Whether you are a bank, commercial finance company, hedge or private equity fund, or mezzanine and subordinated debt lender, our commercial finance attorneys can represent you. We advise borrowers in all aspects of senior, subordinated and mezzanine debt transactions.
Our experience includes:
- Asset-based financings
- Multi-state, multi-currency and cross-border secured financings
- Financings secured by unusual types of collateral
- Real estate financings
- ESOP loans
- Healthcare financings
- Floor-plan financings
- Bridge financings
- Letter-of-credit facilities
- Interest rate swaps
- Leveraged acquisition transactions
- Tax preferred financing
In addition to our senior lending practice, our attorneys have extensive experience in junior debt transactions. We regularly counsel senior lenders, junior lenders and borrowers in all aspects of subordinated and mezzanine debt transactions, including the structuring, documentation and negotiation of subordination and intercreditor agreements, and the equity enhancements involved in those types of transactions.
- JPMorgan Chase Bank, N.A.
- U.S. Bank National Association
- Wells Fargo Bank
- RBS Citizens
- Fifth Third Bank
- KeyBank National Association
- FirstMerit Bank, N.A.
- The Huntington National Bank
- Roynat Capital, Inc., a subsidiary of Scotia Bank
- Capital One Bank
- First Midwest Bank
- First National Bank of Pennsylvania
Representative matters specific to banking and commercial finance
- A global bank in connection with a syndicated $105 million asset-based credit facility (revolving and term loans) extended to a manufacturer of automotive, industrial and after-market products with operations across the United States and Canada, which included the negotiation of intercreditor agreements with four subordinated creditors, including two institutional creditors.
- A global bank in connection with a syndicated $220 million multi-currency asset-based revolving credit facility extended to a publicly traded diversified manufacturer with operations throughout the world. The credit facility included various secured credit lines issued to borrowers in the United States and several foreign countries, including Canada and the United Kingdom, as well as the integration of existing complex senior subordinated notes.
- A global bank in connection with a syndicated $50 million asset-based revolving credit facility extended to a national chain of religious product retail stores in connection with a significant dividend recapitalization, which included the negotiation of sensitive intercreditor issues in connection with the issuance of a $35 million second lien note and a $25 million third lien note.
- A national bank in connection with a $10 million asset based revolving credit facility extended to a national retail chain with over 95 locations.
- A national bank in connection with a syndicated $50 million asset-based revolving credit facility extended to a national manufacturer and distributer of interior and exterior construction products, which included securing over 18 pieces of real property in several states.
- A national bank in connection with a $36 million credit facility (revolving, term and capex loans) extended to a material handling equipment company to finance its ESOP transaction, which included the integration of a complex subordinated loan.
Representative matters specific to commercial real estate finance
- A national bank in connection with a $12 million construction and mini-perm loan for CBD office building, which included significant collateral issues, including pledge of historic tax credits issued to affiliate project, and also significant intercreditor issues related to subordinated New Market Tax Credit lender.
- A national bank in connection with a $25.5 million refinance of 16-story, 250,000 square foot Class A office building and parking garage in downtown Cleveland, Ohio.
- A developer in connection with a $71 million syndicated construction loan for a 364,000 square foot community shopping center in South Florida.
- A retail developer in connection with a $44.5 million building loan facility for a 349,000 square foot regional shopping center in New York, which included significant issues regarding the integration of County Industrial Development Agency financing component.