institutional lending: matters
Private Bank - $425 Million Credit Facilities
Representation of a private bank as a letter of credit issuer; administrative agent in a $100 million letter of credit facility; and as lender in a $325 million revolving credit facility, each to a trust, the proceeds of which are for working capital purposes. The facilities are cross-collateralized and secured by a combination of public company stock, diversified liquid assets and cash.
Financial Institution - Bottling Company
Representation of a major financial institution, as administrative agent and lender, in a $25 million syndicated, secured term loan credit facility to a soft drink bottling and distributing company. The proceeds of the term loan were used to build out existing production facilities and working capital purposes.
Collateral Agent - Recapitalization
Representation of the collateral agent for the holders of $35 million of secured debentures in a recapitalization of an integrated marketing firm.
Lender - $2 Billion Facility
Representation of one of the lenders in a $2 billion-plus senior secured revolving and term loan credit facility to a large international exchange company.