Chadbourne’s Finance Practice includes experienced lawyers in both our US and international offices who structure, negotiate and execute a wide range of financing transactions, including syndicated credit facilities, leveraged financings, structured finance and securitization transactions, lease financings, trade financings, restructurings and workouts, derivative transactions and trust and agency matters. Chadbourne’s Finance Practice earned its reputation for problem solving through working on innovative solutions and cutting edge transactions touching on a wide array of industries. Chadbourne’s substantial industry expertise in key areas such as aerospace and defense, automotive components, consumer products, energy, healthcare and pharmaceuticals makes us particularly well-suited to assist clients (both on the lending and on the borrowing side) operating in sectors that are driving the new global economy in the 21st century.
First Securitization of Rooftop Solar Energy
Chadbourne represented SolarCity Corporation in the first securitization of distributed (rooftop) solar energy assets. The securitized notes received an investment grade rating of BBB+(sf) by Standard & Poor’s based on cash flows from a pool of SolarCity’s residential and commercial and governmental customer contracts, related photovoltaic systems and ancillary contract rights.
Rockwell Collins Acquisition Financing
Chadbourne represented Rockwell Collins, Inc. in connection with (i) a US$900 million 364-day senior unsecured bridge term loan agreement in connection with the acquisition of ARINC Incorporated, (ii) a US$1 billion five-year senior unsecured revolving credit agreement, to be used for general corporate purposes and (iii) a US$200 million 364-day senior unsecured revolving credit facility.
Citibank Finances MeadWestvaco Corporation
Chadbourne represented Citibank, N.A., as lead arranger and administrative agent, in connection with a US$850 million syndicated facility (US$600 million revolver and US$250 million delayed draw term loan) for MeadWestvaco Corporation.
Chadbourne Represents Trustee in Restructuring of Notes Issued to Finance Construction of Trump Ocean Club in Panama
Chadbourne represented Delaware Trust Company, as trustee, in connection with the issuance of US$220 million 9.50% Senior Secured Notes due 2017 issued by Newland International Properties Corp. The notes were issued under a pre-packaged Chapter 11 plan in exchange for notes issued to finance the construction of the Trump Ocean Club in Panama.
Chadbourne Represents Sovereign Bank in Wind Farm Sale-Leaseback
Chadbourne represented Sovereign Bank, a subsidiary of Banco Santander, in connection with the sale-leaseback of a 102.5 MW wind farm in California with enXco, the US development arm of Electricité de France, the French national utility, as the seller/lessee. This is one of only a handful of wind farms that have been financed using sale-leasebacks in the US.
Chadbourne Represents ING Bank N.V. in US$450 Million Syndicated Revolving ACC Pre-Export Finance Credit Facility
Chadbourne represented ING Bank N.V. as mandated lead arranger in relation to a structured US$450 million syndicated revolving ACC pre-export finance credit facility to Brazilian sugar and ethanol producer Biosev S.A. and Biosev Bioenergia S.A., guaranteed by Biosev Bioenergia International S.A. The transaction was named “Deal of the Year” by Global Trade Review magazine and “Best Americas Commodities Finance Deal of the Year” by TXF Magazine.