03.15.2017 | News

HF Represents Bank in ESOP Transaction

Commercial Real Estate

HF attorneys recently assisted a banking client with providing financing to a manufacturing customer to support a loan by the customer to its Employee Stock Ownership Plan (the ESOP) to fund the ESOP’s acquisition of stock in the company from the company’s owners.

As Bank counsel, HF worked with the Borrower’s counsel and the counsel for the ESOP Trustee to arrange a collateral assignment to the Bank of the ESOP Note and stock pledge given by the ESOP in favor of the Borrower.

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