Our professionals have broad experience structuring, negotiating, and executing debt financing transactions of all types and sizes for sponsors, borrowers, and lenders located throughout the United States.

Our sponsor and borrower clients include private equity funds, startups, midsize, large, and publicly traded companies. Our lender clients include national and regional banks, private credit funds, and trade creditors. We are experts at providing strategic advice and proposing practical and creative solutions to facilitate efficient and timely transaction execution.

Our attorneys have extensive experience with transactions in the energy & infrastructure, manufacturing, natural resources, real estate, technology, agribusiness, food products, timber and forest products, health care, and transportation industries.

Stoel represents clients in a wide variety of debt financing transactions, including:

  • Asset-based, revolving, and working capital facilities
  • Term loans, including term loan A and B tranches
  • Private credit and direct lending, including mezzanine loans and private equity co-investments
  • Acquisition financing and leveraged buyouts
  • Unitranche financings and related agreements among lenders
  • Venture debt financing
  • Equipment financing and leasing
  • Bond financings
  • Rule 144A private placements
  • Real estate-backed credit facilities
  • Intercreditor agreements and arrangements, split-lien structures, and first- and second-lien structures
  • Floor plan credit facilities
  • Investment-grade financings, including commercial paper programs
  • Workouts, distressed lending, and special situations

We routinely assist clients with equity-linked return enhancements, including direct equity co-investments, warrants, and convertible notes. We deal regularly with complex intercreditor and equity holder arrangements and offer clients insight into differing standards and market trends for debt and lien subordination terms.

We bring a practical approach to structuring and documenting transactions that manage risk in a manner consistent with market practice. Our attorneys advise on what's market for guarantor structures, representations and warranties, financial and operational covenants, and events of default, as well as appropriate rights and remedies of secured lenders with respect to different types of tangible and intangible collateral. We review transaction structures to ensure guarantors are properly inserted. We document and negotiate equity co-investments and convertible notes, addressing customary rights appropriate for the transaction. When necessary, we help lenders enforce their security interests in collateral. We help our clients understand their options for refinancings, workouts, restructurings, and insolvency.

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