Biography
Michael Loesberg focuses his practice on the representation of national and international banks, other financial institutions, finance companies and hedge funds in connection with asset-based lending and other commercial lending transactions (including working capital and acquisition financings) as well as business reorganization and financial restructuring transactions. Michael has wide-ranging experience with syndicated and single-lender loan transactions involving revolving loans, term loans and unitranche transactions, multicurrency and cross-border transactions, and intercreditor and subordinated debt arrangements.
Before joining Blank Rome, Michael was a partner in the New York office of an international law firm, and earlier in his career was a law clerk for The Honorable Geraldine Mund, U.S. Bankruptcy Court for the Central District of California.
Experience
- Anational bank as agent and lender, in a $1.5 billion working capital revolving credit facility to the largest national retail supplier of lumber and professional building materials.
- A national bank as agent and lender, in a $800 million debtor-in-possession financing facility to a national retail supermarket chain and a $725 million Chapter 11 exit financing facility to the company.
- A national bank as agent and lender, in a $75 million working capital revolving credit and term loan facility to a manufacturer and distributor of bath tissue, paper towels, napkins, and facial tissues.
- A national bank as agent and lender, in a $175 million revolving credit facility to a private equity firm in connection with the acquisition of and working capital for a provider of scaffold rentals, sales, and project management services.
- A national bank as agent and lender, in a $200 million working capital revolving credit facility to a leading retail chain of plus-size women’s clothing stores.
- A national bank as agent and lender, in a $75 million working capital revolving credit and term loan facility to a prominent retail supplier of vitamins and nutritional supplements.
- A national bank as agent and lender, in a $80 million working capital revolving credit and term loan facility to a regional operator of transit, para-transit, and school buses.
- A national bank as lender, in a $27 million working capital revolving credit facility to a supplier and distributor of beef and poultry products.
- A national bank as agent and lender, in a $250 million working capital revolving credit and term loan facility to a producer of aluminum can stock for the beverage and food industries.
- A national bank as first lien agent, first lien lender, and second lien agent, in a $75 million working capital revolving credit and term loan facility to a national auto transport company.
- A national bank as agent and lender, in a $525 million multi-currency working capital revolving credit to an international locomotive manufacturer and provider of locomotive technology.
- A national bank as agent and lender, in a $225 million working capital revolving credit and term loan facility to a regional supplier of building materials to professional contractors.
- A national bank as agent and lender, in a $85 million working capital revolving credit facility to a supplier of cheese and other dairy products.
- A national bank as agent and lender, in a $200 million working capital revolving credit facility to a national chain of gas stations and truckstops.
- A national bank as lender, in a $25 million revolving credit facility to a private equity firm in connection with the acquisition of and working capital for a leading designer and manufacturer of concealable and tactical body armor.
- A national bank as agent and lender, in a $53 million working capital revolving credit and term loan facility to a prominent retail chain of men’s sportswear and apparel.
- A finance company as agent and lender, in a $100 million working capital revolving credit and term loan facility to a national retail chain of home appliances and consumer electronics stores.
- A national bank as agent and lender, in a $110 million working capital revolving credit facility to a supplier of precious metals, tubing, and engineered materials.
- A national bank as lender, in a $15 million Chapter 11 exit financing facility to a Canadian manufacturer and supplier of cookies and other baked goods.
News & Views
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Media Coverage
Law360 Names Attys Who Moved up the Firm Ranks in Q1
Law360Gregory M. Bordo, Jayme L. Butcher, Kathleen A. Cunningham, Kevin R. Doherty, Caroline Powell Donelan, Craig M. Flanders
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Press Release
Blank Rome Announces 2018 Promotions: 11 Partners, 3 Of Counsel
Alan J. Hoffman, Kevin R. Doherty, Caroline Powell Donelan, Craig M. Flanders, Michael Kim, Michael J. Loesberg
Credentials
Admissions
- New Jersey
- California
- New York
Education
- Colgate University, BA, cum laude
- George Washington University Law School, JD, with honors