Insights

Choate Represents Second Avenue Capital Partners in $120M Line of Credit to The Aaron’s Company

Choate represented Schottenstein affiliate Second Avenue Capital Partners (SACP), a provider of customized solutions for the retail and consumer product sectors, in a $120M senior secured revolving line of credit for The Aaron’s Company, Inc., an industry leader in lease-to-own and purchase solutions for furniture, consumer electronics, home appliances, and more.

Choate Represents Second Avenue Capital Partners in $112M Senior Secured Revolving Credit Facility and Term Loan to Backcountry

Choate represented Schottenstein affiliate Second Avenue Capital Partners in a $112M Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading premium specialty retailer of outdoor gear and apparel. 

Choate Represents Bank of America in Rite Aid Restructuring

Choate represented Bank of America, as agent for a syndicate of lenders, in connection with Rite Aid Corporation’s and its subsidiaries’ (“Rite Aid”) Chapter 11 restructuring proceedings, culminating in Rite Aid’s emergence from Chapter 11 on August 29, 2024 supported by a $2.55 billion asset-based credit facility led by Bank of America.

Choate Elects Four to Partnership

Four Choate attorneys – Shaun Barnes, John Marshall Chambers, Shaina Wamsley London, and Rick Thide - have been elected to partnership of the firm, effective January 1, 2024.

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.

Pathlight Capital Provides Term Loan Facility to Conn’s, Inc.

Choate represented Pathlight Capital as administrative agent and collateral agent, in connection with a $100M second lien term loan facility to Conn's, Inc., a furniture stores chain based in Texas.

Shaina Wamsley London Recognized As Finance Industry Leader

Honored by her colleagues and peers for excellence in the finance industry, Shaina Wamsley London was named as one of the Secured Finance Network’s 40 Under 40.

Choate Elevates Six to Principal

Six Choate attorneys – John Chambers, Kevin Finnerty, Dr. Xiaodong Li, Mike Shinall, Sean Small, and Shaina Wamsley London – have been elected principal at the Firm, effective May 1, 2021.

PNC Bank Provides $400M Credit Facility to Designer Brands, Inc.

Choate represented PNC Bank in its $400,000,000 asset-based revolving credit facility to Designer Brands Inc., one of North America's largest designers, producers and retailers of footwear and accessories.