Revolving Secured Credit Facility Represented fuel distributor and convenience store operator Susser Holdings in the amendment and restatement of its existing term and revolving secured credit facility in which the asset-based revolving facility was increased to $120 million.
THL Partners L.P.; Goldman Sachs; CTI Foods Holding Co., LLC Acquisition Financing for CTI Foods Represented THL Partners, Goldman Sachs and CTI Foods Holding Co. in $485 million first and second lien term and $100 million asset-based revolving credit facilities for the acquisition by THL and Broad Street Principal Investments, a Goldman affiliate, of CTI Foods, an independent provider of custom food products to major chain restaurants in North America.
THL Partners; Fidelity National Financial, Inc. Acquisition Financing for Ceridian Corporation Representing THL Partners and Fidelity National Financial, Inc. in the $2.55 billion acquisition financing (as part of the $5.3 billion public-to-private acquisition) of Ceridian Corporation.
THL Partners Senior Credit Acquisition Facilities for Acosta Represented THL Partners in senior credit facilities for Acosta in connection with THL’s acquisition of this provider of marketing services for manufacturers of consumer packaged goods.
THL Partners Acquisition Financing for Hawkeye Renewables, LLC Advised THL Partners in connection with the $700 million financing of its acquisition of an 80% stake in Hawkeye Renewables, LLC.
THL Partners Acquisition Financing for Progressive Moulded Products Ltd. Represented THL Partners in the $415 million acquisition financing for Progressive Moulded Products Ltd.
THL Partners Acquisition Financing for Michael Foods Inc. Represented THL Partners in the $595 million acquisition financing for Michael Foods Inc.
THL Partners Recapitalization Financing for MoneyGram International Represented THL Partners in $850 million term and revolving loans supporting the $1.46 billion recapitalization of MoneyGram International.
THL Partners Recapitalization for Fidelity National Information Services, Inc. Represented THL Partners in its $3.4 billion recapitalization for Fidelity National Information Services, Inc.
THL Partners Financing for Cableuropa, S.A.U. and Others Represented THL Partners, as sponsor, in the €3.1 billion leveraged buyout financing for Cableuropa, S.A.U.’s acquisition of Auna Telecommunicaciones S.A.
Advent InternationalBerkshire PartnersCCMP Capital AdvisorsCenterbridge PartnersCeridian LLCCharterhouse Capital PartnersCVC Capital PartnersDarling InternationalDLJ Merchant Banking PartnersFidelity National FinancialFlexera SoftwareGEGeneral Growth PropertiesGenstar Capital ManagementGoldman SachsHM Capital PartnersHunt Consolidated, Inc.International AluminumKnowles CorporationMadison Dearborn PartnersMichael Foods Inc.NBC Universal LLCNBCUniversal, Inc.Nortek, Inc.OMERSOMERS Private EquityOntario Teachers’ Pension PlanOntario Teachers’ Pension Plan BoardPilgrim’s Pride Corp.PL PropyleneProvidence Equity PartnersRouse Properties, Inc.Serta Simmons Bedding CompanySterling GroupSusser Holdings LLCTHL PartnersVion IngredientsWelsh, Carson, Anderson & Stowe