Biography
Luiza Salata is a counsel at White & Case, and a member of the Firm’s Capital Markets Practice based in New York. Luiza helps investment funds, financial institutions, sponsors and companies negotiate, structure and execute a range of complex domestic and international capital markets and securities transactions, with an emphasis on distressed and special situations.
She advises clients in international public and private debt offerings, hybrid capital issuances, and liability management transactions, including high-yield, investment grade and convertible debt offerings, exchange offers, tender offers, consent solicitations and other liability management transactions, bridge financing commitments and other capital markets transactions in a wide variety of industries in the United States, Brazil, other Latin American jurisdictions and elsewhere. She also advises debtors and creditors in out-of-court and in-court restructuring transactions, including exchange offers, debt equitizations, amend and extend transactions, and rights offerings.
Prior to joining White & Case, Luiza practiced in leading U.S. law firms in New York, London and São Paulo.
Experience
Luiza’s representative experience includes:
Represented DIRECTV in a liability management transaction to extend its debt maturity, involving the issuance of $1.6 billion of secured notes due 2030 and a concurrent cash tender offer for $1.6 billion of its outstanding secured notes due 2027.*
Represented Cutera, Inc., a provider of aesthetic and dermatology solutions for practitioners worldwide, in prepackaged chapter 11 cases to reduce the company’s debt by nearly $400 million, or over 90%, and raise $65 million in new money through a rights offering and DIP and exit financings from existing creditors.*
Represented an ad hoc group of bondholders of Exela Technologies, a business process automation company, in connection with the restructuring of the company’s $1.3 billion of funded debt and the provision of $185 million in debtor-in-possession (DIP) financing ($80 million new money and $105 million roll-up loans).*
Represented Polar Asset Management Partners in an investment in units consisting of senior secured notes and warrants issued by Sonder Holdings (NASDAQ: SOND).*
Represented an ad hoc group of prepetition bondholders as lenders in connection with the provision of a DIP financing to Biora Therapeutics, a biotechnology company.*
Representing Hearthside Food Solutions in its restructuring process to optimize its balance sheet and infuse the business with significant new capital.*
Represented a group of convertible noteholders in connection with an additional funding agreement with Biora Therapeutics in the form of a $16 million multi-draw payment priority notes issuance coupled with amendments to Biora’s existing convertible notes and warrants.*
Represented a group of noteholders in connection with the provision of $100 million of new first lien debt financing and the exchange of $420 million of convertible notes into second lien secured convertible notes with Luminar, a global automotive technology company, reducing Luminar’s debt by $148 million and providing it with a maturity extension.*
Represented a group of existing securitization bondholders in connection with a secured bond refinancing and exchange transaction for Centerline Logistics, dismantling the securitization and replacing with a new multi-tranche secured bond.*
Represented Davidson Kempner Capital Management and Highbridge Capital Management in a convertible note exchange and purchase transaction with biotech company, Biora Therapeutics Inc., reducing Biora’s debt by 60%, coupled with a maturity extension and the provision of $16.7 million in new capital to Biora.*
Represented a pharmaceutical diagnostics testing company in connection with an incremental secured note and private placement equity issuance.*
Represented an ad hoc group of bondholders of Exela Technologies, Inc. with respect to, among other things, an out of court exchange involving approximately $1.0 billion of first lien bond debt, and a subsequent exchange of $1.3 billion of first lien bond debt.*
Represented investment banks and issuers in numerous high-yield debt offerings, including issuances for Nostrum Oil & Gas Finance B.V., Europcar, Digital Realty Trust, Atlas Copco AB, N&W Global Vending S.p.A., several Cabot Financial entities and Synthos Finance AB.
*Experience prior to joining White & Case.