Debt Finance Transactions
Represented lead arrangers and agent in connection with a $3 billion revolving credit facility and a $620 million letter of credit facility for a California investor owned utility and a $300 million revolving credit facility for the utility’s parent company.
Represented public company as borrower of a partially secured $600 million revolving credit facility, the proceeds of which were used to refinance a spin-off credit facility.
Represented public company as borrower of a fully secured $850 million revolving credit and term loan facility. Represented the same borrower in an amendment to its credit facility to add a $900 million multicurrency facility.
Represented lead arrangers and agent in connection with a $750 million revolving credit facility for a California investor owned utility.
Represented agent in connection with a $44 million revolving credit facility for an Ohio based utility.
Represented lender in connection with asset backed loans to the following businesses: audio cable, mobile pulmonary services, waste management, food processing and packaging equipment, denim manufacturing and electronics distributor.
Represented liquidity provider in connection with California’s first neutral mediation under California Assembly Bill 506 and represented the same lender in ensuing Chapter 9 bankruptcy proceeding.
Represented lender in connection the restructuring of credit facilities provided to a California redevelopment agency that was dissolved by statute as part of California’s 2011 budget solution.
Represented arranger and agent of a $4.3 billion bridge loan to the State of California to fund electric power purchases resulting from California’s power shortage in 2001 and as arranger and administrative agent of the multi-billion dollar take-out financing.
Represented arranger and agent of a $1.9 billion letter of credit facility to support revenue anticipation notes issued by the State of California.
M&A and Joint Venture Transactions
Represented U.S. public company in its acquisition of a smaller U.S. public company. This transaction involved the merger of six business units of the buyer into newly formed subsidiaries of the target company. The target company was merged into a subsidiary of the buyer and then split off and listed on NASDAQ.
Represented U.K. public company in the sale of its German division to a U.S. based company. The transaction involved the sale of stock in a German company and assets located in Las Vegas for stock and warrants of the U.S. Company. This transaction also involved a “second review” by the Federal Trade Commission.
Represented investment manager in connection with its acquisition of a controlling interest of a sponsor of real estate investment funds.
Represented a British Virgin Islands company in connection with its acquisition of a significant minority interest in a prominent coffee company.
Represented U.S. subsidiary of a Mexican conglomerate in its acquisition of the assets of a polymer coil coating facility located in the U.S. This transaction was unusual inasmuch as it included the right to “put” the assets back to the seller in the event certain environmental and real estate issues were not satisfactorily rectified post-closing.
Formed and represented a joint venture among French, Dutch, German and US based companies to acquire and operate a subsidiary of the U.S. public company.
Represented U.S. public company in the formation, growth and termination of a joint venture with the U.S. businesses of a U.K. public company. This joint venture was formed to provide real estate business information solutions and grew significantly through acquisitions.
Represented U.S. subsidiary of a U.K. company in the formation of a joint venture to distribute beverages throughout North America.