Anne I. Bandes represents leading financial institutions and borrowers in a variety of domestic and international commercial finance transactions spanning across economic sectors including technology, transportation, energy, manufacturing, distribution, entertainment, sports teams, insurance, and others. Her practice is primarily focused on cash flow and asset-based financings; acquisition and other leveraged financings; cross-border financings; first lien, second lien, and mezzanine financings; private placements; and restructurings, workouts, and bankruptcies.
Represented Bank of America as administrative agent and left lead arranger in a $3 billion multicurrency syndicated financing for Equinix Inc., a global interconnection and data center company.
Represented 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.
Represented 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.
Represented hedge funds in the purchase and restructuring of distressed debt.
Represented Bank of America as administrative agent and Merrill Lynch, Pierce Fenner & Smith as co-lead arranger and sole book manager in $900 million financing for Tidewater Inc., a provider of offshore service vessels to the global energy industry.
Represented the New England Patriots in connection with the development and financing of the new NFL Stadium and Patriot Place.
Represented 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.
Represented major US banks as the administrative agent, co-lead arranger and lead lender in connection with multiple secured syndicated loans to a variety of restaurant operating companies including in connection with sponsor acquisitions.
Represented a leading retailer of consumer appliances in connection with a $300 million asset-based revolving credit facility, including a $20 million FILO facility, from a syndicate of lenders.
Represented on a pro bono basis Habitat for Humanity International in the creation of the MicroBuild Fund and related financings.
Represented Bank of America as co-lead arranger and administrative agent in $85.5 million senior secured revolving and term credit facilities (including a delayed draw term loan facility) that refinanced existing indebtedness of a leading language localization services provider. The equity sponsor was Riverside Partners, LLC.
Represented Ares Capital Corporation as sole lead arranger and bookrunner and as administrative agent and collateral agent in $48 million second lien credit facilities and $26.5 million holdco credit facilities (including a delayed draw term loan facility) to a software developer for concrete mixing services, the proceeds of which were used to refinance existing debt and fund distributions to equity holders. The equity sponsor was Quilvest Private Equity.
Represented Selective Insurance Group, Inc. in connection with a $30 million unsecured revolving credit facility.
Represented group of institutional investors in connection with a $150 million issuance of senior notes by New York State Electric & Gas Corporation, a gas and electric provider for parts of upstate and southern New York.
Workouts, Restructurings, Bankruptcies, DIP Financings and Exit Financings
Represented 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.
Represented a group of lenders in an out-of-court debt restructuring and recapitalization of a Puerto Rican health insurance provider.
Represented 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.
Represented 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, Juris Doctor, Cum Laude
Smith College, 1996, Bachelor of Arts, Cum Laude
Awards and Affiliations
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