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Debt Financing | Health
Care | Intellectual
Property & Rights Management | International
Investment
Management | Life
Sciences | Private
Equity | Private Investment Funds | Real
Estate
Securities & Public
Companies |
Sports Law |
Technology
Companies |
Venture Capital
& Emerging Companies
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How
big is our practice group?
44 lawyers (13 partners, 31 associates). |
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Melissa Moran (Suffolk University Law School '05) joined Ropes & Gray in 2005 and has worked on a number of significant matters as a member of the Debt Financing group. |
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What
do we do?
We represent both borrowers and lenders in loan transactions. We
assist our clients in negotiating how much money is available to
be borrowed, when it can be borrowed, where the loan fits in the
corporate structure, when it must be repaid, the interest rate and
fees that will be charged for the loan, the conditions that the borrower
must satisfy while the loan is outstanding, the guarantees and collateral
that will be provided for the repayment of the loan, and the consequences
if the borrower defaults on the loan. Once the key terms of the transaction
have been determined, we assist our clients in negotiating and drafting the legal
agreements that will memorialize those terms. |
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New York associates Pallavi Rohatgi (University of Michigan Law School LLM '05) and Ryan Tooley (University of Texas School of Law '06) have each made substantial contributions to our Debt Financing group. |
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| What
have we done lately? |
- Represented Bain Capital and other investors in obtaining $2.9 billion in aggregate financing, including a $790 million real estate securitization (for commercial mortgage backed securities), for the going-private transaction of OSI Restaurant Partners, owner of Outback Steakhouse, Fleming's, Carrabba's, Bonefish Grill and other prominent restaurant chains.
- Represented Domino's Pizza in the financing of a recapitalization
and repayment of the company's existing senior secured credit facility,
through an interim financing of $1.35 billion of bridge facilities,
and refinancing with a $1.85 billion “whole business securitization”,
which included all of the company’s domestic franchises,
revenue associated with international franchises and other revenue-generating
assets. For a description of the associate's role in this transaction, click
here.
- Represented Bain Capital and The Blackstone Group in financing their $6.2 billion going-private acquisition of Michaels Stores, an arts and crafts retail chain. The transaction included a new $2.4 billion senior secured term loan credit facility, a new $1.0 billion senior secured asset-based revolving credit facility and the issuance of $750 million of new senior notes, $400 million of new senior subordinated notes and $469.4 million of new subordinated discount notes under Rule 144A. For a description of the associate's role in this transaction, click
here.
- Represented Silver Lake Partners and TPG Capital in obtaining
approximately $6 billion in aggregate financing for the acquisition
of Avaya, a leading telecommunications equipment provider, in what
was one of the largest technology LBO's in history. For a description
of the associate's role in this transaction, click
here.
- Represented Bain Capital and other investors in financing their
acquisition of MEI Conlux, the global leader in payment acceptance
systems used widely in vending, gaming, transport and retail applications.
The transaction included a new senior secured credit facility and
a mezzanine secured credit facility. For a description of the associate's
role in this transaction, click
here.
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When do we meet?
The group meets monthly to review client and legal developments.
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