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BakerHostetler · 18 hours ago

Associate - Debt Finance

New York, United States

Full-time

Onsite

Mid, Senior Level

$245K/yr - $345K/yr

3+ years exp

BakerHostetler is seeking a Debt Finance associate with 3-6 years of experience to join its busy and growing Debt Finance practice. The role involves representing arrangers, agents, lenders, and borrowers in connection with various credit facilities and drafting and negotiating loan documents.

Law Practice

Responsibilities

Experience representing arrangers, agents, lenders and borrowers in connection with syndicated or bilateral credit facilities

Experience with an array of credit facilities, such as secured term loans, cash flow and asset-based revolving credit facilities and leveraged acquisitions, first lien, second lien, and unsecured

Appropriate experience drafting, reviewing and negotiating loan documents, including credit/loan agreements, security agreements, guarantees, intercreditor agreements, subordination agreements, promissory notes, fee letters, commitment letters, term sheets and amendments

Involvement and general familiarity with principles and procedures relevant to secured personal property transactions, including UCC Article 9 and relevant elements of UCC Article 8

Experience with negotiating and obtaining third party deliverables, including control agreements, bailee waivers, credit card processing agreements, and insurance endorsements

Experience with standard diligence surrounding debt finance transactions, from the lender and/or borrower perspective, including review of searches, review of organizational documents, management agreements, preparation of disclosure schedules

Experience organizing and running complex closing processes

Experience with substantial clients, whether debt funds, banks, private equity sponsors, privately held middle market companies

For candidates with greater than 4 years’ experience, familiarity with drafting and negotiating legal opinions and opinion diligence

Qualification

Debt finance experienceLoan document negotiationSecured lending transactionsUCC Article 9 familiarityComplex closing processesLegal opinion draftingCommunication skillsTeam collaboration

Required

Experience representing arrangers, agents, lenders and borrowers in connection with syndicated or bilateral credit facilities

Experience with an array of credit facilities, such as secured term loans, cash flow and asset-based revolving credit facilities and leveraged acquisitions, first lien, second lien, and unsecured

Involvement and general familiarity with principles and procedures relevant to secured personal property transactions, including UCC Article 9 and relevant elements of UCC Article 8

Experience with negotiating and obtaining third party deliverables, including control agreements, bailee waivers, credit card processing agreements, and insurance endorsements

Experience organizing and running complex closing processes

Experience with substantial clients, whether debt funds, banks, private equity sponsors, privately held middle market companies

For candidates with greater than 4 years' experience, familiarity with drafting and negotiating legal opinions and opinion diligence

Admission to practice law in the State of New York

Preferred

Experience with a reasonably varied scope of secured lending transactions primarily in the middle market but also spanning smaller venture stage debt financing and some large investment grade financings, including (some, but not all) cross-border work, some project finance, restructuring and workout, first lien/second lien/mezz, in a wide variety of industries

Benefits

Group health, dental and vision insurance

Paid holidays (10 days)

401(k) plan

Parental leave (10 weeks, not including disability, where applicable)

Family care program

Wellness program

Life and accident insurance

Short and long-term disability

Company

BakerHostetler

Recognized as one of the top firms for client service and quality of legal services, BakerHostetler is a leading law firm that helps clients around the world address their most complex and critical business and regulatory issues.

Founded in 1916

Washington, D.C., US

1001-5000 employees