Private Credit

Experience

• Represented global electronics manufacturer as borrower of JPY33.5 billion senior secured term loan and $2 billion senior unsecured credit facility where the various pricing components are subject to whether the company achieves certain specified sustainability targets.
• Represented private equity firm as joint lead arranger in $1.6 billion senior secured credit facility to a technology company.
• Represented commercial bank as joint lead arranger in a $759 million first-lien credit facility to a health care company.
• Represented New York City-based investment manager as joint lead arranger in $540 million senior secured credit facility to a car wash equipment provider.
• Represented national bank as agent in multiple senior secured amended and restated credit facilities totaling $526 million to a manufacturer of fresh pet food.
• Represented financer of corporate growth as priority revolving lender in $515 million senior secured credit facility to a bar exam preparation service.
• Represented Chicago-based asset management firm as agent in $110 million senior secured credit facility and $500 million increase to notes to a technology company.
• Represented private equity firm as agent in and $440 million senior secured credit facility; $125 million senior secured, amended and restated credit facility; and $30 million increase to term loan to a health care company.
• Represented administrative agent, joint bookrunners and lenders in a $432 million senior secured credit facility to facilitate the leveraged buyout of a national and international sportswear manufacturer. Proceeds of the facility were used to consummate the acquisition, refinance existing debt, and provide ongoing working capital and funds for future acquisitions.
• Represented financial institution as lender of a $380 million senior secured credit facility to a financial services company.
• Represented investment platform as lender of $380 million first-lien credit facility to a logistics provider.
• Represented financial institution as agent in $335 million senior secured revolver to an aerospace and defense machining manufacturer.
• Represented specialty hospital as borrower of $325 million discretionary facility
• Represented commercial bank as agent in $315 million senior secured credit facility to a provider of funeral services.
• Represented market-leading commercial finance company as agent in $275 million first-lien credit facility to a retail ticket and bar code service.
• Represented investment platform as joint lead arranger in $240 million senior secured credit facility to a manufacturer of power systems.
• Represented joint lead arranger, joint bookrunner, syndication agent and lender in a $225 million senior secured credit facility to facilitate the leveraged buyout of a foreign-based, NASDAQ-listed designer and provider of client/server products for electronic payments. Proceeds were used to consummate the acquisition, refinance existing debt, and provide ongoing working capital and funds for future acquisitions. We also represented the administrative agent, joint lead arranger, joint bookrunner and lender in the refinanced credit facility, which facilitated the acquisition of a domestic developer and provider of money transfer and payments technology solutions.
• Represented administrative agent, joint bookrunners and lenders in a $185 million senior secured credit facility to facilitate the leveraged buyout of a national and international franchisor of several different concepts in the automobile aftermarkets. Proceeds of the facility were used to consummate the acquisition, refinance existing debt, and provide ongoing working capital and funds for future acquisitions.
• Represented seller in a $150 million commercial loan participation program structured as true sales of participations in secured commercial loans.
• Represented administrative agent, lead arranger, bookrunner and lenders in a $98 million senior secured credit facility to facilitate a dividend recapitalization to private equity owners of a multi-state restaurant concept with more than 1,250 franchised locations. Proceeds of the facility were used to finance the dividend, refinance existing debt, and provide ongoing working capital and funds for future expansion.