Matthew Edward Schernecke advises second lien and mezzanine investment funds on loans and other investment transactions with a wide range of borrowers across industry classes and of all sizes, types, and structures. Matthew also advises private equity clients on leveraged buyouts and corporate borrowers on domestic and international acquisition-related financings, real estate financing, out-of-court restructurings, bankruptcy matters, and workouts. Matthew’s borrower-side client base encompasses diverse industries, including real estate funds, media, Internet, food and beverage, and traditional and Internet retailers.
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.
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 Harron Communications LP in a $1.4 billion sale of cable systems operating under the MetroCast brand name to Atlantic Broadband.
Represented Interactive Data Corporation in its acquisition by Silver Lake and Warburg Pincus for $3.4 billion.
Represented Apollo Management in the disposition of Smart & Final Holdings Corp. to affiliates of Ares Management LLC for $975 million.
Represented a large business development company 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 a large business development company as agent and lender in a $70 million senior secured mezzanine-level term loan credit facility provided to a digital cinema projection company.
Represented a large business development company 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 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.
Represented Sun Capital Partners in the acquisition of ShopKo Stores, Inc. and subsequent refinancing and sale-leaseback transactions.
Represented Sun Capital Partners in its acquisition of CornerStone Research & Development, Inc.
Johns Hopkins University, 1998, B.A.
University of Chicago Law School, 2002, J.D.
Clerkship to Judge Cheryl Pollak of the US District Court for the Eastern District of New York (2002 - 2003)