W. Peter Beardsley

Associate

New York
Business Phone: 212.704.6357
Business Fax: 212.704.6288

peter.beardsley@troutmansanders.com

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Peter Beardsley represents lenders and borrowers in all types of finance transactions including asset-based and real estate supported facilities, leveraged financing transactions, warehouse loan facilities, lender finance, aircraft financings, ship financings, secured and unsecured lending transactions, revolving and term loan facilities, loan restructurings, and workouts and bankruptcy proceedings, including DIP loans. Peter’s clients have included banks, finance companies, private equity firms and their portfolio companies, and hedge funds. Peter has also represented buyers and sellers of loan portfolios of residential and commercial mortgages and automobile loans, distressed assets and distressed debt, and has wide-ranging experience representing debtors and creditors in commercial loan workout negotiations, pre-bankruptcy restructurings and foreclosure proceedings, including asset sales under Article 9 of the Uniform Commercial Code, and Chapter 7 and 11 bankruptcies.

Representative Matters

  • Represented an administrative agent and lender in connection with a warehouse loan facility to an SBA 7(a) lender.
  • Represented subsidiary of a national banking association in connection with sales of portfolios of consumer automobile loans.
  • Represented subsidiary of a national banking association in connection with a master forward flow agreement to sell portfolios of consumer automobile loans to an international investment fund.
  • Represented agent and lead lender in connection with a $40 million syndicated revolving credit and term loan facility to a government contractor.
  • Represented a lender in connection with a term loan used to acquire mining operations.
  • Represented a lender in connection with a warehouse credit facility to a commercial real estate finance company that makes SBA 504 loans.
  • Represented a lender as member of bank group in connection with multiple syndicated warehouse loan facilities to equipment lessors in the aviation space and other specialty finance companies.
  • Represented a borrower in connection with a $1 billion revolving credit and term loan facility in connection with an acquisition by the borrower.
  • Represented an agent and lead lender in $55 million loan to an industrial conglomerate.
  • Represented a lender as member of bank group in connection with multiple syndicated facilities to business development companies and other lender finance entities.
  • Represented a lender in a $31 million aircraft loan.
  • Represented a foreign lender in connection with a $22.7 million subdebt facility to seafood harvesting and processing company.
  • Represented a New York branch of a foreign lender in connection with letter of credit facility to support bond issuance for real estate construction project.
  • Represented a lender in a $5.265 million aircraft loan.
  • Represented a borrower in $2.175 billion acquisition financing.
  • Represented a lender in a $10 million capital call line of credit to investment fund.
  • Represented a lender in connection with a $1 million loan secured by yacht.
  • Represented a borrower in connection with a $10 million senior term loan and a $5 million revolving line of credit.
  • Represented a lender in a $4.5 million term loan secured by marketable securities.
  • Represented a lender in a $12.1 million term loan secured by a new yacht.
  • Represented a software company in connection with the negotiation and documentation of a $25 million asset-based revolving credit facility.
  • Represented an investment management firm in connection with the negotiation and documentation of a $220 million collateralized loan obligation backed by trade finance loans.
  • Represented a lender in connection with a $16.5 million term loan to acquire a yacht.
  • Represented a lender in connection with a $36 million real estate loan used to acquire a healthcare center.
  • Represented a lender in connection with a $17 million asset-based revolving and term-loan facility to a metals processing and recycling company.
  • Represented a manufacturer of steel products in connection with an $80 million senior revolving credit facility and a $4.5 subordinated credit facility used to fund a leveraged buyout by management.
  • Represented a lender in connection with an $11 million asset-based revolving and term-loan facility (with an Ex-Im Bank subfacility) to a manufacturer of industrial sewer cleaning equipment.
  • Represented a lender and its affiliates in connection with asset-based borrowing base revolving credit and term loan facilities for companies including art galleries, prefabricated steel buildings and truck component manufacturers.
  • Represented a lender and its affiliates in connection with secured revolving, term loan, subscription loan and letter of credit facilities to aviation companies, hedge funds, reinsurance companies and private equity firms.
  • Represented a lender in connection with the restructuring of obligations secured by taxi medallions.
  • Represented a national bank, in the restructurings and refinancing of financially troubled companies and borrowers in the fine art, real estate, factoring, building construction and equipment supply industries.
  • Represented a lender in connection with cash collateral, DIP financing and sale issues in the Champion Motor Group bankruptcy case.
  • Represented a foreign lender with respect to various bankruptcy matters in connection with various real estate loans relating to a $300 million warehouse line of credit to land owners and developers, and in connection with debtor-in-possession financing in the Aleris International, Inc. bankruptcy case.
  • Represented a lender in the sale of over $70 million worth of REOs.
  • Represented a lender in connection with over a dozen sales of residential and commercial mortgage portfolios.
  • Represented Delta Petroleum Corporation, a public oil and natural gas exploration and production company and eight affiliated entities in all aspects of their chapter 11 restructuring. Eight months after its chapter 11 filing, Delta confirmed an innovative plan of reorganization that both realized value for Delta’s assets and preserved over $1 billion of tax attributes for the benefit of creditors.
  • Represented Affiliated Media, Inc., the second largest newspaper company in the country as debtor in a prepackaged chapter 11 case.
  • Represented several companies, including an automotive parts supplier, a home products manufacturer, and a computer gaming developer on out-of-court workouts and restructuring of debt obligations.
  • Represented the successful stalking horse bidder for the Doral resort in Miami, Florida in the MSR Resorts bankruptcy.
  • Represented a strategic buyer and largest competitor to the debtors in bidding for substantially all the assets of National Envelope, the largest envelope manufacturer in the United States.
  • Represented a private equity firm as an existing equity holder in acquiring ownership of a reorganized chapter 11 debtor via “new value” plan of reorganization in the Atrium Corporation bankruptcy case.
  • Represented the court-appointed examiner in the Nellson Neutraceutical, Inc. bankruptcy case.
  • Represented the chapter 7 bankruptcy trustee in connection with the liquidation of a telecommunications installation company in the MetroTec Communications, Inc., and General Fiber Communications, Inc. bankruptcy cases.

Presentations and Speaking Engagements

  • Panelist, “Intro to Bankruptcy – The Basics of Bankruptcy for Leasing & Finance Professionals”, Equipment Leasing and Finance Association Legal Forum, May 8, 2017
  • Panelist, “Distressed Debt: Identifying Early Warning Signs & Maximizing Value of Distressed Portfolio Companies,” Brooklyn Law School, February 27, 2014

Publications

Professional and Community Involvement

  • Member, Equipment Leasing and Finance Association (ELFA)
  • Rocking the Boat – Member of the Board of Directors, 2017-present

Rankings and Recognition

  • Recognized in the 2013-2016 issues of New York Super Lawyers magazine as a Super Lawyer and in 2012 as a “Rising Star.”
  • Inducted into Intercollegiate Sailing Association Hall of Fame, 2000

Professional Experience

  • Associate, Troutman Sanders LLP, 2013-present
  • Associate, Hughes Hubbard & Reed LLP, 2008-2013
  • Associate, Luskin, Stern & Eisler LLP, 2006-2008

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Education

  • Brooklyn Law School, J.D., 2006
    Articles Editor, Brooklyn Law Review
    Lisle Merit Scholar
  • Amherst College, B.A., 2001

Bar Admissions

  • New York

Court Admissions

  • U.S. District Court for the Southern District of New York
  • U.S. District Court for the Eastern District of New York