Banking & Financial Services

Many major financial institutions have turned to Phillips Lytle time and again for counsel in syndicated loan financing and loan participations. We’ve represented agents in transactions involving significant borrowers with domestic subsidiaries formed in different states and operating in many locations within the U.S., as well as subsidiaries formed in jurisdictions outside the U.S. with multiple international locations. We work closely with the agent and their syndication team to structure, document and implement the syndication. This includes closing the financing (secured or unsecured) and may involve letter of credit sub-facilities, swing lines, as well as providing borrowing in alternative currencies in addition to U.S. dollars.

We also represent several national and international businesses, with large, complex multibank and alternative currency facilities. We engage a team of professionals experienced in several disciplines, including real estate, tax, corporate, securities, intellectual property and commercial lending, in order to provide the expertise needed to effectively accomplish the transaction.

Many of our clients at financial institutions sell and purchase loan participations in various types of loans. Our experience in such matters enables us to respond quickly and efficiently when advice is required on the structuring of, or documentation for, these transactions.

Syndications and Participations