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Lance Weldon Peterson

Associate
San Francisco, (415) 268-6604
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Lance Peterson practices in the San Francisco office of Morrison & Foerster as a member of the firm’s Financial Transactions Group.  Mr. Peterson provides commercial lending advice to banks and other institutional lenders, funds, and other credit providers, credit enhancers, sponsors, and borrowers in connection with both secured and unsecured financing transactions involving credit takers operating in a variety of industries, including the technology, life sciences, renewable energy, health services, food services, automotive, human resource, wine, retail, communications, sports franchise, and broadcasting industries.  Mr. Peterson has advised clients in connection with bilateral and syndicated facilities, asset-based facilities and cash‑flow-based facilities, domestic and cross-border loans, letter of credit financings, standby credit enhancement facilities, private placements of debt securities, and bankruptcy-related financings.  Mr. Peterson has experience representing both borrowers and lenders in connection with various credit tranches, including senior, mezzanine, and subordinated tranches, and in connection with workouts and restructurings.

Mr. Peterson has particular experience representing agent banks in connection with the origination, structuring, negotiation, and administration of syndicated financings, including financings involving investment-grade and highly leveraged borrowers, various credit enhancement devices, complex intercreditor issues, and foreign and non-normative collateral features.  In addition, Mr. Peterson has represented finance subsidiaries in connection with collateral-secured vendor finance programs and has advised other clients with respect to outsource service and technology licensing matters, transactional-insolvency-related matters (such as fraudulent conveyance and preferential transfer risk analysis, debtor-in-possession financings, and creditor’s rights questions), and general corporate and contract documentation matters.

Mr. Peterson received his J.D. in 1999 from the University of California Hastings College of the Law, where he not only served as an articles editor for the Constitutional Law Quarterly but also received an American Jurisprudence Award for Constitutional Law.  Mr. Peterson was a judicial intern for the Honorable Judge Richard Kramer (Civil Division of the California State Superior Court) and for the Honorable Judge Kevin McCarthy (Criminal Division of the California State Superior Court).

Prior to joining Morrison & Foerster, Mr. Peterson was associated with White & Case LLP and, prior to that, with Brobeck, Phleger & Harrison LLP.

$1.25 Billion Syndicated Multicurrency Facility
Represented a leading national bank as administrative agent and lead lender in connection with a $1.25 billion multicurrency facility in favor of a major distributor of electronic components and computer networking equipment.
$305 Million Asset-Based Syndicated Facility
Represented a major automotive manufacturer, as borrower, in connection with a $305 million asset-based credit facility provided by a syndicated of lenders.
$275 Million Leveraged Acquisition Financing
Represented a leading national bank as administrative agent and lead lender in connection with a $275 million multicurrency leveraged acquisition financing (secured by multijurisdictional foreign collateral) in favor of a leading supplier of power conversion products and communications subsystems.
$250 Million Syndicated Letter of Credit Facility

Represented a leading national bank as administrative agent and lead lender in connection with a $250 million senior secured letter of credit facility provided to a nonprofit hospital for the purpose of providing back-up liquidity in connection with failed bond auctions.

$100 Million Standby Liquidity Facility
Represented a leading national bank as administrative agent and lead lender in connection with a $100 million standby liquidity facility in favor of a state workers’ compensation benefits fund.
$40 Million Sports Franchise Facility
Represented a leading national bank as lender in connection with a $40 million bilateral sports franchise facility (secured by nonstandard collateral) in favor of a Major League Baseball franchise.
Restructuring of Syndicated Facility
Represented a wine producer in connection with the workout and restructuring of its syndicated credit facility.
Purchase of Portfolio of Solar Power Development Loans

Represented a private equity fund in connection with its purchase from another private equity fund of a portfolio of solar power development loans.

Wind Power Development Loan
Represented a private equity fund, as lender, in connection with a secured loan facility provided to a developer of a portfolio of wind farms.
Venture Debt
Represented a leading pharmaceutical company in connection with its provision of a secured bridge loan to a nanotechnology developer and a secured bridge loan to a developer of diagnostic testing equipment, and in connection with its purchase of a convertible note from a provider of broadband services.
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