Thursday, August 16, 2018
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Representative Matters

Banking & Finance

  • ELG represented a health, fitness, and dining club in connection with a modification of an existing $60 million syndicated term loan facility, increasing the commitment amount to $65 million and extending the term, among other changes. The term loan is secured by a first priority mortgage and assignment of leases and rents on commercial real estate.

  • ELG represented a metal services and framing products company in the simultaneous closing of an $11.25 million recapitalization and senior secured credit facility.

  • ELG represented a middle market web retailer in the closing of a $31.5 million senior secured revolving credit and term loan facility.

  • ELG represented a local bank participating as a co-lender in a $60.0 million senior secured syndicated credit facility to a leading global developer and manufacturer of highly-engineered, precision surface finishing equipment.

  • ELG represented a regional bank in closing loans totaling $4.0 million to a group of Midwest nephrologists to fund their acquisition of a minority interest in certain dialysis centers and their working capital needs.

  • ELG represented a large state-chartered credit union in review and analysis of ISDA-form swap agreements.

  • ELG represented an owner of commercial real estate located in Northbrook, Illinois in connection with two term loans totaling $3.6 million, secured by a first priority mortgage and assignment of leases and rents on the property.

  • ELG represented a multi-family housing developer in connection with a $25.4 million commercial mortgage refinance of an apartment complex located in northeastern Texas.

  • ELG represented a factoring company with respect to a workout of the company’s $7.0 million revolving credit facility with a local bank.

  • ELG represented a large regional bank in connection with Sharia-compliant financing for various companies located in Chicago engaged in meat processing and food distribution.

  • ELG represented a bank & trust company in connection with a $6.4 million term loan to an Illinois limited liability company, secured by a first priority mortgage and assignment of leases and rents on commercial real estate located in downtown Chicago.