Saige Jutras Oftedal
Saige Oftedal represents financial institutions, corporate borrowers, and private equity sponsors in a range of complex financial transactions, helping them to efficiently navigate closing. These clients include working capital credit facilities and other secured, asset-based and cash flow credit facilities, primarily for retail companies, major league sports franchises, software, and technologies companies. Saige also represents lenders who are providing debtor-in-possession and/or exit financing to companies in or emerging from bankruptcy.
Representative Engagements
- PNC Bank, National Association as the Administrative Agent for a DIP Financing arrangement totaling $550 million provided to Big Lots, Inc. and its subsidiaries in its Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware.
- Wells Fargo, as agent for a syndicate of lenders, in connection with a $1.5 billion credit facility to Kohl’s Corporation.
- Second Avenue Capital Partners, as agent, in an $80 million term loan credit facility to the mattress company, Casper Sleep, Inc.
- A subsidiary of B. Riley Financial, Inc., as agent, in connection with a $70 million debtor-in-possession credit facility to bitcoin mining Chapter 11 debtor, Core Scientific, Inc.
- U.S. Bank National Association as administrative agent and a lender in connection with a senior secured loan to Chicago Baseball Holdings, LLC, Chicago Cubs Baseball Club, LLC and certain of their affiliates.
- Wells Fargo in its capacity as administrative agent under the third amended and restated credit agreement in connection with the bankruptcy proceedings of Lucky Brand Dungarees LLC.
- Bank of America in its capacity as agent of a $375M asset-based revolving exit credit facility related to the Chapter 11 bankruptcy of J.Crew and several of its affiliates, as well as a $400M exit asset-based revolving credit facility to the reorganized debtors.
- SLR Credit Solutions in connection with its exit asset-based credit facility to True Religion, the global denim and apparel brand.
- Handil Holdings, LLC in connection with the acquisition of Christmas Tree Shops, LLC and several of its affiliates from Bed Bath & Beyond, Inc.
Publications and Presentations
- “Human Capital Contracts and Bankruptcy: Balancing the Equities Between Exception to Discharge and the Opportunity to Prove Undue Hardship,” S. Jutras, Suffolk University Law Review 133, April 2017
Professional and Community Involvement
- Member of the American Bankruptcy Institute
- Member of the Boston Bar Association
Education & Credentials
- Suffolk University Law School
- JD, 2017, summa cum laude
Editor-in-Chief, Suffolk University Law Review
- University of New Hampshire
- MA, 2014, summa cum laude
- University of New Hampshire
- BA, 2013, summa cum laude
- Phi Beta Kappa
Admissions
Massachusetts
Focus Area
Saige's Insights
Announcements 02.14.2023
B. Riley Agrees to $70M Loan to Cryptocurrency Miner Core Scientific
Choate represented B. Riley in connection with a $70M debtor-in-possession (DIP) loan to Core Scientific, Inc., and several of its subsidiaries.