Michael Steinberg


Michael focuses on various types of financing transactions, including leveraged acquisition financing, specialized finance structures (including derivative-linked and asset-backed), as well as unsecured and secured bank and private financings generally, with experience in asset classes such as motion pictures, energy, manufacturing, pharmaceuticals and airlines.

Michael represents investment and debt funds, major corporations, banks, emerging businesses and financial sponsors.

Michael’s bank clients include Bank of America, Citibank, Goldman Sachs, Jefferies Finance, Macquarie, Morgan Stanley and JPMorgan Chase.


Representative matters

Bank of America, as Administrative Agent and Lead Arranger, in connection with Bank of America arranging the acquisition financing for MedImpact Healthcare Systems’ acquisition of Rite Aid’s “Elixir” PBM business in a Section 363 asset sale as part of Rite Aid’s Ch. 11 cases in the District of New Jersey.

ALJ Regional Holdings, Inc. on a $95 million secured term loan facility agented by Blue Torch Business Finance, LLC to refinance existing indebtedness and general corporate purposes.

Equity holders in Kroll Bond Rating Agency, LLC, as Lenders, on a $150 million subordinated seller credit facility to finance the acquisition of Kroll Bond Rating Agency LLC by Parthenon Capital Partners.

StoneWay Capital, as Borrower, on a debtor-in-possession term loan facility, to provide liquidity for working capital and other general corporate purposes, and to pay for restructuring costs.

Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., and BMO Capital Markets Corp. as joint bookrunners, for a Rule 144A/Regulation S private placement of $3.5 million of 10.750% Senior Secured Notes due 2026 by a subsidiary of Coronado Global Resources Inc.

Aegion Corporation, a Delaware corporation, in its acquisition by affiliates of New Mountain Capital, L.L.C., in a transaction valued at approximately $1.1 billion.

Citicorp USA, Inc., as Administrative Agent and Issuing Bank, and Citibank, N.A., as Lender, in the amendment of an existing $875 million hedged letter of credit facility for The Sherwin-Williams Company, for the extension of the maturity date with respect to commitments in the principal amount of $75 million.

Citrix Systems, Inc., for the committed financing for its acquisition of Wrike, in a transaction valued at approximately $2.25 billion.

Citibank, N.A. as Agent on a $6.3 billion DIP financing for Energy Future Intermediate Holding Company LLC and EFIH Finance Inc., consisting of a $5.475 billion senior secured DIP term loan facility and a $825 million senior secured delayed draw DIP term loan facility.

UBS Securities LLC, as a joint lead arranger and bookrunner, in connection with $475 million financing, consisting of a $320 million first lien term loan facility, a $40 million first lien revolving facility and a $115 million second lien term loan facility, related to KKR’s acquisition of C.H.I. Overhead Doors, Inc. from FFL Partners.

JPMorgan Chase Bank, N.A. as administrative agent and the joint lead arrangers and bookrunners in connection with a $2.2 billion senior secured refinancing for LPL Holdings, Inc.

JPMorgan Chase Bank, N.A., as administrative agent, in connection with a $1.8 billion financing, including a $1.5 billion Term Loan A and a $250 million revolving credit facility, in connection with the spin transaction of the sports business of Madison Square Garden.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Corporate & Investment Bank, Morgan Stanley Senior Funding, Inc. and RBS Securities Inc., as joint lead arrangers and bookrunners, and Bank of America, N.A., as agent, in connection with the $2.1 billion second amendment and restatement of an existing multi-facility, multi-currency credit agreement for Sealed Air Corporation and various of its affiliates.

J.P. Morgan Securities LLC, UBS Securities LLC, Goldman Sachs Bank USA, Morgan Stanley MUFG Loan Partners, LLC (acting through The Bank of Tokyo-Mitsubishi UFJ, LTD.), Morgan Stanley Senior Funding, Inc. and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners, and BMO Capital Markets, KeyBank National Association and Fifth Third Bank, as joint lead arrangers, in connection with a $647 million financing related to TPG Capital’s acquisition of The Warranty Group, Inc. from Onex Corporation.

Bank of America, N.A., as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as joint lead arranger and bookrunner, in connection with a $650 million aggregate financing, including a $250 million revolving credit facility, a $110 million Term A-1 facility and a $290 million Term A-2 facility, related to the spin-off of the Performance Fibers business of Rayonier Inc. from its Forest Resources and Real Estate businesses.

J.P. Morgan Securities LLC, as sole lead arranger, in connection with a new $500 million senior secured revolving credit facility for MSG Holdings, L.P.
Bank of America, N.A., as lead arranger, in connection with a senior secured financing related to the acquisition of Aztec Group by Information Resources, Inc.

Jefferies Finance LLC, as administrative agent, collateral agent and sole lead arranger and bookrunner, in connection with an acquisition financing, comprised of a first lien term loan, a revolving credit facility, and a second lien term loan, related to the acquisition by Advent International Corporation of all the equity interests of the U.S. and Canadian subsidiaries of P2 Energy Solutions, Inc., a software and data services provider to the upstream oil and gas industry, from Vista Equity Partners.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, and with Wells Fargo Securities, LLC, and Houlihan Lokey Capital, Inc. as joint bookrunning managers, in connection with the private placement by Wise Metals Group LLC and Wise Alloys Finance Corporation of $650 million aggregate principal amount of their 8.75% Senior Secured Notes due 2018. The notes, a new asset-based revolving credit facility, entered into by Wise Alloys LLC, as borrower, Wise Group and certain of its subsidiaries, as guarantors, concurrently with the notes offering, and an advance facility, entered into by Wise Alloys LLC with Rexam Beverage Can Company, have an intercreditor arrangement with cross priority on collateral.

Petroleum Heat and Power Co., in a refinancing of its $715 million senior credit facilities, agented by JPMorgan Chase Bank, N.A.

A regional gaming company in a refinancing of its prior indebtedness and a dividend recapitalization consisting of $550 million of senior secured credit facilities and $200 million of secured holding company notes.

The management team of Canaccord Genuity Group Inc., in arranging committed financing from HPS for a leveraged management buyout.

Community Counselling Service Co., LLC and CCS Research LLC, as borrowers under new term loan and revolving credit facilities, agented by PNC Bank, and entered into in conjunction with an investment by ABRY Partners.

Highland Dairy Foods Company, LLC, in obtaining a new $60 million senior revolving credit facility, agented by CoBank, ACB. 


  • Rising Star, IFLR1000, 2017



Attorney-at-Law, New York, 2003


B.A., University of British Columbia, 1998
LL.B., University of British Columbia, 2001
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.