Akin Advises Bain Capital Credit in Launch of Legacy Corporate Lending
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(New York) – Akin advised Bain Capital Credit, L.P., a leading global credit specialist, in an equity investment for the launch of Legacy Corporate Lending, a new asset-based lending company focused on supporting middle market companies across North America.
With an innovative structure, Legacy Corporate Lending will provide term loans and revolving credit facilities between $10 to $40 million to companies seeking access to capital outside of traditional bank lending or the syndicated lending market. Loans will be secured by assets including accounts receivable, inventory, machine and equipment, real estate and intellectual property.
More details on the transaction can be found here.
The Akin team was led by special situations & private credit co-head Ranesh Ramanathan and counsel Alexander Cushman, with assistance from tax partners Wells Miller and Ryan Dahan, tax counsel Aaron Farovitch and Peretz Riesenberg and associates Matt Naifeh, Jenny Lyubomudrova and Nate Sherman.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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