Corporate Leveraged Finance

We regularly assist traditional and non-traditional lenders and borrowers with a variety of lending platforms, including

• Asset based lending
• Senior and mezzanine financing
• Specialty finance – restaurant industry and convenience and gas industries
• Commercial and industrial lending
• SPV transactions lending on various pools of assets
• Syndicated credit facilities

Interdisciplinary team and collaborative approach

• Seasoned tax, ERISA, regulatory, employment, real estate and mergers and acquisitions practitioners
• Ability to draw upon 1,000+ attorneys and professionals across the Firm’s platform
• Former in-house counsel and chief compliance officer for large fund managers
• Former SEC regulator

Our attorneys provide business-minded, fund-specific perspectives and drive incisive, solutions-oriented legal strategy.

Our clients span the financial services sector

• National, regional and local banks
• Investment banks
• SBICs
• BDCs
• Hedge funds
• Life insurance companies
• Other non-bank financial institutions

Our commercial and syndicated lending services help you

• Lead transactions and close syndicate and sole-bank commercial loan transactions
  • “Club” deals and widely syndicated credit facilities
  • Structure transactions for a broad range of loans, including C&I loans, ABL, leveraged acquisition and recapitalization transactions, mezzanine loans, and other complex commercial transactions
  • Negotiate intercreditor agreements and participation agreements
  • Collateral units in multiple jurisdictions
• Structure term sheets, credit facilities, and related loan documents, including
  • Mandate, commitment, and fee letters
  • Incremental facilities with “most favored nation” pricing provisions
  • Development loans with and without traditional construction monitoring
  • Covenant “lite” transactions
  • Borrowing base with receivables and/or inventory
  • Reducing revolvers
  • Letters of credit
• Navigate regulatory requirements and compliance issues associated with banking regulations regarding loan originations and leveraged finance transactions
• Represent borrowers in connection with any lending transaction of any size

Following is a selected sampling of matters and is provided for informational purposes only. Past success does not indicate the likelihood of success in any future matter.

Specialty Finance – Restaurant Industry and Convenience and Gas Industry

• Represented national lender as Administrative Agent and lender in the amendment and restatement of senior credit facilities consisting of a $29.5 million term loan, a $12.6 million term loan and $10 million development loan secured by 103 quick service restaurants in Georgia, Kentucky, Ohio, North Carolina, Tennessee, Virginia, and West Virginia
• Represented national lender as administrative agent in the amendment and restatement of senior credit facilities consisting of a $40 million term loan, a $2.8 million term loan, a $2 million revolving loan, and a $6 million development loan secured by 128 quick service restaurants in Florida, Mississippi, Georgia, Alabama, and Louisiana
• Represented national lender as in a $15 million term loan and a $.35 million revolving loan secured by 16 quick service restaurants in Florida, Georgia, and Virginia
• Represented national lender as Administrative Agent and lender in the refinance of a $38.1 million term loan, $10 million reducing revolving loan, $1.5 million revolving loan, $8 million development loan, and $2 million capital expenditure loan secured by 20 convenience and gas stations in Colorado, Illinois, Kansas, Missouri and Ohio
• Represented national lender as Administrative Agent and Lead Arranger in the refinance of a $34 million term loan, $13.5 million term loan, $9.7 million revolving loan, and $1.8 million development loan secured by over 100 convenience and gas stations in Maine, Massachusetts, New Hampshire, and Rhode Island
• Represented hedge fund as Administrative Agent and lender in a $37 million bankruptcy exit financing transaction secured by (i) 46 properties, including 43 convenience and gas stations in Colorado and Nebraska, and (ii) a pledge of equity interests in the borrowing entities
• Represented national lender in a $22.8 million term loan, $3 million revolving loan, and $2.2 million capital expenditure loan secured by 64 convenience and gas stations in Delaware, New Jersey, and Pennsylvania

Other Senior Loan Origination

• $4.4 billion credit facility to payments processor
• $50 million secured revolving credit facility to alarm services company 
• $20 million secured senior term  facility to marine accessories distributor

Mezzanine Financing

• Represented mezzanine lender in a $55 million mezzanine loan to nutritional supplement manufacturer/distributor
• Represented mezzanine lender in a $30 million mezzanine loan to consumer products manufacturing company
• Represented mezzanine lender in a $20 million secured mezzanine loan with warrant kicker to marine accessories distributor
• Represented mezzanine lender in a $9.1 million secured mezzanine loan to industrial products manufacturer
• Represented mezzanine lender in a $7.25 million secured mezzanine loan facility with an equity co-invest to a food ingredients distributor