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Kelsey Avery is counsel in Ropes & Gray’s finance practice. Her experience includes representing private equity sponsors and their portfolio companies, financial institutions, alternative credit providers, and corporate borrowers on a broad range of complex financing matters, including leveraged acquisitions, capital structure refinancings, restructurings, asset-based lending and liability management transactions. Her clients span a wide range of industries, including private equity, technology, healthcare, industrials, energy, consumer products, and financial services.
Experience
- CVC Capital on its $925 million global carve-out acquisition of Therakos from Mallinckrodt (awarded IFLR Americas Deal of the Year 2025).
- CVC Capital in connection with the refinancing of the existing financings of its portfolio company Ontic.
- Aquiline Capital Partners in connection with financings for Accuserv, CoAdvantage, and Cordance.
- Investcorp in connection with an add-on financing for its portfolio company ICR.
- Platinum Equity in the financing of its acquisition of Imerys's High Temperature Solutions business.
- Sixth Street and BGH Capital, a leading Australian private equity sponsor, in the financing of their acquisition of Pushpay Holdings Limited.
- Keysight Technologies on its all-cash recommended offer to acquire Spirent Communications PLC and the financing to support the acquisition, comprised of a bridge loan facility.
- PBF Holding Company, a subsidiary of PBF Energy Inc., on its amended and restated $3.5 billion asset-based revolving credit facility.
- ORIX Corporation and certain of its subsidiaries, as borrowers, on their working capital revolving credit facility.
- Razor Group on the acquisition of Perch, a leading e-commerce aggregator in the US, and on Razor's refinancing of the capital structure for the combined group.
- SumUp on its €1.5 billion private credit loan, one of the largest European private credit deals of its kind in recent years.
- Verlinvest in connection with the entry by one of its portfolio companies into a $75 million senior secured term loan and a $12.5 million senior secured delayed draw term loan facility.
- Fomento Economico Mexicano on the sale of its refrigeration and foodservice equipment operations, Imbera and Torrey.
- Leggett & Platt on its $285 million sale of its Aerospace Products Group to funds managed by Tinicum.
Arranger/agent/lender representations
- Goldman Sachs and Bank of Montreal in connection with the $8.5 billion financing for Canadian Pacific Railway’s acquisition of Kansas City Southern.
- Lead arranger and administrative agent in connection with (i) $1.64 billion senior secured credit facilities provided to Altra Industrial Motion Corp. and (ii) a $400 million senior unsecured bridge facility provided to a special purpose subsidiary of Fortive Corporation in connection with Altra’s acquisition of Fortive’s Automation & Specialty platform through a potentially tax-free Reverse Morris Trust transaction.
- Lead arranger and administrative agent in connection with an $850 million term loan facility and a $400 million revolving credit facility provided to Adtalem Global Education to finance its acquisition of Walden University.
- Administrative agent and the revolving facility lenders in connection with acquisition financing provided to KPS Capital Partners, LP for its acquisition of AM General LLC.
- Lead arranger and administrative agent in connection with a $200 million working capital revolving credit facility provided to Oscar Health, Inc.
- Joint lead arrangers and an administrative agent in connection with a $300 million working capital, asset-based revolving credit facility for Chewy, Inc.
- Citibank, N.A. in connection with the $1 billion debtor-in-possession financing for Windstream Holdings, Inc. and its subsidiaries.
- An ad hoc group of term lenders in connection with the supersenior and debtor-in-possession financings for Murray Energy Corporation.
*This list includes work that Kelsey completed prior to joining Ropes & Gray.