Lender and Administrative Agent Representations: Selected Experience

The following is a list of illustrative lender transactions handled by attorneys in Verrill’s Commercial Lending Group:

• Representation of lender, administrative agent and swingline lender in connection with an agented secured loan facility aggregating $90 million that includes a revolving loan facility, a letter of credit facility, a swingline loan facility and a term loan, for a petroleum products distribution business
• $44 million mortgage loan to finance the acquisition of an office complex in Portland, Maine
• Representation of lender and administrative agent in a secured agented loan facility aggregating $16 million, to finance the acquisition of specialized tanker trucks by a natural gas company
• $16.5 million construction and term mortgage loan to finance the conversion of a building into an office building
• $24 million mortgage loan to refinance a commercial building in New York City
• $15.1 million mortgage loan to acquire a commercial building in Boston
• $17.4 million construction and term mortgage loan to finance the acquisition and renovation of a commercial building in New York City
• $24.5 million mortgage loan to finance the acquisition of a commercial building in Somerville, Massachusetts
• $10.5 million mortgage loan to refinance a hotel located in Durham, North Carolina
• $12 million mortgage loan to finance the acquisition of two medical office buildings located in Maine
• $5.6 million construction mortgage loan to a non-profit corporation to finance the construction of a new residential care facility in Maine
• $20 million unsecured reducing revolving loan facility for a multi-national educational business
• Secured loan facility aggregating $2.7 million that includes a revolving loan and a mortgage term loan, for a medical device manufacturing business
• Secured loan facility aggregating $10 million that includes a working capital revolver, an equipment revolver and a term loan, including a letter of credit facility, for a group of food processing businesses
• Secured loan facility aggregating $17 million that includes a line of credit and a term loan, for a food distribution business
• Secured loan facility aggregating $24 million that includes a line of credit and a term loan, for a multi-state manufacturing business
• $25,000,000 secured line of credit for a multi-state industrial and mechanical construction business
• Secured loan facility aggregating $10.3 million that includes term loans, mortgage loans and a revolving loan facility with a letter of credit facility, for a manufacturing business with locations in two states
• Secured loan facility aggregating $5 million that includes a line of credit and a term loan, for a communications business
• Secured loan facility aggregating $11.8 million that includes multiple lines of credit, revolving lines that convert to term loans, and term loans, for a group of equipment repair and restoration businesses
• Secured loan facility aggregating $28.2 million that includes a line of credit that is seasonally adjusted, a letter of credit facility, term loans and an equipment revolver, for a regional product distribution business
• Secured loan facility aggregating $6.875 million that includes multiple term loans, a construction loan (converting to term) and multiple lines of credit (for equipment acquisition and for working capital), for a group of nursing homes
• Secured loan facility aggregating $9.2 million that includes lines of credit and term loans, for a group of companies in the natural resources business
• Secured loan facility aggregating $8.05 million that includes term loans, a working capital line of credit and an equipment acquisition line of credit, for a machine manufacturing business
• Secured loan facility aggregating $4.05 million that includes a term loan and a line of credit, for a local utility business
• $10,000,000 line of credit facility for a multi-national paper making company
• Representation of letter of credit bank in connection with the issuance of $6,525,000 in aggregate amount of Revenue Obligation Securities issued in connection with an expansion of an existing manufacturing facility
• Secured loan facility aggregating $30 million that includes an asset-based working capital line of credit and an equipment line of credit, for a distributor
• Representation of letter of credit bank in connection with the issuance by the Finance Authority of Maine of $5,065,000 in aggregate amount of Revenue Obligation Securities in connection with the construction of a new publishing facility
• $4,500,000.00 mortgage loan for the acquisition of an office building in New Hampshire
• Secured loan facility aggregating $5 million that includes a line of credit, term loan and equipment financing facility, for a tool and die manufacturing company.
• Representation of lender and administrative agent in connection with several different multi-lender line of credit loans (secured and unsecured) provided to publicly held Real Estate Investment Trusts
• Representation of lender in connection with several so-called “mezzanine loans” secured by pledges of the limited liability company membership interests in the single-purpose entities that own real estate, including the negotiation of intercreditor agreements between the first mortgage lender and the mezzanine lender
• Continuing representation of the Maine Health and Higher Educational Facilities Authority (MHHEFA), an instrumentality of the state which issues bonds for the construction and renovation of hospitals, nursing homes and higher education facilities