Jeffrey K. Browning Partner

Experience

Agribusiness

• Representation of agent and lead lender in $260 million secured revolving facility to tomato processor, canner and distributor of tomato products.
• Representation of agent and lead lender in $125 million secured revolving facility to tomato processor, canner and distributor of tomato products.
• Representation of lender in $30 million secured revolving facility to processor, packer and distributor of almond products.
• Representation of lender in $61 million revolving credit facility to an integrated poultry grower, processor and distributor.
• Representation of lender in $103 million secured revolving and term credit facilities for international grain and feed by-products distributor.

General

• Counsel to agent in connection with $200 million syndicated, secured credit facilities to a waste collection company, which credit facilities include sub-facilities for letters of credit to support tax-exempt bonds and the direct purchase of tax-exempt bonds.
• Counsel to letter of credit issuer in connection with the issuance of $21 million secured letter of credit issued to support taxable bonds issued in connection with the acquisition of a commercial real estate property.
• Letter of credit counsel to letter of credit issuer in connection with the issuance of $31 million letter of credit issued under a syndicated, secured credit agreement, which letter of credit was issued to support tax-exempt bonds issued to facilitate the financing of a cogeneration facility.
• Counsel to lender in connection with re-documentation related to $30 million aggregate secured credit facilities to wine production company related to organizational reorganization.
• Counsel to lender in connection with $70 million secured term loan to diversified company to finance equity buyout of joint venture partner in real estate development project.

Healthcare Institutions

• Counsel to lender in connection with $75 million master trust indenture secured revolving line of credit to a hospital system.
• Counsel to purchaser in connection with master trust indenture secured direct purchase of $65 million of tax-exempt bonds issued for the benefit of a hospital system.
• Counsel to purchaser in connection with master trust indenture secured direct purchase of $42 million of tax-exempt bonds issued for the benefit of a continuing care retirement community.
• Counsel to lender in connection with $100 million master trust indenture secured, term loan to a hospital system.
• Counsel to letter of credit issuers in connection with issuance of master trust indenture secured letters of credit in an aggregate stated amount of approximately $100 million issued to support tax-exempt bonds issued for the benefit of a hospital system.

Higher Education and Other Nonprofit Institutions

• Counsel to lender in connection with $300 million unsecured liquidity facility to support variable rate debt of a large public university.
• Counsel to bank purchaser in connection with unsecured direct purchase of $13 million of tax-exempt bonds issued for the benefit of a private not-for-profit university.
• Counsel to bank in connection with secured standby bond purchase agreement to support $29 million of tax-exempt bonds issued for the benefit of a private not-for-profit university.
• Counsel to lender in connection with $50 million unsecured revolving line of credit to a large private not-for-profit university.
• Counsel to bank purchaser in connection with secured direct purchase of $10 million of tax-exempt bonds issued for the benefit of a not-for-profit social organization.
• Counsel to lender in connection with $11 million unsecured term loan to a private for-profit university.