Lydia Joo Lee represents lenders, agents, sponsors and corporate borrowers in acquisition financings, first lien senior secured term, revolver and asset-based loan facilities, subscription facilities and mezzanine and subordinated debt facilities in several industries, including aerospace, manufacturing, customer services and printing.
Represented PRCE Management LLC, an affiliate of Phorcys Asset Management LLC, in connection with the formation and offering of up to $150 million worth of unsecured 3.00% variable appreciation promissory notes of Ocean Capital LLC, a Puerto Rican limited liability company and private investment fund organized for the purpose of investing in a family of Puerto Rico registered investment companies (the PR Funds); advised the client on the preparation and negotiation of the form of promissory note, note purchase agreement, subscription agreement and private placement memorandum, as well as negotiating the terms of side letters and other agreements with investors; also advised the client on a parallel private tender offer with third party shareholders of the PR Funds in conjunction with the information agent and depositary agent, providing U.S. securities advice to the client on the tender offer and responsible for the preparation of the offer to purchase (including supplements), form of securities transfer agreement, and letter of transmittal, as well as the drafting of advertising material published in Puerto Rico
Represented agent and lender in a $65 million first lien senior secured term loan to a manufacturing company
Represented agent and lenders in a $135 million first lien senior secured term loan and revolving credit facility for an acquisition financing of a printing company
Represented agent and lenders in a $280 million first lien senior secured term loan and revolving credit facility for an acquisition financing of an automobile performance products parts company
Represented borrower in a $250 million subscription facility
Represented private equity fund and borrower in a $72.5 million senior secured term loan and revolving credit facility and simultaneously represented private equity fund and company in the issuance of $36.5 million in senior secured subordinated notes
magna cum laude, 2011