Andrew T. Budreika serves as legal counsel and trusted advisor across a broad spectrum of banking, credit, and capital markets transactions on all levels of a company’s capital structure. Andrew advises public companies, private equity sponsors and venture capital firms, portfolio and other privately held companies, and joint ventures on debt financings, mergers and acquisitions, strategic investments, and other corporate and financing transactions. Andrew also regularly counsels clients on secured transactions, securities law, corporate governance, and other general corporate matters.
Andrew currently serves as the leader of the 40-lawyer Morgan Lewis Government Loan Program and Stimulus Task Force, working with this cross-practice team to advise clients and colleagues on all aspects of COVID-19-related federal loan and stimulus programs.
Consistent with Morgan Lewis’s core principles, Andrew is committed to providing exceptional client service and building long-term strategic relationships with clients focused on communication and collaboration. Andrew seeks first to listen and understand a client’s goals and the business context and then to provide insightful, creative, and tailored solutions that enable the client to achieve those goals. Andrew endeavors to bring together Morgan Lewis’s intellectual and global talent and resources to construct elite legal teams that deliver the best overall results and experience to clients.
Andrew has practical experience handling a full spectrum of domestic and cross-border financings, including syndicated revolving and term loan credit facilities; leveraged and investment-grade acquisition financings; direct lending financings; asset-based and cash flow financings; senior, unitranche, mezzanine, and multiple-lien financings; privately placed notes; warehouse facilities and other structured financings; investment grade and high-yield bonds; and CARES Act, Paycheck Protection Program, and other government stimulus program matters.
Andrew also regularly works on private equity transactions; leveraged recapitalizations; management rollovers and equity incentive structures; growth equity, minority, and strategic investments; co-investments; corporate restructurings and reorganizations; and founder liquidity transactions.
Andrew is also passionate about using technology, knowledge management, legal project management, and other innovations in legal practice to provide fast, reliable, and consistent service in a cost-effective and efficient manner.
Debt Financings and Offerings
AmerisourceBergen (NYSE: ABC) in numerous credit facilities and senior note offerings, including:
Term loan and senior note financings for its $6.275 billion acquisition of Alliance Healthcare from Walgreens Boots Alliance
Over $6.5 billion in senior note offerings and other financings since 2009
Livent Corporation (NYSE: LTHM), a leading, global, fully integrated lithium company and formerly the lithium business of FMC Corporation, in connection with:
$400 million senior secured revolving credit facility
$225 million of convertible senior “green” notes due 2025
$252.4 million follow-on common stock offering
FMC Corporation (NYSE: FMC) in numerous credit facilities and senior note offerings, including:
Financing from Citigroup consisting of a $1.5 billion, 364-day bridge term loan and a $1.5 billion revolving credit facility and a $750 million term loan facility, for its acquisition of the agricultural products division of DuPont
$3.5 billion in bank financing related to FMC’s purchase of Cheminova A/S, a Danish multinational crop protection company, for $1.8 billion, consisting of a $2 billion delayed draw unsecured term loan and the amendment and restatement of FMC’s existing $1.5 billion revolving credit agreement
Various financing matters relating to the $1.64 billion sale of its alkali chemicals division to Tronox Ltd.
Over $1 billion in senior note offerings since 2009
Tempur Sealy International (NYSE: TPX), one of the world’s largest bedding providers, in connection with:
Rule 144A/Regulation S offering of $600 million in senior notes and subsequent exchange offer.
$1.1 billion revolving and term loan senior secured facilities consisting of a $500 million revolving credit facility, a $500 million term loan facility and $100 million delayed draw term loan facility
Walker & Dunlop (NYSE: WD), a premier commercial real estate finance company, in connection with over $4 billion in mortgage warehouse lines of credit and its $300 million senior secured term loan with Wells Fargo as administrative agent
ATN International (NASDAQ: ATNI), a global holding company with investments in communications and renewable energy companies in North America, India, Bermuda and the Caribbean, in connection with a $200 million senior secured credit facility with CoBank as administrative agent
CSS Industries, Inc. (NYSE: CSS), a leading consumer products company serving the craft, gift and seasonal markets, in connection with a new $125 million asset-based senior secured credit facility with JPMorgan Chase Bank, N.A. as administrative agent
Armstrong World Industries (NYSE: AWI) in the financing related to the spinoff of its flooring business, Armstrong Flooring Inc. (NYSE: AFI), consisting of a $1.05 billion amended and restated credit facility at AWI and a $225 million asset-based loan revolving facility at AFI
LLR Partners in its financing of a growth recapitalization of CareATC, Inc., a technology-driven employee population health management company
Lovell Minnick Partners in its financing of the acquisition of ATTOM Data Solutions, a leading provider of real estate data and analytics
Eureka Growth Capital in its financing of the acquisition of McCue Foundation, a provider of damage prevention and asset protection solutions for the retail and material handling sectors
Private Equity and Mergers & Acquisitions
BizEquity, a leading provider of cloud-based business valuation tools and private business data, in a sale of majority ownership to, and significant capital investment by, American City Business Journals, the nation's largest publisher of local business information and a business unit of Advance Publications
MedRisk, a provider of physical medicine solutions to the workers’ compensation industry, in its sale of a majority stake to The Carlyle Group
Certara, a drug development and regulatory science company and a portfolio company of Arsenal Capital Partners, in its $850M sale to EQT Partners
WCG, a provider of clinical trial optimization solutions and a portfolio company of Arsenal Capital Partners, in its recapitalization led by Leonard Green & Partners in partnership with Arsenal Capital Partners and Novo Holdings and its acquisition of multiple businesses
Lovell Minnick Partners in its acquisition of a majority interest in J.S. Held, a specialty advisory firm providing outsourced consulting services to its insurance industry clients
The shareholders of Quintiq Holding B.V., a supply chain planning and optimization company, in the sale of Quintiq to Dassault Systèmes for 250 million ($322.9 million)
Growth Equity and Venture Capital
LLR Partners in its $30 million minority equity investment in Midigator, a leading provider of chargeback management solutions software
NewSpring Growth Capital in its investment in a Series B equity financing in Messagepoint, a provider of industry leading cloud-based customer communications management software solutions for insurance, financial services, healthcare and print service providers
NewSpring Growth Capital in its investment in a $16 million equity financing in ExecOnline, a leading online provider of leadership development to senior leaders and executives
NewSpring Growth Capital in its $12.5 million investment in ReviMedia Group B.V., a market leader in online lead generation that provides high-quality and transparent lead volume across a number of industry verticals
LLR Partners and NewSpring Growth Capital in their minority investments in Quintiq Holding B.V.
Harvard University, 2005, B.A., Cum Laude, High Honors
University of Pennsylvania Law School, 2008, J.D.
Awards and Affiliations
Best of the Bar, Pro Bono, Philadelphia Business Journal (2021)
Lawyer on the Fast Track, The Legal Intelligencer (2021)
Rising Star Partner, IFLR1000 Financial and Corporate (2022)
Rising Star – State, IFLR1000 Financial and Corporate (2020, 2021)
Rising Star – State, IFLR1000 United States (2018–2020)
Member, Philadelphia Chapter of the Association for Corporate Growth (ACG)