Securitization & Asset Based Finance
Emory University, School of Law - J.D., 1999, with honors
Texas Tech University - B.A., 1993, magna cum laude, Political Science
John T. Flippen is a senior attorney in the firm’s Capital Markets Group. He has represented banks and other financial institutions as lead arrangers, agents and lenders, and business development companies and other investment funds as borrowers, in subscription credit facilities, asset-backed credit facilities and other fund finance transactions. He also has extensive experience representing public companies and private equity portfolio companies as borrowers, and banks and other financial institutions as lead arrangers, agent banks and lenders, in a wide variety of leveraged finance transactions, including acquisition finance transactions, leveraged recapitalizations, inventory and receivables financing, second-lien debt, cross-border and multi-currency credit facilities, mezzanine financing, letters of credit, and transactions involving borrower credit profiles ranging from investment grade to distressed.
John also has experience with insolvency, workouts and foreclosures, leveraged equipment leasing, transportation finance, project finance, credit derivative transactions and non-profit organizations.
John served two tours of duty in Iraq with the U.S. Army and an extended deployment to Afghanistan with the U.S. State Department. His awards include the Bronze Star Medal, the Combat Action Badge and the State Department Expeditionary Service Award.
He received his J.D., with honors, from Emory University School of Law and his B.A., magna cum laude, in Political Science from Texas Tech University.
John’s significant transactions include:
- Representing the administrative agent and term loan lender in a US$436 million multi-currency subscription-backed credit facility for a private equity fund. The facility featured a term loan and an uncommitted revolving line of credit.
- Representing the administrative agent in a US$265 million subscription-backed term loan facility for an international private equity fund.
- Represented the administrative agent in a US$30 million subscription-backed revolving credit facility for a hedge fund.
- Representing a financing subsidiary of a business development company, as borrower, in its US$200 million asset-backed revolving credit facility.
- Representing a subsidiary of a direct lending fund, as borrower, in its US$75 million subscription-backed revolving credit facility.
- Representing the administrative agent in a US$50 million asset-backed revolving credit facility for a business development company.
- Representing a diversified manufacturing company, as borrower, in its US$250 million senior secured revolving credit facility.
- Representing an online job search company, as borrower, in its US$190 million senior secured revolver and term loan facility.
- Representing a private equity sponsor in a US$120 million inventory and receivables-backed revolving credit facility used to finance the acquisition of an oil pipeline wholesale distributor.
- Representing the administrative agent in a US$400 million syndicated inventory-backed revolving credit facility for a steel company.
- Representing the administrative agent in a workout of an approximately US$500 million syndicated blanket-lien credit facility for a satellite television distribution company.
- Representing the borrower and its private equity sponsor in a US$500 million asset-backed credit facility used to finance the acquisition of an agricultural products company.
- Representing the administrative agent in a US$300 million syndicated blanket-lien credit facility for a chain of movie theaters.
- Representing the administrative agent in a US$300 million syndicated loan/lease facility to finance eleven 747 aircraft.
- Representing the Series A lender and Series A payment undertaker in a US$500 million defeased cross-border sale/leaseback of an electric power grid in Austria.
*Note: Certain representations occurred prior to John’s association with Cadwalader.