Overview
As the financing environment becomes more challenging and complex, lawyers who understand the intricacies of multi-tranche financings and how to leverage the positions of junior capital lenders are now more important than ever. Our market-leading practice is among the most sophisticated of its kind. We craft solutions that maximize our formidable finance, restructuring, insolvency, tax and private equity experience on behalf of our clients.
Junior capital is what we do and, as such, we are widely recognized for our expertise, including numerous rankings in Chambers USA and US Legal 500, with Chambers USA dubbing us the “market leader” and “first place to go” for mezzanine and second lien financings and US Legal 500 calling us “the best-in-class for junior capital and restructuring advice in the middle market.”
In the past two years alone, we have closed more than 75 junior capital transactions aggregating over $3 billion, representing the leading lenders in the junior capital market. We are skilled in all areas of the capital structure, from traditional subordinated debt to holdco notes and all types of preferred and common equity.
Area of Focus
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Multi-Tranche and Uni-Tranche Loans
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Second Lien Loans
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Mezzanine Loans
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Equity Kickers and Strips
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Last-Out Senior Loans
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Holdco Notes
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Restructuring and Insolvency
Key Representations
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Sankaty Advisors in their $220 million mezzanine loan to fund the acquisition of The Weather Channel
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Solar Capital in a $125 million private second lien loan for the purpose of financing the acquisition by Advent International Corporation of Hudson News Company, a leading airport retail provider
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Regiment Capital Advisors in a $100 million last-out financing of an oil exploration and development company with fields in Texas and California
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Fifth Street Capital in a $7.5 million mezzanine loan to finance, in part, the recapitalization of a middle market restaurant chain