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The firm's Commercial Practice Group has two teams -- the Commercial Lending
Team, which represents financial institutions in connection with commercial
loans, and the Bankruptcy Team, which represents both creditors and debtors
in debt restructurings, forbearance arrangements and corporate reorganization
proceedings under the Bankruptcy Code.
Commercial Lending The Commercial Lending Team handles the negotiation, structuring and documentation of commercial loan transactions to large corporate borrowers. These loans range in size from $10 million to in excess of $900 million in syndicated credit facilities and are generally secured by assets from the borrower. Typically, the loans are documented as revolving credit facilities and term loan transactions, the proceeds for which are used for working capital, asset acquisitions or leveraged buyout transactions. Clients of the Commercial Lending Team consist of regional, national and international financial institutions, including both regional and national banks, insurance companies and other commercial lending sources. The Commercial Lending Team also is active in specialized areas of financing, such as aircraft finance and leasing transactions. Representative financial institution clients include Atlantic Capital Bank, Bank of America, Branch Banking & Trust Company, CapitalSource, CIT Business Credit, Congress Financial Corporation, GE Capital, PNC Bank, RBS Capital, Regions Financial, Sovereign Bank, Textron Financial, United Commercial Bank, Wachovia Bank and Wells Fargo Bank. Bankruptcy The Bankruptcy Team handles debt restructurings, out-of-court reorganizations and bankruptcy cases involving large corporate and other commercial obligors. While the primary focus of the group's bankruptcy practice consists of representing financial institutions as secured or unsecured creditors or lessors, a significant part of the practice includes the representations of debtors, creditors committees and bankruptcy trustees. The firm regularly represents clients in bankruptcy cases filed in Georgia, Delaware, New York, Alabama, North Carolina, South Carolina, Florida, Tennessee and Texas. In addition, members of the Bankruptcy Team have served in the role of examiner in a number of large chapter 11 cases. One member of the Bankruptcy Team is regularly retained as a mediator for commercial law disputes in the context of bankruptcy cases, including mediation of preference and fraudulent transfer cases and post-confirmation suits against officers, directors and former shareholders.Link to the Commercial
Law Cases Update, which is a survey of cases dealing with commercial
law issues of interest to clients and friends of the firm and has been
published on a monthly basis for more than 20 years.
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