Anthony R. Callobre

Biography

Anthony R. Callobre concentrates his practice in the areas of commercial lending and corporate finance. His clients include commercial banks, commercial finance companies, hedge funds, private equity groups, business development companies, and other investors and lenders, as well as corporate borrowers.

Tony practices across a broad spectrum of the commercial and industrial sector, notably focusing on debt financing transactions ranging from middle-market to investment-grade credits in the areas of apparel and textiles, consumer products, engineering, construction and infrastructure, sports and entertainment, retail, technology, and transportation. In addition to representing credit providers, he represents corporate and private equity clients as borrowers in debt financing transactions.

He has significant experience with a wide range of debt financing types, including single lender and syndicated credits; senior-secured, second-lien, mezzanine, unitranche, and unsecured facilities; leveraged loans, asset-based loans, and fund finance, including capital call and subscription facilities, and NAV and hybrid loans; cash-flow loans, acquisition finance, recapitalizations, and working capital loans; cross-border loans; problem loan restructurings and workouts; 363 sales; and debtor-in-possession financings.

Outside the Firm

Tony enjoys mid-century modern architecture, British comedy, Latin music, and Notre Dame football.

Experience

  • Represented the administrative agent, left lead arranger, and sole book manager for one-billion-dollar syndicated multi-currency revolving and letter of credit facilities for an engineering and construction firm.
  • Represented the administrative agent, left lead arranger, and sole book manager for $600 million syndicated term credit facilities for an engineering and construction firm.
  • Represented the purchaser in obtaining $270 million acquisition and working capital financing for a professional sports team.
  • Represented the administrative agent in providing $130 million syndicated secured film library and production credit facilities for a large independent motion picture producer.
  • Represented the administrative agent in connection with the $115 million syndicated cross-border, asset-based credit facilities for an ornamental fence designer and manufacturer.
  • Represented the administrative agent and left lead arranger in providing $100 million syndicated revolving credit facility for large consumer e-tailer.
  • Represented a California-based private equity group in obtaining a $600 million working capital revolving credit facility from a syndicate of commercial bank lenders.
  • Represented the administrative agent for a $100 million syndicated capital call loan to U.S. and Cayman investment funds managed by a major New York-based investment manager.
  • Represented the administrative agent for a $90 million syndicated subscription facility for U.S. and offshore investment funds managed by a major New York-based investment manager.
  • Represented the administrative agent for a $95 million syndicated revolving credit facility for a West Coast chain of movie theaters.
  • Represented the administrative agent for a $100 million syndicated asset-based revolving credit facility for a leading California-based home furnishings distributor. 
  • Represented the administrative agent in providing a C$85 million working capital credit facility to a producer of children’s television programs.
  • Represented the administrative agent in connection with an $80 million secured asset-based credit facility for a Western wear retailer.
  • Represented the lender in providing $65 million of revolving and term credit facilities for the leveraged recapitalization of a blue jeans designer and manufacturer.
  • Represented the administrative agent in connection with $55 million working capital revolving and term credit facilities for a Montana-based, long-haul trucking company.

Recognitions

  • AV Preeminent®, listed by Martindale-Hubbell®
  • 2009–2021, Banking Law, listed in Best Lawyers in America 
  • 2009–2020, Banking & Finance, California, listed in Chambers USA

Affiliations

Memberships

  • American Bar Association
  • Los Angeles County Bar Association
Professional Activities

Tony is actively involved in various organizations and committees, including:

  • Fellow and former member of Board of Regents, American College of Commercial Finance Lawyers
  • Past Chair, Subcommittee on Letters of Credit, Uniform Commercial Code Committee, Section on Business Law, American Bar Association
  • Past Chair, Subcommittee on Syndications and Lender Relations, Commercial Financial Services Committee, Section on Business Law, American Bar Association
  • Past Co-Vice Chair, Uniform Commercial Code Committee, Business Law Section, State Bar of California
  • American Bar Association Task Force on Model Intercreditor Agreement for Second-Lien Financing Transactions
  • Financial Lawyers Conference
  • Los Angeles County Bar Association, Commercial Law and Bankruptcy Section
  • Secured Finance Network, including its Education Foundation

Credentials

Admissions

  • California

Education

  • Brown University, AB
  • Boston University School of Law, JD
  • Boston University School of Law, LLM