Major Commercial Bank – $40 Million Unsecured Revolving Loan Facility
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.
Matters
Major Commercial Bank – $280 Million Secured Revolving Credit Facility
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.
Major Commercial Bank – $46 Million Secured Revolving Credit Facility
Represented a major commercial bank, as sole lender, in a $46 million secured revolving credit facility to a not-for-profit.
Major Commercial Bank – $25 Million Secured Revolving Credit Facility
Represented a major commercial bank, as sole lender, in a $25 million secured revolving credit facility to an insurance holding company.
Major Commercial Bank – $25 Million Secured Advised Line of Credit
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.
Major Commercial Bank – $40 million Unsecured Term Loan Facility
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 Major Commercial Bank in Amending and Extending Syndicated, Unsecured Revolving Credit Facility
Represented a major commercial bank as administrative agent, as a letter of credit issuer and as a lender, in amending and extending an existing $250.0 million syndicated, unsecured revolving credit facility to a company and its affiliates that provides human resources, payroll and benefits outsourcing capabilities.
Represented Major Financial Institution in a Master Repurchase Agreement with an Incremental Facility
Represented a major financial institution, as buyer, in a Master Repurchase Agreement with a real estate fund, as seller, in an amount of $100.0 million with an incremental facility up to an additional $100.0 million. The asset classes subject to the repurchase transactions are performing or non-performing commercial loans secured by real estate consisting of residential multi-family or apartment rental properties, assisted and independent living facilities, memory care facilities, and skilled nursing facilities.
Represented Private Credit Fund in Connection with Amending and Restating Subordinate Secured Credit Facility
Represented a private credit fund, as administrative agent, collateral agent and lender, in connection with amending and restating a $98.0 million subordinate secured credit facility to a borrower and its related entities in the business of arranging or originating small consumer loans, and amending and restating an existing intercreditor arrangement.
Represented Private Bank of a Major Financial Institution in Connection to Adding New Artworks as Collateral to Line of Credit Facility
Represented a private bank of a major financial institution, as sole lender, in connection with amending, extending and adding new artworks as collateral to an existing $65.0 million secured line of credit facility to a trust formed under the laws of a province in Canada, which facility is secured by 60 artwork pieces located primarily in various provinces in Canada.
Yellowstone Real Estate Investments – Issuance of Unsecured Bonds on TASE
Represented Yellowstone Real Estate Investments in issuing unsecured bonds on the Tel Aviv Stock Exchange, raising approximately $200 million.
Investment Advisory/Property Management Co – Secured Line of Credit
Represented a real estate investment advisory and property management company in a multi-million dollar secured line of credit provided by a bank syndicate.
Baseball Franchise – Term Loan Facility
Represented a major league baseball franchise in a $4 million unsecured term loan facility provided by a national bank. The proceeds will be used to pay various fees and expenses related to the facility and to finance certain projects.
$625 Million Secured Term Loan Facility
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
Private Client – $300 Million Senior Secured Credit Facility
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.
Term Loan and Revolving Credit Facilities
Represented the owner and operator of a major league baseball franchise in amending and extending its existing $250 million syndicated senior secured credit facilities, consisting of a $200 million term loan facility and a $50 million revolving credit facility.
Legends Hospitality – Senior Secured Credit Facility
Represented Legends Hospitality in a $225 million senior secured credit facility, consisting of a $40 million term loan, a $35 million term, and a $150 million revolving credit facility. The proceeds were used to refinance existing debt and will be used for the construction and build-out of the observation deck at the new World Trade Center in New York.
Syndicated Lender – $1.4 Billion NHL Credit Facility
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.
Secured Term Loan
Represented the holding company of a minor league base baseball team in a multi-million dollar secured term loan.
Major League Baseball Franchise – Senior Secured Credit Facility
Represented a major league baseball franchise in a $250 million senior secured credit facility consisting of a $200 million league term loan facility and a $50 million revolving credit facility. The proceeds were used to make a dividend payment to parent to repay existing facility and to pay fees and expenses.
U.S. Bank – $300 Million Syndicated Credit Facility
Represented a U.S. bank, as administrative agent and lender, in a $300 million secured syndicated revolving credit facility to a high-net-worth individual and an offshore trust. The credit facility is secured by museum quality, fine artworks and is guaranteed by a trust and a BVI entity. Proceeds of the credit facility are to be used to finance investments.
Legends Hospitality – One World Trade Center Observatory
Represented Legends Hospitality in the development and operation of the observation deck at the top of One World Trade Center.
$400 Million Syndicated Revolving Loan Facility
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.
$16 Million Revolving Credit Facility
Represented a private bank in a $16 million revolving credit facility secured by thirteen works of art.
Israel Discount Bank – Syndicated Credit Facility
Representation of Israel Discount Bank of New York as administrative agent and lender, in connection with a senior secured syndicated credit facility to a triple A minor league baseball team.
Lehman Brothers – Receivables Financing
Representation of Lehman Commercial Paper, as agent, in an amended and restated $140 million multiple draw term loan receivables funding facility for a special purpose vehicle of a leading U.S. publishing company and successful payout and termination.
Syndicated Loan Facility
Represented a major financial institution, as administrative agent and lender, in providing a $51 million senior secured credit facility - consisting of a term loan facility and a revolving facility with a sublimit for letters of credit - to a Delaware corporation that provides services and products to medical practices specializing in infertility and vein disorders. We negotiated limited security agreements with a large number of medical practices to use certain accounts receivable payable to the practices to secure the loan.
Regional Sports Network – $630 Million Credit Facility
Represented a leading regional sports network and franchise in the negotiation and closing of $630 million senior secured credit facility.
Secured Term Loan
Represented a major financial institution in a term loan to a New York art gallery. The loan was secured by all the gallery's assets, as well as artworks from the gallery owner's personal collection.
Stillwater Capital Partners – Acquisition of Assets by Public Shell
Represented Stillwater Capital Partners, Inc., in the sale of all the assets, liabilities and investment portfolios of various private investment funds to Gerova Financial Group, Ltd. (formerly Asia Special Situation Acquisition Corp.), a publicly held special purpose acquisition company organized in the Cayman Islands.
Legends Hospitality – Senior Secured Credit Facility
Represented Legends Hospitality, LLC and Legends Premium Sales, LLC in connection with their senior secured credit facility consisting of a term loan and a revolving credit facility with a letter of credit and swing line subfacilities. Legends Hospitality provides sports and entertainment venues with food, beverage, merchandise and other hospitality services.
Credit Facility Restructuring
Represented a U.S. commercial bank in restructuring a $20 million credit facility for a prominent restaurant chain.
$425 Million Credit Facilities
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.
Financial Institution – Insurance Company
Representation of a major financial institution as the sole lender in a $40 million unsecured term loan facility to an insurance company. The term loan’s proceeds were used to finance the purchase of the business insurance unit of another insurance company and the capital stock of several entities of such other insurance company.
Israel Discount Bank – New York Giants Financing
Representation of Israel Discount Bank as administrative agent and as a lender in amending an existing secured revolving credit facility to New York Football Giants, Inc. to increase the facility's size to $45 million. The loan's proceeds will be used for working capital purposes.
Legends Hospitality – Joint Venture Formation
Represented Legends Hospitality LLC - a joint venture among the Yankees, Dallas Cowboys and two private equity firms—in setting up business operations (which include running concession services at stadiums, arenas and other large venues), obtaining necessary permits and authorizations in New York, New Jersey, Pennsylvania, Texas and Florida, and protecting the company's intellectual property rights.
Plainfield Asset Management – Credit Facility
Representation of Plainfield Asset Management in amending an existing credit facility for Wyoming Entertainment, LLC. The deal required us to add a significant delayed draw term loan facility, extend the payment-in-kind feature and add a subsidiary as a guarantor.
Lehman Brothers – 2nd Lien Receivables Financing
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.
Secured Term Loan Credit Facility
Represented a U.S. commercial bank, as administrative agent and lender, in a $25 million syndicated, secured term loan credit facility to a soft drink bottling and distributing company. The proceeds of the term loan were used to build out existing production facilities and working capital purposes.
Private Bank – Not-For-Profit
Representation of a major private bank in a $30 million unsecured revolving credit facility to a not-for-profit company that is dedicated to providing services to public schools.
Commercial Lender – Airport Concessionaire Financing
Representation of a commercial lender in a $20 million senior secured revolving credit facility (with a sub-limit for letters of credit) to an operator of food concessions (restaurants, bars and food courts) at airports including JFK, LaGuardia, Boston and O'Hare. The borrower used the proceeds of the facility to refinance existing debt and for working capital purposes.
Commercial Bank – Medical Services Company Financing
Representation of a commercial bank as the sole lender in a $35 million senior secured credit facility (consisting of a $25 million term loan facility and a $10 million revolving facility with a sub-limit for letters of credit) to a company that provides services and products to medical practices that specialize in the infertility industry and varicose veins industry. The borrower's services including finance, administration, information systems, marketing and research. The borrower will use the proceeds to finance the acquisition of a varicose vein clinic company, to refinance and repay existing debt, and for working capital purposes.
Private Bank – $100 Million Credit Facility
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.
Investment Bank – $835 Million Credit Facility
Representation of an investment bank as administrative agent and collateral agent, and its international securities affiliate as sole syndication agent, sole lead arranger and sole book manager, in connection with an $835 million senior secured replacement credit facility to a company engaged in producing coal. (Prior firm experience)
Internet Florist – $135 Million Credit Facility
Representation of an international, internet-based florist in obtaining a $135 million ($85 million of which was a term loan and $50 million of which was a revolving facility) secured syndicated credit facility to finance an acquisition. (Prior firm experience)
Investment Banks – $1.6 Billion Credit Facility
Representation of two investment banks as joint lead arrangers, and affiliates of the banks as administrative agent, in connection with a $1.6 billion senior secured syndicated credit facility to companies engaged in the transportation, storage, gathering, processing and distribution of natural gas, to finance an acquisition. (Prior firm experience)
Investment Bank – $2.5 Billion Credit Facility
Representation of an investment bank, as administrative agent, letter of credit issuer, swing line lender and lender, and its securities affiliate, as joint lead arranger, in connection with a $2.5 billion ($2 billion multicurrency revolving and a $500 million term) senior unsecured credit facility to a company engaged in the building and consumer products businesses, to refinance an existing credit facility. (Prior firm experience)
Investment Banks – $2.725 Billion Credit Facility
Representation of a syndicate of international investment banks as administrative agent, lender, and joint lead arrangers, in connection with a $2.725 billion senior secured syndicated credit facility to a company engaged in the gaming and casino business, to finance an acquisition. (Prior firm experience)
Investment Bank – $350 Million Credit Facility
Representation of an investment bank, as administrative agent and as a lender, in connection with a $350 million second lien secured syndicated term loan credit facility to a company engaged in the gaming and casino business, to finance an acquisition. (Prior firm experience)
International Bank – $110 Million Credit Facility
Representation of an international bank focusing on Asia, Africa and the Middle East as administrative agent and as a lender in connection with an increase of commitments in, and amendments to, a $110 million senior secured asset-based syndicated credit facility to subsidiaries of a company engaged in the scrap metal business. (Prior firm experience)