Matters

Ownership Transfer – Pimlico Race Course

Represented Maryland Thoroughbred Racetrack Operating Authority in the transfer of ownership of Pimlico Race Course from The Stronach Group to the State of Maryland. "The historic agreement guarantees the home of the Preakness Stakes in Baltimore, establishes Pimlico as the year-round home of thoroughbred racing in Maryland, and creates a year-round hub of economic activity in Baltimore’s Park Heights community."

Terms under the master agreement include the transfer of ownership of Pimlico and ensures full renovation of Pimlico facilities, including the racetrack and hotel and event space construction. The agreement also includes the transfer of rights to the Preakness Stakes to the Maryland Thoroughbred Racetrack Operating Authority through a long-term licensing agreement.

Resources

Press Release

Represented Avenue Sports Fund in Pickleball Investment

Represented Avenue Sports Fund, an affiliate of Avenue Capital Group, respecting its equity investment in an owner and operator of pickleball facilities.

Long Term Multimedia Rights Agreement – Florida State University Athletics and Legends

Assisted Legends with respect to a 10-year multimedia rights partnership with Florida State University Athletics that expands the relationship between FSU Athletics and Legends. In addition, "[a]s part of the partnership, Legends will collaborate closely with Florida State Athletics to enhance multimedia rights, including broadcasting, licensing, and sponsorship opportunities."

Resources

Press Release

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 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.

Greystone – Series A Bond Offering – Tel Aviv Stock Exchange

Represented Greystone Senior Debt BI, LTD, a subsidiary of Greystone, in their Series A bond offering of approximately $160 million on Tel Aviv Stock Exchange. The offering was the highest rated offering historically for this product and 3x oversubscribed. The Herrick team partnered with Goldfarb Gross Seligman in Israel.

Options Trader – SEC Regulatory Compliance and Enforcement Advisory

Advise significant West Coast based options trader on Large Trader SEC regulatory compliance and related enforcement issues.

Jessie Root, Associate

Matters

Ownership Transfer – Pimlico Race Course

Resources

Represented Avenue Sports Fund in Pickleball Investment

Long Term Multimedia Rights Agreement – Florida State University Athletics and Legends

Resources

Represented Major Commercial Bank in Amending and Extending Syndicated, Unsecured Revolving Credit Facility

Represented Private Credit Fund in Connection with Amending and Restating Subordinate Secured Credit Facility

Represented Private Bank of a Major Financial Institution in Connection to Adding New Artworks as Collateral to Line of Credit Facility

Greystone – Series A Bond Offering – Tel Aviv Stock Exchange

Options Trader – SEC Regulatory Compliance and Enforcement Advisory

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