RK&O’s Lending lawyers are skilled in matters facing investment banks, hedge funds, private equity firms and other non-bank institutions, which are increasingly providing debt financing that was once the domain of commercial banks. Our lawyers are trained in matters facing both senior and junior capital investors as well as critical insolvency issues impacting the structuring of these investments. With this multidisciplinary approach, we craft creative, cost-effective financing solutions. more +
RK&O regularly advises on cash flow-based lending, asset-based lending, leveraged buyout financing, acquisition financing, recaps, debtor-in-possession (DIP) financing, exit financings and other secured−including multi-lien and unitranche facilities−and unsecured financings. Our lawyers advise clients on the structure, documentation and negotiation of all aspects of the financing transaction, from the initial commitment or engagement to the closing of the transaction and perfection of security interests.
Beyond addressing legal issues, we frequently help our clients analyze the commercial and credit risks involved in senior secured, first lien, second lien, mezzanine, PIK and DIP loan transactions. We represent participating or potential lenders in the review, analysis and revision of draft credit facilities by identifying the material covenant exceptions and other core issues that may exist in the loan documentation. We also represent investors in second lien and other subordinated loans and have strong experience in negotiating and seeking to improve the creditor rights available to a junior creditor. Our attorneys work closely with our Bankruptcy & Special Situations Investments practice, providing the lending support in connection with out-of-court restructurings, DIP loan transactions and Chapter 11 exit financings.
In addition to its established European and U.S. presence, RK&O routinely advises clients in connection with cross-border and emerging market transactions in Eastern Europe, Africa and the Middle East. Our lending lawyers work with local counsel to help clients apply proven investment techniques in a variety of jurisdictions. Drawing on this experience, we help clients understand and address the heightened political, legal and commercial risks often associated with emerging markets.
Our lawyers routinely advise lenders on the structure, documentation and negotiation of all aspects of the financing transaction.