Ben Ludewig
Biography
Overview
Ben is an associate in the Debt Finance practice of White & Case's New York office. His practice focuses primarily on the representation of major investment banks, private credit providers, commercial banks, private equity sponsors and corporate borrowers in a wide range of financing transactions, including secured and unsecured syndicated financings, leveraged acquisition financings, debtor-in-possession and exit financings, general corporate lending and preferred equity financings. Ben's experience also includes distressed lending, workouts and restructurings.
Experience
Representation of a group of private credit funds led by Blue Owl Capital, as lead arrangers, agent and lenders in connection with a US$2.65 billion senior secured financing to support the take-private acquisition of New Relic by TPG and Francisco Partners for approximately $6.5 billion.
Representation of Deutsche Bank, as left lead arranger, agent and lender, in connection with a US$1.35 billion senior secured financing provided to Dave & Buster's (NASDAQ: PLAY) to finance its acquisition of Main Event Entertainment from Ardent Leisure, an Australian-based public leisure company.
Representation of JP Morgan as left lead arranger and agent in connection with senior secured credit facilities provided to support Clearlake Capital Group's equity investment in RSA Security.
Representation of a group of investors as purchasers of preferred equity interests issued by TricorBraun, a portfolio company of Ares and Ontario Teachers' Pension Plan Board.
Representation of Deutsche Bank Private Credit & Infrastructure (x) as sole lead arranger and lender, in connection with a $300 million senior Debtor-In-Possession (DIP) credit facility provided to certain subsidiaries of Hornblower Holdings LP in connection with their commencement of Chapter 11 proceedings in the US Bankruptcy Court and (y) as sole lead arranger and a lender in connection with exit facilities consisting of a $320 million term loan and a $50 million revolving credit facility provided to certain subsidiaries of Hornblower HoldCo, LLC in connection with their emergence from Chapter 11 proceedings in US Bankruptcy Court. Hornblower is a multi-national operator of ferries and cruises and provider of travel experiences.
Representation of a group of private credit funds led by Barings Finance, as lead arrangers, agent and lenders in connection with a US$1.315 billion senior secured financing provided to support Thoma Bravo's take-private acquisition of NextGen Healthcare.
Representation of JP Morgan as left lead arranger and agent on senior secured credit facilities provided to support Insight Partners' acquisition of Veeam Software for approximately US$5 billion.
Representation of Deutsche Bank, as left lead arranger, administrative agent, collateral agent and lender, in connection with a US$1.22 billion senior secured term loan B facility and a US$300 million senior secured revolving credit facility provided to finance the acquisition by Clayton, Dubilier & Rice of Shearer's Foods from Ontario Teachers Pension Plan Board.
Representation of a group of private credit funds led by Alliance Bernstein as lead arrangers, agent and lenders in connection with senior secured credit facilities provided to support Francisco Partners' take-private acquisition of Sumo Logic, Inc. for approximately US$1.7 billion.
