A national bank provided a credit facility of up to $257 million for the acquisition of 19 medical office buildings across 10 states. In addition to initial term loan, the credit facility featured a series of delayed draw term loans, a tenant improvement financing facility and a $100 million uncommitted incremental facility.
Waller represented the national bank in the transaction.
Represented Performance Trust Capital Partners as the sole placement agent for the offering by Sevier County Bancshares, Inc. of $5 million of its 10NC5 5.25% fixed-to-floating rate subordinated notes.
Advising BancorpSouth Bank in its acquisition of National United Bancshares, Inc.
Represented Hudson’s Bay Company as Tennessee local counsel in providing a legal opinion and advice regarding Tennessee indebtedness tax calculations and compliance.