Banking

Hancock & Estabrook provides legal counsel to banks and other financial services firms. Our attorneys focus on structuring and documentation of financial transactions in all forms. We have extensive experience in representing commercial banks and other lenders, participants, agents and borrowers in all phases of the transaction from inception through closing, including analysis and structure of the deal, formulation of commitment letters, negotiation, due diligence and preparation of transaction documents.

We also advise state and federally chartered banks, credit unions and other lenders regarding state and federal regulations, including those promulgated by the New York State Banking Department, Office of the Comptroller of the Currency, Office of Thrift Supervision and U.S. Treasury Department.

We Offer a Full Range of Services

Our experience includes a number of complex secured and unsecured financial and commercial transactions:

• working capital and fixed asset financing and refinancing;
• letters of credit and other credit enhancement vehicles;
• revolving and term credit facilities;
• loan portfolio sale transactions;
• interest rate hedges/swaps;
• tax-exempt financing;
• real estate development and construction financing;
• inter-creditor agreements;
• loan participations and syndications;
• senior and subordinated debt;
• project financing and leasing transactions;
• leveraged acquisition and recapitalization financing;
• private placement of debt and equity securities;
• venture capital financing; and
• workouts and restructuring.

Our Representative Business Clients

Our Banking and Finance attorneys have recently represented the following clients in financing transactions:

• lenders for a credit facility to international food processing company;
• lenders for credit facilities to private colleges and universities;
• developer of the first ethanol production facility in the Northeast;
• secured lender for credit facility to a major defense contractor;
• arranger/agent/lender in syndicated formula-based revolving credit facility for major multi-state furniture retailer;
• national banking association in equipment line of credit and term loan for worldwide manufacturer of note pads and other paper products;
• lead bank/lender in participation line of credit secured by mortgage receivables for financing company which provides financing to borrowers for construction and purchase of manufactured homes;
• state chartered commercial bank in secured construction line of credit to finance the construction of dormitory facilities for a New York State university;
• medical group borrower in term loan transaction with state-chartered bank to finance the acquisition of PET/CT scanner and related medical equipment;
• lender in syndicated revolving credit facility for worldwide manufacturer of hand-held electronic devices;
• private company borrower in term loan and working capital line of credit loan transaction to finance acquisition of business engaged in the manufacturing of specialty designed circuit boards and related electronics;
• borrower in restructuring of various credit facilities including term loan, revolving line of credit and ESOP loan for national customer contact business;
• state chartered bank in IRBs, demand line of credit, term loan and multiple mortgage loans for New York and North Carolina manufacturer of plastic injection molds;
• several banks in the sale of loan portfolios to private funds; and
• multi-national zinc die cast parts manufacturer in negotiation of restructuring of multiple secured credit facilities with national banking association.

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