Media Mention
Borrowers Press for Eased Covenants
December 14, 2012 -- Commercial Mortgage Alert
Herrick, Feinstein Partner John St. Jeanos is quoted in an article about the growing pressure by borrowers to have commercial banks negotiate lender protection clauses. Mr. St. Jeanos said, “Even though the economy in some people’s eyes may not be materially better, as competition increases you are going to see some lenders more willing to negotiate.”
December 14, 2012 -- Commercial Mortgage Alert
Herrick, Feinstein Partner John St. Jeanos is quoted in an article about the growing pressure by borrowers to have commercial banks negotiate lender protection clauses. Mr. St. Jeanos said, “Even though the economy in some people’s eyes may not be materially better, as competition increases you are going to see some lenders more willing to negotiate.”
Media Mention
You Violated a Loan Covenant. Now What?
March 16, 2010 -- MSN Business on Main
Bruce Levine describes the three kinds of loan covenants, and analyzes how lenders and borrowers can work together to keep borrowers from defaulting. Part of that, he says, is having a realistic plan and showing the bank that circumstances are likely to improve.
March 16, 2010 -- MSN Business on Main
Bruce Levine describes the three kinds of loan covenants, and analyzes how lenders and borrowers can work together to keep borrowers from defaulting. Part of that, he says, is having a realistic plan and showing the bank that circumstances are likely to improve.
Media Mention
Strategic Thinking for the Mezzanine Lender
October 30, 2009 -- ReutersTV
Paul Rubin discusses the challenges that mezzanine lenders confront in the real estate market today and strategies they can adopt to maximize their returns.
October 30, 2009 -- ReutersTV
Paul Rubin discusses the challenges that mezzanine lenders confront in the real estate market today and strategies they can adopt to maximize their returns.
Media Mention
Hicks creditors look for response from NHL
August 17, 2009 -- Sports Business Journal
In a story about how creditors of the Dallas Stars are seeking repayment of loans they made, Irwin Kishner notes that most professional sports leagues' debt policies forbid creditors from taking over franchises in mid-season.
August 17, 2009 -- Sports Business Journal
In a story about how creditors of the Dallas Stars are seeking repayment of loans they made, Irwin Kishner notes that most professional sports leagues' debt policies forbid creditors from taking over franchises in mid-season.
Media Mention
CIT Expects Loss of $1.5 Billion, May Seek Bankruptcy
July 21, 2009 -- Bloomberg News
CIT's acknowledgement in regulatory filings that it might have to seek bankruptcy protection despite an agreement with bondholders is to be expected because of securities regulations and concerns on the part of analysts, Rick Morris tells Bloomberg.
July 21, 2009 -- Bloomberg News
CIT's acknowledgement in regulatory filings that it might have to seek bankruptcy protection despite an agreement with bondholders is to be expected because of securities regulations and concerns on the part of analysts, Rick Morris tells Bloomberg.
Media Mention
Gov Considers Many Scenarios with Bailout Tools
October 10, 2008 -- GlobeSt.com
This article quotes Gary Eisenberg on the possible pitfalls and shortcomings of the government's $700 billion rescue of the financial services industry.
October 10, 2008 -- GlobeSt.com
This article quotes Gary Eisenberg on the possible pitfalls and shortcomings of the government's $700 billion rescue of the financial services industry.
Media Mention
Instruments of Finance -- And Confusion
September 28, 2008 -- The Star-Ledger
Stephen Selbst is quoted in a front-page story on issues related to the $700 billion bailout/rescue -- what the fund's prospectus would look like, and the skepticism it would trigger, if there were a prospectus.
September 28, 2008 -- The Star-Ledger
Stephen Selbst is quoted in a front-page story on issues related to the $700 billion bailout/rescue -- what the fund's prospectus would look like, and the skepticism it would trigger, if there were a prospectus.
Media Mention
Citigroup Buys Parts of a Troubled Mortgage Lender
September 3, 2007 -- The New York Times
This story discusses the purchase by Citigroup -- which Herrick represented -- of a mortgage lender that had announced it was ceasing operations.
September 3, 2007 -- The New York Times
This story discusses the purchase by Citigroup -- which Herrick represented -- of a mortgage lender that had announced it was ceasing operations.
Media Mention
Distressful Opportunities
February 20, 2006 -- Barron's
Scott Tross is quoted in a story that examines how delinquent and defaulted commercial loans are purchased by funds and opportunistic investors.
February 20, 2006 -- Barron's
Scott Tross is quoted in a story that examines how delinquent and defaulted commercial loans are purchased by funds and opportunistic investors.
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