Howard Schiff focuses his practice on representing major global financial institutions and regional banks as agents and lenders in large corporate syndicated and middle-market commercial finance transactions and loan restructurings, out-of-court work-outs and bankruptcy proceedings.
Mr. Schiff helps structure complex lending transactions and drafts and negotiates loan agreements, intercreditor and subordination agreements, and equity subscription agreements in various financing arrangements, in acquisition financing, cashflow lending, asset-based (borrowing base) lending, liquidity facilities, standby letter of credit facilities, intermediary lending and New Markets Tax Credit transactions in connection with Community Reinvestment Act (CRA) compliance. He also often reviews and negotiates credit agreements for banks that are syndicate members in large syndicated facilities. Mr. Schiff has assisted global and regional banks and other financial institutions in providing financing to companies in a wide variety of industries, including: manufacturing; retail; media, including television stations, newspapers and magazine publishers; entertainment; mutual funds and other investment companies; law firms, consultants and other professional services; real estate development; affordable housing; and Community Development Financial Institutions (CDFIs).
Loans, Restructurings, Out-of-Court Work-Outs and Bankruptcy
Mr. Schiff also has extensive experience in counseling and advising financial institutions in out-of-court and in-court credit facility work-outs and restructurings. He frequently drafts and negotiates forbearance agreements, restructuring agreements/loan amendments, deeds-in-lieu of foreclosure, debtor-in-possession financing, cash collateral, and bankruptcy plans of reorganization.