Chapman and Cutler LLP's Commercial Lending Group
represents a variety of state and federally chartered financial
institutions, commercial finance companies and domestic branch offices
of banks chartered in Canada, Japan, France, The Netherlands and
Germany.
You can count on Chapman and Cutler for a focused team approach to all aspects of commercial lending.
Chapman
and Cutler's commercial lending practice has been at the center of our
firm's identity and culture since we were founded over nine decades
ago. We regularly negotiate deals ranging from single-lender unsecured
loans to secured, syndicated credit facilities. We have a depth of
experience when it comes to asset-based lending, agribusiness lending
and leveraged buyout financing.
The experience we have gained
in many years of close collaboration with our clients gives firm
attorneys a deep understanding of the business of commercial lending.
Together-with our clients-we get deals done.
We work in
specialized teams on behalf of our clients, keeping them involved
through all phases of the lending process-from the initial structuring
of the facilities through the negotiation of commitments, the drafting
and negotiation of the loan documents to the closing and beyond. In
addition, our attorneys have extensive experience in debt
restructurings and workouts, both inside and outside of bankruptcy.
Representative Transactions
We
served as counsel to an agent bank in a $400 million secured revolving
credit facility in favor of a national credit card processing company.
Facilities included two U.S. credit agreements and one Canadian credit
agreement with common collateral and an inter-creditor arrangement.
We
served as counsel to an agent bank in a $500 million acquisition
financing transaction in favor of a large high technology borrower. The
transaction was structured with a reducing revolving facility tranche
with a four-year tenor and a 364-day revolving facility tranche.
Chapman
and Cutler acted as counsel to an agent bank in a $210 million
revolving credit facility for a West Coast grocery wholesale company
secured by the working capital assets of the borrower and its
subsidiaries.
We were counsel to
an agent bank in restructuring a $325 million revolving credit and term
loan facility secured by all real and personal property of a biogenetic
company and certain of its subsidiaries, including stock of foreign
subsidiaries and intellectual property in various South American and
European countries.
The firm
represented an agent bank in a $200 million, five/six-year secured
revolving credit/term loan facility extended to a manufacturer of
optical scanning and other technical equipment. The facility financed,
in part, a significant dividend paid to equity-fund owners of the
borrower.
Chapman and Cutler
acted as counsel to an agent bank in a $225 million revolving credit
and standby letter of credit facility with a large semiconductor
company and subsidiaries as co-borrowers. This engagement also involved
negotiating a stand-alone $35 million multicurrency revolving credit
facility.
The firm was counsel
to agent bank in a $175 million revolving credit and letter of credit
facility for a large poultry processing company secured by a portion of
its working capital assets.
We
served as counsel to an agent bank in a $197.5 million, four and
one-half-year secured revolving credit and term loan facility for a
multi-national manufacturer. The facility is available for borrowing in
U.S. dollars, Euros, Pounds Sterling and Swiss Francs.
Chapman
and Cutler acted as counsel to an agent bank in a U.S. $36 million
three-year secured revolving credit and term loan facility and Cdn $10
million three-year secured revolving credit (asset-based/dominion of
funds) to refinance indebtedness of a U.S. manufacturer and its
Canadian subsidiary.
We were
counsel to an agent bank in an $80 million revolving credit and term
loan facility for an international processor and secured by
substantially all real and personal property of the borrower and its
subsidiaries in the United States, Australia and New Zealand.
The
firm was retained by an agent bank to negotiate a $50 million,
three-year secured revolving credit deal (asset-based/dominion of funds
basis) to refinance the indebtedness of a West Coast horticultural
company. The capital structure included a separate second-lien term
loan.
The firm represented the
agent bank in a $167 million secured revolving credit facility for a
consumer finance company based in the South East.
We
served as counsel to the agent bank and collateral agent on $130
million secured credit facilities to a petroleum processor in
connection with a cross-border Canadian income fund transaction.
Chapman
and Cutler attorneys were counsel to an agent bank in a $117.5 million
asset-based revolving credit and term facility with a food processor
secured by inventory, receivables and other assets.
We represented an agent bank in a $250 million term and revolving credit facility with a large high technology borrower.
We
served as counsel to an agent bank in a $105 million revolving credit,
term loan and letter of credit facility with a multinational
construction company with domestic and foreign subsidiaries as
co-borrowers.
The firm
served as counsel to an agent bank in a $140 million unsecured
revolving credit facility for a West Coast chemical company.
As
counsel to the agent bank, Chapman and Cutler attorneys negotiated a
$130 million revolving credit facility for a sugar processor secured by
substantially all personal property of the borrower and its
subsidiaries.
We represented an
agent bank and collateral agent on a $45 million syndicated, secured
revolving credit facility to a meat processor in connection with a
cross-border Canadian income fund transaction.
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