Represented various major commercial banks in subscription/capital call lines of credit and management fee lines of credit totaling over $1.5 billion, secured by capital call rights and all assets.
Represented the New York Yankees in the issuance of $1.5 billion in municipal tax-free and taxable bonds by the New York City Industrial Development Agency, which financed the lease and construction of the new Yankee Stadium. We drafted and negotiated the lease agreement for the new stadium, as well as ancillary real estate agreements pertaining to parking lots and garages; construction, demolition and insurance, and public transportation. We were also integrally involved in navigating the Yankees through the lengthy federal, state and local governmental permit and approval process.
Represented a national bank, as syndicate lender, in the NHL league-wide credit facilities consisting of a $990 million senior secured revolving credit facility and a $410 million delayed draw secured term loan facility.
Represented an alternative lender as administrative agent and as a lender in over $1 billion of secured credit facilities to providers of consumer and small business loans.
Represented global financial services firm as administrative agent and collateral agent in a $650 million senior secured credit facility to a leading coal producer and its affiliates.
Represented a leading regional sports network, as borrower, in amending and restating its senior secured term loan facility into a $625 million term loan facility. The proceeds were used for working capital purposes
Represented a leading regional sports network in amending and restating its senior secured credit facility into a $600 million term loan facility and a $60 million delay draw facility. The proceeds will be used to refinance existing indebtedness, redeem existing senior subordinated notes, and for working capital purposes.
Represented a special purpose entity affiliate of the National Football League's New York Jets and the New York Giants, in a complex public financing for MetLife Stadium that involved the New Jersey Economic Development Authority and local government.
Represented Citibank, as agent, in a $600 million term loan to certain affiliates of the Durst Organization secured by a blanket mortgage on six office buildings located in Manhattan. The term loan refinanced approximately $300 million of existing mortgage debt on three of the properties (including approximately $120 million outstanding to Citibank). The bank group also financed a $400 million revolving credit facility to the Durst Organization. The revolving credit facility is secured by pledges of economic and equity interests in the six mortgage borrowers and in two additional Durst affiliates, which affiliates own other office properties in Manhattan.
Represented a major commercial bank, as lead agent and lender, in a $538 million asset-based lending facility.
Represented a private company lender, as sole lender, in senior secured credit facilities totaling over $500 million secured by consumer loans, commercial loans, merchants cash advance receivables, participation interests, and other types of loans and receivables.
Represented a financial institution in a $500.0 million repurchase facility provided to companies engaged in the mortgage loan business, which facility was secured by mortgage loans and mortgage-backed securities (investment grade and non-investment grade).
Represented a regional sports network in a $450 million credit facility.
Represented a private bank, as letter of credit issuer and administrative agent, in a $100 million letter of credit facility; and as lender in a $325 million revolving credit facility, each to a trust, the proceeds of which are for working capital purposes. The facilities are cross-collateralized and secured by a combination of public company stock, diversified liquid assets and cash.
Represented a financial institution in a $425.0 million mortgage loan warehouse repurchase facility provided to a company engaged in the mortgage loan business, which facility was secured by mortgage loans and manufactured housing loans.
Represented a U.S. commercial bank in a $400 million syndicated revolving loan facility to a trust established by a major sports league to make further loans to participating clubs. The loan is secured by team revenues from league sponsored TV rights and other revenue sources on a non-cross collateralized team basis.
Represented client in a $300 million senior secured credit facility, consisting of a $35 million term loan, $65 million term loan, and a $200 million revolving credit facility with a letter of credit and swingline sub-facilities. Proceeds were used to refinance existing debt and for working capital purposes, including financing-permitted acquisitions.
Represented one of Florida’s largest condominium developers in a $300 million construction loan facility for eight condominium projects together with a corporate restructuring and a simultaneous $90 million buyout of a major joint venture partner.
Represented a major commercial bank, as administrative agent and as a lender, in a $300 million amended and restated secured syndicated, multi-currency revolving credit facility to a trust established under the laws of the Island of Jersey and a high net worth individual. The credit facility was secured by museum quality, fine artworks.
Represented a major commercial bank, as sole lender, in a $280 million secured revolving credit facility to a trust created under the laws of the Island of Jersey and an affiliate of a prominent Israeli company, secured by restricted stock of a public company.
Represented major financial institution, as a lender, in a $275 million syndicated secured revolving credit facility to the owner of a National Basketball Association franchise.
Represented financial services corporation, as administrative agent and lender, in a $250 million syndicated unsecured revolving credit facility to a provider of human resources, payroll and benefits outsources, as borrower, and several of its subsidiaries as guarantor.
Represented major financial institution, as a lender, in a $250 million syndicated secured revolving credit facility to the owner of a National Hockey League franchise.
Represented a major commercial bank, as administrative agent and as a lender, in amending a $225 million credit facility (consisting of term loans and revolving loans) provided to the owner of a Major League Baseball franchise.
Represented a major regional sports network in a $200 million syndicated term loan facility and related joint venture matters with its two major cable television joint venture partners.
Represented a leading regional sports network in the redemption of senior subordinated notes in the principal amount of $250 million and in the issuance of new senior subordinated notes in the principal amount of $200 million.
Represented a major commercial bank, as administrative agent and as a lender, in a $150 million unsecured, multi-currency, syndicated revolving credit facility to companies engaged in payroll processing.
Represented a U.S. commercial bank, as a syndicate lender, in a $150 million senior secured revolving credit facility to an NHL franchise. The proceeds are to be used for legal purposes, consistent with the NHL Constitution.
Represented a major private bank in a $115 million secured lien of credit to a Bahamian company guaranteed by a Bahamian trust and a high-net-worth Saudi Arabian individual.
Represented Emmes Asset Management Company in connection with a joint venture with the investment arm of a major university system and the $100 million acquisition of a prominent Class A office building in Irvine, California. The transaction also included a multi-million dollar investment by a Japanese corporation investing in U.S. property for the first time.
Represented major commercial bank, as administrative agent and as a lender, in a $100 million syndicated, unsecured revolving credit facility to a bank holding company.
Represented a private bank as a facility agent in a $100 million credit facility to an Israeli company that owns interests in financial institutions, real estate and infrastructures, sustainable investments, technology and industrial activity. The company used the proceeds to finance outstanding loans and for working capital purposes. The transaction was structured to minimize withholding taxes required under Israeli law and to allow for additional lenders.
Represented a major commercial bank, as administrative agent and as a lender, in an $85 million syndicated, senior secured revolving asset-backed credit facility to a company engaged in the office and steel case equipment dealer business.
Represented a major commercial bank, as sole lender, in an $80 million mezzanine revolving credit facility to entities owned indirectly by a prominent public figure, which entities indirectly owned real properties.
Represented a commercial bank, as administrative agent, issuing bank and lender, in amending and restating an existing syndicated, senior secured asset-based credit facility to a company engaged in the apparel business, into an $80 million asset-based credit facility. The proceeds will be used for working capital purposes.
Represented a financial institution in a $60.0 million warehouse repurchase facility provided to a company engaged in the auto receivables business, which facility was secured by auto receivables.
Represented a major financial institution, as second lien administrative agent and as a lender, in a $50 million second lien receivables revolving facility to a special purpose vehicle of leading U.S. educational publisher.
Represented a U.S. commercial bank, as a sole lender, in a $50 million senior secured revolving credit facility to owners of an MLB franchise. The proceeds are to be used for working capital purposes.
Represented a major private equity fund in a $50 million joint venture with respect to the development and financing of real estate projects primarily in New Jersey.
Represented a commercial bank as a participant in a $50 million credit facility secured by artworks.
Represented a major commercial bank, as sole lender, in a $46 million secured revolving credit facility to a not-for-profit.
Represented a major commercial bank, as administrative agent and as a lender, in a $45 million secured revolving credit facility to the owner of a National Football League franchise.
Represented a major commercial bank, as sole lender, in a $40 million unsecured revolving loan facility to the owner of a National Hockey League franchise.
Represented a major commercial bank, as sole lender, in a $40 million unsecured term loan facility to a company primarily engaged in the insurance business.
Represented a major commercial bank, as sole lender, in a $30.0 million secured revolving credit, term loan and letter of credit facility to a major developer of privatized military housing for the U.S. Army and Air Force.
Represented a major commercial bank, as sole lender, in a $25 million secured revolving credit facility to an insurance holding company.
Represented a major commercial bank, as administrative agent and as a lender, in an approximately $25 million syndicated, secured asset-backed term loan credit facility to a company engaged in the business of bottling and distributing branded soft drinks and which is a division of one of the largest private bottlers in the United States.
Represented a major commercial bank, as sole lender, in a $25 million secured advised line of credit to a Bermuda reinsurer and an affiliate of a publicly traded, multinational insurance company.
Represented a major commercial bank, as sole lender, in a $20 million secured line of credit to a trust beneficially owned by a high-net-worth individual, and a related company. The facility is secured by marketable securities and restricted stock.
Represented a private bank in a $16 million revolving credit facility secured by thirteen works of art.
