Private Credit

Represented a South Korean investment trust in a loan to and equity investment in a US oil and gas services company to purchase new fracking fleets.

Advised a North Carolina-based high-tech BAW RF filter solutions company with the issuance of US$44 million aggregate principal amount of its 6.0% Convertible Senior Notes to certain qualified institutional buyers in a private offering.

Advised a women and minority-owned private credit and structured equity fund as to matters of Delaware entity law in connection with the formation of, and subsequent investments in, a new fund.

Assisted an Australia bank in establishing a special-purpose lending vehicle to provide mezzanine finance to small-to-medium enterprises, using funds raised through a collateralized note program.

Served as tax counsel for a private equity fund in mezzanine debt and equity investments and exit transactions.

Advised one of Australia’s largest private credit funds on an NAV fund financing facility provided by a US investment bank.

Represented certain affiliates of an investment specialist in connection with a US$25 million unsecured mezzanine term loan facility, the proceeds of which were used to finance the leveraged buyout by a portfolio company of a middle-market private equity sponsor and to finance future add-on acquisitions.

Represented a leading capital provider for private equity-owned, middle-market companies in connection with its commitment to purchase US$19.7 million senior subordinated notes in a combined US$108.4 million mezzanine facility.

Represented a provider of customized financing solutions to middle-market private equity firms and their portfolio companies, and its affiliated funds, in connection with its extension of a senior unsecured subordinated term loan facility in an aggregate principal amount equal to US$90 million to a partnership of physician-owned and physician-led top-tier fertility practices, an existing portfolio company of a middle-market private equity firm focused exclusively on healthcare.

Represented an investment management company specializing in distressed assets management, and its founders, in connection with the formation and financing of a new nonbank equipment finance venture.

Represented a portfolio company of a Charlotte, North Carolina-headquartered private investment firm in connection with its financing from a Chicago, Illinois-based premier boutique asset management firm specializing in private credit markets to refinance its existing credit facility and to fund a dividend to existing equity holders.

Represented an affiliate of an independent global real estate investment company in the acquisition of a US$75 million mezzanine loan secured by an indirect interest in the RHY Unit of the 20-30 Hudson Yards Condominium in New York, New York.

Represented a global wealth and asset management company in connection with a US$26 million unsecured mezzanine term loan facility. The proceeds were used to finance a middle-market private equity sponsor's leveraged buyout of a world-class originator and manufacturer of aluminum T-slotted building systems for various applications and end-markets. The client also made an equity co-investment in the amount of US$4.5 million. The leveraged acquisition was financed in part by a financial services company which led the senior secured lenders in a US$72.7 million senior secured term loan and US$10 million first lien revolving facility.

Represented a Korean fund manager in originating a US$100 million mezzanine loan with respect to the leasehold owner of Union Station in Washington, DC.

Served as fund counsel for a leading US-based emerging manager of private equity funds focused on hotel real estate and debt in connection with the launch of its third real estate fund.

Advised a leading US-based emerging manager of private equity funds focused on hotel real estate and debt regarding the demanding fund formation mandates for high-profile clients in the private equity sector.

Represented the asset manager to the mezzanine A lenders in connection with the workout of an approximately US$65 million mezzanine loan facility secured by the membership interests in the owner of an office building in downtown Los Angeles, California.

Represented a South Korean alternative investment firm in connection with the negotiation of a loan restructure and recapitalization with respect to a multiple-property hospitality portfolio managed by a US financial services company that specializes in the art investment market.

Represented an asset manager in its US$125 million mezzanine loan indirectly secured by a hotel in Times Square, New York City.

Represented a holding company for a global life and health reinsurance entity in connection with the purchase of additional senior subordinated notes, in the aggregate principal amount of US$15 million, in connection with client's previously purchased notes of US$30 million from a full-service consulting and engineering firm and a multidisciplinary engineering design firm.

Represented a holding company for a global life and health reinsurance entity in its purchase of US$16.5 million of senior subordinated notes from a private equity-backed software company.

Represented an institutional investor in connection with a split collateral US$25 million term loan credit facility used to finance a private equity sponsor’s leveraged acquisition of a leading contracting firm providing physics-based technical system engineering solutions.

Represented an institutional investor in connection with its purchase of US$37.5 million unsecured subordinated notes issued to finance the leveraged acquisition of a leading national (US) project advisory firm.

Represented an institutional investor as the junior mezzanine lender, in connection with (i) the purchase of US$10.2 million incremental notes, the proceeds of which were used to finance an add-on acquisition by a middle-market private equity firm of a professional services firm supporting commercial clients, the intelligence community, and civilian and defense agencies, as well as state/local entities, and (ii) the upsize of the client's existing delayed draw term loan commitment facility to a principal amount of US$18 million, the proceeds of which were available to the company to fund future add-on acquisitions.

Represented an institutional investor as a participant senior secured lender in connection with a US$84 million senior secured term loan facility, the proceeds of which were used to finance the leveraged buyout by a middle-market private equity firm. The client’s debt financing portion of the term loan facility was US$20 million. The client also made an equity co-investment in the amount of US$500,000.

Represented a major insurance company investment group regarding a distressed mezzanine private debt investment in a portfolio company, a supplier of analytics software and services.

Represented a South Korea-based private equity firm in the workout and modification of a US$62 million mezzanine loan secured by the ownership interest in a luxury hotel located in New York City’s Lower East Side.

Represented the asset manager to senior and mezzanine tranche lenders in connection with the workout and restructuring of an approximately US$175 million loan facility secured by a ground lease interest in an office building in Chicago, Illinois, and corresponding owner membership interests.

Served as senior lender's/agent’s and mezzanine lender's/agent’s counsel to a Japanese financial services company with the Side Letter Agreement in relation to the financing documents and new lease agreement with regard to one IAE International Aero Engines AG model V2527 A5 engine with ESN V11530.