$500 Million Syndicated Unsecured Revolving Credit Facility - National Home Builder
Represented major national banking institution as lead agent, swing line lender and letter of credit issuer in unsecured syndicated credit facility for national home builder.
Loan Restructuring/Workout - Commercial Real Estate Developer
Represented major national banking institution as lead agent in connection with the restructuring of the bank debt to a commercial real estate development company headquartered in California, including multiple revolving loans, term loans and construction loans.
Project Financing - Hawaiian Resort
Represented major national banking institution as lead agent in syndicated construction financing for a high-end beachfront resort in Hawaii.
$3.4 Billion Multi-Currency, Cross-Border Revolving Credit Facility
Represent the lead agent in a $3.4 billion multi-currency, cross-border revolving credit facility to a multi-national corporation and its subsidiaries.
Wingate Partners in its Acquisition of Preferred Compounding Corp.
Represented Wingate Partners in its acquisition of Preferred Compounding Corp., a supplier of proprietary and custom mixed rubber compounds.
U.S. $3.4 Billion Equivalent Global Credit Facility
Represented the administrative agent in connection with a $3.4 billion (U.S. equivalent) global credit facility to a publicly-traded REIT involving U.S., Canada, Euro, Japan, Korea, and China tranches.
Wingate Partners in its Acquisition of Stein World
Represented Wingate Partners in its acquisition of Stein World, a leading designer, importer, and distributor of decorative home accents including furniture, lamps, occasional tables, accent chairs, and mirrors.
Wingate Partners in its Acquisition of USA Environment, LP
Represented Wingate Partners in its acquisition of USA Environment, a regional leader in the Gulf Coast U.S. in providing environmental remediation and industrial services including demolition, hazardous waste disposal and transportation.
Wingate Partners in its Acquisition of Cal Pacific Specialty Foods
Represented Wingate Partners in its acquisition of a controlling interest in Cal Pacific Specialty Foods, a producer of high-quality value-added strawberry products for the industrial and food service markets.
$930 Million Workout and Bankruptcy - Homebuilder
Represented the administrative agent in connection with the restructuring of revolving bank debt of a homebuilder, including the collateralization thereof and coordination with other creditor constituencies, and in the subsequent bankruptcy.
$125 Million Loan Collection from Homebuilder
Represented the administrative agent in connection with the 100 percent collection of debt owed by a real estate development joint venture, including making demand under collateral maintenance guaranties.
$1.1 Billion Loan Restructuring - National Homebuilder
Representation of the administrative agent in connection with the restructuring of the bank debt to a homebuilder headquartered in California, including revolving debt and two tranches of term debt.
$1.4 Billion Facility to Long Distance Reseller
Represented the administrative agent in connection with $1.4 billion of revolving and term loans made in the U.S. and Canada to finance the acquisition of a long distance reseller company, resulting in a 100% collection.
Debt Restructure and Collections
Represented Southwest Savings Association, Bonnet Resources, Amresco, and Sunbelt Savings Association in connection with the collection of hundreds of loans including, real property foreclosures, personal property foreclosures, litigation, demands for payment, restructurings, and bankruptcies. These loans covered all industries and involved many novel factual and legal issues.
$500 Million Credit Facility - REIT
Represented a money center bank in connection with a $500 million revolving credit facility to a private real estate fund for the acquisition, construction, and development of multiple real property projects.
€900 Million Credit Facility - International Real Estate Fund
Represented the administrative agent and lead arranger in connection with a €900 million equivalent senior unsecured credit facility to an international real estate fund.
Representation of Administrative Agent in connection with restructuring of, and collection efforts and enforcement actions with respect to, multiple joint venture financings.
Revolving and Term Loan Credit Facilities - National Homebuilder
Represented administrative agent and lead arranger in connection with a national homebuilder’s senior revolving and term loan credit facilities recapitalization transactions.
€400 Million Credit Facility - International Real Estate Fund
Represented administrative agent and a joint lead arranger in connection with a €400 million equivalent senior unsecured credit facility to an international real estate fund.
$140 Million Term Loan Facility - Joint Venture Between REIT and Hotel Franchisor
Represented the administrative agent and lead arranger in connection with a $140 million term loan facility to a joint venture between a public REIT and a major international hotel franchisor secured by eight hotel properties in multiple states.
WCI Communities, Inc.
Representation of lender, as Administrative Agent, in connection with amendments to the $500 million pre-petition revolving line of credit for WCI Communities, Inc. and its related affiliates and subsequent representation of the lender in connection with a $150 million syndicated debtor-in-possession lending facility to WCI. In addition, the firm represented the lender in connection with the negotiation, documentation, and consummation of WCI’s plan of reorganization and exit facilities.
$200 Million Workout and Bankruptcy
Represent the administrative agent in connection with a $200 million credit facility and the bankruptcy of a single asset real estate entity.
Credit Facilities and Debtor-In-Possession Financing - National Homebuilder
Represented the administrative agent and lead arranger in connection with a national homebuilder’s credit facilities and Chapter 11 bankruptcy (including negotiation and documentation of the debtor-in-possession credit facility).