INDUSTRIES & PRACTICES

credit worthy experience

Lending Transactions
LENDERS AND BORROWERS KNOW WHEN THEIR LAWYERS ARE SAVVY TO CURRENT CREDIT MARKET TRENDS – IT IS OUR COMMITMENT TO SERVE CREDIT TRANSACTION CLIENTS WITH THE MOST SOPHISTICATED COUNSEL AVAILABLE.

Overview

Dorsey has a long history of guiding lenders and borrowers through complicated transactions.  Our representation of agent banks, lenders and borrowers covers a wide range of transactions, such as the following:

  • Commercial lending including syndicated and single-lender transactions
  • Leveraged financings including senior and mezzanine private-equity based acquisition financings and other leveraged financings
  • Real estate finance
  • Tribal finance
  • Project finance
  • Mortgage warehouse finance
  • Agricultural lending
  • Asset based lending and other secured and unsecured loan transactions
  • Capital markets transactions including note placements
  • Operating and capital lease transactions (representation of lessors and lessees)

Experience

Representative Transactions
Representative Syndicated Loan Transactions – Agent Representations

  • $425 million Senior Secured Revolving Credit Facility with twelve lenders and a borrower in the sporting goods retail business.
  • $375 million Senior Secured Revolving Credit and Term Loan Facility with twelve lenders and a borrower in the transportation logistics business.
  • $300 million Senior Secured Revolving Credit Facility with four lenders and a borrower in the power generation and infrastructure business.
  • $290 million Senior Secured Revolving Credit and Term Loan Facility with seven lenders and a borrower in the gaming business.
  • $250 million Unsecured Revolving Credit Facility with six lenders and a borrower in the specialty construction business.
  • $150 million Unsecured Multicurrency Facility Revolving Credit with three lenders and a borrower in the food manufacturing business.

Representative Syndicated Loan Transactions – Borrower Representations

  • An electric power supplier with respect to its $750 million syndicated secured revolving credit facility.
  • A medical device company with respect to its $1.5 billion senior syndicated revolving credit facility.
  • An oil and gas company with respect to its $1.1 billion senior secured syndicated credit facility.
  • An agribusiness company with respect to its $2.5 billion syndicated revolving credit facility.
  • A retailer with respect to its $1 billion senior secured syndicated revolving loan credit facility and $1.5 billion senior secured syndicated term loan facility.
  • A Native American tribe with respect to its $200 million senior secured syndicated credit facility.

Representative Leveraged Finance Transactions

  • A national mezzanine sponsor in connection with a $4.5 million senior subordinated credit facility and $2 million equity co-investment in favor of a manufacturer of magnets and engine components.
  • A national mezzanine sponsor in connection with a $4.75 million senior subordinated credit facility and detached equity co-investment investment in favor of a network of physical therapy clinics.
  • A national mezzanine sponsor in connection with an $8.6 million senior subordinated credit facility with warrants to purchase equity interests in favor of a national catalog seller of pool supplies and equipment.
  • The portfolio company of a national equity sponsor operating data center sites in the Western U.S. in connection with two refinancings of existing senior indebtedness in the amount of $35 million and $25 million, respectively.
  • The portfolio company of a national equity sponsor in connection with the acquisition of a chain of clinical trial drug-testing facilities, including senior debt facilities of $9.5 million and a subordinated debt facility of $5.5 million.
  • The portfolio company of a national equity sponsor in connection with the acquisition of the rail-car cleaning division of a multi-national company, including senior debt facilities of $12.6 million and a subordinated debt facility of $4 million.

Additional Representative Transactions

  • A national bank in a $250 million multi-currency syndicated credit facility to a U.S. food manufacturer and its Canadian affiliate involving U.S. and Canadian real estate and personal property collateral.
  • A national bank in a $450 million multi-currency syndicated credit facility to finance the acquisition and roll-up of a heavy truck parts manufacturer and its affiliate and involving U.S. and UK collateral.
  • A national asset-based lender in a $45 million multi-lender, asset-based loan facility to a national trucking company.
  • A national financial institution in a $40 million equipment loan facility with two lenders
  • A major independent residential mortgage loan funding company in structuring a $125 million warehouse facility financed by institutionally-placed variable and fixed funding notes.
  • A national asset-based lender in a $15 million asset-based acquisition loan facility to a manufacturer of polyethylene pipe.

Accolades

US News Best Lawyers 2020 Top Banking and Finance Law Firm

US News Best Lawyers 2020 Leading Bankruptcy Law Firm

US News Best Lawyers 2020 Top Public Finance Law Firm

US News Best Lawyers 2020 Leading Securities Regulation Law Firm

US News Best Lawyers 2020 Tier 1 Securities Litigation Practice

US News Best Lawyers 2020 Tier 1 Securities-Capital Markets Practice

Leading Firm-Over 22 Dorsey Practices Chambers 2019

131 Dorsey Lawyers-50+ Practices Best Lawyers 2020

100 Dorsey Super Lawyers 2019

Dorsey Corporate Counsel Go To Law Firm 2014

Contacts

Peter Harris
Practice Group Co-Chair
Betsy Parker
Practice Group Co-Chair

Industries & Practices

  • Banking & Financial Institutions
  • Bankruptcy & Financial Restructuring
  • Consumer Financial Services
  • Corporate Trust Services
  • Financial Services Regulatory
  • Securities & Financial Services Litigation & Enforcement
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