Frederic L. Ragucci

Frederic L. Ragucci is a partner in the New York office, chair of the Finance Group and a member of the firm’s Executive Committee. 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, securitizations and structured financings, swaps and other derivative products, restructurings, workouts and acquisitions of claims in bankruptcy. Some recent significant representations include: 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; the agent for a group of commercial finance companies and hedge fund lenders in a $180 million financing facility to finance the purchase of a chemical company; the agent for a group of Term B lenders in a $200 million second-lien credit facility to a software company; and a hedge fund in a $70 million credit facility to finance the acquisition of pharmaceutical assets in a Section 363 sale.

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

Domestic finance company, as agent, in numerous syndicated secured working capital financings to public and private companies.

Domestic public company in the corporate communications business in obtaining a $550 million credit facility to finance a public tender offer in the U.K.

Agent of a syndicate of Japanese commercial banks in providing a Canadian paper company with credit and liquidity support for a Canadian dollar 600 million multi-currency medium term note program and a Canadian dollar 150 million multi-currency credit facility.

Private investment fund in obtaining approximately $300 million of senior and subordinated financing in connection with a public tender offer and merger involving a clinical laboratory testing business.

Issuers in private placements and public offerings of debt securities.

Purchasers of $140 million of subordinated convertible indebtedness and equity from a company that was awarded FCC licenses to develop and operate personal communications services.

Domestic commercial bank and a finance company, as agents, in a $140 million financing to a public company to finance the acquisition of the assets of an importer of women’s apparel.

Japanese commercial bank that provided acquisition financing to the bank holding company of a large Hawaiian commercial bank.

Sellers, issuers, purchasers and credit enhancers in securitizations, structured financings and municipal financings.

Private investment funds in connection with their acquisition of the distressed bank indebtedness of domestic and U.K. companies.

Domestic finance company, as lender, in numerous debtor in possession and confirmation financings.

Japanese bank in connection with the restructuring of an interest rate swap with a notional amount of approximately $188 million, including the attempted foreclosure and public sale of the interest rate swap by a group of third-party creditors.

Selected Speaking Engagements

Memberships

American Bar Association
Association of Commercial Finance Attorneys
Turnaround Management Association

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