Aaron L. Hammer, Esq. recognized by The M&A Advisor as borrowers' counsel for its Refinancing Deal of the Year Award
01/27/2017PRESS RELEASE
FOR IMMEDIATE RELEASEJanuary 27, 2017
Contact: Aaron L. Hammer, 312-704-2170
SUGAR FELSENTHAL GRAIS & HAMMER RECOGNIZED BY THE M&A ADVISOR AS BORROWERS’ COUNSEL FOR REFINANCING DEAL OF THE YEAR AWARD
The M&A Advisor has awarded the Refinancing of Chicago American Manufacturing & its Affiliated Companies its “Refinancing Deal of the Year (Under $249.9MM)” for its 11th Annual Turnaround Awards program, recognizing Sugar Felsenthal Grais & Hammer LLP as Borrowers’ Counsel.
On January 27, 2017, The M&A Advisor announced the Refinancing of Chicago American Manufacturing & its Affiliated Companies (“CAM”) as its “Refinancing Deal of the Year (Under $250MM)” for its 11th Annual Turnaround Awards Program. As counsel to the Borrowers in the refinancing transaction, The M&A Advisor has recognized Aaron L. Hammer, Esq. and his team at Sugar Felsenthal Grais & Hammer LLP (“SFGH”) 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. Partner Jonathan Friedland and associates Jack O'Connor, Michael A. Brandess and Tricia L. Schwallier 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.”
“Since 2002, we have been honoring the leading turnaround transactions, companies and dealmakers. SFGH was chosen from over 300 participating companies to receive the award. It gives us a great pleasure to recognize SFGH and bestow upon them our highest honor for distressed investing and reorganization firms and professionals,” said David Fergusson, Co-CEO and President, The M&A Advisor. “SFGH represents the best of the distressed investing and reorganization industry in 2016 and earned these honors by standing out in a group of very impressive candidates.”
The Annual M&A Advisor Turnaround Awards set the benchmark for restructuring excellence, and recognize the leading distressed M&A transactions, restructuring, refinancing, products and services, firms and professionals in the United States and international markets.
About SFGH: For over 35 years, clients have turned to SFGH as their most trusted advisors. Through an unmatched level of personal service, combined with business and legal acumen, SFGH continues to represent almost all of the clients it started with in 1981. The firm is a general business law firm concentrated in seven key areas: Bankruptcy, Reorganization & Creditors’ Rights; Business Transactions and Securities Regulation; Commercial & Probate Litigation; Labor & Employment; Estate Planning & Administration; Federal Income Tax Planning & Litigation; and Real Estate & Community Development.