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© 2012 Dorsey & Whitney LLP

  • University of Wisconsin Law School (J.D., 1988)
  • Lawrence University (B.A., 1985)

  • Wisconsin
  • Minnesota

Peter L. Harris

Partner
Minneapolis
P: (612) 340-2900
F: (612) 340-2643
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Peter is a Partner in the Finance and Restructuring practice group. His practice is concentrated in the areas of commercial and asset-based lending, mezzanine and junior capital financing, loan workouts and restructuring, Chapter 11 bankruptcy and creditors’ rights.

Peter has particular experience in syndicated credit facilities, acquisition financing, mortgage loan warehouse lending, real estate workouts, acquisition of distressed consumer credit card portfolios, acquisition of distressed commercial loans, borrower representation, inventory and equipment financing, aircraft financing, multi-currency credit facilities, credit and payment card processing facilities, debtor-in-possession financing, defaulted bonds, indenture trustee representation, and preference and fraudulent transfer litigation.

Representative Transactions

  • Represented a major national mezzanine fund in numerous mezzanine and senior stretch financings to finance the acquisition or refinancing of middle market portfolio companies throughout the United States.
  • Represented a major national mezzanine fund in the restructuring and workout of mezzanine and senior stretch financings, including the effective conversion of mezzanine and senior stretch debt into controlling equity interests in the portfolio companies
  • Represented a regional bank in a workout of an $11,000,000 loan secured by a large condominium project in Arizona.
  • Represented a regional bank and related family office in a workout and bailout financing of a $10,000,000 loan to a real estate developer secured by raw land.
  • Represented a family office in a workout and bailout financing of a $60,000,000 loan to a real estate developer secured by raw land and other specialized collateral.
  • Represented a major national bank in a $15,000,000 loan workout, debtor-in-possession financing facility and exit financing facility for a printing company.
  • Represented a major credit card servicing company in numerous acquisitions of large portfolios of defaulted credit card receivables.
  • Represented a major independent residential mortgage loan funding company in a $125,000,000 warehouse loan facility financed by institutionally-placed variable and fixed funding notes.
  • Represented a major national bank in a $60,000,000 syndicated multi-currency credit facility to an international manufacturer of high technology testing and measurement equipment.
  • Represented a major national bank in separate $120,000,000 and $60,000,000 syndicated credit facilities to the operators of two major chains of gasoline stationstores.
  • Represented the U.S. auto dealership affiliate of a major international auto manufacturer in a $300,000,000 syndicated revolving credit facility secured by in-transit and on-site automobiles
  • Represented major national commercial finance company in a $40,000,000 debtor-in-possession credit facility to the operator of a major chain of appliance and electronics superstores which had filed a Chapter 11 case.
  • Represented major national commercial finance company in a $200,000,000 consumer loan acquisition agreement with a major Argentina bank for the origination and sale of consumer installment loans in Argentina.
  • Represented a major national bank in nationally syndicated warehouse facilities in the amounts of $500,000,000, $275,000,000, $160,000,000 and $125,000,000.
  • Represented a major national bank in a $200,000,000 nationally syndicated revolving credit facility to a major national consumer goods retailer.
  • Represented an international telecommunications company in a $500,000,000 debtor-in-possession credit facility to a Chapter 11 debtor which was developing a global satellite telecommunications system.
  • Represented a major national bank in restructuring a $90,000,000 defaulted syndicated credit facility to a national information technology consulting and infrastructure company.
  • Represented a major national bank as agent in a $60,000,000 syndicated revolving credit facility to a major electric utility in the Western United States.
  • Represented a major national bank as agent for a $25,000,000 syndicated revolving credit facility financing the acquisition of a manufacturer of rail car brake components.
  • Represented a major national bank in a $25,000,000 revolving credit and term loan facility financing the acquisition of a major dealer of semi-tractor and panel trucks.
  • Represented the payment processing subsidiary of major national bank in connection with a $200,000,000 payment processing facility with an internet-based issuer of gasoline payment cards.

Attorney Articles

October 27, 2008
Clear Channel Communications Litigation Brings to Light Pitfalls with Debt Commitment Letters
June 26, 2008
Ripples of Battle: Debt Commitment Letters After Clear Channel
1993
Co-Author, "Preference Litigation under the Bankruptcy Code," in Advanced Creditors' Rights in Illinois, Illinois Institute of Continuing Legal Education
1993
Co-Author, "Creditors' Special Remedies," in Advanced Creditors' Rights in Illinois, Illinois Institute of Continuing Legal Education
1993
Co-Author, "Creditors' Special Remedies," in Advanced Creditors' Rights in Illinois, Illinois Institute of Continuing Legal Education

News & Press Mentions

1993
Co-Author, "Creditors' Special Remedies," in Advanced Creditors' Rights in Illinois, Illinois Institute of Continuing Legal Education