Matthew Edward Schernecke advises direct lenders, mezzanine investment funds, and venture capital investors in a variety of debt and investment transactions with borrowers of all sizes, types, and structures. Matthew also counsels private equity clients and corporate borrowers on domestic and cross-border acquisition financings, out-of-court restructurings and workouts, bankruptcy matters, ESG and impact investment financings, and real estate financings. Matthew leads transactions spanning diverse industries, including financial services, real estate, retail, life sciences, healthcare, technology, food and beverage, hospitality, film and music entertainment, media, and telecommunications.
Matthew advises clients of all kinds on the financing aspects of sustainable investments with a broader social impact. He has broad knowledge and experience structuring and negotiating loan documents to embed and track social impact through ESG-oriented covenants and impact investment financing transactions.
Matthew serves as the New York office local practice group leader for the finance practice. He also serves as a leading member of the Morgan Lewis CARES Act Loan Program Task Force, working with this cross-practice team, composed of 40-plus lawyers, to advise hundreds of clients and colleagues on all aspects of COVID-19-related federal loan programs, namely the Main Street Lending Program, on which Matthew co-authored market-leading publications, and the Paycheck Protection Program. Matt has also been sought after by top-tier organizations to speak on market practice during the COVID-19 pandemic, including the Loan Syndications and Trading Association (LSTA) and the American Bar Association (ABA).
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.
Willow Tree Credit Partners on the initial closing of Willow Tree Fund I, its initial private equity fund targeting $650 million in aggregate capital commitments
Administrative and collateral agent in a $145 million secured term loan facility and a $25 million secured revolving credit facility in support of the acquisition of a national metals manufacturer, producer, and distributer of custom aluminum extrusions by affiliates of Monomoy Capital Partners LP
Churchill Asset Management as sole lead arranger in a $155 million senior secured credit facility to support the acquisition of Impact Fitness North America, LP by investment funds managed by Morgan Stanley Capital Partners
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
Churchill Asset Management as administrative agent and sole lead arranger in a $90 million senior secured credit facility to support the acquisition of eMids by New Mountain Capital
Willow Tree Credit Partners in a secured $75 million, seven-year holding company-level term loan to support the recapitalization of Santek Development Inc.
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
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
Willow Tree Credit Partners in closing a $15 million term loan facility and a $15.5 million delayed draw term loan facility to support the recapitalization of American Veterinary Group Holdings LLC and fund its acquisitions of veterinary practices
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
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
Breakwater Credit Opportunities Fund, L.P. and various affiliates in a $17 million loan, workout and restructuring of Loot Crate, Inc.
Dr. Pepper Snapple Group in its 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
Interactive Data Corporation in its acquisition by Silver Lake and Warburg Pincus for $3.4 billion
Kyo-Ya Hotels & Resorts, LP in connection with a mortgage and asset-based dual loan facility, secured by five of the borrower’s premier resort properties, in the aggregate principal amount of $1.725 billion (denominated in both US Dollars and Japanese Yen), agented by Sumitomo Mitsui Banking Corporation
Harron Communications LP in a $1.4 billion sale of cable systems operating under the MetroCast brand name to Atlantic Broadband
Liberty Property Trust in its $1.475 billion acquisition and financing of Cabot Industrial Value Fund III
Asahi Kasei Corp. in its acquisition and financing of Veloxis Pharmaceuticals A/S through an all-cash conditional voluntary public offer valuing the company at approximately $1.3 billion
Apollo Global Management LLC in its $1.1 billion definitive agreement and plan of merger with certain investment funds managed by affiliates of Apollo and Smart & Final Stores Inc., a value-oriented food retailer headquartered in Commerce, California
BP Products North America Inc. in the financing in connection with its joint acquisition with ArcLight Capital Partners LLC of all of the outstanding shares of Thorntons Inc. in an all-cash transaction valued at approximately $1.1 billion
Apollo Management in the disposition of Smart & Final Holdings Corp. to affiliates of Ares Management LLC for $975 million
Rexnord Corporation in a $708 million senior secured first lien term loan facility and a $198 million senior secured first lien revolving facility in connection with its merger with Regal Beloit Corporation
Amneal Pharmaceuticals Inc. in the financing aspects of its $340 million agreement to acquire a 65.1% majority interest in federal healthcare company AvKARE and its related affiliate doing business as R&S Northeast
Freeman Spogli & Co. in the acquisition of Batteries Plus Holding Corp. from Roark Capital Group. The financing, led by Golub Capital and Antares Capital, was composed of $280 million senior secured term and revolving facilities
SLT Lending SPV Inc., a subsidiary of a joint venture between Marquee Brands and CSC Generation, as borrower in a $35 million senior secured revolving, exit credit facility provided by
Second Avenue Capital Partners LLC, as agent, in support of the borrower’s acquisition of Sur La Table
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
University of Chicago Law School, 2002, J.D.
Johns Hopkins University, 1998, B.A.
Clerkship to Judge Cheryl Pollak of the US District Court for the Eastern District of New York (2002 - 2003)
Awards and Affiliations
Rising Star, IFLR1000 Financial and Corporate Guide (2015, 2017–2021)
Rising Star, IFLR1000 United States (2018–2020)
New York Metro Rising Star, New York Super Lawyers (2013–2016)