Hughes Hubbard has been in the forefront of structuring and implementing innovative equipment finance transactions. We have advised U.S. and foreign clients in the financing of a variety of equipment, including aircraft, airport facilities, rail equipment, computers, energy generation facilities and satellite transponders. Clients have included arrangers, manufacturers, lenders, equity investors and equipment end-users. Many of the transactions involve sophisticated tax analysis. Transaction structures include the following:
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Leveraged leases, including ETI leases, FSC leases and Section 467 loan structures
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Single-investor leases
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Operating leases
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Cross-border transactions
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Sale-leasebacks
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Conditional sales
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Secured debt (including senior and subordinated debt structures)
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Commercial paper conduits
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Equipment trust certificates and enhanced pass through certificates, including the first enhanced equipment trust certificate offering and the first prefunded EETC
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Export credit agency-supported loans
We have also worked on numerous equipment finance portfolio purchases, sale and securitization transactions. These matters have included restructuring of major U.S. and foreign leasing companies, as well as financings by lease originators.
We are experienced in matters relating to workouts and the exercise of remedies with respect to various types of equipment, both in and out of bankruptcy. These matters involve expertise in enforcing security interests and lessor rights, including pre-judgment remedies, contract law and Uniform Commercial Code matters, Federal Aviation Act regulations and similar foreign laws and bankruptcy matters.
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