Michael’s experience includes the representation of:

• a national bank, as agent and lender, in a syndicated $125 million secured revolving credit facility to a leading clothing distributor
• a financial institution, as agent, lender and arranger, in a syndicated $150 million Chapter 11 exit financing provided to affiliated companies in the business of providing global defense aviation and civil aviation services, including intercreditor arrangement with second-lien term debt holders
• a series of co-borrowers in a syndicated $65 million senior secured revolving cash flow credit facility
• a financial institution, as agent, in a syndicated $50 million secured acquisition financing, with a split lien intercreditor arrangement with a revolving lender
• a series of portfolio companies, as co-borrowers and guarantors in a $25 million syndicated secured first-lien revolving credit facility and $81.5 million multi-tranche secured second-lien term loan, including intercreditor agreement with second-lien term loan lender
• a national bank, as agent, lender and arranger, in a syndicated $45 million secured acquisition financing and revolving credit facility to a leading provider of professional services
• an investor in connection with the purchase of a distressed loan from the special servicer of a CMBS trust
• various mutual funds and municipal funds, as borrowers, in connection with redemption and leverage credit facilities
• a bank, as agent and lender, in senior secured capital commitment credit facilities for private equity funds
• various investors, as purchasers, in domestic and cross-border private placements of debt
• various banks, as syndicate lenders, in multi-billion dollar secured and unsecured, domestic and cross-border credit facilities
• several national banks, in senior secured asset based, cash flow and dividend recapitalization financings
• a financial institution in various debt-to-equity conversions and other restructuring transactions

• Presenter, “Structuring Financial Covenant, Cash Management, and Other Lender Protections in Mortgage Documents,” Strafford Webinar