Eric Klar

Partner, Miami, New York

Biography

“Clients have been impressed with his knowledge, willingness and availability.” And “he is an outstanding technical lawyer who has tremendous commercial sense.”
Chambers USA 2019

Overview

Eric Klar, a partner in the Firm's Debt Finance practice and co-head of the US Private Credit practice, primarily focuses on advising major financial institutions and private lenders in complex corporate finance transactions, including leveraged buyouts, acquisition financings and recapitalization transactions. Eric's clients include leading investment and commercial banks, direct lenders, private credit funds and business development companies, such as Bank of Montreal, Deutsche Bank, Jeffries Finance, Antares Capital, Ares Capital, Benefit Street Partners, CION Investment Corp., MidCap Financial and Varagon Capital Partners.

Closely involved in all aspects of deal structure, negotiation and documentation, his record of accomplishment 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 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

Representation of a large financial institution, as administrative agent, collateral agent and lead arranger, in connection with the extension of senior secured credit facilities for US$630 million, comprised of a US$300 million term loan facility, a US$290 million delayed draw term loan facility and a US$40 million revolving credit facility. The facilities were used to refinance existing debt for a leading payments technology organization and provide financing for the acquisition of a fintech company.

Representation of a large global financial institution, as lead arranger, administrative agent, and lender, in connection with a senior secured facility made available to a global designer and manufacturer of thermal systems ("Company"). The financing involved a US$515 million first lien term loan facility and a US$50 million revolving credit facility. The proceeds financed the acquisition of the Company by a private equity firm that manages manufacturing and industrial technology companies.

Representation of a prominent private credit lender in connection with a US$325.6 million senior secured financing to enable a private equity firm in acquiring a minority interest in a US and Canadian consulting and venture firm specializing in life sciences, healthcare start-ups and growth companies.

Representation of a large financial institution as lead arranger and lender, with a senior secured facility provided to a national services staffing company. The financing consisted of a US$155 million term loan, a US$30 million delayed draw term loan and a US$20 million revolving credit facility.

Representation of a leading middle market lender and lead arranger with a U$464.5 million senior secured financing provided to a global private equity firm. The loan proceeds were used to fund the acquisition of a nutritional supplements manufacturer and distributor.

Representation of a large financial institution, as administrative agent, collateral agent, and lender, in connection with a US$275 million senior secured financing for a leading provider of digital advertising. The financing involved a US$225 million term loan and a US$50 million revolving credit facility. Loan proceeds were used to repay an existing US$220 million senior secured credit facility fund working capital needs and future acquisitions.

Representation of a large financial institution, as administrative agent, collateral agent, lead arranger and lender, in connection with a US$335 million senior secured financing consisting of a US$290 million term loan facility and a US$45 million revolving credit facility. Loan proceeds were used by a global private equity firm to fund its acquisition of a workforce and services company.

Representation of a prominent private credit lender, as lead arranger in connection with a US$265 million senior secured financing made available to a global private equity firm to fund a majority investment in a software company providing management services to critical infrastructure companies.

Representation of a large financial institution, as administrative agent, collateral agent and lead arranger, in connection with a US$400 million credit facility comprised of a US$250 million initial term facility, a US$100 million delayed draw term facility and a US$50 million revolving credit facility. Loan proceeds financed the acquisition of a high-speed WI-FI and cellular services provider by an investment and operating company specializing in digital infrastructure.

Awards and Recognition

Leading Individual (Band 3), Banking & Finance - Florida, Chambers USA 2018-2019

Leading Individual (Band 2), Banking & Finance - Florida, Chambers USA 2020-2021