John Mello and Jonathan Bush recently assisted a bank client, as administrative agent, in closing the exercise by a borrower of the accordion feature under its syndicated credit facility. As a result, the borrower increased its borrowing capacity from $600 million to $900 million. Next up is addressing the lender consents to a proposed redemption of the borrower's existing 144A debt, issuance of new 144A debt, and the corresponding corporate restructuring.
9/30/2010 - Jay Rankin will be teaching a class on intercreditor issues, use of cash collateral and post-petition financing in bankruptcy at Emory University School of Law on September 23, September 30 and October 21, 2010.
10/18/2010 - Eric Taylor will be speaking at the 5th Annual Advanced Forum on Residential Mortgage Litigation & Regulatory enforcement in Dallas for the American Conference Institute on October 18 and 19, 2010. Eric is giving two speeches: "Regulatory and Legislative Responses to the Turmoil in the Residential Mortgage Industry"; and "Master Class on Insurance Coverage and Litigation Issues in Subprime Mortgage Litigation."
12/7/2010 - Ed Dobbs will participate in the Atlanta Bar Association's annual Bankruptcy and Commercial Law Year in Review at the Capital City Club.
1/26/2011 - Eric Taylor will be conducting a two hour breakout session on the topic "The Current MDL Practice Landscape - What Is and Isn’t Working for Defendants?" at the 10th Annual Conference on Consumer Finance Class Actions & Litigation on January 26, 2011 in New York City.
During the conference, Eric is also a panelist, and will be discussing the topic "Managing the Current and Future Waves of Discriminatory and Predatory Lending/Servicing Cases" on January 27, 2011.