Financial Institutions and Insurance Finance

Haynes and Boone has extensive experience in representing lead arrangers, lead lenders, administrative agents, collateral agents, and servicers in handling all aspects of secured and unsecured loans, mortgage warehouse facilities, servicing agreements, commercial back-up facilities, redemption and liquidity credit facilities, and letter of credit facilities to obligors in the insurance and financial services industry, including:

  • Domestic and offshore insurance, reinsurance, and insurance holding companies
  • Mortgage originators and servicers
  • Regulated investment companies
  • Small business lending companies
  • Credit and debit card payment processing companies
  • Financial services companies
  • Finance companies
  • Domestic and foreign banking institutions
  • Mutual fund companies

We assist our clients in structuring financings to address the unique regulatory and operational issues imposed upon the insurance and financial industries. Our attorneys are involved in structuring loans to insurance companies and financial institutions to support acquisitions, mergers, spinoffs, recapitalizations, as well as for working capital purposes. In the last few years, we have represented banks and investment banks in handling transactions with insurance companies, insurance holding companies, finance companies, and other financial services institutions valued at more than $30 billion in the aggregate.

Together with our bankruptcy team, we work closely with our clients dealing with restructures, workouts, and business reorganizations in the financial institutions arena. Based upon our extensive experience, we are able to evaluate a situation from various perspectives, enabling us to structure impaired or insolvency-related transactions for optimum recovery.

Key Transactions

Key transactions have included:

  • $3 billion multi-currency facility to an international credit card provider
  • $1 billion AXXX reserves letter of credit facility for captive reinsurance company
  • $1 billion secured mortgage warehouse credit facility
  • $1.25 billion bridge facility to an insurance holding company
  • $1.07 billion facility to an investment-grade finance company
  • $922.5 million facility to a regulated investment company
  • $420 million facility to an international provider of electronic payment services

Industries Served

Our financing experience is not limited to transactions in the banking or financial services world. Our finance lawyers regularly counsel clients in numerous industries, including:

  • Automotive
  • Aviation
  • Energy and power
  • Healthcare
  • Hospitality, lodging and travel
  • Insurance and financial services
  • Manufacturing
  • Media and telecommunications
  • Mining
  • Real estate
  • Restaurants
  • Retail
  • Sports and entertainment
  • Technology
  • Transportation

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