Overview

Andrew A. Kling regularly represents clients in a wide variety of domestic and international corporate finance matters, including:

  • Senior secured and unsecured financings
  • Mezzanine, private equity and alternative investment transactions
  • Project, energy and structured finance
  • Debt restructurings (including debt for equity exchanges and takeovers)
  • Workouts

He concentrates his practice representing institutional investors (including funds).

Previous Experience

From 1978 to 1981, Andrew served as a legislative aide to U.S. Congressman Willis D. Gradison (Ohio) in Washington and had responsibility for legislation before the Ways and Means Committee.

  • Experience

    Representative transactions for which Andrew has acted as lead partner for the firm include:

    • $500 million senior debt facility (food industry)
    • $200 million second lien debt facility (plus an incremental facility including $55 million “free-and-clear”) with a $12 million equity co-investment (service industry)
    • $168 million opco/holdco facilities and co-investment consisting of a $64 million opco senior subordinated notes facility with a $64 million opco notes delayed draw tranche and an $8 million holdco notes facility with a $32 million holdco notes delayed draw tranche (engineering industry)
    • $153.75 million opco/holdco facilities and co-investment consisting of a $45 million opco senior subordinated notes facility with a $20 million opco notes delayed draw tranche and a $45 million holdco notes facility with a $10 million holdco notes delayed draw tranche together with a $33.75 equity co-investment (healthcare industry)
    • $148 million cross-border second lien debt facility (including a $70 million incremental) together with a $5 million equity co-investment (food industry)
    • $134 million equity investment consisting of $57 million preferred with a kicker and $77 million common (telecommunications industry)
    • $120 million opco/holdco facilities consisting of a $65 million opco second lien debt facility and a $55 million holdco note facility with warrants (broadcast industry)
    • $100 million mezzanine investment consisting of $64 million senior subordinated notes with a $40 million equity co-investment (health industry)
    • $100 million senior subordinated holdco notes (government support services)
    • $82 million common stock investment (healthcare industry)
    • $75 million junior capital investment consisting of a $50 million second lien debt investment and a $25 million common equity co-investment (healthcare industry)
    • $61 million mezzanine investment consisting of a $46 million senior subordinated note facility and a $15 million equity co-investment (food industry)
    • $60 million preferred investment (IT industry)
    • $46 million junior capital investment consisting of $40 million holdco notes and $6 million equity co-investment (IT industry)
    • $41.5 million unitranche facility (health industry)
    • $30 million secured holdco note facility (energy industry)
    • $24 million last-out tranche of a unitranche facility (advertising industry)
    • $20.1 million first lien debt facility with equity co-investment (construction industry)
  • Credentials

    Education

    • University of Virginia School of Law, J.D., 1984
      Virginia Tax Review, Managing Board
    • University of Wisconsin - Madison, B.A., Economics, 1978, with distinction

    Bar Admissions

    • Illinois
      • U.S. District Court for the Northern District of Illinois

          Professional Memberships

          • American Bar Association, Banking and Business Law Section
          • American College of Investment Counsel, Former Trustee
          • Chicago Bar Association, Commercial Finance and Transactions Committee, Former Chair
        • Insights

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          News Release

          2019 Leading Lawyers Lists Recognize 95 Schiff Attorneys

          Schiff Hardin LLP is pleased to have 95 attorneys named to the 2019 Leading Lawyers list.

          News Release

          Super Lawyers Names 39 Schiff Attorneys to 2019 Illinois Super Lawyers, Rising Stars Lists

          Two partners were recognized among “best of the best” on 2019 Illinois Top Lists

          News Release

          Schiff Advised Altaris on $1.1 Billion Take-Private Acquisition of Analogic

          Schiff Hardin LLP served as legal counsel to Altaris Capital Partners in connection with an Altaris affiliate’s acquisition of Analogic Corporation for approximately $1.1 billion.

          News Release

          95 Schiff Hardin Lawyers Named to 2018 Leading Lawyers Lists

          Ninety-six Schiff Hardin lawyers have been named to the 2018 Leading Lawyers lists for Illinois and Michigan.

          News Release

          40 Attorneys Named to 2018 Illinois Super Lawyers, Rising Stars, and Top Women Lists

          Forty Schiff Hardin attorneys have been recognized on the 2018 Illinois Super Lawyers and Rising Stars lists.

          News Release

          99 Schiff Hardin Attorneys Named to 2017 Leading Lawyers List

          Ninety-nine Schiff Hardin lawyers have been named to the 2017 Leading Lawyers list for Illinois and Michigan.

          News Release

          39 Schiff Hardin Lawyers Named to 2017 Illinois Super Lawyers, Rising Stars Lists, and Two Schiff Hardin Attorneys Named to Top 50 Women Lawyers

          Thirty-nine Schiff Hardin attorneys have been selected for inclusion on the 2017 Illinois Super Lawyers and Rising Stars lists.

          News Release

          91 Schiff Hardin Lawyers Named to 2016 Illinois, Michigan Leading Lawyers Network

          The list is comprised of those attorneys who are most recommended as top lawyers among their peers.

          News Release

          40 Schiff Hardin Lawyers Named to 2016 Illinois Super Lawyers, Rising Stars Lists

          The Super Lawyers selection methodology includes a statewide nomination process, peer review by practice area, and independent research on candidates.

          Speeches & Presentations

          • “Private Equity Investments and Other Issues in Co-Investment,” American College of Investment Counsel Spring Forum (Spring 2017)
          • “Subordination Terms and How to Improve Your Odds,” American College of Investment Counsel Spring Forum (Spring 2013)
          • “Alternative Investments,” American College of Investment Counsel Annual Conference (Fall 2012)
          • “Legal Opinions for Private Equity Fund Investments,” American College of Investment Counsel Annual Conference (Fall 2007)
          • “Preparing for the Next Downturn,” American College of Investment Counsel Spring Forum (Spring 2005)
          • “Anatomy of a Mezzanine Transaction — Putting Flesh on the Bones,” American College of Investment Counsel Annual Conference (Fall 2002)