Insights

Choate Elevates Six to Principal in 2025

Six Choate attorneys – Melissa Adams, Leila Cetrone, Jill Gately, Emily Miller, Margo Monroe, and Matt Mortensen – have been elected as principals, effective May 1, 2025.

Choate Represents Second Avenue Capital Partners in $112M Senior Secured Revolving Credit Facility and Term Loan to Backcountry

Choate represented Schottenstein affiliate Second Avenue Capital Partners in a $112M Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading premium specialty retailer of outdoor gear and apparel. 

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.

Pathlight Capital Agents $50MM Senior Secured Term Facility for My Alarm Center, LLC

Choate represented Pathlight Capital as agent in its $50MM senior secured term loan facility (“the Term Loan”) to My Alarm Center, LLC, and certain of its affiliates.

Second Avenue Capital Partners Provides $35M Loan to Sur La Table

Choate represented Second Avenue Capital Partners in a $35 million loan to a joint venture of CSC Generation Holdings and Marquee Brands in support of their recently acquired high-end kitchenware retailer Sur La Table.

Citizens Bank Makes $150 Million Loan to Steve Madden

Choate represented Citizens Bank, N.A., as Agent, in connection with a $150,000,000 senior secured loan to Steven Madden and various of its subsidiaries.

The Carlyle Group Finances Le Tote’s Acquisition of Lord + Taylor

Choate represented The Carlyle Group, and its global credit platform, in its recent second lien term loan to Le Tote in connection with the fashion rental subscription service’s purchase of Lord + Taylor from Hudson's Bay Company.