Overview

Seth represents lenders and borrowers in a variety of debt transactions, ranging from private equity-sponsored leveraged buyouts and recapitalizations to senior secured and unsecured syndicated working capital facilities.  As a Senior Associate in our Corporate group, Seth also works with lenders, borrowers and investors in connection with bankruptcy reorganizations and out-of-court debt and equity restructurings.

Representative Experience

• Counsel to JPMorgan Chase Bank as Administrative Agent in multiple syndicated working capital facilities, including a $550 million multi-currency facility for Cabot Corporation, a $300 million multi-currency facility for IDEXX Laboratories, Inc., and a $150 million multi-currency facility for Progress Software Corporation.
• Counsel to Abacus Finance Group as Administrative Agent in several private equity-sponsored leveraged buyouts and recapitalizations of lower-middle-market companies, with term loan and revolving credit facilities ranging from $5 to 32 million. Negotiated intercreditor agreements with subordinated unsecured and second-lien creditors. Sponsor groups have included Shoreview Industries, Cortec Group, Symmetric Capital, Kinderhook Industries, Trivest Partners, WestView Capital Partners and Southfield Capital Advisors.
• Counsel to Bank of America as Administrative Agent in a $250 million unsecured, syndicated credit facility to UniFirst Corporation.
• Counsel to Bank of America as Administrative Agent in a $125 million senior secured, syndicated credit facility to On Assignment, Inc.
• Counsel to HSBC as Administrative Agent in a $135 million syndicated credit facility to a leading apparel manufacturer.
• Counsel to RBS Citizens as Administrative Agent in a $45 million senior secured, multiple-lender credit facility to a private oil and gas manufacturing company.
• Counsel to a major commercial bank as Administrative Agent in a $550 million pre-petition, senior secured credit facility on behalf of a 70-lender syndicate in connection with the borrower’s Chapter 11 bankruptcy reorganization.
• Counsel to a major commercial bank providing $80 million of debtor-in-possession financing.
• Counsel to a national real estate investment management firm in multiple land acquisition and construction loans ranging from $17 to 120 million.
• Counsel to a global real estate investment management firm in restructuring a distressed investment portfolio with its development partner and various fund- and project-level lenders.