Finance

Our attorneys have vast experience representing lenders in asset-based financing transactions, including those involving collateral as varied as receivables, chattel paper, inventory, equipment and real property.  We work with our clients to evaluate risks associated with asset-based financings, and assist them in structuring, preparing and negotiating both bilateral and syndicated transactions.

We regularly represent all types of lenders in their capacities as agents and arrangers in syndicated transactions, ranging from regional club facilities to more widely syndicated transactions.  Vorys also negotiates syndicated loan facilities for borrowers, including cross-border facilities providing for multi-currency borrowing options and the pledging of collateral outside of the U.S.  These facilities range in size from tens of millions of dollars to in excess of two billion dollars

Vorys attorneys regularly work with both lenders and borrowers on a wide array of fund finance transactions, including subscription line credit facilities, NAV-based facilities, and other fund finance facilities for prominent regional and national intuitional investment managers to boutique wealth management firms.  In 2021, Vorys represented clients in 15 fund finance transactions totaling more than $160 million.  Our technical knowledge and commercial acumen allows us to guide our diverse client base through even the most complex transactions with confidence and sophistication.

We regularly represent lenders, developers, and investors in many different kinds of real estate financing transactions, from conventional mortgage financing, including Federal Home Loan Mortgage Corporation (Freddie Mac) loan programs, and insured mortgage programs such as those sponsored by HUD and the FHA, to industrial revenue and development bonds, public and private syndications, joint ventures, and sale leasebacks.  Our real estate attorneys also have extensive experience in working with real estate joint ventures and syndications.  To learn more about our real estate finance practice, click here.

Our attorneys work hand-in-hand with our clients to explore a number of securitization and receivables financing options to best suit the individual needs of their particular business.  We have negotiated and structured receivables finance transactions in states across the country, and understand the intricacies that are involved in crafting the most appropriate arrangements in each case.

We routinely help our clients structure and document leveraged ESOP transactions to ensure that the loans are appropriately documented and secured, are compliant with relevant Employee Retirement Income Security Act (ERISA) requirements and follow best practices in leveraged buyout transactions.

These transactions require niche knowledge and sophisticated counsel.  On these matters, our finance practice is backed by Vorys’ nationally recognized employee benefits group, which brings extensive experience in ESOPs and related regulatory matters.  Our finance attorneys work across practices to advise clients on leveraged transactions to support the formation of ESOPs and secure working capital for existing ESOP-owned companies.

Vorys provides sophisticated franchise finance counsel to some of the country’s biggest franchisors and franchisees - as well as regional lending institutions.  This includes supporting franchisees in securing working capital, as well as acquisition, real estate and construction financing, by creating franchise lending documents, implementing thorough processes in connection with franchise loans and documenting franchise lending transactions throughout the country.