Developers' counsel for $25 million in low-income housing tax credits
Represented multiple housing developers in successful bids for low-income housing tax credits totaling more than $25 million for three multifamily construction projects in metro Birmingham.
$1.56 billion syndicated secured credit facility
Local borrower's counsel for restaurant holding company and its subsidiaries in connection with $1.56 billion syndicated secured credit facility (acquisition financing).
$1.8 billion secured revolving credit facility and mezzanine financing
Local counsel for acquirer/borrower in connection with $3.5 billion acquisition of media/technology business and related senior secured term loan, secured revolving credit facility and mezzanine financing totaling approximately $1.8 billion.
$1.96 billion syndicated secured credit facility (Chapter 11 exit financing)
Local borrower's counsel for automotive parts manufacturer and supplier and its subsidiaries in connection with $1.96 billion syndicated secured credit facility (Chapter 11 exit financing).
$100 million syndicated credit facility
Represented lead bank in $100 million syndicated credit facility to manufacturer.
$44 million syndicated revolving mortgage loan repurchase facility
Represented lead bank in $44 million syndicated revolving mortgage loan repurchase facility to multi-sellers.
$65 million revolving warehouse line of credit
Represented warehouse lender in connection with $65 million revolving warehouse line of credit.
$75 Million Mortgage Warehouse Repurchase Facility
Represented buyer in connection with $75 million revolving mortgage loan repurchase facility to multiple sellers.
$97.5 million syndicated mortgage warehouse line of credit
Represented lead bank in $97.5 million syndicated mortgage warehouse line of credit.
Local counsel for acquirer/borrower in connection with $3.5 billion acquisition of media/technology business and related senior secured term loan, secured revolving credit facility and mezzanine financing totally approximately $1.8 billion.
Negotiation and closing of $1 billion syndicated credit facilities
Represented publicly-held, energy industry company and its wholly-owned subsidiary in connection with the negotiation and closing of revolving credit facilities in an aggregate amount of $1 billion.
Restructuring of $235 million in real estate financing
Represented seven related real estate companies in connection with the negotiation and simultaneous closings of the restructuring of nine separate loan facilities aggregating $235 million.
Secured revolving and term loan credit facility
Represented diversified construction and maintenance services company in connection with its secured revolving and term loan credit facility.
Secured working capital and term loan facility
Represented oil distribution company and its subsidiaries in connection with secured working capital and term loan facility.
U.S. and local counsel in financing and acquisition transactions
Served as U.S. and local counsel in several international and multi-state financing and acquisition transactions within the last year.
Bank holding company loans
Represented Alabama-based bank in connection with numerous loans to holding companies of community banks.
Bank loans to affiliates and insiders
Represented numerous banks in connection with questions arising under Sections 23A and 23B of the Federal Reserve Act (affiliate transactions) and Federal Reserve Regulation O (insider transactions).
Bank officer and director matters
Represented numerous banks in connection with changes in directors and senior executive officers, including assistance with regulatory applications and the preparation and negotiation of employment, severance and non-competition agreements.
Insurance, Banking and Tax
Secured judgment in a federal bench trial in favor of a tire manufacturer in a case brought by the U.S. government alleging underpayment of federal excise taxes
Secured jury verdict in favor of bank in lender liability case where guarantor claimed he was defrauded into guaranteeing a bank loan
Obtained judgment on behalf of a bank against parties who had attempted to defraud the bank in connection with a counterfeit cashier’s check scheme
Served as "severity counsel" for a large insurance company, providing advice for the handling of high-exposure matters and oversight for the work of counsel hired by the insurer to defend such cases
Served as counsel to large, multi-state insurance company with respect to agent issues in Tennessee
Defended insurance company in litigation with bank arising from a large flood loss sustained by a hotel (bank alleged that insurance company violated bank’s security interest due to distribution of insurance proceeds to the hotel owners)
Represented insurance company in coverage dispute with guitar manufacturer arising from major flood damage to manufacturing facility
Loan syndications and participations
Represented numerous lead and non-lead banks in syndicated loan transactions and loan participation transactions.
Multifamily Properties Acquisition Transaction
Represented Buyer in transaction involving the acquisition of multifamily properties in Alabama and the assumption of existing debt.
Office Building Construction Loan Facility
Represented Lender on a $49,000,000 construction loan for an office building development in California.
Purchases and sales of bank property
Represented a large financial institution in connection with numerous sales and purchases of branch sites.
Securitized Loans Consent Transaction
Represented Borrowers/Guarantors in obtaining multiple consents/modifications on more than 20 securitized loans.
Senior Housing Construction Loan Facility
Represented Lender on a $35,000,000 construction loan for an independent living/assisted living/memory care facility in Tennessee.
Represented numerous Alabama-based banks and bank holding companies in connection with annual and special shareholder meetings, including the preparation of proxy materials.