$1.5B Revolving Credit Facility
The firm represented Bank of America in a $1.5 billion revolving credit facility for a major homebuilder.Financial Services: Overview
The Financial Services Group's clients include federal- and state-chartered bank and thrift institutions, commercial finance companies, municipal authorities, equipment lessors and lessees, and borrowers. As well, the scope and quality of our work reflect a high level of familiarity with the problems and products associated with these segments of the finance industry.
Our Financial Services Group assists national, super-regional and regional banking and investment banking clients, including more than 75 percent of the largest commercial banks and financial institutions in the country. We also handle secured syndicated transactions, securitizations, asset-based and business credit loans, cross-border matters and portfolio sales.
Our public finance attorneys work on projects throughout the United States and the U.S. Virgin Islands. We actively serve as bond and underwriter's counsel and handle well over $600 million in bonds annually, commercial development authorities, and facilities for higher education and water treatment.
Our full-service capability begins with the structuring of transactions supporting the day-to-day operation of clients’ businesses. These include corporate lending, commercial lending, commercial finance, construction lending, asset-based lending, equipment leasing, tax-exempt transactions, project financing, letter-of-credit transactions and oil and gas transactions.
Our lawyers are experienced in meeting the needs of financial institution clients that operate as public companies. Areas of service include conversions, mergers and acquisitions, bank holding company activities and financial institution/corporate finance transactions. Involvement in regulatory activities in the public company realm, meanwhile, includes annual and periodic filings with the Securities and Exchange Commission, state securities commissions and banking regulators at the state and federal levels. The group works closely with other Buchanan practice areas to obtain the necessary level of support in the execution of regulatory matters.
Assisting financial institutions in problem situations is a particular section strength. Consequently, our attorneys, often in conjunction with the firm’s litigation lawyers, are frequently called upon to help resolve issues of creditors’ rights, lender liability, out-of-court workouts and bankruptcy proceedings. Again, our depth of experience is available to assist clients in assessing risk in these extremely fluid and complex situations.

