Aaron L. Hammer, Esq. recognized by the Global M&A Network as borrowers' counsel for Corporate Turnaround of the Year
04/06/2017On April 4, 2017, The Global M&A Network held its 9th Annual Turnaround Atlas Awards Gala in New York City. Chicago American Manufacturing & its Affiliated Companies (“CAM”) were recognized as the “Corporate Turnaround Of The Year ($5MM-$100MM).” As counsel to the Borrowers in the refinancing transaction, The Global M&A Network has recognized Aaron L. Hammer, Esq. and his Sugar Felsenthal Grais & Hammer LLP (“SFGH”) team for their role as counsel to CAM in its refinancing transaction.
The SFGH team, led by partners Aaron L. Hammer, Etahn M. Cohen and William F. McGuinn, successfully negotiated replacement financing from an equipment and inventory lender and a real estate lender, and a reduced, subordinated obligation to the original lender. Partners Adam G. Grais, Jonathan P. Friedland, and Michael A. Brandess, and associate Jack O'Connor, took various roles in helping close the transaction in coordination with other deal professionals.
CAM C.E.O. Mark A. Herman pronounced, “The SFGH team was critical in envisioning a global solution for CAM and fighting to bring the vision to reality. We are grateful for the support of SFGH and all of our professional advisors in helping us begin a new chapter for our company.” Aaron L. Hammer, leader of SFGH’s Bankruptcy, Reorganization & Creditors’ Rights practice, said, “We are thrilled to have played a pivotal role in helping CAM restructure its debt, and ensure a brighter future for the company’s employees and owners. SFGH continues to earn its reputation as the go-to law firm for middle-market companies seeking to overcome financial hurdles.”
The Turnaround Atlas Awards exclusively honor excellence from the restructuring, distressed investing, insolvency, special situations, M&A transactions, and turnaround communities. The independent awards recognize achievements in the categories of best value-creating transactions, outstanding firms, top professionals, and influential leaders. Winning the Turnaround Atlas Awards equates to achieving the “Gold Standard of Performance” seal of endorsement, validating excellence, and preeminent status in local, regional, and global markets, since the winners are selected independently on “transaction turnaround performance metrics,” team expertise, and leadership.