Herrick, Feinstein LLP: Experience: Matters: Lehman Brothers

experience: matters

Corporate
Commercial Lending
Asset-Based Lending

Financial Services

Irwin A. Kishner
Eric A. Stabler
David R. Hoffman

Lehman Brothers - 2nd Lien Receivables Financing
2009

Representation of Lehman Commercial Paper in closing a multi-million dollar, second-lien receivables funding for a special purpose vehicle subsidiary of a leading U.S. educational publishing group. In addition to documenting the loan facility, we negotiated an intercreditor agreement with the first lien lender of an existing $350 million receivables funding agreement.