Experience List
DWT
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Admitted to Practice

  • Washington

Ward E. Buringrud

BuringrudWard
Partner
T206.757.8015
F206.757.7015
Ward Buringrud represents lenders in structuring, negotiating and documenting complex credit transactions. He assists lenders and borrowers in all areas of loan and lease negotiation and documentation, including corporate aircraft and vessel transactions.

Finance Transactions
  • Represents lenders in structuring, negotiating and documenting complex single bank and multi-bank secured and unsecured credit transactions
  • Represents clients in multi-creditor transactions, syndications, participations, subordinations, intercreditor agreements and collateral agency arrangements
  • Represents lenders in structuring, negotiating and documenting loan restructuring and workouts
  • Represents borrowers in negotiating and documenting credit transactions

Aircraft Transactions
  • Represents purchasers and sellers of corporate aircraft from and to domestic and foreign sellers and purchasers
  • Represents purchasers of new corporate aircraft
  • Represents purchasers and sellers in connection with like-kind 1031 exchange transactions, including forward and reverse exchanges
  • Represents aircraft owners and managers in negotiating aircraft management agreements, pilot services agreements and hangar agreements
  • Represents aircraft owners and operators in negotiating time sharing and joint ownership agreements

Representative Experience

Aircraft acquisition for private company

Represented client in the negotiation with the manufacturer for the purchase of a Cessna Columbus aircraft. (2008)

Aircraft acquisition for private company

Represented client in the sale of a Lear 45 aircraft and the purchase of a Cessna Citation X aircraft in a forward 1031 exchange transaction. (2008)

Aircraft acquisition for private company

Represented client in the simultaneous exchange of a Challenger 604 aircraft for a Global Express aircraft. (2008)

Aircraft acquisition for private company

Represented seller in the sale of a Challenger 604 to a purchaser in Canada. (2008)

Aircraft acquisition for publicly traded company

Represented client in negotiations with the manufacturer for the purchase of a Hawker 900XP aircraft. (2008)

Aircraft finance for private company

Represented borrower in the negotiation of term loan financing of a Cessna Citation X aircraft. (2008)

Aircraft finance for publicly traded company

Represented lessee in the negotiation lease financing of a Hawker 900XP aircraft. (2008)

Aircraft management for publicly traded company

Advised client in development of corporate jet usage policy and model form timesharing agreements. (2008)

Asset-based lending for national bank

Represented agent bank in a $55,000,000 syndicated secured revolving credit facility (with letter of credit subfacility) to electronics manufacturer subject to borrowing base requirements and guaranteed by its subsidiaries. (2008)

Commercial lending for local bank

Represented lender in a $4 million single bank secured revolving credit facility to investment fund guaranteed by subsidiaries. (2008)

Commercial lending for national bank

Represented agent bank in a $60 million syndicated secured revolving credit facility (with letter of credit subfacility) to regional fuel distributor subject to borrowing base requirements, guaranteed by its parent. (2008)

Commercial lending for national bank

Represented lender in a $45 million single bank secured revolving credit facility (with letter of credit subfacility) and term loan facility to medical equipment manufacturer guaranteed by subsidiaries. (2008)

Commercial lending for oil field service business

Represented borrower in a $45 million syndicated secured revolving credit facility to oil field service business. (2008)

Commercial lending for regional bank

Represented lender in a $10 million single bank secured revolving credit facility to marine transportation holding company guaranteed by subsidiaries. (2008)

Government banking for national bank

Represented lender in a $133,000,000 single bank direct pay letter of credit to support subordinate lien revenue bonds issued by a port authority. (2008)

Aircraft acquisition for private company

Represented client in negotiations with the manufacturer for the purchase of a Challenger 605 aircraft. (2007)

Aircraft acquisition for private company

Represented client in negotiations with the manufacturer for the purchase of a Falcon 2000LX aircraft. (2007)

Aircraft acquisition for private company

Represented purchaser in the purchase of a Beechcraft King Air. (2007)

Aircraft management for private aviation company

Represented client in the preparation of model form aircraft brokerage and aircraft acquisition agreements. (2007)

Aircraft management for private client

Represented client in the negotiation of aircraft management and pilot services agreements with national charter operator. (2007)

Aircraft management for private client

Represented client in the negotiation of aircraft management and pilot services agreements with regional charter operator. (2007)

Aircraft management for private client

Represented client in the structuring of management agreement, multiple dry leases, and multiple pilot services agreements to facilitate use of aircraft owned by separate parties under Part 91. (2007)

Commercial lending for national bank

Represented agent bank in a $295 million syndicated secured revolving credit facility (with swing line and letter of credit subfacilities) to marine transportation holding company guaranteed by subsidiaries. (2007)

Commercial lending for national bank

Represented agent bank in a $50 million syndicated secured revolving credit facility (with letter of credit subfacility) to road construction contractor subject to borrowing base requirements and guaranteed by its subsidiaries. (2007)

Commercial lending for national bank

Represented agent bank in a $50 million syndicated secured revolving credit facility to money service business. (2007)

Commercial lending for national bank

Represented lender in a $150 million single bank unsecured revolving credit facility (with letter of credit subfacility) to metals recycling company guaranteed by foreign and domestic parent companies. (2007)

Commercial lending for vehicle financing company

Represented borrower in a $100 million syndicated revolving credit facility to finance company secured by finance contracts. (2007)

Government banking for national bank

Represented lender in a $100,000,000 single bank direct pay letter of credit to support subordinate lien revenue notes issued by a port authority. (2007)

Aircraft acquisition for private aviation company

Represented purchaser in the purchase of two Challenger 604 aircraft from seller in Asia with simultaneous resale to buyers in the U.S. and Europe. (2006)

Aircraft acquisition for publicly traded company

Represented purchaser in the purchase of a Boeing 737. (2006)

Aircraft management for private company

Represented client in the negotiation of an aircraft joint ownership agreement. (2006)

Aircraft management for publicly traded company

Represented client in the negotiation of an aircraft time-sharing agreement for permitted use of aircraft by regional hospital. (2006)

Asset-based lending for national bank

Represented agent bank in a $28,000,000 syndicated secured revolving credit facility (with letter of credit subfacility) to merchandise wholesaler subject to borrowing base requirements and guaranteed by its subsidiaries. (2006)

Commercial lending for foreign bank

Represented foreign lender in a $5.8 million single bank secured revolving and term credit facilities to telecommunications company located in a U.S. territory and guaranteed by its subsidiaries located in several Pacific islands. (2006)

Commercial lending for national bank

Represented agent bank in a $70 million syndicated secured revolving credit facility (with swing line and letter of credit subfacilities) and term facility to marine transportation holding company guaranteed by subsidiaries. (2006)

Commercial lending for national bank

Represented agent bank in a $70 million syndicated unsecured revolving credit facility (with letter of credit subfacility) to veterinary supply company guaranteed by its parent and subsidiaries. (2006)

Commercial lending for national bank

Represented lender in a $10 million single bank unsecured revolving credit facility to a private university. (2006)

Commercial lending for national bank

Represented lender in a $200 million single bank unsecured revolving credit facility (with letter of credit subfacility) to metals recycling holding company guaranteed by subsidiaries. (2006)

Government banking for national bank

Represented lender in a $4,000,000 single bank standby letter of credit to support community development project. (2006)

Aircraft acquisition for private client

Represented client in the purchase of a Challenger 604 aircraft and the sale of a Challenger 601 aircraft in a reverse 1031 exchange transaction. (2005)

Aircraft acquisition for publicly traded company

Represented purchaser in the purchase of a Falcon 900EX from seller in bankruptcy. (2005)

Aircraft acquisition for publicly traded company

Represented purchaser in the purchase of a Falcon 900EX from seller in Europe. (2005)

Commercial lending for national bank

Represented agent bank in a $40 million syndicated reducing revolving credit facility to co-borrower fishing companies secured by documented vessels and fishing rights. (2005)

Commercial lending for national bank

Represented agent bank in a $450 million syndicated unsecured revolving credit facility (with swing line and letter of credit subfacilities) to metals recycling holding company guaranteed by subsidiaries. (2005)

Commercial lending for national bank

Represented lender in a $15 million single bank secured revolving credit facility (with letter of credit subfacility) to forest products company. (2005)

Commercial lending for regional bank

Represented lender in a $7.5 million single bank secured revolving and term credit facility to seafood processor. (2005)

Aircraft finance for private client

Represented borrower in the negotiation of the term loan financing of a Global Express aircraft. (2004)

Aircraft finance for publicly traded company

Represented lessee in the negotiation lease financing of a Falcon 900EX aircraft. (2004)

Aircraft leasing for publicly traded company

Represented lessee in the long-term sublease of a Falcon 900B with extension and purchase options. (2004)

Commercial lending for foreign bank

Represented foreign lender in a $6.65 million single bank secured revolving (with letter of credit subfacility) and term credit facilities to diversified retail company located in a U.S. territory. (2004)

Commercial lending for insurance broker

Represented borrower in a $8 million single bank secured revolving and term credit facility to insurance broker. (2004)

Commercial lending for national bank

Represented lender in a $24 million single bank secured credit facility including revolving credit line (with letter of credit and banker's acceptances subfacilities), committed term loans, and direct pay letter of credit to packaging materials manufacturer. (2004)

Commercial lending for national bank

Represented lender in a $9 million single bank secured revolving credit facility (with letter of credit and banker's acceptances subfacilities) to co-borrower apparel companies subject to borrowing base requirements. (2004)

Government banking for national bank

Represented lender in a $50,000,000 single bank letter of credit agreement to support obligations under power contracts. (2004)

Aircraft acquisition for private client

Represented seller in the sale of a Boeing business jet to a purchaser who simultaneously resold the aircraft to a foreign purchaser in Africa. (2002)

Professional Recognition

  • Named one of the "Best Lawyers in America" in Banking Law by Best Lawyers, 2009-present
  • Selected to "Washington Super Lawyers," Thomson Reuters, 2004-2005