Robert A.J. Barry

Robert is frequently involved in complicated deals that require the coordination of numerous professionals including equity sponsors, restructuring advisers, and auditors. Prior to joining Morgan Lewis, Robert was a partner in the banking and leveraged finance group of an international law firm.

Front-End Representation

• $1 billion senior secured asset-based credit facility to a regional retailer in connection with the acquisition of a division of a national retailer.
• $100 million senior secured revolver and term loan to a national restaurant company in connection with a recapitalization involving placement of $27 million of subordinated debt.
• Representation of agent and arrangers in connection with credit facilities provided to finance the tender offer to purchase the largest franchisee of a national restaurant chain.
• $60 million senior secured credit facility to an auto parts supplier composed of $74 million asset-based revolver, $3.5 million secured tranche B term loan, and $6 million ex-im bank revolver.
• $125 million senior secured asset-based working capital facility to a national clothing retailer.
• $30 million senior secured working capital revolver to a Mexican restaurant chain in connection with the issuance of $105 million of junior secured term notes.
• $85 million of senior secured working capital facilities to an international specialty paper company composed of $60 million U.S. borrowing base revolver and $20 million German modified borrowing base revolver.
• $100 million senior secured asset-based working capital facility to a national electronics retailer.
• $500 million borrowing base revolver to a high-end jewelry retailer.
• $110 million borrowing base revolver and secured tranche B facility to a national furniture retailer.
• $65.5 million asset-based revolver and term loan facility to a manufacturer of western apparel and accessories.
• $10 million secured tranche B term loan facility to finance the purchase of a novelty retailer.
• $58 million borrowing base revolver and $12.5 million tranche B term loan facilities to a high-end regional jewelry retailer.
• $140 million asset-based senior secured credit facilities to a regional high-end department store chain with borrowing base governed by inventory, private label credit cards, and real estate.
• $40 million secured tranche B loan to a provider of pay phone services to prison facilities.
• $60 million senior secured revolver and $80 million asset-backed commercial paper conduit program. Original facilities were put in place in connection with a national retailer’s exit from bankruptcy.
• $10 million senior secured tranche B and $5 million junior secured tranche C debtor-in-possession term loans to a specialty retailer.
• $100 million senior secured borrowing base revolver in connection with a clothing manufacturer’s exit from bankruptcy.
• $180 million senior secured borrowing base revolver and term loan to an aluminum company.
• $150 million senior secured revolver and term loan acquisition financing to a plastic manufacturer.
• $245 million senior secured international revolver and term loan acquisition financing to a multinational used clothing retailer.
• $88.5 million senior secured borrowing base revolver, term loan, and precious metals consignment facility in connection with the recapitalization of a jewelry manufacturer.
• $25 million lease warehouse facility and $80 million asset-backed commercial paper conduit program to a small ticket lease company.
• $300 million senior credit facility. Original facility was a fully secured borrowing base revolver and gold consignment facility in connection with a national jewelry chain’s exit from bankruptcy.
• $30 million senior secured revolver and term loan to a national restaurant chain.
• $75 million partially secured loan to equity sponsor group to cash out certain founding partners.

Restructuring Representation

• Representation of a senior secured first and second lien lender in connection with bankruptcy filing and liquidation of a furniture retailer and manufacturer. Prepetition facilities included $45 million borrowing base revolver and $12 million tranche B loan. After the bankruptcy filing, the prepetition facility was refinanced with a $35 million debtor-in-possession facility.
• Representation of senior secured asset-based lenders to an international specialty paper company in connection with a $30 million debtor-in-possession U.S. working capital facility and the restructuring of a $30 million formula-based German working capital facility.
• Representation of an agent in connection with $305 million debtor-in-possession senior secured credit facilities to a specialty athletic footwear and licensed shoe department retailer. Facilities included $225 million borrowing base revolver and $30 million tranche B and $50 million tranche C formula-driven term loans.
• Representation of a $10 million secured tranche B lender in connection with the liquidation of a national specialty toy retailer.
• Representation of an agent under $125 million senior secured working capital credit facility to a personal safety products manufacturer. Restructuring of the company and eventual payment in full of senior debt was accomplished through a prepackaged bankruptcy filing that converted $100+ million of junior debt into equity of company.
• Representation of a regional high-end department store chain in its roll-up of prepetition senior secured credit facilities into $100 million DIP and eventual going out of business and liquidation.
• Representation of an automotive parts supplier and defense subcontractor in the restructuring and successful refinancing of $170+ million senior credit facilities involving the sale of the automotive assets and restructuring of subordinated debt.
• Representation of a home product retailer in the repayment of a secured tranche B loan in connection with bankruptcy and liquidation, utilizing consensual use of cash collateral during going-out-of-business sales.
• Representation of a national jewelry chain in the restructuring of $100+ million of senior bank debt and securitization facilities, and in the recovery of debt in connection with eventual bankruptcy.
• Representation of a small-ticket item leasing company with warehouse and conduit facilities in its restructuring, liquidation, and eventual bankruptcy.
• Representation of a high-tech component parts manufacturer in the restructuring of $170 million of credit facilities.
• Representation of a commercial linen supplier in the restructuring of $125+ million of credit facilities.
• Representation of a restaurant chain in the restructuring and successful refinancing of $200+ million in credit facilities.
• Representation of a national employment services business in the restructuring and partial refinancing of approximately $75 million of debt.

Representation of a class ring and scholastic services company in the restructuring of $100 million of credit facilities.