News

Ralph Rosella, Alex Gayer, William Gartland and Max Sender of the Firm’s Corporate and Business Practice Group, together with Charles Weiss, Of Counsel to the Firm’s Real Estate Practice Group, closed a $55,000,000 debt and equity financing for Sportime, a long-time Firm client.  The lender and preferred equity holder is a large multinational investment bank and financial services company. The financing will enable the client to refinance all of its existing debt and significantly expand a sports facility in New York City. The scope of the representation included counseling the client with respect to its equity and management structure in advance of seeking the financing source, and guiding the process of selecting a suitable lender and equity partner.   Following this pre-transaction guidance, the Firm engaged in extensive negotiation of complex financing and equity documentation and were able to achieve the client’s goal of closing the transaction in the 2019 calendar year.

Sam Yedid and Chuck Weiss of the Firm’s Real Estate Group, together with Alex Gayer and Max Sender of the Firm’s Corporate and Business Practice Group, closed the sale of a golf course located in Nassau County, New York.  The sale included several large real estate parcels and substantially all of the assets relating to the Club’s golf and restaurant operations.

Robin S. Abramowitz, a partner in and co-chair of the Firm’s Litigation Practice Group, has been reappointed by Presiding Justice Alan Scheinkman to the Board of Governors of the New York State Attorney-Client Fee Dispute Resolution Program for a three-year term of service expiring July 20, 2022.

William Gartland, a partner in the Firm’s Corporate and Business Practice Group, and Max Sender, an associate in the Firm’s Corporate and Business Practice Group, represented a garment manufacturer in the negotiation and closing of a syndicated $275,000,000.00 senior secured revolving loan credit facility.

William Gartland, a partner in the Firm’s Corporate and Business Practice Group, and Max Sender, an associate in the Firm’s Corporate and Business Practice Group, represented an industry leading service company in the negotiation and closing of a $35,000,000.00 credit facility.