Banking and Finance

Orrick's Banking and Finance Group represents leading banks, leasing companies, insurance companies, arrangers and other financial institutions worldwide. We serve as one of the primary finance counsel for many of these clients. We also serve as borrower's and issuer's counsel to corporations in diverse business sectors.

Attorneys in the Banking and Finance Group work closely with lawyers in the corporate, finance and tax practices. This cross-disciplinary approach provides clients with a unique advantage, as many financings include multiple facilities, jurisdictions and currencies, and part of a larger corporate transaction or strategic plan. Our emphasis is on recognizing and understanding our clients' business objectives and applying the legal solutions that will most effectively achieve their goals.

Because our clients often employ complex financing strategies, the group works closely with lawyers in the corporate, finance and tax practices. Many financings include multiple facilities, jurisdictions and currencies, and may form part of a larger corporate transaction or strategic plan. Our emphasis is on recognizing and understanding our clients' business objectives and applying the legal solutions that will most effectively achieve their goals.

Types of Services

We provide services in many types of secured and unsecured finance transactions, including:

• syndicated credit facilities
• asset-based financings
• accounts receivable, inventory and term loan financings
• letter of credit and acceptance financings
• acquisition loans
• standby credit enhancements for bond and commercial paper issues
• derivative products, including interest rate and currency swaps and other hedging arrangements
• real property development and acquisition financings
• structured commodities financings
• mezzanine finance facilities involving convertible debt or equity kickers
• private placements of debt securities
• bankruptcy-related financings, including debtor-in-possession financings and exit financings

We also advise banks and bank holding companies on matters before the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, New York and California state banking departments, and various other regulatory agencies.

Recent Engagements

• Wells Fargo Bank, N.A.
  • As administrative agent, lead arranger and sole book runner in connection with a five year $950 million senior secured reducing revolving credit facility to The United Auburn Indian Community for the design and construction of an expansion of an existing casino and hotel. This is one of the largest credit facilities to an Indian tribe ever completed in the United States.
  • As administrative agent, lead arranger and book runner in connection with a $100 million syndicated, senior secured credit facility to ValueClick, Inc.
  • As administrative agent, lead arranger and sole book runner in connection with a four-year, $195 million senior secured revolving credit and term loan facility to the Muscogee Creek Nation for the completion of a new casino.
  • As administrative agent, co-lead arranger and sole book runner in connection with a $120 million senior secured credit facility, consisting of term and revolving loans, for expansion and operation of an existing casino.
  • As agent in connection with the restructuring of a $380 million secured revolving credit facility. The borrower is the owner of a premier hotel and casino resort in Las Vegas, Nevada.
• DEPFA Bank plc.
• As lead arranger and lender in connection with $970 million, seven year senior credit facilities for Atlantic Aviation FBO Inc., a subsidiary of Macquarie Infrastructure Company.
• SureWest Communications
• In connection with its unsecured, amended and restated credit agreement for a $240 million credit facility with CoBank, ACB, as administrative agent and lead arranger, to finance the acquisition of Everest Broadband, Inc.
• REMAX International, Inc. (“RE/MAX”)
• As borrower in connection with a $295 million syndicated, secured term loan credit facility with Citigroup Global Markets, Inc. as placement agent, the proceeds of which were used by RE/MAX to finance the acquisition of various “master franchisor” regions.
• Credit Agricole/Calyon
• In connection with a €1 billion tax leveraged lease and export finance with CMA CGM.