Withers Worldwide

Recent work

• Advising high net worth individual and related entities in the US in connection with $150 million bank loan secured by museum quality works of art.
• Acting for a major international bank in the financing of six DC10 10 aircraft sold by a major US airline to a leasing company and then to Swedish limited partnerships.
• Representing Dubin Clark & Company, Inc., as sponsor, Universal Trailer Corporation and certain other of its affiliates as borrowers and guarantors, respectively, in connection with (a) the refinancing of its senior secured and senior subordinated credit facilities and the entry into a $45,000,000 term loan and revolving credit facility with Dymas Funding Company, LLC as the administrative agent and (b) the acquisition of certain assets of Featherlite, Inc. effectuated through the entry into (i) a $109,000,000 term loan agreement with Dymas Funding Company, LLC as the administrative agent and sole lead arranger and (ii) a $35,000,000 revolving credit agreement with JP Morgan Chase Bank, NA., as the administrative agent.
• Representing Credit Lyonnais, as lender, in connection with a US$375,000,000 construction and term loan senior secured facility provided to Tenaska Gateway Partners, Ltd. for the development, engineering, construction and operation of a 830MW gas-fired combined cycle generating plant in Rusk County, Texas.
• Acting for a German agent bank in pre and post delivery finance for the acquisition of Panamanian vessels.
• Represented many financial institutions on all forms of derivatives including interest rate and currency swaps and equity and credit derivatives. Clients have included JP Morgan Chase & Co., ING Barings, Societe Generale, Banque Nationale de Paris and the Royal Bank of Scotland.
• Representing an affiliate of Huntsman Holdings LLC in the acquisition of the Vantico group of companies effected through a U.K. exchange offer for the outstanding senior notes of Vantico Group S.A., and the refinancing of approximately US$425,000,000 of additional indebtedness of the target. The acquiror issued US$350,000,000 of fixed and floating rate senior secured notes in a Rule 144A and Regulation S offering, and entered into a US$60,000,000 revolving credit facility. The transaction also involved a complex corporate restructuring of the acquired company affecting entities in 28 jurisdictions. 
• Acting for Hightex Group plc and Radicle Projects plc on placings on the AIM market.
• Acting for London-listed gold mining company KazakhGold on a partial offer from top Russian gold miner Polyus Gold for a consideration of US $270 million.
• On February 5, 2009 the US Commercial Group and US Real Estate Group joined forces to close the second tranche of an approximately $100 million bank loan to a major New York City hospital client.  The loan was collateralized by cash and several parcels of NYC real estate. 
• Advising Radicle Projects plc in the issue of a multi-tranche convertible bond offering to UK institutional investors.
• Representing a US issuer in a PIPE transaction and follow-up registration involving the sale of common stock.