Debt Finance

Overview

"Their strengths are their experience, technical knowledge and ability to make a complex situation simpler."

– Chambers USA 2021

BakerHostetler clients rely on our Debt Finance team to execute their most complex capital needs in the global debt finance market. We have assisted some of the world's largest market leaders in the energy, healthcare, hospitality, media and transportation sectors with their financing needs for everything from acquisitions to capital restructuring. We also represent bank groups and other credit sources in structuring U.S. and international credit facilities, including both upside credit restructurings and downside credit management issues.

We work with credit structure, documentation and collateral issues in all types of senior and subordinated commercial and asset-based facilities, including public issuance and private placement of senior and subordinated notes. Our lawyers have broad capabilities in project finance, real estate portfolios, receivables and other financial instruments. We help borrowers secure low-cost financing while using sophisticated techniques to protect lenders.

Our capabilities in lease financing, particularly sale-leaseback and synthetic lease transactions, are well known in the industry. We have a long and successful history of representing public sector and not-for-profit borrowers and their underwriters in issuing tax-exempt debt and other public finance instruments.

Each year we represent clients in billions of dollars of debt finance transactions involving the most sophisticated debt financing techniques.

Select Experience

  • Represented a private equity fund in financing the acquisition of multiple consumer products companies, including structuring the credit relationship to allow for growth, interim returns to sponsors and exit strategies.
  • Represented a specialty chemicals company headquartered in Cleveland, Ohio in connection with its syndicated revolving and term loan credit facilities totaling up to $600 million, in its offering of $172.5 million of convertible senior notes and its simultaneous acquisition via tender offer of publicly issued promissory notes, in its offering of $250 million of high-yield notes and in its $50 million trade receivables securitization facility.
  • Represented Denbury Resources Inc. in an issuance of $1 billion 8.25 percent senior subordinated notes due 2020, of $420 million 9.75 percent senior subordinated notes due 2016, and of $400 million 6.375 percent senior subordinated notes due 2021.
More »

Professionals

Name Title Office Email
Partner Cleveland
Associate Cleveland
Associate Los Angeles
Associate Cleveland
Partner Los Angeles
Partner Orlando
Partner Cleveland
Associate Cleveland
Partner Cleveland
Partner New York
Partner Los Angeles
Associate Columbus
Counsel Cleveland
Partner New York
Partner New York
Associate Cleveland
Counsel New York
Counsel New York
Partner Cleveland
Associate Cleveland
Partner Cleveland
Partner Cleveland
Associate Dallas
Associate New York
Partner New York
Partner Chicago
Partner Cleveland
Associate New York
Associate Cleveland
Partner Cleveland
Partner Cleveland

Experience

  • Represented a private equity fund in financing the acquisition of multiple consumer products companies, including structuring the credit relationship to allow for growth, interim returns to sponsors and exit strategies.
  • Represented a specialty chemicals company headquartered in Cleveland, Ohio in connection with its syndicated revolving and term loan credit facilities totaling up to $600 million, in its offering of $172.5 million of convertible senior notes and its simultaneous acquisition via tender offer of publicly issued promissory notes, in its offering of $250 million of high-yield notes and in its $50 million trade receivables securitization facility.
  • Represented Denbury Resources Inc. in an issuance of $1 billion 8.25 percent senior subordinated notes due 2020, of $420 million 9.75 percent senior subordinated notes due 2016, and of $400 million 6.375 percent senior subordinated notes due 2021.
  • Represented a publicly-traded national real estate company on its $800 million secured term loan agreement, including strategic analysis of possible amendments and negotiation of a revised pledge agreement.
  • Represented Milstein Entertainment, LLC and Northfield Park Associates, LLC (NPA) in the sale of a 20 percent interest in NPA to and a $53 million subordinated loan from, a joint venture between Hard Rock International and Och-Ziff Capital Management Group. In connection with the subordinated loan, we also represented NPA in a $195 million first lien senior secured bank credit facility. The proceeds from the loans are being used to finance construction of the Hard Rock Rocksino Northfield Park.

Recognition

  • Chambers USA: Recognized Practitioner in Banking & Finance in Ohio (2018)
  • U.S. News - Best Lawyers "Best Law Firms" Banking and Finance Law (2016, 2017)
    • National, Tier 2
    • Metro Cleveland, Tier 1
    • Metro Columbus, Tier 2
  • Recognized as one of the top law firms for client service, BakerHostetler was named to the 2020 BTI Client Service 30 for the sixth consecutive year.

Publications