Eric Klar | White & Case LLP International Law Firm, Global Law Practice
Eric Klar
Eric Klar

Eric Klar

Partner, Miami, New York

T +1 305 995 5296

T +1 212 819 7069

E eklar@whitecase.com

Overview

A partner in the Firm's Bank Finance Group, Eric Klar advises major financial institutions on a range of complex lending transactions.

Closely involved in all aspects of deal structure, negotiation and documentation, his track record is testament to his commitment to helping clients to achieve their goals. Drawing on his knowledge of the sector, he has helped numerous clients to navigate the intricacies of a large-scale and multijurisdictional deals.

Eric also draws upon his successful career in a range of business settings. Prior to joining White & Case, he was a Managing Director in the Leveraged Finance Group of a global financial institution, and the President and CEO of a military aircraft parts distribution company.

Bars and Courts

  • Florida State Bar
  • New York State Bar

Education

  • JD, Hofstra University School of Law
  • BA, Economics, University of Michigan

Languages

  • English

Experience

Access CIG, LLC, 2014

Representation of Deutsche Bank and Goldman Sachs Bank USA in connection with US$382 million first-lien credit facilities, consisting of US$342 million first-lien term loan facility and a US$40 million multicurrency revolving credit facility, and a US$152 million second-lien term loan facility. The purpose of the transaction was to finance the acquisition of Access CIG, LLC by Berkshire Partners.

Albaugh LLC, 2014

Representation of HSBC Securities (USA) Inc., in connection with a US$300 million senior secured term loan facility and a US$100 million senior secured revolving credit facility provided to Albaugh, LLC. The purpose of the facility was to refinance existing indebtedness and to provide for working capital and other general corporate purposes.

Knowledge Universal Education, 2014

Representation of Deutsche Bank in connection with US$370 million of senior secured credit facilities, consisting of a US$300 million term loan facility and a US$70 million revolving credit facility for Knowledge Universe Education LLC. The purpose of the transaction was to provide the funding necessary to refinance certain existing indebtedness of Knowledge Universe Education LLC.

Mergermarket USA, Inc., 2014

Representation of UBS Securities LLC, in respect of first-lien secured credit facilities consisting of a US$ equivalent 273 million first-lien term loan facility, a US$40 million first-lien multicurrency revolving credit facility, and a US$ equivalent 106.5 million second-lien secured term loan facility. The purpose of the transaction was to finance the acquisition of the Mergermarket Group from the Financial Times Group. The Mergermarket Group is a leading global provider of corporate financial news, intelligence and analysis, whose key brands include Mergermarket, Debtwire, DealReporter, Infinata, Wealthmonitor and Xtract Research.

Camp International Holding Company, 2013

Representation of Deutsche Bank in connection with a US$327 million first-lien term loan facility and a US$145 million second-lien term loan facility. The purpose of the transaction was, among other things, to refinance existing term loans, and to permit the payment of a one-time special cash dividend. Camp International Holding Company is a leading provider of aircraft maintenance tracking and information services to business aviation globally.

Apple Leisure Group, 2013

Representation of Jefferies Finance LLC, with respect to US$160 million of first-lien credit facilities and a US$75 million second-lien term loan facility. The purpose of the transaction was to refinance a bridge loan facility that had been established to fund the purchase of a stake in Apple Leisure Group, a hotel management and vacations booking company, by Bain Capital Partners, LLC.

A.I. Chem & Cy US AcquiCo, Inc., 2013

Representation of Deutsche Bank in a multijurisdictional financing involving Luxembourg, Belgium, England, Germany, Thailand, Canada, France, Italy, Norway, Austria and the USA. The financing consisted of a US$565 million first-lien term loan facility, a US$120 million multicurrency, revolving credit facility and a US$200 million second-lien term loan facility. The proceeds of the financing were used to fund, in part, Advent International Corporation’s acquisition of the Coating Resins business from Cytec Industries Inc.

Oxea, 2013

Representation of Deutsche Bank and J.P. Morgan Chase in connection with a cross-border dividend recapitalization financing for Oxea S.à r.l. The financing consisted of a €110 million first-lien multicurrency revolving credit facility, a €450 million first-lien term loan facility, a US$535 million first-lien term loan facility and a US$325 million second-lien term loan facility. The transactions included borrowers and guarantors located in Germany, Luxembourg and the United States. Oxea is a large chemical producer that manufactures chemicals for customers in a wide range of industries with various end market applications. It is a portfolio-company of Advent International.

CTI Foods Holdings Co. LLC, 2013

Representation of Morgan Stanley Senior Funding, Inc. as joint head arranger and joint bookrunners, in connection with US$585 million of senior secured credit facilities consisting of a US$100 million asset-based revolving credit facility, a US$345 million first-lien term loan facility and a US$140 million second-lien term loan facility. The purpose of the financing was to fund the cash consideration and fees and expenses in connection with the acquisition of CTI Foods Holdings Co. LLC (CTI) by Thomas H. Lee Partners and Goldman Sachs Merchant Banking. CTI is the leading independent provider of custom food solutions to major chain quick-service and fast casual restaurants in North America.

WaveDivision Holdings, LLC, 2012

Representation of Wells Fargo Bank, National Association in connection with a US$550 million senior secured financing, consisting of a US$500 million term loan facility and a US$50 million revolving credit facility. These credit facilities were provided to finance the acquisition of 100% of the outstanding equity interests of WaveDivision Holdings, LLC by Oak Hill Capital Partners and GI Partners.