Finance

Clients rely on Sullivan's Finance Group for representation and advice in all aspects of sophisticated debt financing. Ranging from the term sheet/commitment phase through documentation to closing, as well as the workout and restructuring of credits and implementation of appropriate lender rights upon default, our broad experience enables us to represent clients efficiently and effectively in diverse transactions, including:

• Syndicated and single lender
• Secured and unsecured
• Senior and subordinated
• Single and multi-tranche
• Trade finance
• Export/import receivables financing
• Letter of credit facilities
• Forfaiting
• Trade credit insurance

We manage transactions across a wide range of financial market sectors on behalf of U.S. and international banks and other commercial lenders, institutional investors, underwriters and agents, other financial institutions, corporate borrowers and issuers, public and private companies, family offices and high-net worth individuals in secured and unsecured credit facilities. We also represent both dealers and end-users in derivative transactions as well as advising on swap regulatory issues under Dodd-Frank.

An important part of our representation of clients is working with the providers of the various classes of capital in a financing. This experience allows us to anticipate and effectively negotiate intercreditor issues within and between classes and to implement appropriate intercreditor rights in defaulted transactions.

Our Finance attorneys are also members of Sullivan's Capital Markets, Mergers & Acquisitions, Private Equity, International, Securitization, Tax, Real Estate and Bankruptcy & Restructuring Groups. The strong ties between these practices facilitate efficient structuring of transactions for our finance clients.

Accolades

• Sullivan's Finance Group received a National Tier 1 Ranking in the U.S. News – Best Lawyers "Best Law Firms" 2020-2022

Representative Client Work

Bank Client Transactions

• A European bank in connection with the $1.8 billion extension and increase in facility size of a syndicated receivables securitization for subsidiaries of the world’s second largest agribusiness group
• The agent bank in a $500 million syndicated multi-currency revolving credit and letter of credit facility to an international manufacturer and distributor of consumer products
• A European bank in the $100 million increase and extension of a receivables financing for a leading U.S. dairy company
• The agent and lender under certain amendments to a $300 million existing revolving credit agreement
• The asset-based lending division of a major bank holding company as agent bank in a $200 million syndicated secured revolving credit facility, and an associated $4.3 million bridge loan, to a lease financing company
• The sole bank lender in a $150 million pre-export financing for a foreign based borrower
• An international bank in the $590 million increase and extension of a securitization of trade receivables originated by a Fortune 500 company which is a leading company in the design and manufacturing of packaging for commercial products
• The sole bank lender in a $75 million unsecured term loan to a foreign joint venture supported by a guaranty from the U.S. parent of one of the co-venturers
• The administrative and collateral agent for the senior secured debtor-in-possession financing facility in the Chapter 11 proceedings of a pulp and paper manufacturer, a U.S. borrower, in connection with its $650 million syndicated multi-currency credit agreement
• A U.K. bank in a $300 million facility to a non-bank lender, with collateral in the United States, Chile, Luxembourg, England and France

Non-Bank Client Transactions

• A public records storage company in connection with the negotiation and closing of its $1.5 billion secured, syndicated revolving credit facility
• A real estate investment organization in a $1.15 billion amendment to its revolving credit facility with a multinational investment bank
• A global leader in fresh produce as transaction counsel in a $255 million multi-jurisdictional securitization of trade receivables
• A private investment vehicle in connection with the negotiation and documentation of its $500 million revolving credit facility, secured by hedge fund collateral
• A senior housing real estate investment trust in connection with the negotiation and closing of its $513 million Fannie Mae mortgage financing
• Various office, hospitality and senior housing real estate investment trusts in connection with the negotiation and closing of their syndicated revolving credit and term loan facilities, with aggregate commitments totaling more than $4 billion
• An online payment platform and its subsidiaries in a $70 million asset-based financing of its U.S. and Australian receivables
• Private firms in connection with aircraft acquisition financings, including both whole aircraft and undivided fractional interests in aircraft under the NetJets and Bombardier Flexjet fractional interest programs