People: Christopher Carolan, Partner

Christopher Carolan

Partner

New York
Direct: (212) 218-3356
Fax: (917) 344-1281
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Christopher J. Carolan is a partner in the New York office of Seyfarth Shaw LLP. He is a member of the firm’s Corporate department.

Mr. Carolan practices in the areas of leveraged finance, corporate transactions, real estate, workouts, and restructuring. He has represented senior and subordinate lenders, agents, and borrowers in a variety of large and middle market syndicated and bilateral loans and letters of credit transactions, both in the United States and internationally.  These transactions frequently involve complex intercreditor relationships, asset backed loans, and a diverse array of collateral including inventory, accounts receivable, real estate, intellectual property rights, equity interests, and other interests located both inside and outside the United States.  Mr. Carolan has particular experience in the financing of retailers, early stage entities, hedge funds, clean energy manufacturers and installers, and real estate.  On the restructuring side, he has represented administrative agents and lenders in several complex out-of-court and in-court proceedings, providing advice on the restructuring of distressed credits, the provision of debtor-in possession financing, exit financing, liquidation, reorganization, and the general exercise of rights and remedies.

Prior to joining the firm, Mr. Carolan was an associate general counsel to BNP Paribas in New York.  He is currently on the Board of Governors of the Human Rights Campaign.

Christopher J. Carolan is a partner in the New York office of Seyfarth Shaw LLP. He is a member of the firm’s Corporate department.

Mr. Carolan practices in the areas of leveraged finance, corporate transactions, real estate, workouts, and restructuring. He has represented senior and subordinate lenders, agents, and borrowers in a variety of large and middle market syndicated and bilateral loans and letters of credit transactions, both in the United States and internationally.  These transactions frequently involve complex intercreditor relationships, asset backed loans, and a diverse array of collateral including inventory, accounts receivable, real estate, intellectual property rights, equity interests, and other interests located both inside and outside the United States.  Mr. Carolan has particular experience in the financing of retailers, early stage entities, hedge funds, clean energy manufacturers and installers, and real estate.  On the restructuring side, he has represented administrative agents and lenders in several complex out-of-court and in-court proceedings, providing advice on the restructuring of distressed credits, the provision of debtor-in possession financing, exit financing, liquidation, reorganization, and the general exercise of rights and remedies.

Prior to joining the firm, Mr. Carolan was an associate general counsel to BNP Paribas in New York.  He is currently on the Board of Governors of the Human Rights Campaign.

Education

  • B.A., Fordham University (1995)
    magna cum laude in cursu honorum
  • M.A., Fordham University (1997)
  • J.D., New York University School of Law (2000)
    Notes Development Editor, New York University Law Review

Admissions

  • New York

Affiliations

  • American Bar Association
  • New York State Bar Association

Representative Engagements

As Lender’s or Agent’s Counsel

  • Represented the retail finance division of a large national bank as the arranger, administrative and collateral agent, lead lender, and letter of credit issuer in several senior, secured, syndicated revolving credit facilities to large national and international retailers, ranging in size from $35 million to $4 billion, including in related workouts, restructurings, or liquidations.
  • Represented the U.S. branches of a large European bank in leveraged commodity finance (including oil, gas, chemicals, metals, and grain), international trade finance, and general corporate finance transactions.
  • Represented the corporate trust division of a large, national bank solely in its capacity as an administrative and collateral agent on behalf of a group of lenders in several syndicated loan transactions.
  • Represented a lender in a series of secured and unsecured term loan facilities to finance various microfinance lenders' operations in a number of jurisdictions, including Russia, China, Argentina, and Kazakhstan.

As Borrower’s Counsel

  • Represented a fund of funds in the negotiation of its $550 million senior, syndicated revolving credit facility with a syndicate of banks secured by the fund’s investment portfolio.
  • Represented borrower in a €230 million multi-currency, syndicated, acquisition finance term loan and revolver facility to support a European-based multinational business software firm's acquisition of a UK-based multinational firm.
  • Represented a leading independent producer of live-action television programming for children and young adults in negotiation and documentation of a series of film slate financing transactions of up to $120 million.

Restructuring

  • Represented the agent and first lien term lenders to Movie Gallery & Hollywood Video in the Chapter 11 liquidation of the nation’s then second-largest video rental chain, and represent the successor liquidating trust established for the benefit of the lenders.  Engagement included advice on cash collateral financing, inter-lender and inter-creditor negotiations, negotiation of plan of liquidation and settlement of various claims and disputes.
  • Represented a consortium of senior secured lenders to a manufacturer of solar energy equipment, and its successor. This wide-ranging engagement included representing this group of lenders in a DIP loan (which included non-DIP financing for the borrower's European subsidiaries), supplementary DIP financing, a successful credit bid by the lenders to acquire the assets of the company, the provision of exit financing to the successor entity, and the financing of the subsequent merger and acquisition of the successor entity.

Publications

  • Co-author, "The New ABS Zeitgeist," International Securitization & Finance Report, Volume 12, No. 4 (February 2009)
  • Co-author, "Microfinance and Securitization: A Profitable Partnership for Socioeconomic Development," International Securitization & Structured Finance Report (April 15, 2008)
  • “Note: The Republic of Taiwan: A Legal-Historical Justification for a Taiwanese Declaration of Independence,” New York University Law Review (May 2000)

Community Involvement

Community Involvement
 

  • Member, Board of Governors, Human Rights Campaign