Francis J. Quinn
Frank Quinn is a member of Windels Marx's transactional group and frequently represents commercial lending institutions in their national and regional lending activities, as well as local lenders who are active in both the New Jersey and New York markets.
Lending, Finance and the Banking Industry
Mr. Quinn's practice includes a broad spectrum of sophisticated commercial/corporate lending transactions with a primary focus of transactions emanating from the New York and New Jersey middle-market. In that connection, Mr. Quinn is well experienced in:
- corporate acquisition and recapitalization financings,
- capital asset acquisition facilities,
- working capital facilities,
- commercial mortgage transactions and
- tax-exempt structured finance matters.
His transactions include single bank deals, club-bank deals, as well as nationally syndicated transactions. His practice with respect to syndicated transactions includes representation of lead lenders, administrative agents, arranger/bookrunners and other capacities involved in the syndication process.
Mr. Quinn also provides advice on general banking law and the regulation of banks on issues arising from this transactional practice.
As a former in-house counsel to First Fidelity Bancorporation (Newark, NJ), Mr. Quinn is adept at understanding the transactional, regulatory and market-related pressures facing today's lenders.
Public, Not-For-Profit and Healthcare Finance
Mr. Quinn has also developed a particular skill in public finance, not-for-profit finance and healthcare finance for his institutional lending clients, including:
- liquidity and credit enhancement facilities,
- direct-pay letter of credit transactions,
- standby bond purchase facilities and
- direct purchases of tax-exempt bonds.
Workouts and Restructurings
Mr. Quinn's practice also includes loan work-out, restructuring transactions and other loan asset recovery assignment for his national and regional banking clientele.
Among his many notable engagements, Mr. Quinn has been lead counsel on the following matters:
- Representation of a lead lender and administrative agent in connection with a $200 million senior asset-based lite syndicated credit facility, and the lead arranger and bookrunner in connection with the loan syndication effort for a major wholesaler of women's sleeping apparel.
- Represented the senior lender on a $70 million multi-currency, multi-rate senior secured credit facility, which included the refinancing of an agented multi-bank credit facility in favor of a single bank structure, all in anticipation of an IPO of a portion of the company's ownership held by its founders and equity sponsors.
- Representation of lead lender and administrative agent in connection with a $50 million senior syndicated credit facility, as well as lead arranger in connection with the loan syndication effort for a world renowned trade organization and accrediting body for the electrical engineering profession.
- Representation of an agent bank, lead syndicator and collateral agent in connection with a transaction to provide credit enhancement for a $145 million in first mortgage bonds and $65 million in second mortgage bonds issued to finance the encapsulation and remediation of environmentally sensitive areas in the New Jersey Meadowlands for subsequent development into golf courses, a hotel and conference center, luxury "for-sale" housing, luxury apartment units and related environmental infrastructure.
- Representation of lead lender and administrative agent on a $125 million syndicated senior secured revolving credit facility for a major supermarket cooperative to support its warehouse facility expansion programs and other working capital needs.
- Representation of a major national banking institution in connection with a $50 million credit facility to finance various marine facility improvements and vessel construction and acquisition projects for a major marine construction and dredging operation and to support its working capital needs.
- Representation of a major regional bank in its direct-purchase of certain tax-exempt bonds issued by the New Jersey Economic Development Authority to finance the expansion of a CCRC/nursing home facility in central New Jersey.
- Representation of a major regional bank in its direct-purchase of certain tax-exempt bonds issued by the New Jersey Economic Development Authority to refinance a portion of taxable parity obligations issued under a master trust indenture structure for a major not-for-profit nursing home operator.
- Representation of an agent bank and lead lender on behalf of a syndicate of national and regional banks on an asset recovery matter and bankruptcy involving a failed redevelopment project in the New Jersey Meadowlands District financed through the issuance of tax-exempt and taxable bonds by various governmental agencies. Said recovery actions included successful dismissal of the bankruptcy petition, a Federal District Court action to recapture unexpended bond proceeds from the bond trustee and other project participants alleging claims against said trust funds, State court action to enforce various performance bonds for environmental remediation work, as well as a foreclosure action contested by state redevelopment authorities, performance bond companies, subordinate lenders and other project participants.
Professional Activities, Memberships & Accomplishments
Mr. Quinn is a frequent panelist and speaker on seminars related to various commercial lending matters. He is also a frequent outside contributor/instructor on internal training seminars arranged for the benefit of institutional clientele on various topics germaine to their commercial lending activities.
Mr. Quinn has served on the Executive Committee of the Essex County Bar Association's Banking Committee. He is a member of:
- New Jersey Bankers Association,
- Banking Law Section of the New Jersey State Bar Association,
- Business Law Section of the American Bar Association and
- New York State Bar Association.
Mr. Quinn has published several articles in trade journals, including the International Finance Law Journal and the New Jersey Law Journal, on various topics salient to his practice. While attending St. John's University School of Law, he was an editor of the St. John's Law Review.
FRANCIS J. QUINN
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New Brunswick, NJ