Finance & Restructuring

finance & restructuring

"the team as a whole [has] a consistently excellent negotiating style."

Chambers USA

Leader in Sophisticated Financial Transactions

Represent leading financial institutions, institutional investors, borrowers and issuers in full range of financings, including senior syndicated, second lien, mezzanine/subordinated and debtor-in-possession.

Transaction Powerhouse

Senior and mezzanine/subordinated financings with proceeds over $20 billion.

Reach

Financial transactions across US and in 27 foreign countries. 

Bench Strength

Over 25 lawyers representing major financial institutions in complex transactions.  Lawyers throughout practice areas consistently receive national recognition for excellence.

Breadth

Lending institutions; insurance companies; mezzanine funds; alternative investors; securitization, acquisition and project financings and conduits; private equity funds; and borrowers/issuers.  Experts in wide range of industry financings including in energy, healthcare, media, retail, sports and technology.

Preeminent Private Equity Clients

Represented preeminent private equity firms in acquisitions and financings, including:

 

Advent International
Altaris Capital Partners
Avista Capital
Boston Ventures
Heritage Partners
Highland Capital		JMH Capital
Mainsail Partners
Polaris Ventures
Riverside Partners
Summit Partners
Spectrum Equity 
 

Bankruptcy & Restructuring Expertise

Restructuring and bankruptcy expertise in and out of court representing all classes of creditors and equity holders as well as distressed companies and boards of directors.

by any measure

blue chip clients

Bank of America

Capital Resource Partners

Citigroup

Falcon Mezzanine Partners

John Hancock

JPMorgan Chase

MassMutual (Babson)

National City Equity

NewStar Financial

PNC Bank

RBS Citizens, NA

Siemens Financial

Sovereign Bank

TD Bank

The Hartford

TIAA-Cref

Tower Square Capital Partners

Wells Fargo

preeminent private equity clients

Represented preeminent private equity firms in acquisitions and related financings, including:

Advent International

Boston Ventures

Heritage Partners

Highland Capital

JMH Capital 

Mainsail Partners

Parthenon Capital

Polaris Ventures

Riverside Partners

Summit Partners

Spectrum Equity

integrated team develops framework for healthcare receivables

An integrated team of healthcare and specialty finance attorneys developed the framework for Siemens Financial Services to offer acquisition, start-up and working capital finance products using health care receivables as collateral.

To address the myriad healthcare regulations affecting deal structure, risk and transaction timing, Choate provided training and legal background education to Siemen’s credit and legal staff. 

choate counsels syndicate lead by Citicorp USA

Choate represented a syndicate of banks agented by Citicorp USA in connection with a $120 million credit facility established for Sports Capital Holdings.  SCH used the proceeds in connection with its acquisition of the St. Louis Blues and the operating rights to the Savvis Center arena.  This acquisition was the first in the NHL after the unprecedented full season lockout of the players resulting in the cancellation of the 2004-2005 season and the successful resumption of play in 2005-2006 after a new collective bargaining agreement was adopted.

Choate represents syndicate of commercial paper conduits

Choate represents a syndicate of commercial paper conduits and a syndicate of insurance companies agented by Bank of America in connection with $1.4 billion of commercial paper and term credit facilities established by the Office of the Commissioner of Baseball on behalf of 21 participating Major League Baseball Clubs. 

Each Club did a true sale of its rights to National Media Revenues, MLB Properties distributions and MLB Advanced Media distributions to a special purpose entity that borrows the funds.  The firm has been counsel to the agent for these facilities since 1995.