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Cadwalader advised Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR) in connection with a new term loan secured with Powerscourt Investments XXII, LP, an affiliate of certain funds managed by Waterfall Asset Management, LLC, an SEC-registered investment adviser focused on structured credit and loans with approximately $9.4 billion in assets under management, as of December 1, 2020. The net proceeds of the loan were used to pay off certain existing indebtedness and to fund a “modified Dutch auction” cash tender offer for Wheeler’s outstanding 8.75% Series D Cumulative Convertible Preferred Stock. Cadwalader is also advising Wheeler on the cash tender offer, which launched one day after the closing of the loan.