Brian D. Trudgen
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Brian D. Trudgen

Shareholder

Pittsburgh, PA
Washington, DC
 
 
  • Multi-Lender Credit Facilities
    • Served as counsel to the administrative agent and lead arranger in connection with a $1.6 billion unsecured credit facility for a public company borrower in the transportation industry.
    • Served as counsel to the borrower in connection with a $900 million in senior secured credit facilities for a public company borrower in the hospitality industry.
    • Served as counsel to the administrative agent and lead arranger in connection with an $800 million credit facility for a public company borrower, the proceeds of which were used to refinance existing indebtedness and to financing the acquisition of a group of companies in the wood treatment industry. The obligations under the credit facility were secured equally and ratably with the company's outstanding notes pursuant to the terms of a collateral trust agreement.
    • Served as counsel to the administrative agent and lead arranger in connection with a $200 million unsecured credit facility for a public company borrower in the railroad and transportation industries.
    • Served as counsel to the administrative agent and lead arranger in connection with $120 million in senior secured credit facilities, including a tranche of $50 million in economic development revenue bonds, for a privately held company in the meat packing industry.
    • Served as counsel to the administrative agent and lead arranger in a $335 million asset-based credit facility for a national petroleum company.
    • Served as counsel to the administrative agent and lead arranger in connection with a $202 million senior secured credit facility to finance the acquisition of the stock of a specialty metals company. The credit facility also involved the merger of the acquired company into the borrower, as well as the negotiation of a subordination agreement with third party lenders who helped to finance the acquisition.
    • Served as counsel to the administrative agent and lead arranger with respect to a $400 million unsecured credit facility provided to an investment grade, public company borrower.
    • Served as counsel to the administrative agent and lead arranger with respect to a $400 million senior secured credit facility provided to a vertically-integrated, global vision company and 35 of its domestic subsidiaries. The credit facility was guaranteed by the borrower's non-profit insurance company parent, which implicated various regulatory issues in the structuring and documentation of the guaranty agreement.
    • Served as counsel to the administrative agent and lead arranger with respect to approximately $160 million in senior secured credit facilities consisting of first lien, second lien and fully subordinated tranches of debt for a specialized manufacturing company with U.S. and Canadian operations.
    • Served as counsel to the administrative agent, collateral agent, sole lead arranger and sole bookrunner with respect to an $85 million revolving credit facility with a $25 million export-related subfacility, which is guaranteed by the Export-Import Bank of the United States under a fast-track working capital guaranty program for a global specialty chemicals company. The credit facilities are secured by first/second priority liens in all of the company's domestic assets with inverse first/second priority liens granted in connection with a simultaneous high-yield debt offering (wrap collateral structure).
  • Single-Lender Credit Facilities
    • Served as counsel to a bank with respect to the issuance of an $80 million letter of credit used to provide credit enhancement and liquidity support for certain industrial development bonds. The facility is secured by a gross revenue pledge of the members of the obligated group under two separate master indentures.
    • Served as counsel to a financial institution in connection with a $100 million term loan made to a processing company the proceeds of which were used to refinance a tranche of notes issued pursuant to senior notes offering.
    • Served as counsel to a financial institution in connection with a $90 million credit facility which included a $50 million revolving credit facility and a $40 million term loan facility for a holding company that owns and operates various equipment manufacturers and a marine transportation provider.
    • Served as counsel to a financial institution in connection with the structuring, documentation and negotiation of a $10 million secured term loan facility provided to a municipal authority in connection with the transfer of the ownership of certain facilities from a private management company to such municipal authority in which such private company continued in its role as the manager of such facilities. The credit facility is secured by a pledge of such transferred assets. In addition, the structuring of the financing arrangements required the resolution of a number of issues that are unique to the context of a public-private partnership, including those related to the municipal authority's power to enter into the public-private partnership with the management company as well as issues related to the authority's acquisition of and granting security interests in assets.
    • Served as counsel to a private equity firm in connection with the purchase of senior subordinated notes used to fund a portion of the acquisition consideration for the leveraged buy-out of a services company.
    • Served as counsel to the lender in connection with a $75 million senior secured credit facility to finance the acquisition of the assets of a deep water petroleum terminal. The credit facility is secured by liens on all of the assets of the loan parties, including a federally-registered vessel. The transaction involved a number of complex environmental and permitting issues.
    • Served as counsel to the lender in connection with secured bank-qualified and non-bank qualified credit facilities for a private, non-profit assisted living facility operator, the proceeds of which were used to refinance existing indebtedness and for providing working capital.
  • Leasing Matters
    • Served as counsel to a leasing company in connection with the lease of 485 specialty rail cars to be used in the U.S., Canada and Mexico.
    • Served as counsel to a national equipment leasing company with respect the purchase of an approximately $21 million portfolio of federal government equipment leases.
    • Served as counsel to the lender in connection with the funding of an aircraft lease. Such funding was collateralized by a security interest in the subject aircraft and an assignment of the funded lease.