Insights

Rick Thide Recognized for Excellence in the Finance Industry

Rick Thide has been named as one of the Secured Finance Network’s 40 Under 40 in recognition of his track record for excellence in the finance industry.

Franchise Group Intercreditor Dispute Results in More Lender vs. Lender Litigation

The Franchise Group, Inc. (the “Debtors”) bankruptcy case in the District of Delaware has been a battleground for lender-on-lender skirmishes involving the Debtors’ first- and second-lien lenders.

Corporate Transparency Act Suspended for US Citizens and Companies

On Sunday night, March 2, 2025, the US Treasury Department issued a press release suspending enforcement of the Corporate Transparency Act for US citizens and companies.

Choate Represents Underwriters in $800M Public Offering by Eversource

Choate represented the underwriters, led by Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, RBC Capital Markets, LLC, and Wells Fargo Securities, LLC in a $400M public offering of 4.85% Debentures due 2030 and a $400M public offering of 5.20% Debentures due 2035 by NSTAR Electric Company, doing business as Eversource Energy.

Update Memo: The Corporate Transparency Act is Back in Force and Filings are Due March 21

The Corporate Transparency Act (“CTA”) is back in effect and filings are now due on March 21 for most companies.

Choate Represents Underwriters in $400M Public Offering by The Connecticut Light and Power Company

Choate represented the underwriters, led by MUFG Securities Americas Inc., Barclays Capital Inc., and U.S. Bancorp Investments, Inc. in a $400M public offering of 4.95% First and Refunding Mortgage Bonds, 2025 Series A, due 2030 by The Connecticut Light and Power Company, doing business as Eversource Energy.

Mark Silva Speaking at SFNet 2025 Asset-Based Capital Conference

Mark Silva will be speaking on the panel "Lender on Lender Violence Turns Up the Heat," at the Secured Finance Network (SFNet) Asset-Based Capital Conference on February 11-12, 2025.

Choate Adds Julien Dumont to Its Finance and Restructuring Team

Choate adds new Principal, Julien Dumont, to its Finance and Restructuring team to support clients in connection with cash flow loans, acquisition financings, special situation loans, and other credit facilities.

Update Memo: The CTA Remains Suspended Despite an Interim Ruling by the Supreme Court

During the month of January there have been surprising developments in litigation about the Corporate Transparency Act (“CTA”).  As of now, despite several twists and turns, the CTA remains suspended and there is no obligation to submit CTA filings.