Capital is the lifeblood of any organization, and our attorneys are well versed in borrowed-capital transactions. We have deep experience advising clients in commercial lending transactions spanning virtually every industry and every form of financing. Our experience on both sides of the table is a substantial benefit for our clients, enabling us to understand the positions of all parties and to “get to yes” faster and more efficiently.
Our attorneys represent both borrowers and lenders in secured lending transactions. Our lender clients include banks and non-bank lenders, and our borrower clients consist of companies across industries. Assuring superior client service is our thorough knowledge of secured transactions law. We apply this knowledge in all manner of secured lending transactions, including cash-flow loans, syndicated loans and asset-based lending, as well as other specialized credit transactions such as secondary market assignments and unitranche lending.
Second Lien Lending
Seasoned lenders, borrowers and investors know well that equity capital and senior secured debt alone often do not satisfy a company’s capital requirements. Second-lien debt is one financial product used frequently to fill this void. Our attorneys have broad experience representing second-lien lenders and borrowers. Notably, this includes experience negotiating, interpreting and enforcing intercreditor agreements, which are often the most critical documents relating to second-lien debt. We are also steeped in the treatment of second-lien debt in workouts, restructurings and bankruptcy.
Our attorneys understand the delicate balance between providing wise counsel to the company and protecting the interests of the mezzanine capital provider. Our lawyers also have extensive experience negotiating and applying subordination agreements. Once again, our experience on both sides of mezzanine finance transactions allows us to press toward efficient negotiations and ultimately deal closings.