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

Eric Klar, a partner in the Firm's Bank Finance Practice, primarily focuses on advising major financial institutions in a variety of 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 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 Morgan Stanley, Deutsche Bank, Goldman Sachs, Barclays and ING Capital as Joint Arrangers, and ING Bank N.V. London Branch, as Administrative Agent with respect to (i) a Euro tranche in the aggregate principal amount of €730 million (ii) a Dollar tranche in the aggregate principal amount of US$398.2 million (iii) a Dollar tranche in the aggregate principal amount of US$300 million and (iv) a Revolving Facility in an aggregate amount of €160 million incurred in connection with the refinancing of certain outstanding indebtedness of Allnex SÁRL, a leading coating resins producer backed by global private equity firm Advent International Corporation, and its take-private acquisition of Nuplex Industries, a New Zealand publicly traded company.

Representation of Morgan Stanley and other arrangers with respect to US$505 million first-lien term facility, US$60 million revolving credit facility and US$120 million second-lien term facility provided to WASH Multifamily Acquisition Inc. (the "U.S. Borrower") and Coinamatic Canada Inc. The proceeds of the facilities which were used to, among other things, finance the acquisition by EQT Infrastructure II GP BV of 100% of the outstanding capital stock of Web Service Holdings, Inc., and to refinance in full the Borrowers' existing senior secured credit facilities.

Representation of UBS Securities LLC and Deutsche Bank Securities Inc., as joint lead arrangers and joint bookrunners, and UBS AG, Stamford Branch, as administrative agent, with respect to first lien secured credit facilities consisting of a US$529 million term loan facility and a US$40 million revolving credit facility and representation of UBS Securities LLC and Deutsche Bank Securities Inc., as joint lead arrangers and joint bookrunners, and UBS AG, Stamford Branch, as administrative agent, with respect to second lien secured credit facility consisting of a US$188 million term loan facility, in each case, provided to Camp International Holding Company.

Representation of Jefferies Finance LLC and Golub Capital Markets LLC, as joint lead arrangers and joint bookrunners, and Jefferies Finance LLC, as administrative agent, with respect to first lien secured credit facilities consisting of a US$325 million term loan facility and a US$40 million revolving credit facility to finance, in part, the acquisition of Affordable Care Holding Corp by Berkshire Partners.

Representation of Deutsche Bank Securities Inc., Goldman Sachs Bank, USA, and Merrill Lynch, Pierce, Fenner & Smith, Incorporated, as Joint Lead Arrangers and Joint Lead Bookrunners, Deutsche Bank AG, New York Branch as Administrative Agent and Collateral Agent, in connection with a US$382 million first-lien credit facility and Goldman Sachs Bank USA as Administrative Agent and Collateral Agent in connection with a US$152 second-lien term loan facility to Access CIG, LLC, a company that provides information storage and related services in various locations throughout the U.S., Spain and Costa Rica. The purpose of the financing was, in part, to pay a recapitalization dividend as part of the financing of the acquisition of Access CIG, LLC by Berkshire Partners, to finance the acquisitions of Cintas Corporation No. 2 and Datasafe de Panama, and to refinance existing indebtedness and finance general corporate and working capital purposes.

Representation of SunTrust Bank, as Administrative Agent, and SunTrust Robinson Humphrey, as sole lead arranger and sole book runner in a $310 million Term Loan B and a $30 million revolving credit facility for the purpose of dividend recapitalization. Mediware is a portfolio company of Thoma Bravo.

Representation of SunTrust Robinson Humphrey, Inc. and Barclays Bank PLC, as Joint Lead Arrangers and Joint Bookrunners, and SunTrust Bank, as Administrative Agent and Collateral Agent, in connection with a US$325 million term loan credit facility and a US$40 million revolving credit facility to Ozark Holdings LLC, an entity controlled by Mariposa Capital LLC, in order to fund the leveraged buyout of Royal Oak Enterprises, LLC, a manufacturer of premium charcoal products.

Representation of SunTrust Bank, as Administrative Agent and SunTrust Robinson Humphrey, Inc., as Joint Lead Arranger and Joint Bookrunner in connection with senior secured credit facilities consisting of (i) a $215 million senior secured first lien credit facility consisting of $190 million in senior secured first lien term loans and a $25 million senior secured first lien revolving credit facility and (ii) a $70 million senior secured second lien term loan facility. The credit facilities were used to finance the acquisition of Intermedia Holdings, Inc., a Delaware corporation that provides cloud business applications, by Madison Dearborn Partners.

Representation of KeyBanc Capital Markets Inc., as Sole Lead Arranger and Sole Bookrunner, and KeyBank National Association, as Administrative Agent and Collateral Agent, in connection with a US$215 million term loan facility and a US$20 million revolving credit facility provided to Falmouth Group Holdings Corp., an entity controlled by the Huntsman family, in order to fund the leveraged buyout of Flamingo Parent Corporation.

Representation of SunTrust Robinson Humphrey, Inc., as a Joint Lead Arranger and Joint Bookrunner, and SunTrust Bank, as Administrative Agent, in connection with a US$225 million first lien credit facility to Tranzact Holdings, LLC, a leading provider in direct-to-consumer sales and marketing solutions for insurance carriers. The term loan facility financed the acquisition of Tranzact Holdings, LLC by Clayton, Dubilier & Rice and the repayment of existing indebtedness.