Matt Teich focuses his practice on transactional matters including finance, commercial real estate and corporate matters.
Matt represents institutional lenders and corporate clients in connection with a variety of complex commercial lending transactions including mortgage loans, asset based loans, construction loans, participations, mezzanine loans, debt restructurings, workouts and derivative transactions. His practice also includes commercial real estate development, acquisitions and leasing transactions. In addition, Matt provides counsel to corporate and commercial enterprises on a wide range of matters related to their specific business goals and day-to-day affairs, including commercial contract drafting and negotiation, corporate governance, asset and stock acquisitions, capital formation and private placements.
Matt has written articles for the New England Real Estate Journal on topics such as treatment of assignments of leases and rents in bankruptcy, modifications to mortgages held in real estate mortgage investment conduits, and judicial interpretation of construction loan provisions. Matt joined Halloran & Sage as a Summer Associate in 2008. In law school, he was a member of the New England Law Review.
Teich Explains Special Purpose Entities and the Limits of Bankruptcy Remoteness
New England Real Estate Journal, 05/20/2011
Business Transactions Group Year-End Transactions
|Reported Cases||Representative Matter; Firm Assists Manufacturer and its Subsidiaries in Refinancing; The firm recently assisted a sporting and athletic goods manufacturer and several of its offshore subsidiaries refinance their multifaceted, multicurrency Credit Agreement with a syndicate of five money center banks with global reach. Partner Henry Beck led the firm's team consisting of himself and fellow Partners Jim Maher and Rich Roberts and Attorney Matt Teich. H & S Represents Regional Bank with Credit Facilities to State Family-Owned Companies; Halloran & Sage represented a regional bank in the documentation, negotiation and closing of 7 separate credit facilities, including mortgage loans, revolving lines of credit, term loans and letters of credit totaling $9,462,049.27 in the aggregate, which were made to several family-owned and affiliated Connecticut ambulance and limousine service companies. The proceeds of the credit facilities were used to refinance the existing indebtedness of the companies, and will also be used going forward to finance new vehicle acquisitions and as a source of working capital. The credit facilities are secured by mortgages covering over 20 properties owned by the various entities throughout Connecticut, security interests in all business assets of the companies (including all ambulances and limousines), and equity pledges from the principals of the companies. The transactions led by business law partner Robert Cox and attorney Matthew L. Teich also required accommodating existing financing of the companies' Employee Stock Ownership Plan, which was subordinate to the People's United Bank financing. Manufacturing Company Represented in Asset Sale; Halloran & Sage represented a Connecticut manufacturing company in the negotiation, documentation and closing of a sale of the majority of the company's assets. The complex and wide-ranging transaction led by business law partner Robert Cox and assisted by attorneys Matthew Teich and Casey O'Connell included negotiated solutions regarding the status of the company's inventory, real estate, accounts, liabilities, employment matters and contractual obligations, and was closed in time to meet a strict year-end deadline. As part of its representation of the company, Halloran & Sage also effectuated a restructuring of the company's various business entities in the immediate aftermath of the asset sale to help the company successfully manage difficult taxation issues. Firm Represents Regional Bank in Connection with Senior Financing to CT Manufacturer; Halloran & Sage represented a regional bank in connection with the making of a $2,500,000 mortgage loan and $1,500,000 revolving line of credit to a Connecticut manufacturing company engaged in designing and building test equipment for the aerospace, power generation and industrial industries. The proceeds of the mortgage loan were used to finance the acquisition of the company and the real estate serving as its principal place of business by a group of investors and a prominent venture capital firm. The revolving line of credit loans will be used to provide working capital to the company going forward. The venture capital firm also provided financing for the acquisition, which was subordinate to the banks financing. The Halloran & Sage team, led by business law partner Robert Cox and attorney Matthew Teich, documented, negotiated and closed the transactions in fewer than two weeks in order to accommodate a required year-end closing. Completion of the transactions ensures that the company will continue operations in Connecticut and provide jobs to Connecticut residents for the foreseeable future. Multifaceted Health Care Development and Construction Deal Negotiated, Documented, and Closed; Halloran & Sage successfully counseled a large Connecticut construction and real estate firm through the negotiation, documentation, and closing of the development and construction a new health care facility and an adjacent medical office building. The project involved the negotiation and preparation of a participation agreement, a purchase and sale transaction, reciprocal easement agreements, construction contracts and leases. Additionally, Halloran & Sage represented its client in securing and documenting $19,500,000 of construction financing. The Halloran & Sage team was led by real estate partner James Maher and also included real estate associates Matthew Teich, Jaimee Newman and Casey O'Connell, construction partner William Wilson, II, and legal assistant Karel Ortolani. H & S Represents Bank in the Modification of Several Credit Facilities to a Prominent Connecticut Corporation; Halloran & Sage, led by business law partner Robert Cox and associate Matthew Teich, represented People's United Bank in the documentation, negotiation and closing of modifications to several existing credit facilities to a Connecticut manufacturing company. The transactions required accommodating multiple sources of financing, including the Connecticut Development Authority and capital contributions from an investor, both of which were subordinate to the People's financing. Completion of these transactions strengthens the cash position of the company amidst a struggling economy and ensures it will continue to grow and provide jobs to Connecticut residents for the foreseeable future. H & S Closes the Financing of Several Rehabilitation, Vocational and Educational Facilities for the Mentally and Developmentally Disabled Located in Connecticut; Halloran & Sage represented a large regional bank in its extension of four credit facilities used for working capital, refinancing of existing indebtedness and financing of renovations for several rehabilitation, vocational and education facilities for the mentally and developmentally disabled located in Connecticut. Each of the credit facilities involved multiple interest rate options and separate sets of collateral. Halloran & Sage provided counsel to the bank on various complex security and perfection issues as well as documentation and due diligence matters. The Halloran & Sage team was led by business law partner Robert Cox and associate Matthew Teich. Connecticut Properties Refinancing Matter Administered by Firm; Halloran & Sage was chosen to be among six prominent Connecticut law firms to counsel a Connecticut State Housing Authority through the refinancing of, and extension of additional financing for, a fourteen property portfolio which serves as Section 8 housing throughout the State of Connecticut. Readily accommodating a year end closing date, Halloran & Sage successfully documented the restructuring and additional financing for housing developments located in New Britain, Connecticut, and Groton, Connecticut, and provided counsel to the Authority on all due diligence matters, most notably complex title issues. Completion of these transactions ensures that the developments will continue to serve as affordable housing for residents of State of Connecticut for the next four decades. The Halloran & Sage team was led by business law partner, Robert Cox, and also included real estate associates, Jaimee Newman and Matthew Teich.|