Sean Monahan is co-chair of Choate's Finance & Restructuring Group. He was selected for the “40 Under 40 Legal Advisor” Award by The M&A Advisor. He has also been named a Massachusetts Super Lawyers Rising Star.
Sports Finance: one of the preeminent sports law practices in the United States representing financial institutions and teams in commercial financing transactions, including team loans, stadium construction loans, securitizations, and investment banking transactions, and general business matters involving member clubs of Major League Baseball, the National Hockey League, the National Football League, the National Basketball Association, Major League Soccer, NASCAR, and Minor League Baseball, as well as major college conferences. Sean has long-standing relationships with key personnel at leagues, teams and financial institutions and extensive knowledge of ownership and debt and securitization rules, media contracts and collective bargaining agreements.
Finance, Bankruptcy & Restructuring: complex financial transactions for banks and institutional investors, borrowers and issuers in full range of financings, including asset-based and cash flow financings as well as mezzanine loans and other junior capital investments. Sean also represents secured creditors and unsecured creditors in a variety of creditor’s rights and insolvency matters, including workouts, restructurings and bankruptcy proceedings.
- Represented SunTrust Bank, as agent, in connection with a delayed draw term loan facility required to renovate Key Arena in Seattle, which will be used by a new NHL expansion franchise.
- Represented Citibank as agent for syndicate of banks and syndicate of insurance companies in connection with the “league-wide” revolving credit and term loan credit facilities established by NHL US Funding, LLC for sixteen National Hockey League Clubs.
- Represented John Hancock in connection with credit facility required to construct basketball arena for the Golden State Warriors.
- Represented Bank of America as agent for syndicate of lenders in connection with “league-wide” revolving credit and term loan credit facilities established by the Office of the Commissioner of Major League Baseball for twenty-four Major League Baseball Clubs.
- Represented PNC Bank in connection with a credit facility for the Chicago Bears.
- Represented U.S. Bank, as agent, in connection with credit facilities established for the Chicago Cubs and its affiliates.
- Represented JPMorgan, as agent, in connection with credit facilities established for the Seattle Mariners and its affiliates.
- Represented U.S. Bank in connection with credit facility used by Minnesota United Football Club to construct a new stadium in St. Paul.
- Represented SunTrust Bank, as agent, in connection with delayed draw term loan facility required to construct a new baseball stadium for the Texas Rangers.
- Represented Citibank, as agent, in connection with credit facility for a new NHL expansion franchise, the Las Vegas Golden Knights.
- Represented PNC Bank in connection with credit facility used by the Cleveland Browns to renovate FirstEnergy Stadium.
- Represented SunTrust Bank, as agent, in connection with delayed draw term loan facility required to construct a new baseball stadium for the Atlanta Braves.
- Represented Bank of America, as agent, in connection with credit facilities established for the St. Louis Cardinals and its affiliates.
- Represented Citibank, as agent, in connection with revolving and term loan credit facilities established for Washington Capitals NHL team and term loan credit facility established for Washington Wizards NBA team.
- Represented JPMorgan in connection with credit facility used by FC Dallas to construct the National Soccer Hall of Fame in Frisco, TX.
- Represented Citicorp as agent for syndicate of lenders in connection with credit facilities for acquisition by Craig Leopold of Minnesota Wild and Xcel Energy Center operating rights.
- Represented JPMorgan as agent for syndicate of lenders in connection with credit facility required to construct new ballpark for Miami Marlins.
- Represented Citicorp as agent for syndicate of lenders in connection with credit facility for Roush Fenway Racing NASCAR team.
Publications and Presentations
- “Proposed Chapter 11 Reforms May Be Bad For Borrowers,” co-author, Bankruptcy Law360, March 2015.
- "PACA and Bankruptcy: What Secured Lenders Must Know," co-author, Bankruptcy Law360, May 2014.
- “Caution: Make-Whole Provisions Are Taken at Face Value,” co-author, Bankruptcy Law360, November 2013.
- “Debtor’s Counsel, Be Careful Who You Help,” co-author, Bankruptcy Law360, March 2013.
- “Viewpoint: Court Ruling Endangers 'Credit Bidding',” co-author, American Banker, April 2010.
- “A Shifting Tide for Secured Lenders,” co-author, Law360, November 2009.
- “Bankruptcy Law Conference,” faculty member, Massachusetts Continuing Legal Education, Boston, October 2008.
- “A Tempest in a Teapot: State Sovereign Immunity and Federal Administrative Adjudications in Federal Maritime Comm’n v. South Carolina State Ports Authority,” author, Cornell Law Review, 2003.
Professional and Community Involvement
Sean is an active member of the Commercial Finance Association, the Turnaround Management Association, the Boston Bar Association and the Massachusetts Bar Association. He lives in Salem, Massachusetts, with his wife and daughters.
Education & Credentials
- Cornell Law School
- JD, 2004, magna cum laude
- Bates College
- BA, 1998, summa cum laude
U.S. District Court, Massachusetts
Choate represented Truist Bank as administrative agent and a lender in connection with a revolving credit facility to Teradyne, which designs, develops, manufactures and sells automatic test systems used to test semiconductors, wireless products, data storage and complex electronics systems in the consumer electronics, wireless, automotive, industrial, computing, communications, and aerospace and defense industries.
While the CDC’s current position is that COVID-19 is far more dangerous for people with underlying health conditions and the elderly, it does pose a strong threat to the stability of the global economic climate.
Choate represented Silversmith Capital Partners as the lead investor in a $71 million investment in PDFTron Systems, a leading provider of document processing tools for software developers.
Choate represented Wells Fargo Capital Finance in the extension of its current senior secured revolving credit facility to Christopher & Banks Corporation, a specialty women’s apparel retailer.
Choate recently represented Mainsail Partners in its $60 million growth equity investment in FairWarning Technologies.