Kennedy Plott
Kennedy Plott
Biography
Kennedy Plott is an associate in the Debt Finance practice. Kennedy represents private credit and direct landers, major commercial and investment banks, private equity sponsors and corporate borrowers in connection with secured and unsecured credit facilities and leveraged acquisition financings across a wide range of industries, including technology, healthcare, professional services, food and beverage, manufacturing and education.
Experience
Representation of Alpha Generation, LLC on its inaugural financings, consisting of a US$2.0 billion senior secured term loan, US$1.0 billion of senior notes, and a US$700 million senior secured revolving credit facility. The net proceeds were used to repay certain indebtedness of Alpha Generation's subsidiaries, pay costs and expenses associated with resetting energy hedge agreements, support Alpha Generation's operational performance improvement initiative and fund a distribution to the direct or indirect equity holders of Alpha Generation. Alpha Generation was formed by an affiliate of ArcLight Capital Partners, LLC to own and operate one of the largest power infrastructure portfolios in the United States.
Representation of Truist Bank in connection with the extension of senior secured credit facilities in an aggregate principal amount of US$630 million.
Representation of Talen Energy Supply, LLC, as Borrower, in connection with a US$848 million first-lien revolving credit facility led by GoldenTree Asset Management LP and Silver Point Finance, LLC.
Representation of Mill Point Capital, LLC, as Sponsor, and AeriTek Global Holdings LLC, AeriTek Global US Acquisition Inc., and AeriTek Global CAD Acquisition Inc., as Borrowers, in connection with the refinancing of AeriTek's existing facilities and the financing of AeriTek's acquisition of Icebox Investment Holdings Corp. and Minus Forty QBD Corp. and their subsidiaries. The financing involved a US$580 million term loan facility and a US$57.5 million revolving credit facility. AeriTek designs and manufactures innovative commercial refrigeration solutions for the global food service industry.
Representation of Jefferies Finance LLC, as the Administrative Agent, Collateral Agent and Lender in connection with US$930 million senior secured facilities provided to Evergreen AcqCo 1 LP and Value Village Canada Inc. The US$930 million senior secured facilities are comprised of term loans in an aggregate principal amount of US$750 million and a US$180 million revolving credit facility. Proceeds from the term loans were used to repay and terminate an existing senior secured credit facility and senior secured notes and the revolving credit facility can be used to finance working capital needs and for general corporate purposes. Evergreen AcqCo 1 LP and Value Village Canada Inc., together with their subsidiaries, operate a chain of thrift stores that sell secondhand clothing, household goods, electronics and furniture.
Representation of Bank of Montreal (and its affiliates) as Administrative Agent, Collateral Agent, Lender, Issuing Bank and a Joint Lead Arranger and Bookrunner in connection with US$950 million senior secured facilities provided to Student Transportation of America Holdings, Inc. and Student Transportation of Canada, Inc. The US$950 million senior secured facilities were comprised of term loans in an aggregate amount of US$700 million, a US$50 million delayed draw term loan facility and a US$200 million revolving credit facility. The proceeds from the term loans were used to repay and terminate an existing senior secured credit facility and the revolving facility can be used for general corporate purposes, including permitted business acquisitions, investments and capital expenditures. Student Transportation of America and Student Transportation of Canada provide transportation and fleet services to public and private schools across the United States and Canada.
Representation of a direct lender in connection with senior secured credit facilities provided to Transtelco, a digital infrastructure service provider based in the United States and Mexico. Also represented the lenders in connection with an incremental term loan credit facility to fund the acquisition by Transtelco of Neutrona, a software-defined network service provider operating in Latin America and the Caribbean.
Representation of Credit Suisse AG, as Agent, in connection with a senior secured credit facility in an aggregate principal amount of US$1.4 billion provided to WIN Waste Innovations Holdings Inc. The financing included a term loan and a revolving credit facility.
Representation of Citibank (and the other lead banks, including RBC) in connection with multi-billion dollar financings for Vistra Corp. and its subsidiaries. Vistra is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, that provides essential power resources to customers, businesses, and communities from California to Maine.