Mark Michigan has wide-ranging experience representing borrowers and lenders, issuers, underwriters, and service providers in virtually all types of financing transactions including corporate and sovereign debt issues, secured and unsecured debt facilities and securitization transactions. He has specific experience in timeshare loan, mortgage loan (residential and commercial), student loan and auto loan warehousing and securitization programs. Areas of Concentration · Structured finance - asset-backed and mortgage-backed securitization · Bank lending · Sovereign lending · General corporate and securities · Real estate Significant Representations · Representation of Marriott Vacations Worldwide Owner Trust 2011-1 as issuer of Timeshare Loan Backed Variable Funding Notes, Series 2011-1 under a timeshare loan warehouse facility. · Representation of SVO 2011-A VOI Mortgage LLC as issuer of Vacation Ownership Interest Loan-backed Notes, Series 2011-A in a Rule 144A securitization. · Representation of Marriott Vacations Worldwide Corporation and Marriott Ownership Resorts, Inc. as borrower under a secured revolving credit facility. · Representation of Starwood Vacation Ownership Inc. and SVO 2010-A VOI Mortgage LLC as issuer in connection with the issuance of over $250 million of Class A and Class B Notes backed by timeshare receivables in a Rule 144A transaction. · Representation of Taca International Airlines and certain affiliates in connection with the establishment of a financing facility secured by credit-card receivables. · Representation of Starwood Vacation Ownership Inc. and SVO 2009-B VOI Mortgage Corp. as issuer in connection with the issuance of over $150 million of notes backed by timeshare receivables in a Rule 144A transaction. · Representation of Taca International Airlines in connection with the establishment of a bridge loan facility arranged by a leading financial institution. · Representation of COPA in connection with the establishment of an Ex-Im Bank supported financing facility. · Representation of an issuer of Equipment Loan Asset Backed Notes in several public and private securitizations. · Representation of Banco BAC San Jose as borrower in connection with the establishment of a credit facility and subsequent issuance of Overseas Private Investment Corporation U.S. Government Guaranteed Certificates of Participation. · Representation of Banco de America Central as borrower in connection with the establishment of a credit facility and subsequent issuance of Overseas Private Investment Corporation U.S. Government Guaranteed Certificates of Participation. · Representation of Banco de America Central Honduras as borrower in connection with the establishment of a credit facility and subsequent issuance of Overseas Private Investment Corporation U.S. Government Guaranteed Certificates of Participation. · Representation of BAC International Bank, Inc. as borrower in connection with the establishment of a credit facility and subsequent issuance of Overseas Private Investment Corporation U.S. Government Guaranteed Certificates of Participation. · Representation of QOC I LLC as borrower under a life settlements warehouse lending facility established by Wachovia Bank. · Representation of an investor in over $70 million of subordinated notes issued by AmeriCredit Automobile Receivables Trust 2008-2 and backed by loans secured by new and used automobiles, light duty trucks and vans. · Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S. $200 million of notes due 2008. · Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S. $250 million of notes due 2012. · Representation of the Republic of Costa Rica in connection with the Republic's issuance of U.S.$200 million of notes due 2013. · Representation of Deutsche Bank Securities, Inc. as underwriter in connection with the issuance of mortgage-backed securities by a Mexican issuer. · Representation of Financiera TFC, S.A. as borrower in a $80 million soles credit line facility agreement with Merrill Lynch Credit Products, LLC as lender secured by trade receivables originated in Peru. · Representation of hedge fund in connection with investments in auction rate securities issued by various municipalities. · Representation of U.S. Education Loan Trust IV, LLC in connection with its issuance of $780 million of floating rate and rate reset senior and subordinate 144A and Regulation S notes backed by a pool of Consolidation, Stafford (subsidized and unsubsidized), PLUS and GradPLUS loans. · Representation of Golf Auto Receivables Funding, LLC as borrower in connection with a $150 million automobile receivables warehouse facility. · Representation of WestLB as lender in connection with the establishment of various warehouse facilities to finance residential, commercial and construction mortgage loans. · Representation of Descap Securities Inc as underwriter in connection with the issuance of approximately $73 million of securities in the first cross-border securitization of Panamanian residential mortgage loans. · Representation of Yale Mortgage Funding LLC as issuer in connection with the issuance of approximately $106 million of mortgage-backed securities. · Represented multinational steel trading, production, and distribution group as borrower in unique syndicated commodity finance facility combined with an asset-backed securitization which was recognized as "one of the 15 Best Deals of 2004" by Global Trade Review magazine, the world's leading international trade finance magazine. · Representation of Structured Asset Mortgage Investments Inc., Structured Asset Mortgage Investments II Inc. and Bear Stearns Asset Backed Securities I, Inc. as depositor and Bear, Stearns & Co. Inc. as underwriter in connection with the issuance of over $9 billion of mortgage-backed bonds. · Representation of Bear Stearns & Co. Inc. and Chase Securities Inc. as placement agents in connection with the issuance of $325 million of floating rate notes issued by Dreamworks Film I Trust to finance the production costs of live action films of DreamWorks LLC and secured by future receivables from such films. · Representation of Foundry Film Partners II, LLC as borrower in connection with the termination of an existing facility and Foundry's entry into a $15 million loan facility with U.S. Bank National Association, secured by Foundry's rights in certain theatrical motion pictures. · Representation of Manage Steel Center SA and Jemappes Steel Center SA as borrowers in connection with the establishment of a revolving secured €25 million loan facility arranged by UFJ Bank. · Representation of Central American Communications as borrower in connection with the establishment of a $110 million secured syndicated facility arranged by Citibank. · Representation of Credomatic International Corporation in connection with the issuance of $125 million of floating rate trust certificates, in the first regional future flow securitization in Central America. · Representation of Raymond James & Associates, Inc. as placement agent in connection with the issuance of $62.5 million of floating rate mortgage-backed notes in first cross-border securitization of mortgage loans originated in, and secured by mortgaged properties located in, Costa Rica. · Representation of U.S. Education Loan Trust III, LLC as issuer in connection with the issuance of over $340 million of reset rate and auction rate student loan asset-backed notes. · Representation of U.S. Education Loan Trust II, LLC as issuer in connection with the issuance of over $280 million of auction rate student loan asset-backed notes. · Representation of U.S. Education Loan Trust I, LLC as issuer in connection with the issuance of over $190 million of auction rate student loan asset-backed notes. · Representation of Ryder Vehicle Lease Trust in connection with the public offering of $410 million of senior notes backed by truck lease receivables. · Representation of Ryder Receivable Funding LLC in connection with the establishment of a $375 million trade receivables purchase and sale facility. · Representation of REII Gaithersburg, LLC in connection with the purchase, lease and $64 million financing of an office building in Gaithersburg, Maryland. · Representation of Bear Stearns Funding Inc. and Column Financial as lenders in connection with the origination of conduit mortgage loans aggregating in excess of $10 billion. · Representation of Access America Financial, LLC in connection with the establishment of a $25 million warehouse line of credit and purchase facility for charged-off credit card receivables with Daiwa Consumer Capital Services, LLC. · Representation of Morgan Stanley & Co. Incorporated as underwriter in connection with the private offering of over $238 million of fixed rate collateralized bonds secured by commercial and multifamily properties. · Representation of Goldman Sachs & Co. as underwriter in connection with the establishment of a commercial shelf and the initial issuance of over $480 million of mortgage-backed pass through certificates. · Representation of Lehman Brothers Inc. as underwriter in connection with the public issuance of more than $700 million of real estate mortgage investment conduit pass-through certificates backed by two pools of adjustable and fixed-rate commercial, multifamily and residential mortgage loans and participation interests therein acquired from the Federal Deposit Insurance Corporation. Awards & Recognition · Listed, Legal 500 US, 2008-2011 |