The lawyers in Robinson+Cole's Finance Group assist clients nationwide with commercial and industrial “C&I” lending. We represent lenders and borrowers in a variety of highly sophisticated secured and unsecured financing transactions, including transactions secured by, or based on, all manner of real estate and personal property. We work with banks and their special finance and merchant banking affiliates as well as with insurance companies, venture and opportunity funds, financial subsidiaries of major industrial corporations, and other financial intermediaries.
Our Commercial and Industrial Lending Team works with clients in a broad range of industries, such as:
We are familiar with the particular financing needs of these industries as well as with specialized collateral such as securities, real estate, and vessels and aircraft.
Our lawyers represent banks, insurance companies, private equity funds, and other financial services providers in connection with the following types of commercial and industrial lending transactions:
Lawyers in our Finance Group apply their experience in corporate finance and institutional lending to each transaction. We collaborate closely with other lawyers in the firm to provide full-service solutions for acquisition financings or financings involving securities (federal and state), environmental, ERISA, tax, intellectual property and/or real estate issues. To minimize insolvency risks, our group also works closely with our business workouts, bankruptcy, and creditors' rights practitioners to advise our clients on enforcement mechanisms, collateral realization, and structuring transactions.
Represented administrative agent and syndicate of lenders in connection with $200 million revolving and term-loan facility to fund a "going private" transaction, a dissenting shareholder reserve and working capital needs, secured by real property located throughout the United States and a blanket lien on all other assets.
Drafted new insurance reinvestment fund tax legislation in Connecticut and represented a group of venture capital partnerships in establishing an insurance reinvestment fund approved by the Connecticut Department of Economic and Community Development to channel investments by insurance companies into start-up or emerging businesses in Connecticut. These types of funds exist in some other states and are commonly referred to as Capco Funds.
Represented an institutional lender providing a $22 million construction loan to an affiliated group of borrowers to fund the construction costs associated with the design, procurement, and installation of 26 MW commercial rooftop solar array projects for two Fortune 50 companies to be located on 60 commercial buildings in four states and secured by all assets of the borrowers. We advised on respective rights under all contracts with equipment procurement contractors (EPCs), power purchase agreements, renewable energy certificates, agreements relating to federal investment tax credits, interconnection agreements, and maintenance agreements. The contemplated refinancing of this transaction involved the placement of permanent senior loan financing from an institutional lender, a tax credit equity investment (in the form of a "partnership flip," which involved the creation of special purpose entities) from an institutional investor, and the associated intercreditor, interparty, and other related third-party issues.
Represented a leading international cruise line in negotiation of co-branded credit card program relationship, including associated privacy, data security, and other matters.