Associate - Debt Finance

About the role

BakerHostetler is seeking a Debt Finance associate with 2-5 years of experience to join its busy and growing Debt Finance practice.

Responsibilities

• Represent arrangers, agents, lenders and borrowers in connection with syndicated or bilateral credit facilities.
• Draft, review and negotiate loan documents, including credit/loan agreements, security agreements, guarantees, intercreditor agreements, subordination agreements, promissory notes, fee letters, commitment letters, term sheets, and amendments.
• Negotiate and obtain third party deliverables, including control agreements, bailee waivers, credit card processing agreements, and insurance endorsements.
• Conduct standard diligence surrounding debt finance transactions, including review of searches, organizational documents, management agreements, and preparation of disclosure schedules.
• Organize and run complex closing processes.
• For candidates with greater than 4 years’ experience, draft and negotiate legal opinions and opinion diligence.

Requirements

• Experience with an array of credit facilities, such as secured term loans, cash flow and asset-based revolving credit facilities, leveraged acquisitions, first lien, second lien, and unsecured.
• Involvement and general familiarity with principles and procedures relevant to secured personal property transactions, including UCC Article 9 and relevant elements of UCC Article 8.
• Experience with substantial clients, whether debt funds, banks, private equity sponsors, or privately held middle market companies.
• Admission, or eligibility for admission through waiver, in the state where the candidate will reside and practice.

Qualifications

Ideal candidates will have experience with a reasonably varied scope of secured lending transactions primarily in the middle market but also spanning smaller venture stage debt financing and some large investment grade financings, including (some, but not all) cross-border work, some project finance, restructuring and workout, and first lien/second lien/mezz, in a wide variety of industries.

Why BakerHostetler?

• Work on sophisticated, cutting-edge finance deals across multiple industry sectors.
• Collaborate in a collegial, entrepreneurial environment that values teamwork, innovation, and professional growth.
• Develop both legal and business development skills through meaningful client engagement and responsibility.
• Be part of a firm committed to the legal profession and communities it serves.

Location: This position may be located in any of the following offices: Cincinnati, OH; Columbus, OH; Los Angeles, CA; or New York, NY.

Pay

For Los Angeles and New York, the expected annual salary range for this position is $235,000 - $315,000. Associates also participate in a performance- and hours-based bonus program.

Benefits

• Group health, dental and vision insurance
• Paid holidays (10 days)
• Paid time off
• 401(k) plan
• Parental leave (10 weeks, not including disability, where applicable)
• Family care program
• Wellness program
• Life and accident insurance
• Short and long-term disability