Rick Blumen represents lead arrangers, lenders, borrowers, private equity firms and underwriters, and has served as counsel to several of the largest U.S. commercial banks and their affiliates, and Fortune 500 companies, in a variety of finance transactions. These transactions include secured and unsecured syndicated credit facilities, private placements, high-yield debt offerings, acquisition financings, recapitalizations, first- and second-lien loans, mezzanine financings and pre-petition workouts and restructurings.
Rick's experience on the lender side ranges from asset-based lending to investment grade, and from rock stars to major airline carriers to portfolio companies of Berkshire Hathaway. He represents publicly traded and private companies, including several portfolio companies of private equity firms, as borrowers and issuers of debt and quasi-debt securities. His sector experience includes food and beverage, media, aircraft, transportation, retail and consumer services, health care, manufacturing, technology, financial services and insurance.
Rick currently serves as Alston & Bird's financial partner. He is the former leader of Alston & Bird's Partners' Committee and co-leader of the Finance Team. Rick has been recognized in Chambers USA: America's Leading Lawyers for Business and listed in The Best Lawyers in America© (since 2007) for his experience in banking and finance and securitization and structured finance law. He was named a Best Lawyers® 2017 "Lawyer of the Year" in Securitization and Structured Finance Law in Atlanta.
- Represented a leading global investment management company in connection with its $1.25 billion syndicated credit facility.
- Counsel to the lead arranger and agent in connection with a $500 million letter of credit facility provided to one of the largest air delivery and freight services companies in the world.
- Counsel to a publicly traded consumer products company in connection with its $330 million debt recapitalization consisting of syndicated bank debt and a public bond offering.
- Counsel to the lead arranger and agent in connection with a $525 million acquisition financing, creating the largest Anheuser-Busch distributor in the U.S.
- Represented a plastic packaging manufacturer (a portfolio company of a private equity firm) in connection with its $730 million debt recapitalization and related consent solicitation/tender offer for its public bonds.
- Represented the lead arranger and agent in connection with a $345 million acquisition financing for a publicly traded air transport company.
- Counsel to a publicly traded provider of specialized insurance products in connection with its private and public debt financings in excess of $1 billion.
- Represented the lead arranger and agent in connection with a $400 million syndicated credit facility to a leading pharmaceutical care provider.
- Represented a private equity sponsor in connection with financing and refinancing transactions for seven of its portfolio companies.
- Counsel to the lead arranger and agent in connection with a $150 million asset-based credit facility to a publicly traded media company.
- Counsel to the lead arranger and agent in several Islamic financing transactions to the portfolio companies of a private equity sponsor.
One-hundred and sixty Alston & Bird attorneys have been selected by their peers for inclusion in the 2017 edition of The Best Lawyers in America©. The lawyers span the firm’s eight offices in the United States and represent more than 60 practice areas.
August 16, 2016
Alston & Bird has earned wide recognition in the 2016 edition of Chambers USA, the peer review directory of leading U.S. business lawyers.
May 27, 2016
Eighty-two Alston & Bird attorneys have been named in the 2016 edition of “Georgia’s Top Rated Lawyers.”
March 8, 2016
One hundred and fifty-three Alston & Bird attorneys have been selected by their peers for inclusion in the 2016 edition of The Best Lawyers in America©. The lawyers span the firm’s eight U.S. offices and represent more than 60 practice areas.
August 17, 2015
Alston & Bird has bolstered its finance capabilities with the addition of Gregg Loubier as partner in the firm’s Finance Group in Los Angeles. Loubier joins from Allen Matkins Leck Gamble Mallory & Natsis LLP in Los Angeles, where he was partner and chair of the Real Estate Finance Practice Group.
August 10, 2015
Blumen outlines factors underlying the rise in alternative lenders in debt markets.
August 25, 2016
Rick Blumen, co-leader of the firm’s Finance Group, was quoted in Forbes and Mergermarket regarding his recent paper discussing earnout provisions – a tool that allows sellers to receive additional purchase price payments following the closing for hitting financial or other goals, while providing buyers a means to mitigate uncertainty in the valuation of a business; however, according to Blumen, these useful tools are not always getting proper accounting treatment in financing documents.
Blumen said where some lenders miss the mark is in the treatment of such non-cash EBITDA adjustments for purposes of calculating debt covenants. By not excluding these non-cash items, leverage ratios can be distorted in a counterintuitive way.
“The exclusion of earnouts from total debt started out as an exception to the rule, but has become the norm among lenders to private equity,” Blumen explained.
June 11, 2014