Steven is a finance attorney with nearly 20 years of experience representing banks, financial institutions and farm credit lenders in connection with syndicated senior credit facilities, particularly in large and middle market leveraged and investment grade transactions.
He has represented administrative agents, lead arrangers and syndicate lenders in a variety of matters across loan structures and products, including underwritten and best efforts transactions, pro rata and institutional term loans, leveraged recapitalizations, acquisition financings, working capital facilities and facilities secured by pools of real estate. Steven’s industry experience is broad and includes consumer & retail, agriculture, engineering & construction, utilities, manufacturing & general industries, and technology.
Steven’s clients appreciate his knowledge of the market and his practical and commercial approach to lending transactions.
- Representation of a leading financial institution, as administrative agent, in a multi-currency senior secured credit facility exceeding $5 billion for a major international beverage manufacturer, including a revolver and pro rata and institutional term loans.
- Representation of a leading financial institution, as administrative agent, in connection with senior credit facility exceeding $2.5 billion for an engineering and construction contracting company, to fund an underwritten acquisition in the renewable infrastructure sector.
- Representation of a leading financial institution, as administrative agent, in connection with a $1.3 billion multi-currency senior secured credit facility used for international acquisitions, for a major food manufacturer, including a revolver and term loans.
- Representation of a leading financial institution, as administrative agent, in connection with a senior secured credit facility exceeding $700 million used for a sponsor-related underwritten acquisition of a franchised restaurant business, including a revolver and institutional term loans.
- Representation of a leading farm credit institution, as lead arranger, in connection with more than $1.5 billion in incremental term loan tranches for a major company in the animal health industry.
- Representation of a leading farm credit institution, as administrative agent, in connection with a senior secured credit facility exceeding $600 million for a branded agricultural products company, involving a significant amount of real estate.
- Representation of a leading financial institution, as administrative agent, in connection with a $2 billion multi-currency senior secured credit facility for a global energy management company.
- Representation of a leading financial institution, as administrative agent, in connection with a senior secured facility exceeding $400 million to a major beverage distribution company, involving multiple brand acquisitions.
- Representation of a leading financial institution, as administrative agent, in connection with a senior credit facility exceeding $1.9 billion to a major convenience store operator, including an incremental loan used to fund an over $1.1 billion acquisition.
- Representation of a leading financial institution, as administrative agent, in connection with a real estate secured term loan facility exceeding $540 million used to finance an acquisition in the automotive dealership industry.
- Representation of a middle-market private equity firm in connection with various acquisition-related financings in the consumer & retail industry.
Insights
- Author, End of the Road: Federal Reserve Issues Guidance for Winding Down Main Street Lending Program, McGuireWoods Legal Alert, November 25, 2020
- Author, Main Street Lending Program Opens to Nonprofits, Multiborrower Loans, McGuireWoods Legal Alert, November 12, 2020
- Author, Federal Reserve Extends, Expands Main Street Lending Program, McGuireWoods Legal Alert, July 31, 2020
- Author, Federal Reserve Updates Main Street Lending Program Guidance Following Launch, McGuireWoods Legal Alert, July 17, 2020
- Author, Main Street Lending Program Now Open, McGuireWoods Legal Alert, July 6, 2020
- Author, Federal Reserve Opens Main Street Lending Program to Lenders, Releases Nonprofit Proposals, McGuireWoods Legal Alert, June 18, 2020
- Author, Federal Reserve Tweaks Terms of Main Street Lending Program Ahead of Launch, McGuireWoods Legal Alert, June 12, 2020
- Author, Main Street Lending Program: (Almost) Open for Business, McGuireWoods Legal Alert, May 29, 2020
- Author, Federal Reserve Expands Scope of the Main Street Lending Program, McGuireWoods Legal Alert, May 1, 2020