MVA Experience- Bankrupcty & Financial Restructuring- Workouts

Representative Work-out matters include:

• Represented secured subordinated lender in successful workout of loans to cleaning services company that culminated in the acquisition of the borrower by lender and the negotiation of $45 million in new financing for the company.

• Represented lender in workout and refinance of approximately $23 million owed by physician practices.

• Represented administrative agent of syndicated credit facility in successful restructuring of $115 million unsecured revolving credit facility to chemical company.  Restructure involved collateralization and resolution of intercreditor issues with private placement noteholders and facility was paid-in-full.

• Represented borrower in successful three-year workout involving West Coast grocery store chain with approximately $25 million in senior bank debt and a host of other creditors.

• Represented agent for bank group in workout and subsequent refinance of approximately $80 million in senior bank debt owed by automated teller machine owner/lessor.

• Represented agent for lender syndicate in workout and ultimate full payoff of $500 million exposure to manufacturing conglomerate.

• Represented administrative agent in syndicate to credit facility in successful restructuring and refinance of $60 million exposure to a media company, including equity investment from sponsor.

• Represented secured lenders in the workout and refinancing of $75 million secured loan to national car dealership chain. 

• Represented administrative agent in syndicate to credit facility in successful restructuring of exposure to a defense contractor involving sponsor investment and resolution of intercreditor issues with high-yield notes.  Facility was paid-in-full in subsequent chapter 11 bankruptcy proceeding.

• Represented secured lenders in the workout and refinancing of $215 million secured loan to national trucking company.

• Represented lender in large, commercial hotel foreclosure.