Cases
Representative Matters: Private Equity: Represented Red Lion Hotel Corporation (RLH: NYSE)
nine of its subsidiaries in obtaining $40 million in senior secured credit for the purchase of additional hotel assets
working capital.
Lender Counsel: Secured lender counsel to U.S.-based insurance company in connection with bankruptcy case of shopping mall owner/developer
real estate investment trust,
subsequent restructuring of $400 million of secured loans.
Secured lender counsel to bond insurer MBIA Insurance Corp. in connection with bankruptcy case of Allegheny Health Education
Research Foundation
affiliated hospitals.
Represented Patriarch Partners LLC, collateral manager of securitization vehicle, in connection with debt default due to hospital insolvency.
Secured lender counsel to European-based bank in connection with restructuring loans in an $87 million portfolio made to U.S. borrowers.
Private Equity: Represented Polder Housewares
its affiliates in the sale of substantially all of their assets to a buyer which is majority owned by entities affiliated with Topspin Partners, a suburban New York-based private equity fund.
Represented WineAccess, Inc., a direct-to-consumer (DTC) wine eCommerce company, in its acquisition by Norwest Venture Partners, a global, multi-stage venture capital
growth equity investment firm.
Represented POSC Holdings, LLC, an integrated oilfield services company
portfolio company of Argosy Private Equity, in its acquisition of Eagle Automation Limited, a leading oilfield automation company offering services complimentary to POSC Holdings, LLC's subsidiary, Panh
le Oilfield Services Company, Inc.
Represented Guardian Capital Partners in the acquisition of a controlling interest in Kwik Tek Inc. for an undisclosed sum.
Represented private equity firm Guardian Capital Partners in its acquisition of the nation's leading provider of ready-made slipcovers
related accessories from D.E. Shaw & Co. As part of the representation, advised Guardian in related senior-credit, mezzanine
equity-financing transactions.
Represented Guardian Capital Partners in its acquisition of majority interest in R&D Circuits, Inc., a New Jersey-based manufacturer of printed circuit boards, for an undisclosed sum.
Project
Municipal Finance: Bond counsel to the Philadelphia Authority for Industrial Development in connection with the sale
securitization of the first-ever tax lien securitization to be undertaken in the Commonwealth of Pennsylvania. The City
the School District of Philadelphia each securitized their respective interests in delinquent real property taxes having an aggregate face value of $190 million.
Borrowers' counsel to Philadelphia Project Finance, LLC, Philadelphia Renewable Bio-Fuels, LLC, Philadelphia Project Holding, Inc.,
other affiliated entities, as owners/operators of sewage treatment plant in connection with a $68 million bond issuance for construction
working-capital needs related to plant.
Cross-Border: Represented Iroko Pharmaceuticals, LLC in connection with a $140 million secured loan facility with CRG, a healthcare investment fund,
the simultaneous pay-off of Iroko's loan facility with another lender.
Represented Iroko Pharmaceuticals, a global specialty pharmaceutical company dedicated to advancing the science of responsible pain management, in securing $75 million in debt financing to support general business operations
the commercialization of Iroko's FDA-approved ZORVOLEX (diclofenac), a drug that uses iCeutica Inc.'s proprietary SoluMatrix Fine Particle Technology to both reduce the dosage of active ingredients ingested by the patient
accelerate the dissolution of the drug in the patient.
Represented a foreign based entity in its purchase of a company owning a 9.14 acre site
building in Miami, Florida for a cash purchase price of $43,540,000, including assumption of existing indebtedness. The property is net leased for 20 years to the U S General Services Administration
houses a high-tech drug testing laboratory for the Drug Enforcement Administration.
Counsel to Asiatic Worldwide Limited in connection with bankruptcy of a U.S. shipping company.
Represented Banco International de Costa Rica, S.A. as lender, collateral agent
administrative agent in connection with the secured export financing facility to finance Banana International Corp.'s export of fruit. The facility is guaranteed by Banana International's parent, Banacol Corp.
