Our finance lawyers provide the full range of legal services to support the financing goals of private and public sector clients. Our Finance Group routinely handles sophisticated commercial lending transactions, litigation, securities matters, and workouts and bankruptcies. Clients include banks and their special finance and merchant banking affiliates, insurance companies, financial subsidiaries of major industrial corporations, and other financial intermediaries. In addition, we have extensive experience dealing with state and federal regulators in transactions. Our finance regulatory lawyers counsel banks, insurance companies, mortgage companies, and other financial service providers in a wide range of regulatory and operating issues.
Robinson+Cole was one of the first nationally recognized bond counsel firms in the country and has provided comprehensive legal services in municipal finance transaction for more than 30 years. Members of the Public Finance Group advise state and local governments, government authorities, issuers, underwriters, borrowers, corporate trustees, investors, banks, and mutual fund clients.
Represented administrative agent and syndicate of lenders in connection with $200 million revolving and term-loan facility to fund a "going private" transaction, a dissenting shareholder reserve and working capital needs, secured by real property located throughout the United States and a blanket lien on all other assets.
Drafted new insurance reinvestment fund tax legislation in Connecticut and represented a group of venture capital partnerships in establishing an insurance reinvestment fund approved by the Connecticut Department of Economic and Community Development to channel investments by insurance companies into start-up or emerging businesses in Connecticut. These types of funds exist in some other states and are commonly referred to as Capco Funds.
Represented an institutional lender providing a $22 million construction loan to an affiliated group of borrowers to fund the construction costs associated with the design, procurement, and installation of 26 MW commercial rooftop solar array projects for two Fortune 50 companies to be located on 60 commercial buildings in four states and secured by all assets of the borrowers. We advised on respective rights under all contracts with equipment procurement contractors (EPCs), power purchase agreements, renewable energy certificates, agreements relating to federal investment tax credits, interconnection agreements, and maintenance agreements. The contemplated refinancing of this transaction involved the placement of permanent senior loan financing from an institutional lender, a tax credit equity investment (in the form of a "partnership flip," which involved the creation of special purpose entities) from an institutional investor, and the associated intercreditor, interparty, and other related third-party issues.