Finance & Restructuring

John Ventola, Kevin Simard, Lyman Bullard, Jim Kane, Andy Hickey
Pete Palladino, Doug Gooding

Blue Chip Clients    

Bank of America
Brown Brothers Harriman
Citigroup
Falcon Mezzanine Partners
G.A. Capital
Gordon Brothers   
John Hancock
JPMorgan Chase
Liberty Mutual
MassMutual (Babson)
NewStar Financial
PNC Bank   
RBS Citizens, NA
Sovereign Bank
TD Bank
The Hartford
Webster Bank
Wells Fargo

Preeminent Private Equity Clients

Represented preeminent private equity firms in acquisitions and financings, including:

Altaris Capital Partners
Avista Capital
BV Investment Partners
Heritage Partners   
Intervale Capital
Mainsail Partners
Polaris Ventures
Riverside Partners   
Summit Partners
Spectrum Equity
Symmetric Capital
Windjammer Capital

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    Douglas Gooding Selected as Fellow of The ACB

    Douglas Gooding has been selected as  Fellow of The American College of Bankruptcy for his professional excellence.  Read more...

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    Sean Monahan Named to “40 Under 40” List by M&A Advisor

    Sean Monahan has been selected as one of The M&A Advisor’s 40 Under 40 Award Winners in the Legal Advisor category. Read more...

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    Over one-third of equity partners and majority of practice areas recognized for excellence.

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    Choate was ranked among the best law firms in this year's US News - Best Lawyers "Best Law Firms" list, and has been named as an elite "National Tier 1" law firm in 4 practice areas.  Choate also received top "Tier 1" Boston rankings in 27 practice areas.  Read more...

  • Eric Marandett has been singled out as a 2015 Boston “Lawyer of the Year” by The Best Lawyers in America.  Read more...

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    Choate represented the Junior Capital division of Wells Fargo Capital Finance in connection with a $100 million term loan to national electronics retailer RadioShack, as part of the company’s strategy to refinance debt.  The loan was secured by all assets of RadioShack, with Wells Fargo having a first lien on RadioShack’s intellectual property, equipment and certain owned real estate.

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    Choate represented a syndicate of banks agented by Bank of America in connection with $250 million of revolving credit facilities for Clean Harbors, Inc., the largest hazardous waste disposal company in North America.  For tax purposes, the deal was structured such that the US and Canadian affiliates of Clean Harbors each had separate borrowing bases.  The loans to the US entities were secured by a first lien on all of their accounts receivable, a second lien on all other personal property and second lien mortgages on 11 separate properties owned by Clean Harbors throughout the US.  The loans to the Canadian entities were secured by a first lien on all of their accounts receivable.

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    Choate represented GA Capital, LLC in its capacity as Term Agent for a syndicate of lenders which provided a $85 million term loan to Borders, Inc. and its various US and UK subsidiaries.  Subsequently, Choate represented GA Capital in connection with a $55 million debtor-in-possession term loan to Borders and its subsidiaries.  Borders used the DIP facility to fund its initial operations during the commencement of its Chapter 11 proceeding.  Choate represented GA Capital and the term lenders throughout the bankruptcy proceeding of Borders, including in connection with the liquidation and wind down of the company and assets and operations.

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    Choate represents a syndicate banks agented by Bank of America in connection with $1.4 billion of revolving and term credit facilities established by the Office of the Commissioner of Baseball on behalf of 20 participating Major League Baseball Clubs.  Each Club did a true sale of its rights to National Media Revenues, MLB Properties distributions and MLB Advanced Media distributions to a special purpose entity that borrows the funds.  The firm has been counsel to the agent for these facilities since 1995.

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    Choate represented a national private investment firm in connection with a $265 million leveraged buyout of an international manufacturing company.  The acquisition was financed in part by a $150 million syndicated senior secured term loan and revolving credit facility, a $45 million mezzanine facility and by the sale to management and institutional investors of senior subordinated notes in the amount of $27 million.  Choate went on to represent the target company in securing stand-alone financing for its Chinese subsidiary.

 

Finance & Restructuring

"clients appreciate the superlative client service provided by the group, and are confident in both the team's bench strength and its proficiency as a one-stop shop"

Chambers USA

Leader in Sophisticated Financial Transactions    

Represent leading financial institutions, institutional investors, borrowers and issuers in full range of financings, including senior syndicated, second lien, mezzanine/subordinated, club and single-lender facilities, and debtor-in-possession.

Transaction Powerhouse    

Commitments in excess of $20 billion.

Complex Transactions    

Highly experienced in complex finance and restructuring transactions, including:

  • $1 billion Major League Baseball league-wide credit facility.
  • $340 million senior secured credit facility for catalog and online sporting goods retailer.
  • $165 million Florida Marlins ballpark construction financing.
  • $300 million senior secured revolving credit facility for national auto parts chain.
  • $55 million debtor-in-possession term loan credit facility to Borders book store chain.
  • $100 million senior secured credit facility for global piano manufacturer.

Reach    

Financial transactions across US and in 27 foreign countries.  

Bench Strength    

Over 25 lawyers representing major financial institutions in complex deals.  Lawyers throughout practice areas consistently receive national recognition for excellence.

Breadth    

National banks and other lending institutions; insurance companies; mezzanine funds; alternative investors; securitization, retail, project and acquisition financings; private equity funds; and borrowers/issuers. 

Experts in wide range of industry financings including in energy, healthcare, media, retail, sports and technology.  Nationally recognized as one of the leading practices of its kind by US News & World Report.

Bankruptcy & Restructuring Expertise    

Restructuring and bankruptcy expertise in and out of court representing all classes of creditors and equity holders as well as distressed companies and boards of directors.

Leading US Law Firm    

One of nation’s leading law firms for over a century.

 

Thank you for reaching out to contact Choate. Before you send your message, we wanted to make sure you are aware of the following. Please do not send any confidential information in response to this link. Sending an e-mail to Choate does not give rise to an attorney-client relationship, and will not be deemed to disqualify Choate from undertaking any engagement for a current or future client.  Before any attorney-client engagement may be formed, Choate will need to check for possible conflicts of interest, you will need to consider whether you wish to retain Choate as counsel, and we will need to consider whether we wish to accept the potential engagement. In the meantime, Choate reserves the right to represent parties with interests adverse to you.

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