Overview
Salvatore Perrotto is a partner in the Financial Restructuring group at Paul Hastings and is based in the firm’s New York office. Sal Perrotto focuses his practice on a variety of complex finance transactions. He represents agents, lenders, public and private borrowers, business development companies and other providers (bank and nonbank) of senior and subordinated debt financing. Sal also advises clients on a broad range of financing transactions, including first and second lien revolving and term loan credit facilities, asset-based and cash-flow based lending, acquisition financing, unitranche credit facilities, refinancings, recapitalizations and both in-court and out-of-court restructurings. His experience extends across a variety of industries and business structures.
Sal has significant capital markets and public company experience and knowledge developed at another international law firm prior to joining Paul Hastings.
Recognitions
- Best Lawyers: Ones to Watch in America for Banking and Finance Law, 2025
- The M&A Advisor, Emerging Leaders, 2024
- Best Lawyers, "Ones to Watch"
Education
- J.D., New York University School of Law, 2013; Articles Editor, Journal of Law & Business
- B.S., summa cum laude, Manhattan College, 2010
Representations
Restructuring Transactions:
- Array Marketing (ad hoc group of term lenders)
- Carlson Wagonlit Travel (ad hoc group of secured noteholders)
- Checkers Restaurants Inc. (ad hoc group of first lien lenders)
- Deluxe Entertainment (DIP lender, ad hoc committee of first lien lenders and exit lenders)
- Empire Today (ad hoc group of secured lenders)
- Fusion Connect, Inc. (first lien term lenders)
- Guitar Center (ad hoc group of bondholders)
- J.C. Penney Company Inc. (ad hoc crossover group)
- J. Jill Holdings (ad hoc group of first lien term lenders)
- Monitronics (ad hoc group of senior unsecured noteholders)
- Outerstuff LLC
- Output Services Group, Inc. (ad hoc group of term lenders)
- Payless Shoe Source (creditor and DIP lender)
- PG&E Corporation and Pacific Gas and Electric Company (DIP lender)
- Pyxus (ad hoc group of lenders)
- Renfro Corp. (ad hoc group of lenders)
- Revlon (ad hoc group of bondholders)
- TPC Group Inc. (ad hoc noteholder group)
- Ultra Petroleum (DIP lenders and exit financing lenders)
Lending Transactions:
- Represented a convertible note financing provider to BuzzFeed Inc. in connection with the Company’s de-SPAC transaction
- Represented a convertible note financing provider to ZeroFox Inc. in connection with the Company’s de-SPAC transaction
- Represented term lenders to Brown Jordan in connection with a capital structure refinancing
- Represented term lenders to Corsicana Bedding in connection with the Company’s acquisition of a bedding company
- Represented Array Marketing in connection with the Company obtaining an ABL Facility
- Salem Media (noteholder in connection with refinancing transaction)
- Represented Deluxe Entertainment in connection with the Company obtaining an ABL Facility
- Represented investors in multiple convertible and non-convertible private debt investments in Companies in the Cannabis space
- Represented bridge financing providers to Diebold Nixdorf