Thompson Hine has worked closely with KeyCorp and its principal subsidiary, KeyBank National Association, a nationally chartered banking institution headquartered in Cleveland, Ohio, for more than fifty years on a wide range of legal matters. Examples of our lending representation with KeyBank follow below.

Selected Lending Representations
$300 Million Credit Facilities for Casino Gaming Enterprise

Attorneys from our Commercial and Public Finance practice group represented KeyBank in its capacity as administrative agent for a group of lenders in documenting a revolving line of credit and term loan totaling $300 million for the operation of a recently constructed casino. In addition, attorneys from our Real Estate practice group advised KeyBank in connection with matters relating to the gaming facility’s ground lease. We also worked closely with the borrower’s in-house counsel to aid in compliance with state gaming commission regulations and to reduce real estate taxes.

$150 Million Acquisition Refinance for PubliclyTraded Restaurant Corporation

Attorneys from our Commercial and Public Finance practice group represented KeyBank in its capacity as administrative agent for a group of lenders in the refinance of a credit facility established in connection with the borrower’s acquisition of a popular restaurant chain. Our attorneys also represented KeyBank in the original financing transaction. The refinancing enabled the borrower to expand its portfolio of restaurants and provides flexibility for future growth with an option for the company to exercise a $50 million accordion feature.