Private Credit

Members of Hughes Hubbard’s private credit team act for private credit investors and borrowers in structuring private debt investments for purposes of financing leveraged acquisitions, working capital needs, recapitalizations and other opportunistic transactions. The private credit team includes members of the finance, corporate, private equity, venture capital, restructuring, tax, real estate, employee benefits and executive compensation, and intellectual property departments.

Our practice is highly active across a wide array of geographies and industries: infrastructure, transportation and logistics, media and entertainment, franchise businesses, e-commerce, fintech and beyond.

Our team regularly advises on a broad range of transactions, including:

Unitranche facilities
Liability Management Exercise (LME) risk analysis for lenders in club facilities
Asset-based loan facilities
Holdco “PIK” facilities
“Last Out” facilities
Secured and unsecured notes issuances
Ultra-high net worth NAV facilities supported by GP/LP stakes and/or interests in venture capital investments
Subscription / capital call facilities
Margin lending facilities
Asset-backed securitizations
Preferred equity issuances

Our firm and practitioners are unique in that we are one of the few firms that represent both private credit investors and borrowers. For this reason, we are able to provide comprehensive advice on the entire life cycle of credit transactions, including restructurings, bankruptcies and other special situations.

Steven J. Greene

Co-Chair

Dev Ghose

Co-Chair

Brightwood Capital Advisors in numerous senior secured unitranche facilities for purposes of financing leveraged buyouts, growth capital and bolt-on acquisitions
InterVest Capital Partners as lender in a $175 million senior secured asset-based lending facility to A Crane
The financing sources in Ridgewood Infrastructure’s majority investment in Sierra Railroad Company
A lender (member of a “club”) in Onex’s majority investment in Farsound Aviation
An exiting investor receiving second lien PIK toggle notes in connection with seller financing and earnout payments
An ultra-high net worth individual obtaining “NAV” financing for liquidity and investment opportunity purposes in certain venture capital assets
An ultra-high net worth individual obtaining “NAV” financing backed by GP and LP stakes in continuation vehicles
A Latin American fintech company for purposes of financing on-lending activities
Private equity sponsors in obtaining direct lending strategies for leverage buyouts, recapitalizations and strategic add-on investments

Dev Ghose

Co-Chair

Steven J. Greene

Co-Chair