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$9,500,000 Loan to Investment Management Company Officers for Company Stock Purchase

Commercial Lender

Representation of a lender in extending loans totaling $9.5 million to officers of an investment management company to fund the purchase of additional stock in the company. The loans were secured by, among other things, non-publicly traded stock in the investment company. Representation included analysis of the rights and restrictions associated with the stock and the negotiation of an arrangement allowing the lender to directly participate in the existing repurchase/cross-purchase arrangement pertaining to the company stock in the event it ever became necessary to liquidate the lender’s collateral.

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