Counsel,
- Phone: +1 212 210 9410
- Email: mathew.gray@alston.com
Investment banks and hedge funds look to Mathew for his counsel on the purchase and sale of loans and equity and debt securities of distressed and bankrupt companies.
Mathew Gray focuses on distressed loan trading and other transactional matters. He advises investment banks and hedge funds on legal issues relating to the purchase and sale of loans as well as equity and debt securities of distressed and bankrupt companies.
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Press Release March 3, 2025Alston & Bird Advises Ready Capital on $220 Million Senior Secured Notes PlacementAlston & Bird represented Ready Capital Corporation, a leading multistrategy real estate finance company, and its indirect subsidiary, ReadyCap Holdings LLC, in the private placement of $220 million (in aggregate principal amount) of ReadyCap’s 9.375% senior secured notes due 2028.Press Release March 3, 2025Alston & Bird Advises Ready Capital on $220 Million Senior Secured Notes PlacementAlston & Bird represented Ready Capital Corporation, a leading multistrategy real estate finance company, and its indirect subsidiary, ReadyCap Holdings LLC, in the private placement of $220 million (in aggregate principal amount) of ReadyCap’s 9.375% senior secured notes due 2028.
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Advisories March 4, 2024Distressed Debt & Trading Advisory: Broadly Syndicated Loans Are Not SecuritiesAfter the Supreme Court denied a certiorari petition, the Second Circuit’s Kirschner ruling is the law of the land. Our Distressed Debt & Trading Team explores how the circuit court came to its decision that syndicated term loans are not securities.Advisories March 4, 2024Distressed Debt & Trading Advisory: Broadly Syndicated Loans Are Not SecuritiesAfter the Supreme Court denied a certiorari petition, the Second Circuit’s Kirschner ruling is the law of the land. Our Distressed Debt & Trading Team explores how the circuit court came to its decision that syndicated term loans are not securities.
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Spectrum February 2024Structured Finance Spectrum – Winter 2024Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the shifting single-family rental landscape, what’s next for EDGAR, and Basel III.Spectrum February 2024Structured Finance Spectrum – Winter 2024Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the shifting single-family rental landscape, what’s next for EDGAR, and Basel III.
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Spectrum August 2023Structured Finance Spectrum - Summer 2023Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features smooth sailing through safe harbors, the English Court doing the cross-class cram-down, and banks going bankrupt.Spectrum August 2023Structured Finance Spectrum - Summer 2023Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features smooth sailing through safe harbors, the English Court doing the cross-class cram-down, and banks going bankrupt.
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Advisories July 26, 2023Distressed Debt & Claims Trading Advisory: Disqualified Lender Provisions: Broader Borrower/Sponsor Powers Pose Problems for Secondary Loan Market ParticipantsOur Distressed Debt & Claims Trading Team discusses trading issues related to DQ provisions in broadly syndicated credit facilities and trends providing borrower/sponsor friendly terms creating potential pitfalls for investors caught off guard.Advisories July 26, 2023Distressed Debt & Claims Trading Advisory: Disqualified Lender Provisions: Broader Borrower/Sponsor Powers Pose Problems for Secondary Loan Market ParticipantsOur Distressed Debt & Claims Trading Team discusses trading issues related to DQ provisions in broadly syndicated credit facilities and trends providing borrower/sponsor friendly terms creating potential pitfalls for investors caught off guard.
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Spectrum July 2022Structured Finance Spectrum – July 2022Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed markets – how the C-PACE space continues to grow apace, super scheme cross-class cram-down mechanisms, and NPLs through an ESG looking glass.Spectrum July 2022Structured Finance Spectrum – July 2022Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed markets – how the C-PACE space continues to grow apace, super scheme cross-class cram-down mechanisms, and NPLs through an ESG looking glass.
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Spectrum February 2022Structured Finance Spectrum – February 2022Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features analysis of how the market continues to swipe left on LIBOR but isn’t ready to commit to SOFR, the beauty of the transcendent CLO market, and the many-splendored thing that is a new frontier for securitization: NFTs (whatever those are).Spectrum February 2022Structured Finance Spectrum – February 2022Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features analysis of how the market continues to swipe left on LIBOR but isn’t ready to commit to SOFR, the beauty of the transcendent CLO market, and the many-splendored thing that is a new frontier for securitization: NFTs (whatever those are).
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Advisories January 4, 2022Distressed Debt & Claims Trading Advisory: What You Need to Know About Changes to LMA Secondary Trading Documents Due to Shift from LIBOR-Based to RFR-Based LoansWith the end of LIBOR, the secondary debt trading industry needs new standard terms and conditions. Our Distressed Debt & Claims Trading Team reviews how the Loan Market Association has modified its documents to bring in risk-free reference rates.Advisories January 4, 2022Distressed Debt & Claims Trading Advisory: What You Need to Know About Changes to LMA Secondary Trading Documents Due to Shift from LIBOR-Based to RFR-Based LoansWith the end of LIBOR, the secondary debt trading industry needs new standard terms and conditions. Our Distressed Debt & Claims Trading Team reviews how the Loan Market Association has modified its documents to bring in risk-free reference rates.
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Advisories December 7, 2021Distressed Debt & Claims Trading Advisory: LSTA Trading Documents Revised to Simplify Cost of Carry CalculationOur Distressed Debt & Claims Trading Team examines how the Loan Syndications and Trading Association is updating its standard terms and conditions to prepare for the end of LIBOR.Advisories December 7, 2021Distressed Debt & Claims Trading Advisory: LSTA Trading Documents Revised to Simplify Cost of Carry CalculationOur Distressed Debt & Claims Trading Team examines how the Loan Syndications and Trading Association is updating its standard terms and conditions to prepare for the end of LIBOR.
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Advisories April 6, 2020Distressed Debt & Claims Trading Advisory: Secondary Loan Trading Considerations in Unsettling TimesPrepare for leverage loan default rates to balloon to heights not seen in more than a decade. Our Distressed Debt & Claims Team discusses the importance of using distressed documentation for stressed/distressed loans.
Advisories April 6, 2020Distressed Debt & Claims Trading Advisory: Secondary Loan Trading Considerations in Unsettling TimesPrepare for leverage loan default rates to balloon to heights not seen in more than a decade. Our Distressed Debt & Claims Team discusses the importance of using distressed documentation for stressed/distressed loans.
Bar Admissions
- New York
Education
- Northwestern University (J.D., 2005)
- New York University (B.A., 2001)