Matthew Edward Schernecke

Matthew has worked with Morgan Lewis teams on multiple deals worth more than $1 billion.

Prior to joining Morgan Lewis, Matthew served as a law clerk to Federal Magistrate Judge Cheryl L. Pollak of the US District Court for the Eastern District of New York. While in law school, Matthew was twice elected president of the student body, served as senior comments editor for the University of Chicago Roundtable journal, and was awarded the Donald C. Egan Scholarship. At The Johns Hopkins University in 1998, Matthew was elected president of the student body and was awarded the Alexander K. Barton Cup for the graduating senior who most faithfully served the interests and ideals of the university.   

Lender Representations

• Represented Prospect Capital Corporation as agent and lender in a $122 million senior secured second lien term loan credit facility provided to a logistics management company as well as a substantial add-on acquisition financing.
• Represented Prospect Capital Corporation as agent and lender in a $70 million senior secured mezzanine-level term loan credit facility provided to a digital cinema projection company.
• Represented Ares Capital Corporation as lender and agent in a recapitalization transaction that provided a $40 million senior secured term loan, as well as a $15 million senior secured delayed draw term loan and a $5 million senior secured working capital revolving line of credit to NueHealth Performance, LLC.
• Represented Prospect Capital Corporation as lender and agent in a recapitalization transaction that provided Luminex Home Décor & Fragrance Company, LLC with a $25 million senior secured term loan, including Term Loan A and Term Loan B senior secured notes.
• Represented Prospect Capital Corporation as agent and lender in a $17 million senior secured second lien term loan credit facility provided to an unclaimed property recovery company and subsequent add-on acquisition financing matters.
• Represented Breakwater Credit Opportunities Fund, L.P. and various affiliates in a $17 million loan, workout and restructuring of Loot Crate, Inc.

Borrower-Side Representations

• Represented Dr. Pepper Snapple Group in its recent merger with Keurig Green Mountain, as the two companies combine to create Keurig Dr. Pepper, a new beverage giant projected to have an enterprise value of more than $40 billion.
• Represented Interactive Data Corporation in its acquisition by Silver Lake and Warburg Pincus for $3.4 billion.
• Represented Harron Communications LP in a $1.4 billion sale of cable systems operating under the MetroCast brand name to Atlantic Broadband.
• Represented Apollo Management in the disposition of Smart & Final Holdings Corp. to affiliates of Ares Management LLC for $975 million.
• Represented Sun Capital Partners in its acquisition of Friendly Ice Cream Corporation and its subsequent acquisition of the assets of such entity in a Section 363 sale.