Formation of Acquistion Vehicle
Advised a real estate company on formation of partnership to acquire $300 million office portfolio to acquire properties outside Texas.
Revolving Credit Agreement
Represented lender in $250 million syndication.
$2 Billion Revolving Multi-Currency Credit Facility - Global Company Information Technology and Outsourcing Company
Advised the lead agent and arranger in a $2 billion multi-currency, multi-jurisdiction credit facility for a major data systems company.
Restructuring of Letters of Credit Securing Tax Exempt Bonds - Real Estate Developer
Represented a lender in connection with its numerous loans to a major Dallas real estate developer, including many letters of credit issued to enhance tax exempt bonds issued on behalf of the developer. The workout spanned a number of years and a number of loans, many of which were refinanced by other lenders, and some of which involved conveyance of certain properties by deed in lieu of foreclosure to an affiliate of the lender.
$575 Million Unsecured Facility - Publicly Traded REIT
Provided counsel to a money center bank in the syndication of a $575 million unsecured credit facility to a publicly traded real estate investment trust consisting of a revolving credit facility, competitive bid subfacility, swingline subfacility, and subfacility for taxable REIT subsidiaries.
Hotel Portfolio Acquisition
Advised a real estate company on acquisition of several hundred million dollars of partners' interests in a six-property hotel portfolio located in Texas, California, Missouri, Oklahoma and Kansas.
Represented U.S. Bank as lead agent in multi-currency facility to multiple joint venture borrowers in Mexico and Asia.
Revolving Credit Facility - Publicly Traded REIT
$150 million revolving line of credit (with letter of credit sub-facility) to publicly-traded real estate management services company.
Sale of Industrial Property Portfolio
Advised a real estate company on the sale of $471 million industrial portfolio of 23 properties, containing over 10 million square feet, in the following: Columbus, Ohio; Memphis; Nashville and Woodland, California.
Secured Multi-Currency Syndicated Facility - Real Estate Opportunity Fund
Provided counsel to a money center bank in the syndication of a $400 million senior secured revolving credit facility to a real estate opportunity fund, providing multi-currency options (Euros, Pounds Sterling, Yen), secured by capital commitments of public and governmental pension plans, insurance companies, and other institutional investors.
Secured Multi-Facility Credit Agreement - Hotel Properties
Provided counsel to a national bank regarding a $675 million facility comprised of a $300 million revolving credit loan and $375 million term loan (participated in by various financial institutions and fund investors) secured by 16 hotel properties located in various states including New York, Florida, Illinois, Arizona, California, and Virginia.
Secured Revolving Credit Facility - Hotel Properties
$100 million revolving credit facility secured by three hotel properties located in Illinois and California.
Unsecured Term Loan - Refrigerated Warehouse Facilities
$105 million unsecured term loan to a company that acquires and manages refrigerated warehouse facilities.
Syndicated Financing - Publicly Traded REIT
Provided counsel to a money center bank in the syndication of a $550 million unsecured revolving line of credit and $150 million bridge loan to publicly traded real estate investment trust.
Term Loan to Swedish Company
DM 360 million term loan to Swedish owner of refrigerated warehouse facilities and logistics services.