Frederic L. Ragucci

Frederic L. Ragucci is a partner in the New York office and chair of the Finance Group. Fred’s practice primarily involves finance transactions, including asset-based financings, acquisition financings, debtor-in-possession financings, subordinated debt financings, private placements and public offerings of debt securities, restructurings and workouts.

Fred is a member of the Association of Commercial Finance, the Turnaround Management Association and the American Bar Association. He earned his B.S., with high distinction, from Pennsylvania State University in 1979, and his J.D, cum laude, from Duquesne University School of Law in 1982.

Selected Representations

Representation of an affiliate of a major commercial bank in a $110 million second-lien and mezzanine financing in connection with the acquisition of the Caribbean retail operations of a U.K. company subject to an insolvency.

Representation of a hedge fund, as agent, in an $80 million second lien term loan debtor-in-possession facility, which financing facility was a “roll‑up” of an $80 million prepetition second lien term loan facility.

Representation of a domestic finance company, as agent, in a $105 million unitranche acquisition financing facility, consisting of a $10 million revolving credit facility, a $80 million term loan A facility and a $15 million term loan B facility (with an agreement among lenders), which was provided contemporaneously with a $100 million mezzanine loan facility (with a debt subordination agreement).

Representation of a hedge fund lender, as agent, in a $135 million first lien acquisition financing facility, consisting of a $5 million first lien revolving credit facility, a $110 million unitranche term loan A facility and a $20 million delayed draw term loan B facility (with an agreement among lenders), which was provided contemporaneously with a $40 million second lien financing facility (with an intercreditor agreement).

Representation of a hedge fund lender, as agent, in a $55 million unitranche acquisition financing facility, consisting of a $5 million revolving credit facility, a $30 million term loan A facility and a $20 million term loan B facility.

Representation of a group of hedge fund lenders in a $208 million unitranche financing facility consisting of a $15 million revolving credit facility and a $193 million unitranche term loan (with three separate agreements among lenders and fee split agreements.

Representation of a domestic finance company, as agent, in a $155 million unitranche financing facility consisting of a $15 million revolving credit facility, a $60 million term loan A facility and a $80 million term loan B facility (with an agreement among lenders), which was provided contemporaneously with a $38 million mezzanine loan facility (with a debt subordination agreement).

Representation of hedge fund in a $250 million unitranche financing facility consisting of a $100 million revolving credit facility, a $110 million term loan A facility and a $40 million term loan A-1 facility (with an agreement among lenders).

Representation of a group of hedge fund lenders in a $195 million split-collateral financing facility where the primary collateral was real estate and PP&E and the secondary collateral was working capital assets (with a split-collateral intercreditor agreement).

Representation of the agent in a $170 million split-collateral DIP financing facility, with a synthetic letter of credit subfacility, where the primary collateral was real estate and PP&E and the secondary collateral was working capital assets (with a split-collateral intercreditor agreement).

Representation of the lead senior secured lenders in an out-of-court restructuring of a $127 million senior secured financing facility and a $40 million mezzanine facility where the senior and mezzanine lenders provided a new senior secured financing facility and received 100% of the equity ownership of the company.

Representation of a domestic finance company in a C$100 million revolving credit facility subject to a borrowing base, where borrowing base availability was increased by the dollar for dollar value of certain junior participations purchased by the equity holders and certain service providers.

Selected Speaking Engagements

Memberships

American Bar Association
Association of Commercial Finance Attorneys
Turnaround Management Association

Other Distinctions

The Best Lawyers in America
IFLR Guide to the World’s Leading Banking Lawyers

Bar Admissions

• New York

Court Admissions

• U.S. District Court, Southern District of New York 1983
• U.S. District Court, Eastern District of New York 1983

Education

Prior Experience

Legal Department, Chemical Bank, 1984-88
Associate, Cole & Deitz, 1982-84