Sponsor Finance

The Smith Anderson team includes finance lawyers with extensive experience representing banks, private credit funds and other non-bank lenders that provide growth and acquisition capital to lower-middle market and middle market businesses backed by traditional private equity sponsors, search funds and independent sponsors.

Over the past 3 years, we have represented clients in over 90 sponsor finance transactions totaling in excess of $1 billion. We bring a sophisticated, efficient and collaborative approach to sponsor financing. Our attorneys guide clients on a broad range of financings across a variety of different structures and transaction types, including term loans, revolving lines of credit, delayed draw term loans for platform M&A and development, unitranche (first out/last out) debt facilities and traditional intercreditor arrangements, acquisition financings, working capital loans, refinancings, recapitalizations, partner buyouts and asset-based financings.  

Services

• Secured and Unsecured Loans
• Single Lender Loans
• Syndicated and Club Loans
• Unitranche (First Out/Last Out) Debt Facilities
• Intercreditor Arrangements
• Senior and Mezzanine Loans
• Term Loans
• Delayed-Draw Term Loans
• Asset-Based Lines of Credit
• Non-Formula Lines of Credit
• Acquisition Financing
• Participations
• Security and Collateral Documents
• Refinancings
• Recapitalizations
• Partner Buyouts

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• Represented a lender in connection with $125,000,000 unitranche financings designed to fund current and future acquisitions by a private equity sponsor’s dental services organization and psychiatric and mental health organization platforms.

• Represented a commercial bank in connection with a $11,600,000 financing for the acquisition of a company specializing in risk and security program support in the defense and the space manufacturing industries.
• Represented a senior lender in connection with a $30,000,000 financing for the acquisition of a company specializing in senior living communities.
• Represented a senior lender in connection with a $35,200,000 financing for the acquisition of a company specializing in auto repair services.
• Represented a senior lender in connection with a $27,000,000 financing for the acquisition of an independent insurance agency network.

• Represented a lender in a $60,000,000 term loan and delayed draw term loan credit facility for an investment advisor to refinance existing debt and grow via acquisition financing.