Middle-Market Lending



We have extensive experience representing lenders in middle-market transactions in a wide range of industries, including:

  • manufacturing;
  • consumer electronics;
  • technology;
  • marine transportation and shipbuilding;
  • commercial and corporate aviation;
  • trucking;
  • electric generation and transmission;
  • telecommunications;
  • biotechnology;
  • metals trading;
  • chemical processing;
  • paper manufacturing;
  • apparel; and
  • retail.

Representative Matters

  • Represented the agent bank 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.
  • 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.
  • Represented 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 support its working capital needs.
  • Represented a notable lender in a $45 million five-year senior secured revolving credit facility with a letter of credit sublimit, extended by a major financial institution to an importer of chemical substances and its European subsidiaries, to refinance existing debt and finance working capital needs, including the acquisition and shipment of inventory (the facility has a Eurodollar pricing option and a full set of covenants, including financial covenants).
  • Represented the agent bank in a $22.5 million revolving credit and term loan facility to recapitalize a for-profit educational institution with several campuses and provide working capital.
  • Represented a notable lender in a $14.9 million four-year senior secured revolving credit facility (with letter of credit sublimit), term loan and capex line extended by a major financial institution to a producer of nuts, dried fruit and confections to refinance existing debt and finance working capital needs and capital expenditures (the facility had a Eurodollar pricing option and a full set of covenants, including financial covenants).
  • Represented a money center bank, in connection with a $14 million secured revolving credit and term loan facility to a leading professional services company to provide working capital and finance leasehold improvements.
  • Represented a notable lender in a $12 million three-year senior secured revolving credit facility with a letter of credit sublimit, extended by a major financial institution to an importer of chemical substances to refinance existing debt and finance working capital needs, including the acquisition and shipment of inventory (the facility had a Eurodollar pricing option and a full set of covenants, including financial covenants).
  • Represented a notable lender in a $10 million three-year senior secured revolving credit facility with a letter of credit sublimit, extended by a major financial institution to a publicly traded information technology company to refinance existing debt and finance working capital needs (the facility had a Eurodollar pricing option and a full set of covenants, including financial covenants, and required the negotiation of separate intercreditor arrangements with several existing creditors).
  • Represented a regional bank in connection with a $10 million revolving credit facility to a midsize document management and storage company.
  • Represented a notable lender in a $9 million five-year senior secured revolving credit facility with a letter of credit sublimit, extended by a major financial institution to a jewelry retailer to refinance existing debt and finance working capital needs and the opening of new store (the facility had a Eurodollar pricing option and a full set of covenants, including financial covenants).




MIDDLE-MARKET LENDING LAWYERS


Partners

MICHELE ARBEENY 
MICHAEL J. CLAIN 
ANTHONY R. COSCIA 
PATRICK M. DEYHLE 
TINA J. GAGLIANO 
HOWARD P. LAKIND 
JEANINE T. MARGIANO 
KEVIN T. MCNAMARA 
MICHAEL M. MORIARTY 
FRANCIS J. QUINN 
ROBERT A. ROSSI 

Special Counsel

JAMES J. PASTORE 

Counsel

ERIC W. BRUENNER 

Associates

PATRICIA K. PEREZ 
ALAN W. STAUBER