Steven R. Rutkovsky

Partner

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  • JD, New York University School of Law, 1991; Order of the Coif
  • MBA, New York University, 1991
  • AB, magna cum laude, Harvard College, 1987

Qualifications

  • New York, 1992
  • American Bar Association
  • Legal Opinions Committee of ABA Business Law Section
  • Leading Lawyer, IFLR1000 (2015-2017)
  • New York Super Lawyers – Metro Edition (Bankruptcy & Creditors/Debtor Rights) (2010, 2013-2016)

Steven R. Rutkovsky

Partner

Steve focuses on complex leveraged financing and capital markets transactions. He represents private equity funds and portfolio companies, private credit and direct lending vehicles, and public companies in a wide range of transactions, including acquisition financings, dividend recapitalizations, revolving credit lines and debt restructurings involving senior secured credit facilities, unitranche and mezzanine facilities, and high-yield bond offerings. Steve is chair of the firm’s Opinion Practices Committee.

Experience

  • Represented KKR Capital Markets LLC in arranging approximately $1 billion of first lien and second lien credit facilities to finance HIG Capital’s acquisition of Centric Group and Trinity Services.
  • Represented a global investment management firm in making a $200 million second-lien loan to a sponsor-owned energy services company.
  • Represented a private investment manager in connection with a PIPE investment in a publicly-traded provider of healthcare staffing services.
  • Represented Welsh, Carson, Anderson & Stowe in obtaining a multi-fund capital call subscription facility.
  • Represented Welsh, Carson, Anderson & Stowe in obtaining senior secured credit facilities to finance its acquisition of U.S. Anesthesia Partners.
  • Represented Kohlberg & Company in obtaining first and second lien financing for its acquisition of MarketCast, LLC.
  • Represented Dunkin’ Brands’ Inc. in obtaining senior secured credit facilities in connection with its $2.4 billion buyout by Bain Capital, Thomas H. Lee Partners and the Carlyle Group.

Publications

  • Quoted, “Direct Lenders Help Resuscitate Second-Lien Loan Issuance,” Private Equity Analyst (October 2016)
  • Quoted, “Are Private Equity Deals in Trouble?” Bloomberg (January 27, 2016)
  • Quoted, “Pro-rata volume jumps as corporate buyers take control of M&A,” Reuters (June 29, 2015)
  • Steven R. Rutkovsky, “An Expert’s View: Developments in Middle Market Loan Terms,” Practical Law Journal (February 2015)
  • Quoted, “TRLPC: Retailers Test Wary US Leveraged Market,” Reuters (January 30, 2015)
  • Quoted, “TRLPC: Burger King markets $7.25 billion loan package for Tim Hortons buy,” Reuters (September 11, 2014)
  • Quoted, “Lenders Loosen Up,” M&A Magazine (May 19, 2014)
  • Quoted, “Sense of the markets: Terms tighten on middle market loans,” The Deal (April 16, 2014)