Lon focuses on asset-based finance and other commercial finance transactions. He has extensive experience structuring, documenting, and negotiating secured and unsecured revolving credit and term loan financings. These credit facilities include syndicated loans, unitranche facilities, second-lien, mezzanine, and subordinated facilities, domestic and cross-border transactions, working capital and acquisition financings (including 363 purchases), debtor-in-possession and exit financings, and other financing arrangements, such as trade and supply-chain finance, receivables purchases, and structured finance. The transactions Lon has closed for lead-lender Agents in syndicated facilities and for individual lenders, have involved complex collateral types both domestically and in foreign jurisdictions. The borrowers’ businesses have spanned a broad range of industries, including manufacturing, retail, oil and gas, metals and minerals, chemicals, aviation, agricultural products and agribusiness, healthcare, telecommunications, automotive parts, and consumer goods.
- Representation of the agent and lead lender in connection with a $550 million senior secured revolving credit facility in favor of a US-based, NYSE-listed multinational, specialty chemicals manufacturer, including intercreditor arrangements, multi-currency advances, and collateral located throughout Europe, Asia, and Australia
- Representation of the agent and lead lender in connection with the $670 million secured revolving credit and term loan facility in favor of the US operating companies of a Middle East-based oil refining and distribution leader, including complex perfection rules and regulatory issues
- Representation of the agent and lead lender in a $75 million senior secured revolving credit facility in favor of a prominent furniture importer/manufacturer owned by a leading private equity firm
- Representation of the agent and lead lender in connection with a $700 million senior secured revolving credit facility for the acquisition of the metals (principally brass and copper) business of a US-based global conglomerate by a special situations group, including intercreditor arrangements with respect to a first lien term loan on certain fixed assets, and extensive commodity hedging arrangements and mechanics
- Representation of lender in $10 million pre-export financing of Argentine agribusiness commodity exporter
- Representation of a hedge fund in connection with the financing arranged for it by another hedge fund, in connection with the client’s purchase of an equity interest in a business unit of one of the world’s largest telecommunications companies
- Representation of the agent and lead lender in connection with a $75 million revolving credit facility in favor of a domestic manufacturer of industrial batteries
- Representation of the DIP agent and lead lender in connection with the Section 364 debtor-in-possession financing of a leading bicycle manufacturer and importer, including the negotiation of its recapitalization and proposed asset dispositions, noteholder debt, and the rights of licensors and employees
- Representation of the agent and lead lender in connection with the secured, asset-based financing of the acquisition by a private equity firm of a famous athletic footwear brand, involving international collateral, global trademarks and copyrights, and worldwide intellectual property licenses
- Representation of the agent and lead lender in a $200 million senior secured revolving credit facility in favor of a national clothing retailer
In The NewsMoreLess
- The evolution of material adverse effect provisions in credit agreements – The use of the term material adverse effect within asset-based lending agreements has a long history. Jaime Rachel Koff and Lon M. Singer provide an introduction to the term and how it was originally used and then take us through more recent history and how its use has changed, particularly during the COVID-19 pandemic.
ABF Journal, Q2 2021
- COVID-19 Commercial Finance Roundtable – As lenders struggle with difficult decisions and challenging portfolio management issues amidst the Covid-19 Pandemic, Commercial Finance Senior Partners Lon Singer, Kevin Murtagh, and Don Rothman from our firm’s Financial Services Group survey and discuss what they are seeing in the marketplace.
Riemer & Braunstein News, April 2020
- Lending to manufacturers and sellers operating as licensees (not owners) of famous marks – Secured Finance Network President John DePledge, Head of Asset-Based Lending at Leumi Business Credit, and Lon Singer, Senior Partner in Riemer & Braunstein LLP’s commercial finance group, discuss the unique business and legal concerns involved in lending to companies operating as licensees of famous marks.
The Secured Lender Express, January 24, 2020
- Legal Lines: Finding the sweet spot as legal and commercial advisor to lenders – The attorney who advises asset-based lenders and other lenders faces unique and ever-changing professional challenges.
Lon M. Singer of Riemer & Braunstein’s Financial Services Group examines the collaborative relationship of counsel and lender clients.
ABF Journal, June/July 2019
- Large publicly-traded companies present special opportunities for ABL market leaders – Lending to large, public companies can burnish an ABL lender’s reputation and offer a unique opportunity to expand its business model. Riemer & Braunstein’s Lon M. Singer explains how to navigate through these complex and ultimately rewarding deals.
ABF Journal, September/October 2018
- Senior Partners Jaime Koff and Lon Singer explored the evolution of “Material Adverse Effect/Change” provisions in credit agreements, including how they have been crafted and used, and how their role continues to evolve in the current economic and lending environment.
Secured Finance Network – November 12, 2020
Guest Lecturer, Fordham University School of Law, Contract Drafting and Negotiations