Saige Jutras Oftedal
Saige Oftedal represents financial institutions, corporate borrowers, and private equity sponsors in a range of complex financial transactions, helping them to efficiently navigate closing. These clients include working capital credit facilities and other secured, asset-based and cash flow credit facilities, primarily for retail companies, major league sports franchises, software, and technologies companies. Saige also represents lenders who are providing debtor-in-possession and/or exit financing to companies in or emerging from bankruptcy.
Representative Engagements
- Wells Fargo, as agent for a syndicate of lenders, in connection with a $1.5 billion credit facility to Kohl’s Corporation.
- Second Avenue Capital Partners, as agent, in an $80 million term loan credit facility to the mattress company, Casper Sleep, Inc.
- A subsidiary of B. Riley Financial, Inc., as agent, in connection with a $70 million debtor-in-possession credit facility to bitcoin mining Chapter 11 debtor, Core Scientific, Inc.
- U.S. Bank National Association as administrative agent and a lender in connection with a senior secured loan to Chicago Baseball Holdings, LLC, Chicago Cubs Baseball Club, LLC and certain of their affiliates.
- Wells Fargo in its capacity as administrative agent under the third amended and restated credit agreement in connection with the bankruptcy proceedings of Lucky Brand Dungarees LLC.
- Bank of America in its capacity as agent of a $375M asset-based revolving exit credit facility related to the Chapter 11 bankruptcy of J.Crew and several of its affiliates, as well as a $400M exit asset-based revolving credit facility to the reorganized debtors.
- SLR Credit Solutions in connection with its exit asset-based credit facility to True Religion, the global denim and apparel brand.
- Handil Holdings, LLC in connection with the acquisition of Christmas Tree Shops, LLC and several of its affiliates from Bed Bath & Beyond, Inc.
Publications and Presentations
- “Human Capital Contracts and Bankruptcy: Balancing the Equities Between Exception to Discharge and the Opportunity to Prove Undue Hardship,” S. Jutras, Suffolk University Law Review 133, April 2017.
Professional and Community Involvement
- Member of the American Bankruptcy Institute
- Member of the Boston Bar Association
Education & Credentials
- Suffolk University Law School
- JD, 2017, summa cum laude
Editor-in-Chief, Suffolk University Law Review
- University of New Hampshire
- MA, 2014, summa cum laude
- University of New Hampshire
- BA, 2013, summa cum laude
- Phi Beta Kappa
Admissions
Massachusetts
Focus Area
Saige's Insights
Announcements 02.14.2023
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.
Announcements 10.26.2020
Crystal Financial Provides Exit Credit Facility to True Religion
Choate represented Crystal Financial in connection with its exit asset-based credit facility to True Religion, the global denim and apparel brand.