John A. Hreno

John represents borrowers and lenders throughout the lifecycle of domestic and cross-border investment transactions across a variety of industries, including technology, financial services, media and telecommunications, life sciences, energy, and real estate. John also has experience counseling clients through out-of-court restructurings and workouts.

Prior to joining Morgan Lewis, John led a regional policy analysis group focused on fostering public health–public safety partnerships at the NY-NJ High Intensity Drug Trafficking Area federal program administered by the US Office of National Drug Control Policy. John previously worked on short-term projects with the chief justice of the Supreme Court of Ghana, Inter-American Development Bank, and Zimbabwe Lawyers for Human Rights.

• Represented a group of institutional investors holding $175 million of senior unsecured notes in the complex restructuring of a private commercial real estate lender involving multiple affected creditor groups
• Represented a group of institutional investors in the restructuring of four separate private placement financings totaling nearly $350 million of senior secured notes issued by a large commercial real estate owner, investor, and operator
• Represented Candide Group LLC and its subsidiary in connection with establishing a loan facility of up to $100 million, including commitments in the form of program-related investments (PRI), with proceeds used to expand access to affordable clean energy solutions and support affordable clean energy projects in distressed communities
• Represented the institutional investors in a $1 billion private placement secured financing of an infrastructure investment fund and asset manager
• Represented a nonprofit organization in establishing an approximately $15 million debt fund to provide low-cost facilities financing to charter schools serving high-need communities
• Represented a nonprofit impact investor in a $2 million investment in a pilot portfolio that aims to increase energy access to off-grid populations in Sub-Saharan Africa
• Represented a nonprofit impact investor in an $8 million loan to a community development financial institution that invests in projects benefiting low-income, low-wealth, and other disadvantaged communities by financing the development of community facilities and multifamily housing projects
• Represented the institutional investors in a $110 million private placement financing for the development of a cruise port in the Bahamas
• Represented the institutional investors in a $90 million private placement financing for the development of a cruise port in Houston
• Represented the institutional investors in a $150 million private placement financing, including $50 million in Green Notes, of a private equity fund that invests in income-producing real estate assets in major US markets, including apartment, industrial, office, retail, and self-storage assets
• Represented the institutional investors in a $282 million private placement by a subsidiary of Harrison Street Real Estate Capital LLC, a leading investment management firm exclusively focused on alternative real assets, in connection with a student housing portfolio joint venture
• Represented Ares Capital, as administrative agent and collateral agent, in a rescue financing and amendment and restatement of senior secured unitranche credit facilities in the aggregate principal amount of $645 million for a leading airport terminal concession manager operating restaurants, bars, lounges, and gourmet markets
• Represented an institutional investor in a £65 million (approximately $91 million) shelf facility and initial issuance of £30 million (approximately $42 million) of notes by Aberdeen, a UK-based investment company with a portfolio focused on Asian small caps
• Represented the administrative agent in a syndicated $560 million revolving credit facility to a master distributor of stainless steel products headquartered in California, and its affiliates
• Represented the bank lender in an amendment and restatement of an existing revolving credit facility, upsized from $350 million to $550 million, extended to an American media and film production company
• Represented Ares Capital as administrative agent, collateral agent, and last-out lender in the workout of a $120 million senior secured unitranche credit facility for a large restaurant franchisee, including structuring a complex exit to allow the borrower to continue operations, avoid a bankruptcy, and maximize recoveries by the first-out lenders, last-out lenders, and franchisor
• Represented the bank lender in negotiating and closing a $100 million credit facility for an emerging technology software company specializing in business process automation technology
• Represented the institutional investors in the $150 million restructuring of mining company Intrepid Potash, Inc.
• Represented the bank lender in negotiating and closing a $50 million syndicated, three-year working capital credit facility, including a revolving L/C sublimit, to a global apartment rental company that provides short-term leases of its curated apartments to travelers abroad
• Represented the administrative agent and lender in a $50 million senior secured hybrid corporate warehouse credit facility for an emerging tech company that leases used vehicles through an app-based platform
• Represented the institutional investors in a $440 million private secured placement to a real estate investment trust (REIT) with properties in a variety of locations across the United States

Results may vary depending on your particular facts and legal circumstances.