Richard Petretti

Media and Entertainment

• Represented a major banking institution as the administrative agent and lender in revolving credit facilities for various music royalty funds
• Represented an investment banking company as the administrative agent in an US$825 million syndicated secured revolving credit and first-in/last-out term loan facility for a film and television production company
• Represented a major banking institution as the administrative agent and lead arranger for a syndicated secured credit facility to finance the acquisition of an international provider of services to the music industry
• Represented an investment banking company as the administrative agent and joint lead arranger for a US$1 billion credit facility for a mass media company
• Represented a major bank as the provider of a term loan and revolving credit facility to finance the acquisition of a German media company by private investors
• Represented a major banking institution as the administrative agent and lead arranger for a US$500 million syndicated secured revolving credit and term loan facility for a Canada-based content and media services company
• Represented a major independent television production company as the borrower on two credit facilities aggregating nearly US$100 million to finance production of two new network television series
• Represented an investment banking company as the administrative agent in a US$650 million amend and extend of a syndicated secured revolving credit facility for an entertainment company
• Represented an investment banking company as the agent in a five-year, US$800 million syndicated secured revolving credit facility for a major producer and distributor of entertainment content
• Represented an investment banking company as the agent in a syndicated secured add-on credit facility to finance a UK-based television broadcasting services company’s US$88 million acquisition of a Swedish media company. The financing required taking guaranties and security in Sweden, Denmark, Norway, Finland, England and the United States

Broadcasting and Telecommunications

• Represented a bank as the agent for senior secured lenders in the restructuring of approximately US$700 million of credit facilities and publicly traded notes of a publicly traded radio station owner and content syndicator
• Represented a retail banking company as the agent in a US$75 million project loan to an affiliate of a telecommunications corporation to finance the construction of a fiber optic telecommunications system linking Seattle, Washington; Juneau, Alaska;  Anchorage, Alaska; and Fairbanks, Alaska

Chemicals and Energy

• Represented a privately held polymer producer as the borrower under a US$500 million syndicated secured term loan facility and a US$375 million syndicated secured revolving credit facility
• Represented a global leader in specialty chemicals for the textile, paper and emulsions sectors as the borrower under a senior secured syndicated credit agreement that provided credit facilities totaling approximately US$515 million, which were used to refinance the client’s existing debt and support the acquisition of a textile chemicals business. The credit facilities comprised a US$75 million multi-currency revolving credit facility, a US$220 million senior secured term loan and a €200 million senior secured term loan
• Represented a privately held polymer producer as the borrower in a US$550 million syndicated secured Term Loan B and related amendments to an ABL credit facility to fund a leveraged recapitalization
• Represented one of the lead investors in the workout and eventual bankruptcy of a stand-alone oil refinery

Financial Services

• Represented a financial services company and its affiliates as the borrowers under separate syndicated revolving credit agreements totaling US$1.4 billion
• Represented an investment banking company in its establishment of a US$350 million senior secured revolving credit facility with a banking company in the recently announced strategic alliance between them to collaborate on future corporate and investment banking business opportunities.

Healthcare

• Represented the lender on term and revolving credit facilities in connection with the merger of a US-based specialty in vitro diagnostics company with a leading molecular diagnostics company based in the Czech Republic
• Represented the lender on term and revolving credit facilities in the acquisition of a home health care management services company.

Real Estate and Hospitality

• Represented a hotel and resort chain in obtaining US$1.875 billion of financing from a German corporation, consisting of a securitized mortgage loan and two mezzanine loans
• Represented a money center bank as the agent in the workout of a troubled US$280 million syndicated construction loan for a Florida condominium project

Retail

• Represented a furniture store chain as the seller under a factoring arrangement with Hilco Receivables, LLC
• Represented a private equity company and one of its affiliates in the issuance of US$250 million of senior fixed rate notes, US$350 million of senior toggle notes, US$335 million of senior subordinated notes and a US$1.65 billion syndicated secured term loan and revolving credit facility in the acquisition of a retail company
• Represented a leading home goods retailer under Chapter 11 protection with regard to its DIP financing and vendor support program
• Represented a clothing retailer under Chapter 11 protection with regard to DIP financing  

Transportation

• Represented money center bank, as agent, in connection with bankruptcy planning and possible debtor-in-possession financing for a publicly traded auto parts supplier
• Represented a major financial institution as administrative agent on DIP financing and an exit credit facility for a major airline