Nell Ethridge
Counsel
Areas of Focus
- Corporate & Finance
- Capital Solutions
- Private Capital
- Financial Restructuring
- Advises clients on corporate matters, including finance transactions and restructuring.
Nell represents a wide range of lenders, borrowers and sponsors in complex finance transactions, including senior secured, unitranche, mezzanine, second lien and distressed transactions. Her practice also encompasses in-court and out-of-court workouts, restructurings and insolvency matters, with a focus on debtor-in-possession financings and liability management transactions.
Prior to joining Akin, Nell was an associate at another leading global law firm in New York, where she advised on a variety of senior, junior and multi-tranche credit facilities, as well as acquisition financings and refinancings. She has also worked at a New York-based firm, where she led deal teams in direct lending and special situations representations.
Nell earned her J.D. from Columbia Law School. She holds a B.A. magna cum laude from Colgate University.
- Represented Thrive Pet Healthcare in a liability management and financing transaction that enabled the company to obtain more than $350 million of enhanced liquidity and extend the maturities of more than $1.7 billion of existing debt obligations.
- Represented AccentCare in an uptier debt exchange that resulted in near-unanimous lender participation, raised $175 million of new money capital, and extended the maturity of its existing $1.3 billion of debt by two years.
- Represented an ad hoc group of second lien lenders of Yak Access LLC, a provider of temporary roadways to remote construction sites, in connection with its out-of-court recapitalization and exchange transaction, which eliminated over $500 million of debt. As part of the recapitalization, holders of second lien term loans received a significant primary equity stake as well as various series of preferred stock in the recapitalized Yak.
- 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 billion of first lien bond debt, and a subsequent exchange of $1.3 billion of first lien bond debt.
- Represented an ad hoc group of first lien lenders to Instant Brands Holdings Inc. in connection with their $390 million prepetition term loans, and the provision of a $132.5 million debtor-in-possession financing.
- Represented Blackstone in a strategic financing collaboration for up to $1 billion in funding with PTC Therapeutics, a global biopharmaceutical company focused on medicine development and commercialization for patients with rare disorders.
- Represented an ad hoc group of first and second lien lenders of CHC Group LLC, the global rotary wing aviation services provider, with respect to, among other things, approximately $100 million of new money financing and an out of court exchange involving up to approximately $500 million of existing first and second lien debt.
- Represented Blackstone in a strategic $330 million financing collaboration with Harmony Biosciences Holdings, a pharmaceutical company developing and commercializing therapies for neurological diseases.
List may include matters worked on prior to joining the firm.
EducationJ.D., Columbia Law School, 2015
B.A., Colgate University, magna cum laude, 2012
J.D., Columbia Law School, 2015
B.A., Colgate University, magna cum laude, 2012
Bar AdmissionsNew York
New York
