Syndicated Loans

Our Troutman Sanders lawyers have extensive experience representing administrative agents, lenders and borrowers in a wide range of syndicated financing transactions in the corporate and real estate markets, and in corporate and commercial and homebuilder real estate transactions. We advise clients in structuring agency and intercreditor provisions that govern the relationships among the administrative agent and the other lenders. To achieve an appropriate allocation of risk, we help clients negotiate the relationships of the administrative agent and lenders with the borrower, including unanimous and required lender approval provisions, waterfall provisions and defaulting lender provisions.

Our firm is a member of the Loan Syndications and Trading Association (LSTA) and our lawyers are familiar with the latest trends in the syndication markets. We have experience in all types of syndicated loan facilities in the corporate, real estate and asset-based markets, including revolving credit facilities, term A loans, term B loans, construction loans, permanent real estate financings, acquisition financings or equipment financings.

Representative Experience

Real Estate 

  • Represented two lenders, as agent for each, in connection with a $207.5 million syndicated construction loan to finance the construction of the Legg Mason Tower, a mixed-use hotel, residential and retail high-rise project in Baltimore, Maryland.
  • Represented a lender, as agent and lead lender, on a syndicated $147 million senior secured construction facility for the construction of 170-key Ritz Carlton hotel and 23 branded whole ownership residences.
  • Represented national bank, as agent, in connection with a $130 million syndicated term loan to refinance and provide lease-up and renovation financing for two office and retail buildings in Crystal City, Virginia.
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Corporate

  • Served as lead counsel to a multinational producer of premium specialty papers and resin-based products in connection with a $500 million syndicated revolving credit facility.
  • Served as lead counsel to a publicly held farm equipment distributor and manufacturer in connection with a $1 billion acquisition revolving credit and term loan credit facility.
  • Served as lead counsel to a publicly held multinational equipment manufacturer in connection with a €200 million term loan facility.
  • Served as lead counsel to a regional provider of fiber-based bandwidth infrastructure and services in connection with a $425 million syndicated secured revolving credit and term loan facilities.
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Asset-Based

  • Served as lead counsel to a multinational pulp and paper manufacturer in connection with $665 million syndicated secured revolving credit facility and an $850 million secured high yield notes offering.
  • Represented a multinational company with respect to a $200 million senior secured syndicated credit facility.
  • Represented a national home builder in a $500 million senior secured syndicated revolving loan credit facility.
  • Represented the agent bank in a $50 million senior secured revolving credit facility and acquisition term loan to a government contracts company.
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