The Banking, Finance and Major Projects Practice Group represents both financial institutions and corporate borrowers in every manner and aspect of loan transactions. These transactions include single bank loans and credit facilities (ranging from short-term unsecured facilities to global banking facilities involving multi-jurisdictional collateral), bilateral loans, syndicated loans and participations and are typically comprised of term loans, revolving loans, letter of credit facilities and/or bid loan facilities. The Group also represents financial institutions in their capacities as agents, senior lenders or other syndicate members, sellers or purchasers of participations and assignors or assignees of direct loan interests.

Representative transactions include:

• Representation of a large U.S. based manufacturer of office furniture in connection with a $200,000,000 revolving loan and working capital facility provided by Citibank N.A., as agent, and a syndicate of banks.
    
• Representation of the Chicago branch of a major Italian bank in connection with a $2,400,000,000 revolving and term loan facility for a major financial services company.
    
• Representation of an entertainment company and its subsidiaries as borrower and guarantors in connection with a $450,000,000 senior secured syndicated facility containing term, revolving and letter of credit facilities.
    
• Representation of the Chicago branch of a major French bank in connection with a $1,025,000,000 credit facility for a major farm equipment manufacturer.
    
• Representation of a major U.S. bank, as agent for a syndicate of banks, in connection with a $49,000,000 secured revolving credit, term loan and letter of credit facility for a major hotel supply company.
   
• Representation of a multi-national communications company as borrower in connection with a $159,000,000 refinancing of a bridge loan to finance licenses and purchase equipment.
   
• Representation of an aircraft equipment manufacturing company as borrower in connection with a $250,000,000 revolving line of credit and term loan facility to fund the acquisition of a subsidiary of a major manufacturing company.
    
• Representation of a major German bank, as lender and as agent for a syndicate of international banks, in connection with a $300,000,000 subordinated revolving credit facility to a U.S. subsidiary of a major international airline in support of numerous acquisitions by such subsidiary.
   
• Representation of a manufacturer of dairy products in connection with a $40,000,000 revolving credit facility to fund margin requirements in connection with hedging contracts related to the forward purchasing and selling of milk.
    
• Representation of a large U.S. steel company as borrower in connection with a $130,000,000 secured term and capital expenditure credit facility and $75,000,000 secured revolving credit facility from a syndicate of lending institutions, such facilities partially guaranteed by the United States General Emergency Steel Loan Guarantee Board.
   
• Representation of a major manufacturer of car care products and its affiliates as borrowers in connection with a $90,000,000 secured revolving credit, term loan and letter of credit facilities from a syndicate of banks.