Newsroom - April 2008

The bankruptcy team represented a bank client with respect to an $18 million asset–based loan to one of Florida’s largest suppliers of commercial and residential roofing products. After extensive workout negotiations and transactions in the fall of 2007, the borrower filed a Chapter 11 bankruptcy case in Tampa, Florida. Our client provided debtor–in–possession financing in the bankruptcy case, and in early 2008, the now debtor decided to market and sell its business. The bankruptcy team was heavily involved in negotiations with potential purchasers and drafting the proposed asset purchase agreement. Despite the dismal state of the housing market in Florida, after a three–day court–supervised auction of the debtor's assets in late February, 2008, the initial proposed purchase price was doubled. The sale to a New York–based private equity group closed on February 29, 2008, resulting in full payment of all principal, interest and attorneys' fees owed to our very pleased client. The team consisted of Ed Dobbs and Jay Rankin.

Newsroom Photo

Upcoming Events

2/28/2019 - Tracy Field, a healthcare partner in our Atlanta office, will be presenting "Legal and Practical Considerations in Analyzing Potential Overpayments" at the Long Term Care and the Law program for the American Health Lawyers Association in Phoenix, Arizona, on February 28 and March 1.

3/29/2019 - Tracy Field, a healthcare partner in our Atlanta office, will be presenting "Anatomy of an Overpayment Analysis for Providers" at the North Carolina Healthcare Financial Management Association's 2019 Annual Conference in Pine Hurst, North Carolina, on March 29.

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