Direct Lending

Orrick’s direct lending team takes a practical but creative approach to counseling business development companies, investment funds and other alternative credit providers in a wide variety of lending transactions.

From our offices in New York, London, Paris and San Francisco, we advise clients on highly sophisticated and innovative transactions and provide commercial, value-oriented lending solutions for acquisitions, recapitalizations, refinancings, working capital lines and other borrower needs.

Our teams have experience across a wide array of debt products, including senior secured and second lien loans, unitranche loans, mezzanine and subordinated loans, asset-based loans and other specialty financings.

  • Recent Deal Highlights

    • Represented a leading global financial services company, as arranger, on a term loan to a hospital management company for a leveraged employee stock ownership plan (ESOP) buy-out.
    • Represented a private equity investment firm, as the agent and lead arranger, on a credit facility for an international software-based laboratory information management system provider.
    • Represented a London-based direct lending fund, as lead lender, in connection with a unitranche financing to a security corporation. The proceeds of the loan were used to buy out the minority shareholders in the corporation and certain of its affiliates.
    • Advised a global banking and financial services company, as lender, in a large unitranche credit facility for an auto products manufacturer.
    • Represented a multi-strategy hedge fund manager, as lender, in a secured bridge loan provided in connection with the leveraged buy-out of a leading medical services provider.
    • Represented a New York-based insurance company in connection with secured revolving notes issued by an SPV affiliate of an online peer-to-peer lender, the proceeds of which were used for the refinancing of student loans originated by the lender.