Monika Sanford is an attorney in the Finance Practice Group of Haynes and Boone, LLP. Monika’s practice is focused on the representation of financial institutions and borrowers in commercial loan transactions. Monika has experience in representing lenders with negotiating and documenting loans to real estate private equity funds in connection with subscription secured financings as well as negotiating and documenting other secured and unsecured transactions. Additionally, Monika has represented borrowers in intercreditor relationships and in subordinated financing transactions, and has represented issuers in connection with offerings of senior secured notes.
Representative Matters
- Assisted in the representation of major U.S. and foreign lenders as lead agents in connection with documenting and closing more than $3 billion of subscription secured revolving credit facilities to private equity funds secured by the capital commitments of the fund's various investors.
- Assisted in the representation of lead agent and arranger in documenting and closing $600 million worth of revolving credit facilities to an investment grade insurance company and its affiliate.
- Assisted in the representation of lead agent in connection with a $160 million revolving credit facility provided to a pharmaceutical company secured by the assets of the borrower and the various subsidiary guarantors.
- Assisted in representation of one of the largest dining, hospitality and entertainment companies in the United States in connection with
- a $235.6 million senior secured revolving credit facility and a public offering of $406.5 million of subordinated secured notes together with an additional tack-on offering of $50 million subordinated secured notes, secured by real and personal property assets managed by domestic subsidiaries; and
- the private offering by the parent company of $110 million of senior secured notes, secured by the capital stock of a subsidiary.
- Assisted in the representation of an oil and natural gas company engaged in the acquisition, development and exploration of onshore North American oil and natural gas properties in connection with the public offering of $750 million of senior unsecured notes and the simultaneous redemption and discharge of $350 million of senior secured notes.
- Assisted in the representation of an international apparel manufacturing company in connection with the negotiation and documentation of a $140 million senior secured revolving credit facility secured by real and personal property.
Publications and Speaking Engagements
- Feature: "Lenders Beware: Can your Intercorporate Guaranty Withstand a Fraudulent Transfer Attack?" XXVIII ABI Journal 4, 40-41, 78, May 2009.
- Co-Speaker an In-house CLE entitled "A look at the ABA Model of First Lien/Second Lien Intercreditor Agreement"
Memberships
- Co-Chair of the Social Committee of the Dallas Asian American Bar Association
- Dallas Association of Young Lawyers
- Network of Indian Professionals, Dallas Chapter
Selected Representative Experience
Represented Landry's, Inc. in Rule 144A Debt Offering
Successfully represented Landry's, Inc. in a $1.6 billion refinancing, which included a new $1.2 billion credit facility, a Rule 144A offering of $425 million aggregate principal amount of 9.375 percent senior notes due 2020, and a tender offer for the repurchase of the issuer's outstanding notes.
Acquisition of Morton's Restaurant Group, Inc.
Represented Fertitta Morton's Restaurants, Inc. in its $180 million acquisition of Morton's Restaurant Group, Inc., a high-end steakhouse restaurant chain.
Represented Goodman Networks Incorporated in Private Debt Offering
Successfully represented Goodman Networks Incorporated, a provider of outsourced network and infrastructure services to the telecommunications industry, in the private issuance of $225 million aggregate principal amount of 12.125 percent Senior Secured Notes due 2018.
Rule 144A Offering - Asset Securitization
Successfully represented a funding company in connection with a Rule 144A offering of fixed rate mortgage backed notes secured by notes receivable from the sale of residential resort lots.
Acquisition of Infinity Resources, Inc.
Represented CD Listening Bar, Inc., an Internet-based distributor of entertainment media, in its acquisition of Infinity Resources, Inc.
$600 Million Credit Facilities
Represented arranger, letter of credit issuer and administrative agent in connection with unsecured credit facilities, with letter of credit subfacilities providing for severally issued letters of credit.