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Overview
Alexandro (Alex) Cota is a partner in the Financial Restructuring group and a member of the Global Finance practice at Paul Hastings and is based in the firm’s New York office. He advises and represents banks, private equity and hedge funds, business development companies, alternative capital providers, other financial institutions and private companies on a variety of complex financing transactions across a broad variety of industries and in all levels of the capital structure, both lender-side and borrower-side (including administrative agent and arranger representations).
Recent finance transactions on which Mr. Cota has worked include senior and subordinated revolving and term loan credit facilities, split-collateral deals, first/second lien deals, acquisition financings, asset-based financings, unitranches, high yield bonds, club deals, loan workouts and restructurings, debtor-in-possession financings, rescue financings and bankruptcy exit financings. He also has extensive experience in the structuring, negotiation and documentation of intercreditor arrangements in connection with his representations.
Recognitions
- IFLR1000, Notable Practitioner
- IFLR 1000, Rising Star
- The Legal 500 United States
- Private Debt Investor, Rising Star
- Super Lawyers, Rising Star
- Turnaround Management Association, 2021 Turnaround of the Year: Mid-Size Company for American Addiction Centers
Education
- Stanford Law School, J.D., 2005
- University of Texas, B.A., high honors, 2002
Representations
- Ametek – $1.150 billion revolving credit facility (borrower)
- Island Energy Services – $370 million acquisition delayed-draw term and working capital facilities (agent / lenders)
- Kelson Energy, Inc. – $2 billion of project financing facilities (multiple term / revolving tranches) (sponsor / borrower)
- U.S. Oil & Refining – $200 million first lien working capital facility (lenders)
- JPMorgan SSPF Private Equity Fund – $1.0 billion revolving credit facility (borrower)
- Philadelphia Energy Solutions – $1.0 billion prepetition debtor-in-possession and exit secured working capital facility (lender)
- JPMorgan SPF - $1.25 billion senior revolving credit facility (sponsor / borrower)
- Sears Canada – $375 million FILO credit facility (lenders)
- Bioscrip – $28 million priming secured credit facility (rescue lenders)
- Cenveo, Inc. – $100 million senior secured super-priority priming debtor-in-possession facility and related DIP intercreditor arrangements (agent / lenders)
- Logan’s Roadhouse – $120 million first lien revolving and term credit facility and second lien term loan credit facilities and related intercreditor arrangements (lenders)
- Caesars Palace Las Vegas – $650 million mezzanine 1, 2 and 3 credit facilities (agent)
- Blackhawk Mining Company, LLC – $229 million second lien term credit facility and related intercreditor arrangements (agent / lenders)
- Dex Media, Inc. – $858 million term loan credit facility and $350 million asset-based credit facility (lenders)
- Plews, Inc. – $27 million term loan credit facility (agent / lenders)
- Contextmedia Health LLC – $59 million second lien term credit facility and related intercreditor arrangements (agent)
- Yamana Gold Inc. – $200 million working capital facility and related intercreditor arrangements (lenders)
- Broader Media – $100 million senior secured first lien credit facility (agent / lenders) (unfunded)
- Philadelphia Energy Solutions – $1 billion prepetition DIP and exit secured working capital facility (lender)
- Unisys Corporation – $440 million senior secured notes due 2022 (initial purchasers)
- Innovairre International – $225 million first lien term loan credit facility, $50 million asset based revolving credit facility and $12.5 million subordinated term loan credit facility (borrower)
- Panda Power various in and out of court transactions for Temple I, Liberty, Patriot and Hummel (agents / lenders)
- Colt Defense – $33 million first lien term credit facility (agent / lenders)
- CNG Financial – $130 million revolving and term credit facility (agent / lenders)
- Corsicana Bedding – $102.5 million acquisition term credit facility (agent / lenders)
- New Enterprise Stone & Lime Co. – $70 million term loan credit facility (agent / lenders)
- Aersale Corp. – $75 million acquisition FILO term loan credit facility (agent / lenders)
- Sontiq, Inc. – $170 million term loan credit facility (lender)
- JPMorgan I&G Private Equity Fund – $300 million first lien credit facility (sponsor / borrower)
- The Durst Organization – $400 million revolving credit facility (borrower)
- Avaya – $725 million super-priority priming DIP credit facility (lenders)
- Deluxe Services Group – $73 million senior secured priming delayed draw term loan facility and <$800 million senior secured term loan facility (lenders)
- La Paloma Generating Company – $65 million first lien working capital / $301.7 million first lien term loan credit facility (lead arranger / letter of credit issuer)
- Johnson Matthey Refining – $150 million working capital facility (lender)
- The Reagan Companies – <$250 million acquisition term loan credit facility (sponsor / borrower)
- Acoustic L.P. – <$200 million term and revolving credit facility to fund a top tier sponsor’s acquisition of certain IBM carve-out assets (lenders)
- Targus – $20 million priming credit facility; $170 million term loan credit facility (lenders)
- Affirmative Insurance – $120 million term credit facility (rescue priming facility) (agent / rescue lenders)
- St. Johns Financial Holding Company – $19 million acquisition delayed-draw term credit facility (lenders)
- China Medical Technologies – $20 million delayed-draw term loan facility (agent / lenders)
- Represented various DIP lenders and DIP agents in various super-priority, priming and junior debtor-in-possession financings, including, among others, Colt Defense, Allied Nevada, Brookstone, Harry & David, Garden Fresh and Trump Entertainment Resorts
news
Engagement & Publications
- "The Guiding Principles: Why to Start Incorporating LIBOR Fallback Language Into Your Debt Documents Now," Real Estate Finance Journal, Winter 2018
Involvement
- Member, Law360’s Capital Markets Editorial Board, 2021
- Member, American Bar Association
- Member, Texas Bar Association
- Member, New York State Bar Association