Think (and Move) Fast!
A manufacturing client of Quarles & Brady needed a $350 million revolving credit facility and wanted to issue an additional $150 million in high-yield bonds. Completing the work would require coordinating with attorneys in six states, plus Nova Scotia, Ontario, and Switzerland. Here's the catch: our client needed to complete both transactions in less than 30 days. Attorneys involved in the case worked independently to craft and approve the transactions while negotiating between the parties to achieve consensus and build the necessary documents to complete the job. Both transactions were finalized before the deadline, and the team was able to take advantage of fleeting market and interest-rate conditions that made the whole plan possible.