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Vanessa G. Spiro

Partner
+1.412.355.6355
Fax +1.412.355.6501
+1.212.536.4070
Fax +1.212.536.3901
Vanessa Spiro is a partner in the firm’s Pittsburgh office, where she is a member of the banking & asset finance practice group. She has substantial experience in leveraged finance and represents financial institutions and other creditor entities and borrowers (corporates, sponsors and other capital end-users) in connection with acquisition financings, cash flow and asset-based transactions and other finance matters. She also has significant experience in restructurings, workouts, distressed debt matters and debtor-in possession and exit financings.

Ms. Spiro has been recognized for her work in both The Legal 500 and New York Super Lawyers, and she has been listed in Who’s Who of American Women and Who’s Who of American Lawyers. She has been quoted by numerous media outlets and has appeared on Bloomberg Television to discuss loan market conditions.

Professional Background

Prior to joining the firm, Ms. Spiro practiced finance law for 25 years in New York City, most recently as a partner in the New York office of a major international law firm.

Achievements

  • Super Lawyers, New York (Metro section)
  • The Legal 500 – Capital Markets; Banking
  • Who’s Who, American Lawyers
  • Who’s Who, American Women

Professional/Civic Activities

  • Member, The Banking Committee of the New York County Lawyers’ Association
  • Member, Lawyers Advisory Committee for the Loan Syndications and Trading Association (LSTA) and various LSTA working committees
  • Turnaround Management Association
  • Board Member, New York International Children’s Film Festival, Inc.

Speaking Engagements

  • Moderator, Women in the Boardroom Panel, New York City, September 2017
  • Introduction to Acquisition Finance Commitment Papers, October 2016
  • Distressed Loan Workouts, Strafford Continuing Education Webinar, August 2016
  • Private Equity Distressed Investing and the Regional Economy, Turnaround Management Association, May 2016
  • Make Whole Premiums: Enforcement Challenges, Strafford Publishing Webinar, August 2013

Finance

  • Telecom borrower in $3.3 billion senior credit facility to finance spin-off
  • Borrower in $2.3 billion senior secured acquisition facility to REIT
  • Borrower in $1.85 billion senior secured multi-currency facility to international aluminum company
  • Sovereign wealth fund borrower in $1.7 billion senior secured credit facility to finance the acquisition of an energy company
  • Borrower in $1.25 billion senior secured credit facility as part of a broader recapitalization transaction valued at $2.6 billion
  • International manufacturing company borrower in its $1.075 billion senior secured, multi-currency credit facility
  • Agent bank in $1 billion senior credit facility to hospitality company
  • Home security company borrower in its $762 million senior secured credit facility
  • Borrower in $705 million real estate portfolio secured facility.
  • Borrower in $520 million senior secured facility
  • Borrower in $500 million senior secured revolving credit facility
  • Agent bank in $500 million secured credit facility to high net worth individual
  • Off balance sheet financing of $500 million to UK communications and cable corporation
  • Off balance sheet financing of $400 million to international healthcare products company
  • Pipeline company borrower in its $375 million revolving capital facility
  • Private equity sponsor in connection with senior secured acquisition financing for leading communications solutions provider in deal transaction valued at approximately $340 million
  • Borrower in $300 million senior secured acquisition financing to insurance company
  • Auction house borrower in its $300 million senior secured credit facility
  • Lender in $300 million subordinated secured loan to affiliated telecom joint venture
  • Lender in $230 million senior secured credit facility to national storage facility
  • Agent bank in $205 million multi-currency, cross-border senior secured credit facility
  • Agent bank in $200 million credit facility to telecom company
  • Semi-conductor borrower in $175 million revolving credit facility
  • Agent bank in $150 million senior secured revolving credit facility to newspaper media company
  • International business process outsourcing company borrower in its $135 million senior secured facility
  • Agent bank in connection with $135 million senior secured credit facility to automobile tooling and stamping company to finance a series of acquisitions and to provide working capital facility
  • Agent bank in $125 million senior secured multi-currency facility to tooling company
  • Agent bank in $119 million senior secured credit facilities to energy company
  • Major League Baseball team as borrower in $110 million senior secured revolving credit facility
  • Lead lender in $100 million secured subordinated facilities to telecom joint venture
  • Mexican joint venture as borrower in $100 million subscription line facility
  • Borrower in $50 million senior, secured reserves based revolving credit facility
  • Private equity sponsor in connection with its GBP 39 million senior secured credit facility for acquisition of manufacturing company
  • Private equity sponsor in connection with revolving credit facility for acquisition of food company
  • Agent bank in $35 million senior secured credit facility to technology company
  • Lender in $25 million unit unitranche facility
  • International shipping company borrower in connection with its senior secured revolving credit facility and related debt arrangements

Restructuring

  • Sole lender in restructuring of $1.4 billion residual and warehouse facilities and related arrangements of insurance company
  • Agent bank in restructuring of $875 million senior secured credit facilities to coal company
  • Lead agent bank in out-of-court restructuring of $300 million senior secured debt of media company
  • Senior secured term lenders in $260 million at par sale of loans during chapter 11 process
  • Participant in connection with capital structure transformation of global transportation and logistics service company, including the issuance of $250 million of new equity, conversion of $50 million debt to additional equity and the refinancing of $1.1 billion senior secured debt.
  • Agent bank in $235 million senior secured exit facilities to steel company, a portion of which was guaranteed pursuant to the U.S. Emergency Steel Loan Guarantee Program
  • Creditor committee in connection with successful credit bid of $240 million of certificates and $70 million backstop notes offering for certain energy assets
  • Agent bank in $225 million senior secured exit facility to auto supplier
  • Agent bank in $190 million senior secured credit facility for acquisition of non-performing mortgage loan portfolio
  • Strategic acquirer of $140 million open market debt purchases, through a prepackaged plan of reorganization of the target and the related debtor-in-possession financing
  • Agent bank in $120 million senior secured exit facility to luxury retailer
  • Purchaser of certain auto tooling production assets in Mexico and related $110 million exit financing
  • Lead lender in out-of-court restructuring of $100 million senior secured debt of media company
  • Equity investor in restructuring $80 million term loan facility secured by incompleted project
  • Media company debtor in $50 million debtor-in-possession financing
  • Lead lender in $25 million debtor-in-possession financing to media company
  • Lead lender in out-of-court restructuring of $20 million secured credit facility of beauty products company and related issuance of subordinated debt
  • Ad hoc committee of noteholders in connection with redemption of notes and exchange offer issued in private placement by a chemicals company
  • Purchaser of assets of tooling company pursuant to Section 363 of the Bankruptcy Code sale in a chapter 11 proceeding
  • Agent bank in debt for equity exchange and overall restructuring of capital structure of energy company

Debt Capital Markets

  • Purchaser in $4.8 billion REIT acquisition
  • Large investment bank in program for stock lending transactions, stock sales and total return swaps aggregating up to $2.5 billion
  • Initial purchaser in $1 billion Rule 144A and Regulation S offering and concurrent $50 million public offering by energy company
  • Letter of credit issuer in $270 million synthetic letter of credit facility to cruise ship company
  • Initial purchaser in $225 million Rule 144A and Regulation S offering and concurrent solicitation by energy company
  • Initial purchaser and sole book-running manager in connection with the issuance of $200 million of senior secured notes in Rule 144A and Regulation S offering by an energy company
  • Initial purchaser in $150 million Regulation 144A and Reg S offering by iron company
  • Initial purchaser in $135 million Rule 144A and regulation S offering by steel company
  • Sole placement agent in $55 million senior secured convertible notes offering to fuel company