Anne I. Bandes advises leading financial institutions, direct lenders, private equity investors and corporate borrowers in a variety of domestic and international commercial finance transactions. Anne’s practice primarily focuses on cash flow financings; acquisition and other leveraged financings; venture debt financings; cross-border financings; first lien, second lien, and mezzanine financings; cryptocurrency financings; private placements; and restructurings, workouts, and bankruptcies. Anne leads transactions spanning diverse economic sectors including healthcare, telecommunications, technology, transportation, energy, manufacturing, distribution, insurance, and others.
Anne has also worked in-house through a secondment at Deutsche Bank in its legal department covering the global markets business with a particular focus on the credit solutions direct lending and emerging markets desks.
New Money Debt Financings and Private Placements
Ares Capital Corporation as administrative agent and collateral agent in connection with a $450 million senior secured credit facility to LivaNova USA, Inc., a wholly owned US subsidiary of LivaNova PLC, a publicly traded, worldwide leader (with a presence in more than 100 countries across Europe, North America, South America, and Asia) in cardiovascular and neuromodulation solutions that provides products and therapies through innovative medical technologies.
A multinational senior secured lender in connection with a $55 million pari passu first lien secured note issuance by a company providing global relocation and moving services across a variety of commercial and industrial sectors.
Capitala Group LLC, a $2 billion asset management firm, in its capacity as a bridge lender in an acquisition of a telecommunications company owned by the municipality of Bristol, Virginia.
Bank of America, as administrative agent, and Merrill Lynch, Pierce, Fenner & Smith, as left lead arranger, in a $3 billion multicurrency syndicated financing for Equinix Inc. The credit facilities include a $2 billion multicurrency revolving credit facility, a 500 million British pound ($677.1 million) term loan facility, and a 2.8 billion Swedish krona ($344 million) term loan facility. Equinix is the leading global interconnection platform, connecting companies through its IBX data centers and the provision of related services.
A nationally known hedge fund in negotiating an $80 million cross-border second lien credit facility, secured and guaranteed by affiliates in the US, Northern Ireland, the Caymans, Luxembourg, the Netherlands, Ireland, the UK, and Spain, to an American company that owns and operates temperature-controlled warehouse and distribution space worldwide.
A multinational financial institution in connection with a $50 million revolving credit facility to a San Francisco-based start-up company that provides hospitality services worldwide.
Calvert Social Investment Foundation Inc. on a pro bono basis in its $10 million credit facility to ALCB Fund, a Mauritius fund that invests in and provides technical assistance for local currency bond issuances by financial service providers and companies operating in the developmental sectors in African countries.
OpenGate Capital, a Los Angeles-based private equity firm, in its acquisition of Hufcor Inc. and Rock Valley Trucking Co. Inc., a division of Hufcor, the leading operable partition manufacturer in the US, with dedicated manufacturing facilities also in Australia, New Zealand, Germany, China, and Malaysia.
Bank of America as administrative agent and Merrill Lynch, Pierce Fenner & Smith Inc. as lead arranger and sole bookrunner in a $685 million senior secured revolving credit financing for Container Leasing International LLC, a leading global container lessor that also does business under the names SeaCube Container Leasing and Carlisle Leasing.
Ferroglobe PLC, Globe Specialty Metals Inc., and some of their subsidiaries as special counsel in a third amendment to their secured $200 million multi-currency revolving credit agreement led by Citizens Bank, and as local counsel in their issuance of $350 million in senior notes.
A group of institutional investors in their purchase of $175 million in senior notes issued by Controladora Mabe SA de CV, a Mexican-owned-and-based global company that designs, produces, and distributes appliances to more than 70 countries around the world.
A group of institutional investors in connection with a $375 million issuance of senior notes by a Fortune 100 diversified global agribusiness cooperative.
A group of institutional investors in connection with a $548 million issuance of senior secured notes by a privately owned operator of student housing at a state university system.
PennyMac Financial Services Inc., a leading mortgage lending and servicing company, in connection with a $150 million secured revolving credit facility from a syndicate of lenders led by Credit Suisse for working capital purposes.
Hedge funds in the purchase and restructuring of distressed debt.
A group of institutional investors in connection with a $132 million issuance of senior secured notes by a privately owned fruit and vegetable producer and distributor in Mexico.
On a pro bono basis, Habitat for Humanity International in the creation of the MicroBuild Fund and related financings.
Jewish Vocational Services (JVS), one of Greater Boston's largest community-based workforce development and adult education providers, in the creation of its Pay for Success (PFS) initiative to help limited English speakers in Greater Boston make successful transitions to employment, higher-wage jobs, and higher education.
Workouts, Restructurings, Bankruptcies, DIP Financings, and Exit Financings
Bank of America as administrative agent for a $900 million unsecured credit facility in connection with a complex restructuring of Tidewater Inc. and its subsidiaries through a prepackaged bankruptcy. Tidewater Inc. is a provider of offshore vessels to the global energy industry.
Ares Commercial Finance in a $45 million secured asset-based credit facility, consisting of term and revolver loans, facilitating Nuverra Environmental Solutions Inc.'s emergence from Chapter 11 bankruptcy pursuant to a reorganization plan approved by the US Bankruptcy Court for the District of Delaware.
DIP Lender Group in the bankruptcy case of ATP Oil & Gas Corporation, a company engaged in the acquisition, development and production of offshore natural gas and oil properties, primarily in the Gulf of Mexico.
A group of lenders in an out-of-court debt restructuring and recapitalization of a Puerto Rican health insurance provider.
A creditor and potential investor and debtor in possession and exit lender in connection with LightSquared Inc.’s (and subsidiaries) Chapter 11 Cases filed in the Southern District of NY.
J Aron & Company as administrative agent and lender in the Chapter 11 proceedings of Pacific Energy Resources, a company that engages in the acquisition, exploitation, and development of oil and gas properties in the Western US.
Boston College Law School, 2004, J.D., cum laude
Smith College, 1996, B.A., cum laude
Awards and Affiliations
Recommended, Finance: Commercial lending: advice to lenders, The Legal 500 US (2018)
Member, Women's Bar Association
Former Managing Editor, Boston College Law Review
Americas Banking Tax Deal of the Year, Americas Tax Awards 2017, International Tax Review