Benesch’s Commercial Finance & Banking Practice Group integrates the corporate, commercial, bankruptcy and real estate experience of attorneys and focuses directly on meeting the legal and related business needs of commercial lenders and financial institutions. We also assist borrowers in financing transactions (other than opposite our lending clients), which enables us to bring efficiencies to the table. The approach to services is based on bringing together targeted legal experience and a dedicated core group of attorneys, appropriate staffing, practical solutions and cost effectiveness. Benesch has been recognized by Chambers & Partners in Chambers USA 2023 for the Banking & Finance practice area.
The Commercial Finance & Banking Practice Group, along with members of the Corporate & Securities Practice Group, is active with mezzanine financings and the relationships between senior and junior lenders. We work closely with lending officers and others in structuring and documenting mezzanine financings, and we understand the interplay between all layers of debt financing and equity holders.
We represent lending institutions in small business, middle market, and larger corporate loan originations. Transactions range in size from managing loans of $5 million to more than $400 million.
Multiple Borrower Transactions
Benesch represents financial institutions in recapitalization and work-out transactions ranging in loan size from $5 million to over $400 million, involving borrowers doing business in retail, manufacturing, distribution, real estate and other industries.
We serve as counsel in various real estate and other asset securitization and conduit financing transactions, both in the Midwest and nationally. The size of the asset pools has ranged from $50 million to $1.9 billion, including assets such as automobile lease, automobile purchase contract, health care and franchise restaurant.
Represented a lender in originating a $30 million loan facility to a multi-state hamburger restaurant franchisee.
Represented a lender in originating a $51 million loan facility to a multi-state hamburger restaurant franchisee.
Represented a lender in originating a $160 million ABL facility to a multi-state home improvement retailer.
Represented a lender in the workout of a $5 million loan to a pizza restaurant franchisee.
Represented a lender in originating a $26 million gas pipeline construction loan facility.
Represented a lender in the workout of a $4.3 million loan to a fried chicken restaurant franchisee.
Represented various lenders in workouts and foreclosures of loans made to senior living centers.
Representing a bank in defending against a $250 million in lender liability claim.
Represented publicly traded international footwear manufacturer in its separate $150 million syndicated ABL facility and $130 million syndicated term facility used to fund the acquisition of a footwear line from a separate public company.
Represented large heavy equipment auctioneers in litigation involving claims of collusion in a bankruptcy sale and in litigation alleging an improper Article 9 sale.
Represented lender in the workout of $11 million public finance bond supporting a university.
Represented alcohol distiller borrower in the origination of a $13.5 credit facility.
Represented lender in the workout of a $10 million loan to a drug manufacturer secured by pharmaceuticals and intellectual property.