In a competitive lending landscape, we help financial institutions provide the sophisticated options borrowers want, while still understanding the risks for specific transactions.

Today’s borrowers demand complex business financing solutions; to deliver, lenders call on our Commercial Finance team. The team was recognized as “very insightful and completely trusted” in the 2019 edition of Chambers USA: America's Leading Lawyers for Business. We provide diverse transactional experience plus deep knowledge of how changing regulations, cross-border demand for credit facilities and technology impact loan transactions. While most of our clients are lenders, we also work with borrowers, providing valuable insights from “the other side of the table.”

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  • Represented a national bank, as the agent for a syndicate of lenders, in providing a $1 billion pre-petition and post-petition syndicated senior secured asset-based credit facility to a sponsor-backed national distributor of tires, which facility included a cross-border component with both U.S. and Canadian borrowers and asset pools, and featuring additional first in - last out facilities. The transaction also required the negotiation of a complex lien subordination and intercreditor agreement with the term lenders holding secured term loan debt.
  • Represented Bank of America, N.A., as agent, in connection with a senior secured, asset-based, cross-border revolving credit and term loan facility provided to Modular Space Holdings, Inc. and affiliates, which engaged in the sale and leasing of temporary buildings and structures. The companies filed pre-packaged chapter 11 bankruptcy cases in Delaware, and the firm represented the agent bank in the pre-petition, post-petition, and exit financings.
  • Represented a national bank, as agent for a syndicate of lenders, in providing a senior secured asset-based revolving credit facility to a U.S. based manufacturer and distributor. The transaction featured cross-border revolving credit facilities with U.S. and Canadian borrowers and asset pools, a sub-facility for certain assets located in Mexico, and the negotiation and documentation of an extensive array of supply chain finance transactions.
  • Represented affiliated distributor entities, as borrowers, in the negotiation and closing of a bank-provided secured asset- based revolving credit and term loan facility and a secured mezzanine loan facility with a new private equity fund, the proceeds of which were used to refinance an existing credit facility and to fund the borrowers’ capital restructuring. The firm assisted the client in realizing its goals for the management team’s reacquisition of majority equity ownership and control, obtaining a source of funding for future acquisitions and allowing the transition of ownership to the next generation of owner/managers.
  • Represented a national bank’s specialty healthcare group, as lender, in a secured revolving and term loan facility to a multi-state diagnostic imaging company. We originally documented this as an asset-based transaction, then over a seven-year period documented the borrowers’ post-default workout and forbearance, including sponsor credit enhancement, before later redocumenting the facility as a cash flow transaction. The transaction involved extensive legal and regulatory diligence, with a structure including management arrangements and joint ventures requiring analysis of federal Anti-Kickback Statute, Stark Law, Medicare Anti-Markup Rule, and state corporate practice of medicine issues.
  • Represented a bank, as agent for a syndicate of lenders, in providing a senior secured cash flow revolving credit facility to a consumer products manufacturer with international operations and distribution. This transaction featured cross-border revolving credit facilities with U.S. and Hong Kong asset pools.
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Bobbi Acord Noland
Bobbi Acord Noland

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Parker, Hudson, Rainer & Dobbs LLP Welcomes New Partners Harris Winsberg and Elizabeth Garner

Jan 18, 2022

Parker, Hudson, Rainer & Dobbs LLP is Pleased to Announce Kelley C. Gass Has Been Admitted to the Partnership as of January 1, 2022

Jan 03, 2022

Kathleen Currey and Eric Anderson to Present Strafford Webinar "Enforceability of Intercreditor Agreements in Bankruptcy: Maximizing Recovery for First and Second Lienholders"

Oct 12, 2021
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