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March 2012

Gordon & Rees Team Assists with Sizeable Secured Lending Transaction

Gordon & Rees assisted an international flooring products company in amending and restating its Credit Facility with its syndicated lenders and in entering into a new companion subordinated credit facility with a different group of syndicated lenders.  The loans, in excess of $200m, are secured in part by real property in California and are supported by continuing corporate guarantees of certain of the client's subsidiaries.

Gordon & Rees was retained as special California counsel for the transactions and provided legal opinions to each group of lenders. Mark Davis handled the transaction and opinions with assistance from Eric Young in reviewing the deed of trust, second lien deed of trust, and other real property issues relevant to the legal opinions. Rich Clampitt, and Marc Ozarski also assisted.

 

Mark H. Davis
Eric C. Young



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