Erin Burrows England is an associate in the Finance practice group in the Dallas office of Haynes and Boone, LLP. Her practice is focused on the representation of financial institutions and commercial borrowers in lending transactions, including syndicated credit facilities, real estate secured loans, and merger and acquisition financing. Her practice also includes the representation of lenders and borrowers in complex intercreditor relationships and in subordinated and mezzanine financing transactions. She also has experience assisting financial institutions in complying with state and federal banking regulations.
Selected Representative Experience
- Assisted in representation of the global administrative agent in a US$3.6 billion equivalent syndicated secured credit facility to a publicly traded REIT involving U.S. dollar, Canadian dollar, Euro, Japanese Yen, and Korean KRW tranches.
- Assisted in representation of two major money center national banks in a credit facility to a special purpose entity created by a private equity fund for the purpose of financing equity investments in portfolio companies.
- Assisted in representation of the administrative agent and lead arranger in a $50 million secured term loan agreement with a worldwide engineering and technical services company.
- Assisted in representation of the administrative agent in the restructuring of the private notes and multi-year credit facility of a private equity business development company.
- Participated in arranging financing for stock and asset purchase acquisitions.
Speeches and Publications
- "A Comprehensive Overview of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010," Haynes and Boone Publication (July 2010)
Публикации
05/28/2010 -
Revisiting the FDIC’s “Superpowers”: Contract Repudiation and D’Oench Duhme
In this article, the Erin Burrows and F. John Podvin, Jr. briefly review the Federal Deposit Insurance Corporation’s powers to facilitate a failed bank’s orderly liquidation, dissolution, asset sale and/or merger. When a bank is declared insolvent, the authors advise all counterparties to review the specific provisions of their contracts with the failed bank to evaluate the likelihood of, and prepare a response to, the receiver’s exercise of its repudiation powers and authority under the D’Oench Duhme doctrine.
02/23/2010 -
Weathering the Storm: The FDIC’s Authority to Repudiate Contracts
The current economic climate has led to a dramatic increase in bank failures over the past few years. In 2009 alone, 140 banks failed, compared to 26 bank failures in 2008 and only 3 bank failures in 2007. The Federal Deposit Insurance Corporation (the “FDIC”) recently announced that it has 702 banks on its “Problem List” as of December 31, 2009, up 27 percent from 552 banks on September 30, 2009. This acute trend has heightened the awareness and interest in the role of the FDIC as receiver of a failed bank.
09/09/2009 -
Weathering the Storm: Guidelines Issued for Private Equity Investors Acquiring Failed Banks or Thrifts
The interest from the private equity community in filling the growing capital gaps that exist in the balance sheets of U.S. banks has spurred the FDIC Board to adopt a Final Statement of Policy on Qualifications for Failed Bank Acquisitions (the “Policy Statement”). The Policy Statement, published on September 2, 2009, provides private equity investors with guidelines for acquiring failed banks or thrifts.