Christopher Desmond

• Manager’s counsel on numerous CLO transactions with respect to both broadly syndicated and middle-market loans.
• Borrower’s counsel on numerous asset-backed and subscription-based fund finance facilities, including:
  • A joint venture between a BDC and a public university system endowment in a US$50 million subscription financing facility backed by capital commitments of the joint venture partners, and a US$200 million asset-backed loan facility backed by corporate loans.
  • A special-purpose Cayman Islands-registered financing facility in a US$75 million subscription financing facility backed by capital commitments of US and international investors, including ERISA investors, and a US$75 million asset-backed loan facility backed by corporate loans.
• Lender’s counsel on numerous leveraged and asset-backed corporate loan facilities, including:
  • DIP lenders in a US$505 million super-priority senior secured loan to a national chain of bookstores through its bankruptcy and liquidation.
  • The senior lenders in a US$60 million secured cash-flow term and revolving loan facility as part of the leveraged buyout of a regional fast-food chain.
  • The senior lenders to a re-refiner and marketer of used motor oil in split-collateral asset-backed credit facility.
• The ticket revenue securitization trust of a Major League Baseball franchise and related entities in connection with the bankruptcy and ultimate sale of the franchise.
• A major U.S.-based chemical manufacturer in the restructuring of a €500 million securitization of its European subsidiaries’ trade receivables in order to obtain off-balance-sheet treatment under FAS 166 and 167.
• The administrative agent and related conduit purchaser in a US$100 million asset-backed commercial paper facility for a major manufacturer and distributor of hardwood flooring and other wood products.
  

Includes matters handled at Dechert or prior to joining the firm.

• Fund Finance: Liquidity Management Solutions for the Nimble Investory - SuperReturn North America 2023,  New York, NY (November 7, 2023)
• Private Funds Panel - Los Angeles Investment Management Symposium, Dechert LLP, Los Angeles, CA (October 27, 2022)
  
• Middle Market CLOs - Opal Group's CLO Summit 2020, Virtual Conference (December 9, 2020)
• US Manager Roundtable - Opal Group's CLO Market Outlook 2020, Virtual Conference (June 24, 2020)
  
• Considerations for Warehouse Borrowers - Dechert LLP, Webinar (April 16, 2020)
  
• CLO Markets in a Regulated Environment - Opal Group's CLO Summit 2019, Dana Point, CA (December 9, 2019)
  
• ABCs of Fund Finance Webinar: Subscription Lines, NAV Facilities and Asset-Based Loans - Dechert LLP, Webinar (September 10, 2019)
  
• Dispatches from the CLO Trenches - Creditflux Symposium, London (May 8, 2019)
• Investing in CLOs for Family Offices & Pension Funds - Opal Group's CLO Summit 2018, Dana Point, CA (November 28, 2018)