Rick Thide is an associate in Choate’s Finance & Restructuring Group. He represents banks, finance companies and corporate borrowers in a broad range of U.S. and multi-national commercial finance transactions.
Prior to joining Choate, Rick was an associate at a large international law firm where he focused his practice on syndicated debt financings, asset-based financings, acquisition financings and debt workouts and restructurings. While in law school, Rick interned for The Honorable William G. Young of the U.S. District Court for the District of Massachusetts and served as Managing Editor of the Boston College Law Review.
Finance: represents banks, institutional investors, lenders and borrowers in a wide range of financing transactions.
Bankruptcy & Restructuring: represents secured creditors and debtors in a variety of creditors’ rights and insolvency matters, including restructuring, workouts, and cash collateral and debtor-in-possession financings.
- Member of a team that represented an NFL club in its relocation, and in a $1.84 billion public and private financing of a new stadium and related infrastructure.
- Member of a team that represented a national bank as agent in a $725 million asset-based debtor-in-possession credit facility to a department store retailer through the retailer’s bankruptcy and liquidation.
- Member of a team that represented a national bank as agent in a $272.5 million asset-based debtor-in-possession credit facility to a specialty children’s apparel retailer through the retailer’s bankruptcy and reorganization, and in a $200 million asset-based revolving credit facility to support the retailer’s exit from bankruptcy.
- Member of a team that represented a leading financial institution as agent in a $135 million cross-border debtor-in-possession credit facility to a U.S. and Canadian specialty golf retailer through the retailer’s bankruptcy, and the related sale and partial liquidation of the retailer’s U.S. and Canadian store locations.
- Member of a team that represented term lenders in a $600 million term loan facility to support a private equity sponsor’s acquisition of a spa services company, including related security arrangements in the U.S., England and the Bahamas.
- Member of a team that represented a commercial finance company in a $28 million asset-based term loan facility to a leading regional newspaper and related workout arrangements, including negotiation of intercreditor arrangements with the PBGC relating to the newspaper’s secured pension plan obligations.
Education & Credentials
- Boston College Law School
- JD, 2013
- The George Washington University
- BA, 2008, summa cum laude
Choate represents Wells Fargo Bank in connection with an asset-based loan credit facility to Payless Inc. and various affiliates.
Choate represented Bank of America, N.A. in connection with a $3,150,000,000 senior secured loan to Rite Aid Corporation, comprised of a $2,700,000,000 asset-based revolving credit facility and a $450,000,000 first-in last-out term loan facility (collectively, the “Senior Credit Facilities”).