Gary D. Samson

Counsel

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Practices
Industries
Education
  • University of California Hastings College of the Law, JD, Order of the Coif, Associate Editor, Hastings Law Journal, 1973
  • University of Southern California, BA, cum laude, 1970
Admissions
  • California
Affiliations

Governor; Past President, Financial Lawyers Conference of California

Past Chair, Commercial Law and Bankruptcy Section; Member, Commercial Law Committee, Los Angeles County Bar Association

Member, Uniform Commercial Code Committee; Debtor-Creditor Relations Committee, State Bar of California

Member, Commercial Financial Services Committee, American Bar Association

Gary represents major national and select regional banks and national commercial lenders on sophisticated syndicated and non-syndicated asset-based, cash flow, investment-grade, second-lien and other commercial loans made to businesses across a broad spectrum of industries. He also has extensive experience handling related workouts and bankruptcy matters. While highly experienced in all phases of commercial lending, he has developed particular depth in loans to healthcare providers, oil and gas producers and refiners, and agriculture-related businesses, including farming, wineries and canning facilities. With regard to healthcare-related loans, Gary represents many of the leading banks and commercial lenders specializing in loans to a variety of healthcare providers including, profit and not-for-profit hospitals, outpatient facilities, outpatient surgery and imaging centers.

In more than 30 years of practice, Gary has handled hundreds of high-value and high-dollar loan transactions, chiefly in the $15 million to $500 million range, as well as several hundred out-of-court workouts and Chapter 11 cases. He has held leadership positions in a number of professional associations, including serving as president and treasurer of the Financial Lawyers Conference of California and as chair of the Commercial Law and Bankruptcy Section of the Los Angeles County Bar Association. He has also served on the Uniform Commercial Code and Debtor-Creditor Committees of the California State Bar.

Gary is a frequent guest lecturer for business and professional groups. In addition to teaching a multiday course on workouts and bankruptcy and a course on asset-based lending on behalf of the Commercial Finance Association, he also has chaired commercial law update programs for the Commercial Finance Conference of California.

Gary was a member of the Thurston Society for Academic Excellence at the University of California, Hastings College of Law.

In the News

Gary D Samson
vCard
T: +1 310 315 8248F: +1 310 956 31481800 Century Park East
8th Floor
Los Angeles, CA 90067-1501
T: +1 213 457 9843 Wells Fargo Center
South Tower
355 S. Grand Ave., Suite 4200
Los Angeles, CA 90071-3103

Represented client as Agent in a $130,000,000 syndicated secured facility to a major supplier of wood and wood products. The matter involved expertise not only in syndicated finance and asset based lending but also in mergers and acquisitions and in agricultural lien issues on wood products.

145,000,000 syndicated secured asset based facility to a national processor and distributor of fish and fish products. In addition to finance and syndication experience, the loan also required expertise on state and federal liens on fish and fish products, ERISA and real estate.

This matter involved a $35,000,000 asset based revolving loan to a group of affiliated companies and a separate $45,000,000 construction loan to an affiliate of the corporate borrowers. The construction loan is being used to renovate and rehabilitate the manufacturing and distribution plant of the corporate borrowers. The matter required two separate legal teams to move concurrently and parallel in an attempt to close both loans substantially concurrently. The matter also required in depth analysis of state and federal agricultural and meat packing liens and other potential secret liens affecting the collateral.

Represented lender as agent in a asset based loan to a national chain of continuous care retirement facilities. The matter required in depth understanding and analysis of both state and federal healthcare laws related to these types of facilities as well as to the accounts receivable of the provider.

Represented Bank as revolving collateral Agent and as co-lender in a $125,000,000 syndicated loan to both U.S. and Canadian borrowers. Matter involved expertise in the Federal Assignment of Claims Act and its equivalent under Canadian law with regard to Canadian government receivables. The matter also required the negotiation of a complex intercreditor agreement between the Bank and the term loan agent. We also analyzed and help structure the foreign exchange issues arising from the revolving funding.

Represented Bank in a purchase and refinancing of a $35,000,000 tax exempt issuance from a national chain of continuous care retirements communities. Matter involved expertise in tax, healthcare and in structuring the matter as tax exempt for the lender. We also added to the existing collateral pool a first mortgage on the borrower’s key real estate and revised and negotiated the amendments to the Master Trust Indenture.

Named "Lawyer of the Year," Banking and Finance Law, Los Angeles - Century City, Best Lawyers, 2017

Selected for inclusion in America's Leading Lawyers for Business, Banking and Finance, California, Chambers USA, 2011, 2013-2016

Fellow, American College of Commercial Finance Lawyers

Selected for inclusion in The Best Lawyers in America, Banking & Finance, Equipment Finance, Woodward/White, Inc., 2008-2017

Named to "Southern California Super Lawyers," Banking, Bankruptcy & Creditor/Debtor Rights, Super Lawyers, Thomson Reuters, 2006-2016

Selected for inclusion among "Top Counsel,” COUNSEL Magazine

Speaker, "Issues with Accounts Receivable as Collateral for Health Care," Health Care Lending Forum, Risk Management Association, December 10, 2012