The finance practice group at Morgan, Lewis & Bockius LLP is proficient in a spectrum of financial transactions, encompassing asset-based loans, distressed and special situation lending, syndicated lending, and refinancing. Marjorie Crider heads the Boston team and boasts a strong track record in asset-based loans, especially those involving the retail sector. Andrew Budreika manages the Philadelphia practice, while the New York office is managed by Grigory Marinichev and offers clients expertise in restructuring, syndicated lending, and refinancing mandates. Heather Lynn Wenzel is the primary contact for the Hartford office. Paul Costa is highly active in Boston within the cash flow and asset-based financing sectors. In the New York team, Saman Zand stands out for his expertise in secured and unsecured syndicated lending.
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Key clients
- Bank of America, N.A.
- Wells Fargo Bank, National Association
- JPMorgan Chase Bank N.A.
- U.S. Bank National Association
- Callodine Commercial Finance
- Capital One
- Kraft Group LLC
- SLR Credit Solutions
Work highlights
Represented Bank of America, N.A. and BofA Securities, Inc., as Lender and Administrative Agent and Lead Left Arranger and Bookrunner, respectively, in a $1.8 billion senior secured credit facility to Saks Global Enterprises LLC and its affiliates in connection with the acquisition by Saks of Neiman Marcus Group. The transaction also involved the issuance of $2.2 billion in senior secured notes and $1.3 billion of equity.
Represented Wells Fargo in connection with private equity firm, Sycamore Partners' $10 billion acquisition of Walgreens Boots Alliance. This included a $4.5 billion revolving facility for Walgreens U.S. Retail locations.
Represented Bank of America in connection with the workout of loans to Weber-Stephen Products LLC, the world's premiere manufacturer of charcoal, gas and electric grills and accessories, including an extension and modification of Weber’s $300 million cash-flow revolving credit facility.
Practice head
Marjorie Crider; Andrew Budreika; Grigory Marinichev; Heather Lynn Wenzel
Other key lawyers
Paul Costa; Saman Zand; Marion Barish; Kate Weinstein