Corporate Finance & Syndicated Lending

Experience

We represent numerous lenders that provide credit to large, generally publicly held, companies involved in industries ranging from regulated public utilities, telecommunications, and energy exploration, to manufacturing, farming, distribution, business services, and retail. Our corporate finance attorneys have extensive experience structuring, negotiating, and documenting a wide variety of credit structures, including:

• secured and unsecured term loans and revolvers;
• syndicated, co-lender and single-bank credit facilities;
• credit enhancement and liquidity facilities;
• financial asset warehousing facilities;
• equipment finance;
• project finance;
• acquisition financing;
• multi-currency facilities;
• letter of credit facilities;
• bond and note financings;
• loan and risk participations; and
• swaps and other hedging arrangements.

Representative Matters

• Represented a major international bank, in connection with a $500 million revolving credit facility to the financing arm of a major foreign auto manufacturer.
• Represented a Canadian lender on a $325 million multi-currency revolving credit facility with a $100 million potential increase at the anniversary date, for a maximum available credit amount up to $425 million (the borrower had assets across four countries: Canada, the U.S., the Netherlands and Germany).
• Represented a prominent national bank as agent and lead lender in a syndicated loan to partially finance the acquisition by a heavy equipment dealer of a neighboring dealer, creating one of the largest heavy equipment dealers in the Northeast.
• Represented a foreign bank, in connection with a $250 million line of credit to a large broker-dealer.
• Represented a leading lender as agent's counsel in connection with a $200 million senior asset-based lite syndicated credit facility, and served as counsel to the lead arranger and bookrunner in connection with the loan syndication effort, which resulted in the successful arrangement of credit commitments from seven separate lenders in an amount that far exceeded the necessary commitments.
• Represented a prominent national bank, serving as lender and agent, in connection with a $141.7 million syndicated credit facility to a joint venture consisting of two national insurance companies and a major regional real estate developer for the construction of a 451-unit apartment project located in Fort Lee, NJ.
• Represented a prominent national bank, serving as lender and agent, in connection with a $120 million syndicated credit facility to a joint venture consisting of subsidiaries of a publicly-traded national home builder and a publicly-traded worldwide provider of professional, technical, and management support services for commercial and government clients, for the construction of a 417-unit, 38-story apartment building containing ground floor retail located in Jersey City, NJ.
• Represented a prominent national bank, serving as lender and agent, in connection with a $116.4 million syndicated credit facility to a joint venture consisting of a national insurance company and a major regional real estate developer for the construction of a 507,000 square foot office building in Hoboken, New Jersey to be leased by a national educational products company.
• Represented a prominent national bank, serving as lender and agent, in connection with a $100 million syndicated credit facility to a joint venture consisting of two major regional real estate developers for the construction of a 337,000 square foot office building in Newark, NJ to be leased by a global electronics company.
• Represented a prominent national bank, serving as lender and agent, in connection with a $91 million syndicated credit facility with an interest rate swap to a major regional real estate developer and secured by a ground lease for a 581,000 sq. ft. office complex located in Florham Park, NJ.
• 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 prominent national bank, serving as lender and agent, in a $64 million syndicated construction loan for phase one of The Crossings at Brick Church Station (East Orange, NJ). 
• Represented a prominent national bank, serving as lender and agent, in connection with syndicated credit facilities aggregating $61.5 million to a major regional real estate developer, for the construction of a 13-story, 240 unit luxury condominium building containing ground floor retail located in Jersey City, NJ.
• Represented a leading lender as agent's counsel in connection with a $50 million senior syndicated credit facility, and served as lead arranger in connection with the loan syndication effort.
• Represented a major national banking institution, in connection with a $50 million senior unsecured multi-currency revolving credit facility for a major domestic defense contractor used to support the performance bonding needs of its operations.
• Represented a prominent bank, serving as lender and agent, in connection with an amendment to a $12 million revolving credit and security agreement with the borrower, a chemical and plastics importer and distributor, to allow for a separate supply chain financing facility for the borrower with an international bank, including related intercreditor agreements.
• Represented a prominent bank in a $9 million senior secured term loan to refinance a company that is engaged in the development of traditional stand alone restaurants.
• Represented a prominent bank in an $8 million revolving credit and term loan facility to refinance a company that partners with hospitals to build and develop wound and hyperbolic centers. The team is proud to have closed this transaction in nearly one month from the date of credit approval, while having negotiated terms favorable to the bank.
• Represented a leading bank, as lender, in connection with a $1.5 million revolving credit facility to the borrower, an operator of a day camp, secured by all assets of the borrower with secured guaranties of certain of its affiliates and guaranties from the principals of the borrower, and a $4 million term loan to certain affiliates of the borrower, secured by all of their assets, including five parcels of real property owned by such affiliates.