BrentE.

Horstman

Representative Transactions:

Hotel, Gaming and Leisure

• Representation of administrative agent in connection with a $125 million FF&E financing in connection with the construction and development of two casinos in Cleveland, Ohio, and Cincinnati, Ohio.
• Representation of administrative agent in connection with a $78.85 million financing to the St. Croix Chippewa Indians of Wisconsin, which consisted of a revolving loan, a term loan, delay draw term loan construction facilities and a BIA-guaranteed loan.
• Representation of administrative agent in connection with an approximately $55 million term loan credit facility to owner and operator of Florida casino, the proceeds of which were used to consummate a dividend recap and the refinancing of the borrower's existing credit facility.
• Representation of administrative agent in connection with a $125 million FF&E financing in connection with the construction and development of a casino in Baltimore, Maryland.
• Representation of administrative agent in connection with an approximately $42 million credit facility consisting of construction and FF&E facilities, to an Oklahoma Native American tribe for purposes of expanding the tribe's gaming facilities.
• Representation of administrative agent for syndicated senior financing, featuring revolving, term and delay draw term facilities, to a Nevada gaming company to finance the acquisition of several local casinos and working capital needs.

Media and Entertainment

• Representation of private equity firm in connection with senior secured revolving and term loan facilities, the proceeds of which were used to take Playboy Enterprises, Inc. private.
• Representation of alternative lender in connection with senior secured delayed draw term loan facilities to a digital media and entertainment company.

Mortgage Banking

• Representation of lender in connection with a $50 million revolving credit facility to a mortgage lender.
• Representation of administrative agent in connection with a $40 million revolving credit facility to a mortgage lender.
• Representation of administrative agent in connection with a $30 million revolving credit facility to a mortgage lender.

Equity Sponsor Financings

• Representation of private equity sponsor in connection with its acquisition of IT consulting and cloud computing systems business.
• Representation of private equity sponsor in connection with its acquisition of shoring and construction equipment rental company.
• Representation of private equity sponsor in connection with its debt and equity investments in a Caribbean digital cable television provider, which involved numerous cross-border collateral issues.

Healthcare Financings

• Representation of private equity sponsor in connection with a $125 million revolving and term loan credit facility to its portfolio company, a provider of patient-specific medications for chronic pain patients, the proceeds of which were used for working capital and various acquisitions.
• Representation of administrative agent in connection with a $42 million term loan to an oxygen, respiratory and home medical equipment company.
• Representation of lender in connection with revolving, term and delayed draw term loan facilities to a regional dental practice with multiple offices throughout southern California.

Other Financings

• Representation of Cubic Corporation, a provider of diversified systems and services to the transportation and defense industries, in connection with the refinancing of its credit facilities with a $400 million revolving credit facility and a $125 million senior note facility.
• Representation of administrative agent in connection with a $155 million revolving credit facility to a privately owned seafood company.
• Representation of LendingTree, LLC, an online lending exchange, in connection with a $125 million revolving credit facility.
• Representation of administrative agent for syndicated asset-based financing, featuring senior revolving and term facilities and a term b facility, to a pet products company to finance the acquisition of another pet products company and other working capital needs.
• Representation of global financial software and services company in connection with revolving and term loan facilities to be used for corporate restructure and working capital needs.
• Representation of administrative agent in connection with the financing of a leveraged buyout of a major food products company, involving in-transit inventory and collateral located in Canada and Puerto Rico.
• Representation of provider of letter of credit facility serving as credit support for a municipal bond financing for a cancer research center.
• Representation of private school in connection with a private placement of tax exempt bonds.
• Representation of administrative agent for senior financing, featuring revolving and term loan facilities, and mezzanine financing for a satellite TV and high-speed internet provider.

Banking and Finance Visionary, Los Angeles Times Banking and Finance: Trends, Updates and Visionaries, 2023 and 2024

Best Lawyer in America, Best Lawyers, 2023-2026

Recognized for Commercial Litigation, Best Lawyers, 2022

• Member, Financial Lawyers Conference
• Member, Los Angeles County Bar Association
• Member, American Bar Association
• Key Sponsor, Commercial Finance Conference of California
• Alumni Representative, Polytechnic School, Pasadena, California