Kaye Scholer’s well-known Finance Department serves leading US and international money centers, banks, commercial finance companies, insurance companies, merchant banks, buyout funds and other corporate borrowers in complex and traditional debt financing transactions. Our dedicated lawyers understand the intricacies involved with a broad range of domestic and international financing transactions and efficiently deliver market-advancing solutions. We are ranked as a Top Tier practice for securitization and finance law, and equally singled out for our strengths in areas including structured finance and derivatives, syndicated and leveraged finance and project development and finance, with particular focus in the energy and infrastructure, transportation and financial institution regulation sectors.
In the Market
- Kaye Scholer Represents Investors in Volkswagen Diesel Emissions Litigation September 28, 2016 • Client Successes
- Bloomberg Business: Moriarty Returns for “Taking Stock” ETFs & Bitcoin Podcast September 22, 2016 • Media Mentions
- Axford and Williams Discuss UK Influence on EU Banking Rules in Law360 September 21, 2016 • Media Mentions
- Kaye Scholer Advises The Mortgage Lender on £250 Million Warehouse Financing September 2, 2016 • Client Successes
- Kaye Scholer Advises Veracen on Merger of Equals with Turner Investments August 31, 2016 • Client Successes
- Airfinance Journal Names Kaye Scholer as a Top Firm August 25, 2016 • Recognitions
- Best Lawyers 2017 Recognizes 41 Kaye Scholer Lawyers August 15, 2016 • Recognitions
- ETF.com Featured Moriarty in “How ‘Women in ETFs’ is Making Inroads” August 5, 2016 • Media Mentions
- Summer Associates Successfully Assist Transgender Clients July 27, 2016 • Client Successes
The Numbers: Our Accomplishments
- $60 billion Multitranche, multicurrency transaction we structured, negotiated and executed to help stabilize Swiss financial system
- 40+ Lawyers in Finance Department
- 5 out of 6 Number of first-ever, award-winning A5 A-model roads PPP we advised
- 7 Consecutive years ranked by Chambers USA in Capital Markets: Securitization
Capabilities: How We Do It
We are nationally and internationally recognized for our unparalleled skills and service in the following areas:
- Secured and unsecured loans
- Domestic and international loan syndications
- Acquisition financing
- Asset securitization and structured finance
- Asset-based financing
- Loan workouts and debt restructuring
- Trade and supply chain finance
- Interest rate and currency swaps and other derivative products
- Leveraged leasing
- Project development and financing
- Aircraft, rail and other asset financing
- Leading private equity fund: In its role as investment advisor for the third party institutional investors in the equity of a $360 million aircraft engine asset-backed securitization, involving the purchase of 32 aircraft engines from GE Capital Aviation Services (GECAS).
- Major investment bank: On its acquisition of a portfolio of 27 commercial aircraft-secured loans, as well as on the subsequent securitization or sales of certain of the acquired aircraft-secured loans. In addition to the transactional complexity, the securitization of certain of the acquired aircraft-secured loans was notable because it was one of the first such securitizations since the financial crisis.
- Spirit AeroSystems Inc.: In a $1.2 billion debt refinancing, including a $550 million term loan B and a $650 million revolving credit facility.
- Infigen Energy: In its $95 million acquisition of the direct and indirect Class A tax equity interests in nine US wind farms with a total installed capacity of 804 MWs. In addition to negotiating the acquisition and financing arrangements, we also advised on FERC issues and unique tax issues associated with production tax credits available to wind farm projects in the US.
- This transaction was the first-of-its-kind solar ABS as a purely commercial portfolio.
- European Investment Bank (EIB): As senior and LGTT (mezzanine) lender on the financing of the award-winning A5 A-model roads PPP. We advised on five out of the first six German A- and V-model roads PPPs in different roles as counsel to the lenders or the sponsors.
- This work was named Project Finance Deal of the Year by IFLR (2010).
- Tall Tree Investment Management: As collateral manager and, in certain cases, issuer’s counsel, in six CLO transactions, including two CLO 2.0 transactions—Tuolumne Grove CLO Ltd. and Nelder Grove CLO Ltd.
- UBS: In a $60 billion dollar government intervention to provide global financial assistance to UBS and contribute to the stability of the Swiss financial system, including structuring, creating, negotiating and executing a multitranche, multicurrency, transaction involving (i) the worldwide sale of multiple classes of troubled assets (including whole loans, CMBS and RMBS, consumer-backed securities and collateralized debt obligations) and the synthetic transfer of complex risks in bespoke US and European credit derivatives and hybrid vehicles, to a Swiss partnership controlled and financed by the Swiss National Bank, (ii) the identification and resolution of state, national and international regulatory, tax and competition issues, and (iii) advice regarding on-going global asset management issues affecting the portfolio of assets transferred.
- Fairmount Minerals (a leading global producer of high-grade sand products for industrial applications): In the acquisition of FTS International’s (FTSI) proppant business, and a concurrent $1.285 billion refinancing, consisting of an $885 million term loan-B2, a $325 million term loan-B1 and a $75 million revolving credit facility.
- Prime Finance Partners, PFP III CLO 2014-1: As issuer, sponsor, loan seller and subservicer of a $600 million CRE CLO of transitional commercial mortgage loans.
- Redwood Trust: In the structuring, approval and documentation of a new mortgage loan purchase and securitization program involving members of the Federal Home Loan Bank system.
- Debussy DTC PLC: As issuer in a £263 million CMBS transaction arranged by Cairn Capital in order to refinance the UK property portfolio of Toys “R” Us. Backed by Toys “R” Us suburban big box retail stores.
- This was the first non-prime European commercial real estate securitization transaction since the 2008 financial crisis.