Martin LLP is pleased to announce that Ruth Karfiol Glazer has joined the firm’s corporate practice group. Ruth represents clients on matters relating to middle-market companies and their owners and investors. She counsels companies on formation, venture capital and other equity and debt financing transactions, as well as mergers and acquisitions and licensing arrangements. Ruth…

Martin LLP advises a national banking institution as agent and lender in the funding of a ~$20M senior secured term loan credit facility under the Main Street Lending Program, proceeds to refinance existing debt and fund working capital at a global provider of emotional intelligence tests, training, and products. A separate $2M revolver was closed alongside the Main Street…

Announcement  Martin LLP is pleased to announce that we have advised a national banking institution as agent and lender in the closing of a $3.5M senior secured credit facility under the Main Street Lending Program, proceeds to refinance existing debt and fund working capital at a Texas-based event center business. About the Main Street Lending…

Preparing for Potential Defaults under a Corporate Loan Agreement As the coronavirus pandemic continues to depress large swaths of the economy, many businesses continue to experience significant revenue shortfall, and in some instances cash flow has ceased entirely. Unfortunately, for corporate borrowers, this raises the specter of a default on their loan obligations as they…

The Lifecycle of an Opportunity Zone Investment: A Six-Part Series Part 6 Exiting an Opportunity Zone Investment As you are surely aware if you’ve read Parts 1-5 of this Series, each and every aspect of the opportunity zone investment process is both complex and, at least to some extent, fraught with uncertainty. The exit planning…

Drawing Down on Existing Lines of Credit. In a recent post, we examined the pandemic’s effect on corporate loan agreements and identified some key issues that borrowers should consider. In this post, we examine one of these key issues in greater detail, namely drawing down on existing lines of credit, or ’revolvers’. As a result…

Part 5 – Structuring an Opportunity Zone Compliant Investment Once your qualified opportunity fund has been seeded with eligible capital gains, the focus turns to the investment phase. As noted earlier in this series, the “do’s and don’ts” of effectuating an opportunity zone compliant investment are the most complicated and least understood aspect of this…

On May 15, 2020 Collaberex hosted a webinar addressing common questions about loan forgiveness under the Payroll Protection Program (PPP). Signed into law on March 27th, under the CARES Act, the program offers forgivable loans of up to $10 million each to qualified small businesses in order to fund payroll and certain other overhead costs….

This is part one of a six-part series As the COVID-19 pandemic continues to wreak havoc on businesses on a global scale, many sectors of the economy have been forced to operate on a limited basis while others have been effectively shut down altogether.  The resulting conditions present a range of challenges to companies that…

Part 4 – Forming a Qualified Opportunity Fund: The Opportunity Zone Compliant Investment Vehicle In order to gain the tax advantages of investing in opportunity zones, investors/taxpayers must first timely invest capital gains proceeds into a qualified opportunity fund. A qualified opportunity fund, or “QOF”, can be any investment vehicle that is taxed as a…

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