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Syndicated Lending


Overview

We represent financial institutions in syndicated loan facilities. We have served as lead counsel on hundreds of widely syndicated revolving credit facilities, term loans, mezzanine loans, and subordinated debt residential and land loans for a nationally recognized financial institution. These transactions included both secured and unsecured syndicated loans ranging from $50 million to $1 billion and included approximately 10 bank group members.

Experience

  • Represented an international bank as agent in the $155 million syndicated mortgage loan to a national real estate investor for the 700-acre Merrill Lynch campus in New Jersey.
  • Represented participant bank in $200 million credit facility with (i) $25 million acquisition/development revolving credit facility with a $2 million swingline sub-facility and a $3 million letter of credit sub-facility and (ii) $175 million senior term loan.
  • Represented debtor in the refinancing of $166 million bond debt using a direct placement of the new bond to a private bank. This was a remarkably complex transaction involving banks, bondholders, and county government. The client retired almost $50 million in prior bond debt and achieved an interest rate savings of nearly 3 percent.
  • Represented borrower in $150 million asset-backed revolving loan facility secured by accounts receivable of client’s foreign subsidiaries in Latin America.
  • Represented participant in $200 million senior asset-based revolving credit facility to aviation industry borrower.
  • Represented co-lender in a $135 million asset-based revolving credit facility.
  • Represented lender in connection with a $40 million revolving credit facility secured by Zurich and EXIM-insured foreign accounts receivable.
  • Represented lender in connection with $35 million revolving line of credit facility to multientity borrower group secured by both domestic and foreign accounts and inventory.
  • Represented lender in connection with a $20 million revolving credit facility to a premium finance company.
  • Represented lender in connection with the modification of a $15 million revolving credit facility to a health care industry borrower, secured by borrower’s business assets, including pledges of the ownership interests in multiple subsidiaries.
  • Represented lender in connection with a $9.5 million asset-based revolving credit facility for revolving working capital advances and letters of credit secured by company assets, including accounts receivable, inventory, and vendor receivable programs with affiliated companies.
  • Represented lender in connection with two asset-based loan facilities totaling $8 million to a multiborrower group to finance working capital and issuances of letters of credit.
  • Represented lender in connection with an $8 million revolving line of credit, with a $2 million sublimit for euros and a $1 million sublimit for the issuance of standby letters of credit, secured by borrower’s business assets and an assignment of borrower’s credit insurance.

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.