Special Situation Lending: Chapman and Cutler LLP

Overview

Chapman represents lenders, investors, borrowers, and issuers in lending transactions supporting all stages of a company’s growth cycle.

We are a go-to firm for structuring debt and credit facilities for mergers and acquisitions, equity and asset acquisitions, and capital improvement and working capital lines of credit. Our work includes single and multi-bank credit facilities, loan syndications, asset-based financings, equity co-investments, cross-border secured transactions involving multi-currency availability, and securitization.

We have worked with virtually every type of collateral and asset class related to growth capital financing. Our leveraged finance experience includes senior, mezzanine, first lien/second lien, and unitranche lending platforms. We advise in all phases of portfolio company financing, from direct fund borrowings intended to bridge, to capital calls, to long-term leveraged credit facilities, to specialized structures including recurring revenue financings.

Representative Matters

In connection with the Main Street loan program introduced by the federal government in 2020 in response to the need to provide pandemic loan funds to businesses, Chapman provided input on the program rules, spoke to officials at the Federal Reserve, and represented nine borrowers which collectively accessed approximately $340 million in Main Street Loans.
Counsel to life sciences hedge fund in connection with purchasing warrants alongside a $20 million senior secured loan to a cancer treatment development company.
Counsel to a life sciences company in connection with the structuring of a $40 million loan, with an additional accordion facility of up to $20 million and associated warrants, involving a European-headquartered investment firm.
Counsel to not-for-profit higher education institution in connection with the assignment of its rights under a long-term lease to a not-for-profit tenant.
Counsel to a not-for-profit higher education institution in connection with the monetization of financial assets and refinancing of existing indebtedness through new $125 million CMBS loan facility.
Counsel to an investment fund in connection with the securitization of several portfolios of defaulted tax lien assets and as a borrower under credit facility secured by portfolio of defaulted tax lien assets.
Counsel to several Israeli investment funds in connection with mezzanine and secured loans, including acquisition, inventory and construction loans, to owners of commercial and residential real estate located in the US.
Counsel to a lender in connection with its bridge loan to a coal company, Cambrian Holding Company, Inc., and the purchase of such company.
Counsel to the agent of a four-member syndicate in a “loan to own” transaction of an integrated temperature controlled logistics services business.
Counsel to a secured lender in in connection with a roll-up DIP facility.
Counsel to the agent and lender in a syndicated loan facility to a company in the motor vehicle parts and supplies merchant wholesalers industry.