L&G Law Group represented a borrower in the transportation industry in the refinancing of its senior debt through a leading global investment fund management company.  The $95MM credit facility replaces the client’s current bank loan facility as well as its federal government loan.  Proceeds of the loan also were used for working capital and other purposes.  The facility involved the extension of credit secured by the specialized assets of the client located across the United States as well as the pledge of the owners’ ownership interests in the client, and featured the issuance of several equity warrants in favor of the new lender.

The L&G Law Group team consisted of Gerald Haberkorn, Robert Leavitt, James Froberg, Thomas Hirsh, Lindsay Gans, Charlotte Felber, Evan Ahto and Christopher Riley, who exclusively handled all legal aspects of the transaction for the client including the structuring, drafting and negotiating of the loan, security, pledge, mortgage and warrant documentation.  The team, pictured below, traveled to New Orleans by train with the client to mark the closing of the refinance.

For more information, please contact:
Jerry Haberkorn, (312) 456-2701
geraldh@lgcounsel.com

Photo Caption:  L&G Law Group team arrive in New Orleans to celebrate Client’s refinance closing.  Pictured (left to right) are: James Froberg, Evan Ahto, Robert Leavitt, Lindsay Gans, Charlotte Felber, Gerald Haberkorn, Thomas Hirsh and Christopher Riley.