Insights

Pathlight Capital Provides Term Loan Facility to Conn’s, Inc.

Choate represented Pathlight Capital as administrative agent and collateral agent, in connection with a $100M second lien term loan facility to Conn's, Inc., a furniture stores chain based in Texas.

SEC Adopts Shorter T+1 Settlement Cycle for Securities Transactions

Recently, the SEC adopted new rules and amendments intended to reduce time between the execution of securities transactions and their settlement, and calling for, among other things, a shorter T+1 settlement cycle for most securities transactions.

B. Riley Agrees to $70M Loan to Cryptocurrency Miner Core Scientific

Choate represented B. Riley in connection with a $70M debtor-in-possession (DIP) loan to Core Scientific, Inc., and several of its subsidiaries.

Choate Elects Six to Partnership for 2023

Six Choate attorneys - Courtney Carr, Dallas Cruz, Lyndsey Kruzer, Jonathan Marshall, Samuel Rudman, and Tobin Sullivan - have been elected to partnership of the firm, effective January 1, 2023.

Nine Choate Attorneys Named 2022 Top Lawyers by Boston Magazine

Boston Magazine has recognized nine Choate attorneys in its 2022 Top Lawyers listing.

Patrick Archambault Contributes to The Business Lawyer’s White Paper on Bankruptcy Remoteness

Patrick Archambault recently contributed to The Business Lawyer’s white paper on bankruptcy remoteness, titled "Bankruptcy Remoteness: A Summary Analysis" by the Committee on Securitization and Structured Finance, ABA Business Law Section.

Sean Monahan Moderating Panel on the Current State of Stadium Finance

Sean Monahan will moderate the panel, "A Rebirth for Stadium & Arena Finance" on November 10, 2022 during a live webinar hosted by Proximo Intelligence.

Choate Represents Underwriters in $400M Public Offering of Green Debentures by NSTAR Electric Company

Choate represented the underwriters, led by BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments, Inc., in a $400M public offering of green debentures by NSTAR Electric Company, doing business as Eversource Energy.

Federal Appeals Court Rules Citibank Entitled to Recover $500m Erroneous Payment

In the wake of a Federal Appeals Court decision sure to be welcomed by the banking industry, Citibank will be allowed to recover hundreds of millions of dollars that it mistakenly paid out to a group of hedge funds.