Jacob Scholl focuses his practice on business transactions and finance law with an emphasis on corporate finance, mergers and acquisitions, hedging transactions, state and federal bank regulation, and general corporate matters.
His experience includes: representing borrowers and lenders in secured, unsecured, structured and project financing; negotiating and structuring public and private company mergers and asset acquisitions and dispositions; negotiating hedging structures such as interest rate swaps; and providing corporate advice to business ventures.
Representative Experience
Commercial financing for Vulcan Inc.
Representation of Vulcan Inc. in connection with prime brokerage arrangements and complex investment and hedging structures. (Ongoing)
Acquisition of portfolio for private equity-backed company
Represented a private equity fund in the $150 million acquisition of a commercial loan and leasing portfolio. (2011)
Corporate finance and securities for American Seafoods Group
$475 million five-year senior secured credit facility with revolving and term loan facilities. (2010)
Corporate finance and securities for American Seafoods Group
Issuance and sale of $275 million senior subordinate notes. (2010)
Corporate finance and securities for ASG Consolidated
Issuance and sale of $125 million in senior notes and 125 million warrants to purchase common stock. (2010)
Corporate finance and securities for ASG Consolidated
Tender offer to purchase $251 million outstanding senior discount notes. (2010)
Corporate transactions for Darigold
Represented Darigold in the negotiation and documentation of various interest rate and dairy commodity forward swap transactions using ISDA Master Agreements and an auction-based selection process to identify counterparties. (2009)
Bank finance business sales for Washington Mutual*
Representation of Washington Mutual in connection with the sale of various loan portfolios and business lines, including the mortgage banker finance group, syndicated loan group, agricultural lending group, and credit card processing group. (2000-2008)
Loan credit facility for Avista Corporation
Represented Avista Corporation in negotiation and documentation of a syndicated $200 million revolving loan credit facility to provide additional liquidity for operations. (2008)
Private equity for Alaska Permanent Fund Corporation*
Representation of the Alaska Permanent Fund in connection with investments in private equity funds. (2008)
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Vessel acquisition for American Seafoods*
Representation of American Seafoods in the acquisition of fishing vessels active in the Bering Sea pollock fishery. (2008)
Bank branch transactions*
Representation of Washington Mutual, HomeStreet Bank, and Cowlitz Bancorp in connection with various bank branch acquisitions and divestitures. (1998-2007)
Commercial financing for Lehman Brothers, Inc. and Washington Mutual Bank*
On behalf of Washington Mutual and Lehman Brothers, revision of forms of ISDA confirmation and schedules used for derivatives embedded in mortgage loan securitization structures following Moody's 2006 revision of its hedge rating methodology. (2007)
Bank operations acquisition for Washington Mutual*
Acquisition of National Australia Bank's mortgage banking operations in stock and asset purchases. (2002)
Bank acquisition for Washington Mutual*
Acquisition of Dime Bancorp Inc. (2001)
Debt refinancing for privately held company
Represented a privately held company in the restructuring of approximately $1.5 billion of senior debt consisting of senior notes and domestic and European credit facilities.
Sale of servicing portfolio for JPMorgan Chase Bank, National Association
Represented JPMorgan Chase in connection with the sale of a $4 billion portfolio of CMBS servicing rights, consisting of master servicing and subservicing rights with respect to commercial and multifamily loans backing private label mortgaged-backed securities.
* Denotes experience completed at a prior firm