Insights

Choate Ranks Highly in 2024 Legal 500

The 2024 edition of The Legal 500 recognized 40 Choate attorneys in their respective fields and 10 practice areas.

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.

JCPenney Refinances ABL and FILO Facilities

Choate advised JCPenney in connection with JCPenney’s incurrence of $2.25B in senior secured asset-based credit facilities, consisting of (i) a $1.75B revolving credit facility and a $160M last-out term loan facility, and (ii) a $340M term loan facility.

Pathlight Capital Provides $35M Term Loan to Vince, LLC

Choate represented Pathlight Capital as agent in a $35M term loan to Vince, LLC, a leading global luxury apparel and accessories brand.

Choate Represents Simon Property Group and Brookfield Asset Management Joint Venture in Financing the Acquisition of J.C. Penney

Choate represented a joint venture between Simon Property Group, L.P. and Brookfield Asset Management Inc. (collectively, the “Sponsors”) in connection with the Sponsors’ acquisition of substantially all of the retail and operating assets of J.C. Penney Company, Inc. and certain of its subsidiaries via a Section 363 sale under the Bankruptcy Code.

Crystal Financial Provides Exit Credit Facility to True Religion

Choate represented Crystal Financial in connection with its exit asset-based credit facility to True Religion, the global denim and apparel brand.

Second Avenue Capital Partners Provides $35M Loan to Sur La Table

Choate represented Second Avenue Capital Partners in a $35 million loan to a joint venture of CSC Generation Holdings and Marquee Brands in support of their recently acquired high-end kitchenware retailer Sur La Table.

Choate Elevates Three to Principal

Three Choate attorneys – Shaun Barnes, Diane Seol, and Rick Thide – have been elected principal at the Firm, effective September 1, 2020.