Special Situations Credit Transactions
Represented a credit fund restructuring $42.5 million of existing notes issued by a high net-worth individual secured by certain of his investments and purchasing $5 million of additional notes.
Represented a business development company making a $14.5 million loan to a holding company organized by a transaction sponsor to finance its acquisition of control of special purpose vehicles holding over $3 billion of leveraged financial assets.
Represented the minority equity owner of a bio-gas facility issuing $8 million of limited recourse senior secured bridge notes to an energy credit fund to finance the purchase and subsequent sale of a controlling interest in the facility.
Represented an investment advisor and its affiliates purchasing $7.2 million of preferred equity interests in, and providing $18.5 million of term loans and up to $2.5 million of revolving loans to, a fast-food restaurant franchisee and operator of proprietary fast food restaurant concepts.
Represented an investment advisor and its affiliate, as sole investor, providing $50 million of capital to a newly organized credit fund making senior secured loans to finance the production of motion pictures and television shows.
Subscription Credit Transactions
Represented a lead arranger and administrative agent arranging a $3 billion umbrella syndicated senior secured revolving subscription credit facility to four separate groups of affiliated private equity funds.
Represented a lender making an aggregate of $145 million available to three affiliated private equity funds pursuant to three separate parallel committed and uncommitted bilateral subscription credit facilities.
Represented a lead arranger and administrative agent arranging a $200 million syndicated senior secured revolving subscription credit facility to a private equity fund also secured by the commitments of investors in its feeder funds.
Represented an administrative agent under an existing $250 million syndicated senior secured revolving subscription credit facility to a private equity fund arranging the joinder of a portfolio company as a limited recourse borrower of a $90 million term loan thereunder.
Leveraged Credit Transactions
Represented a lead arranger and administrative agent arranging a $400 million syndicated senior secured asset based revolving credit facility used to finance the acquisition of a regional consumer finance company by a public business development company.
Represented an institutional investor providing $250 million of a $1 billion institutional term loan facility used to finance the acquisition of an international publishing business.
Represented an administrative agent for a club of syndicated lenders negotiating a forbearance agreement under a defaulted $120 million term and revolving credit facility to a company jointly controlled by its founding family members and an equity sponsor, and arranging a club of first-out lenders in a unitranche replacement facility.
Represented a credit fund making a $5 million senior secured loan to, and purchasing common stock warrants in, a tracking services company.