Corporate & Aviation In 2023, Hughes Hubbard's corporate attorneys racked up deals across industries and continents, including our work advising the FDIC following the failures of both Signature and Silicon Valley banks.

FDIC’s $50B+ Sale of Failed Bank Assets

HHR advised its longtime client Federal Deposit Insurance Corporation in the sale, via sealed bid process, of more than $50 billion in outstanding loans and other assets held by the Signature Bank and Silicon Valley Bank receiverships. These were two of the principal banks that failed in spring of 2023, setting off a temporary financial crisis of national significance.

Griffin Pushes Warehouse Facility to $2 Billion

Hughes Hubbard advised Griffin Global Asset Management, and borrowers Palisade Aviation Holdings Warehouse, Ltd. and Palisade Aviation Holdings Warehouse, LLC, on an amendment, extension and upsizing transaction for its senior secured financing facility. The deal – which doubled the initial facility that closed in 2021 – included the addition of banking partners Citibank and Sumitomo Mitsui Banking, as well as an additional commitment from Bank of Montreal. The upsizing of the facility is expected to provide Griffin with the final bridge before it accesses the capital markets.

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Taisei’s L.A., Washington, D.C. and Atlanta Property Deals

Hughes Hubbard represented Taisei Corporation – a Japanese construction, civil engineering and real estate development company – in acquiring a partial ownership interest in a building and redevelopment project in Los Angeles, as well as in acquiring a mixed-use office and retail building in Washington, D.C. and a mixed-use Class A office, retail and residential building in Atlanta.

Republic Airways’ Nearly $300M Aircraft Loan

Hughes Hubbard advised the regional airline Republic Airways on a loan agreement with Agência Especial de Financiamento Industrial S.A. – FINAME, a wholly owned subsidiary of Banco Nacional de Desenvolvimento Econômico e Social (BNDES), for up to 14 new Embraer 175LR aircraft, with a total lending commitment of up to $293 million.

Malian Cotton Provider’s Euro Loan

Hughes Hubbard guided a group of banks led by Banque de Développement du Mali in negotiation and documentation of a €240 million commodity financing facility for Compagnie Malienne pour le Développement des Textiles, the Malian state-controlled company that produces and exports Mali's cotton.

KeyBank Credit Facility for Avista

Hughes Hubbard represented KeyBank in a $50 million senior unsecured revolving credit facility for American gas and electric company Avista Corporation.

Firm Advises Griffin on $700M Unsecured Notes Offerings

Hughes Hubbard represented Griffin Global Asset Management on a senior unsecured notes offering and subsequent add-on totaling $700 million.

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€205 Million Note Financing for Affordable Housing

Hughes Hubbard advised financial institution Caisse Régionale de Refinancement Hypothécaire (CRRH-UEMOA), through the CRRH West Africa Impact Affordable Housing Trust, on a €205 million capital markets and loan financing with a guaranty from the U.S. International Development Finance Corporation.

Griffin and Bain in Rolls-Royce Deal

Hughes Hubbard represented Griffin Global Asset Management and Bain Capital Special Situations in the acquisition of 17 new technology Rolls-Royce widebody engines. The engines will be owned by a newly formed standalone entity and used as spares by the Rolls-Royce global customer base.

West Africa Cotton Ginnery’s International Financing

Hughes Hubbard's Paris team represented West African cotton company Société d'Égrenage de Coton (SODECO) in negotiating and documenting a €90 million pre-export financing.

Arajet’s Aircraft Leasing Deal with Bank of China

Hughes Hubbard represented Dominican airline Arajet in a leasing and pre-delivery payment financing deal with Bank of China Aviation for three new aircraft.

Financing for Ivorian Cocoa Exporter

Hughes Hubbard advised EBI SA, a French subsidiary of pan-African banking conglomerate Ecobank, in the negotiation of a commodity financing facility for cocoa producer Kineden Commodities.

Sucres & Denrées’ Pre-Financing Facility in Côte d'Ivoire’s Cocoa Sector

Hughes Hubbard assisted French commodities firm Sucres & Denrées Côte d'Ivoire SA in its pre-financing facility for cooperatives and local suppliers in the Ivory Coast’s cocoa sector.

Griffin’s Deal with Scandinavian Airlines

Hughes Hubbard advised Griffin Global Asset Management in a sale-leaseback transaction with Scandinavian Airlines, which entered Chapter 11 bankruptcy protection in the U.S. in July 2022.