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Kenneth J. Steinberg
Associate
Mr. Steinberg is an associate in Davis Polk’s Corporate Department and is assigned to the Credit Group. He has substantial experience in both in-court and out-of-court restructuring and financing transactions, including debtor-in-possession financing and bankruptcy exit financings, representing both senior secured lenders and borrowers. In addition, he is an active participant in Davis Polk’s leveraged finance practice, and has been involved in numerous acquisition financing transactions.
Contact
  • New York
    450 Lexington Avenue
    New York, NY 10017
    P: 212-450-4566
    F: 212-701-5566
Bar Admissions
  • State of New York
Education
  • B.S., Finance and Accounting, University of Pennsylvania, The Wharton School, 1987
    • summa cum laude
  • M.B.A., Finance, Columbia Business School, 1992
    • Dean's List
  • J.D., Fordham University School of Law, 2005
    • Dean's List
    • summa cum laude
    • Staff Member, Fordham Law Review

Work Highlights
Recent Representations
  • Citigroup as administrative agent in connection with $1.1 billion of debtor-in-possession term and asset-based revolving credit facilities for Federal-Mogul Corporation and subsequent $3.5 billion of bankruptcy exit term and asset-based revolving credit facilities 
  • J.P. Morgan as administrative agent in connection with $885 million of senior secured term and asset-based revolving credit facilities for Tower Automotive in connection with its acquisition by affiliates of Cerberus Capital Management pursuant to Section 363 of the Bankruptcy Code
  • Delta Air Lines, Inc. in connection with its $2.5 billion of first- and second-lien bankruptcy exit term and revolving credit facilities and subsequent refinancing thereof
  • Delta Air Lines, Inc. in connection with its offerings of $750 million of first-lien secured notes and $650 million of junior-lien secured notes, and concurrent $750 million of senior secured credit facilities
  • Bank of America, N.A. in connection with the out-of-court restructuring of $630 million of senior secured credit facilities for the Fontainebleau Miami hotel
  • Alliance Tire Group (co-owned by Warburg Pincus) in connection with $38 million asset-based revolving credit facility to finance its acquisition of the U.S. operations of GPX International Tire Corporation pursuant to Section 363 of the Bankruptcy Code
  • The Federal Reserve Bank of New York in connection with the term asset-backed securities loan facility (“TALF”)
  • Citigroup as administrative agent in connection with a $270 million debtor-in-possession accounts receivable securitization facility for AbitibiBowater, Inc. and subsequent $600 million bankruptcy exit asset-based revolving credit facility
  • Credit Suisse Securities (USA) LLC in connection with an $820 million senior secured term loan facility for Gymboree Corporation in connection with its acquisition by affiliates of Bain Capital
  • Bank of America, N.A. in connection with $320 million of senior secured term and revolving credit facilities for PRIMEDIA INC. in connection with its acquisition by affiliates of Texas Pacific Group
  • Cantor Fitzgerald Securities as administrative agent in connection with $35 million of debtor-in-possession term loan facilities for Sbarro, Inc. and subsequent $137.3 million of rollover and new money exit term loan facilities
  • Citigroup as administrative agent in connection with $950 million of debtor-in-possession term and asset-based revolving credit facilities for Eastman Kodak Company
Professional History
  • Associate, 2005-present