Lawyer Bio : Gary D. Chamblee

Gary Chamblee practices in the areas of corporate finance, real estate finance, loan workouts, restructuring transactions and foreclosures. Gary’s loan workout and foreclosure work includes both real estate and corporate loan workouts and both real estate foreclosures and foreclosures of personal property, including leased equipment, under the UCC. His finance work includes representation of agent banks in syndicated loan transactions (including real estate syndicated loans) and representation of lenders and borrowers in complex real estate finance and commercial finance transactions, including acquisition and development loans, construction loans, term loans, mezzanine finance, multi-state loans and cross-border transactions. His real estate finance experience including representing lenders in office, retail, residential development, multi-family, condominium, mixed use, industrial, golf course, hotel and resort property transactions. His corporate finance work also includes representation of senior secured lenders in corporate acquisitions involving mezzanine lenders and private equity funds.

Workout of $20,000,000 Real Estate Development Loan. Represented lender in workout of residential development loan.

 

Workout of $23,000,000 Real Estate Development Loan. Represented lender in workout of residential development loan secured by mortgages on nine projects in three states.

 

Restructuring of $8,250,000 Senior Credit Facility. Represented national bank as senior lender in restructuring of credit facility to provide for reduction of senior revolving credit facility and funding of reduction by borrower’s issuance of subordinate note to mezzanine lender and equity contribution by private equity group.

 

Modification of $150,000,000 Secured Global Syndicated Credit Facility following Covenant Defaults. Represented Administrative Agent and Collateral Agent in modifying Euro term loan and multi-currency revolving credit facility following covenant defaults secured by assets of co-borrowers and material subsidiaries in U.S., Canada, U.K., Ireland, Hungary, Spain, Serbia and Brazil.

Restructuring of $210,000,000 Syndicated Credit Facilities. Represented borrower and subsidiaries in restructuring of 364-day revolving credit and letter of credit facility and 24-month secured credit facility, including conversion of formerly unsecured credit facilities to facilities secured by all assets of borrower and guarantor subsidiaries.

 

Restructuring of $250,000,000 Secured Surety Bond Facility. Represented construction company borrower and subsidiaries in restructuring of secured surety bond facility and indemnity agreement.

 

$110,000,00 DIP Term Loan Facility and $90,000,000 DIP Revolving Loan Facility. Represented borrower and subsidiaries in Debtor-in-Possession secured financing, including manufacturing and industrial real estate property collateral in Tennessee, Illinois, Kentucky, Ohio, Oregon and Canada.

 

Workout, Foreclosure and Sale of Mountain Resort Property secured by $10,000,000 loan. Represented lender in complex foreclosure of North Carolina mountain resort property involving subdivision moratorium and litigation and in subsequent sale and refinancing of property.

 

Workout, Foreclosure and Sale of Resort Property secured by $8,600,000 in loans. Represented lender in complex foreclosure and sale of resort property involving significant wetlands issues and in subsequent sale and refinancing of property.

Foreclosure and Sale of Motel Property. Represented lender in foreclosure of motel property, including negotiated purchase of furniture, fixtures and equipment from FF&E lessor, and subsequent sale of property.

 

Workouts and Foreclosures of Leased Equipment. Represented bank lessor on workouts and foreclosures of equipment leases.

 

$175,000,000 Syndicated Acquisition and Development Loan. Represented administrative agent in $175,000,000 senior secured credit facility for acquisition and development of more than twenty-five residential real estate projects in Florida.

 

$68,000,000 Syndicated Construction Loan. Represented administrative agent in $68,000,000 secured credit facility for construction of a condominium project.

 $150,000,000 Secured Global Syndicated Credit Facility. Represented Administrative Agent and Collateral Agent in Euro term loan and multi-currency revolving credit facility to co-borrowers secured by assets of co-borrowers and material subsidiaries in U.S., Canada, U.K., Ireland, Hungary, Spain, Serbia and Brazil.

$230,000,000 Synthetic Lease Transaction. Represented lead purchaser in the purchase of its pro rata share of tranches in multi-state synthetic lease transaction.

 

$100,000,000 Secured Syndicated Credit Facility. Represented Administrative Agent and Collateral Agent in $100,000,000 senior secured credit facility secured by all assets of the borrower and material subsidiaries.