Skip to content

Structuring and Purchase of $10 Million Note Issued by Farming Cooperative

Represented a major insurance company in connection with its purchase of a $10 million note issued by a large farming cooperative. The transaction was structured as a senior secured private placement, guaranteed by a subsidiary of the issuer and secured by real estate of the issuer and one of its subsidiaries. Loeb, among other things, structured the transaction, drafted and negotiated the note purchase agreement and guarantee and negotiated the mortgages and intercreditor and collateral agency agreement with the issuer’s group of bank lenders.