Richard C. Pugh Jr.

Mr. Pugh is a partner in the Finance and Bankruptcy Practice Group in the firm's Los Angeles office.

Areas of Practice

Mr. Pugh specializes in commercial finance, representing lenders and corporate borrowers in a variety of debt financing transactions, including syndicated senior credit facilities, mezzanine financing, acquisition financing, loan workouts and restructurings, debtor-in-possession financing, Chapter 11 exit financing, and letter of credit facilities.

A substantial part of Mr. Pugh's practice involves representing banks, finance companies and other institutional lenders in asset-based financial transactions. From 1993 through 1999, he was the General Counsel of Fremont Financial Corporation, a nationally recognized provider of asset-based financing to middle market companies. As a member of the UCC Committee, Business Law Section of the California State Bar from 1998-2000, Mr. Pugh was active in the recent revision of Article 9 of the Uniform Commercial Code.

Education

• J.D., Columbia Law School, 1985
• B.A., Dartmouth College, 1979

Admissions

• California

Recent Representative Transactions

Financing for acquisition of a software developer including senior lien and junior lien tranches

Restructure of revolving and term loan facility for gaming company

Debtor-in-possession financing for a chain of family style Mexican restaurants

Chapter 11 exit financing for a semiconductor manufacturer

Liquidity facility for private equity investment fund

Mezzanine financing for a publisher of regional newspapers

Revolving and term loan facility for a company that owns and operates television stations

Multi-tranche working capital facility for manufacturer of health care products

Leveraged recapitalization of pharmaceutical company

Memberships

• Member, Los Angeles County Bar, Financial Lawyers Conference, Commercial Law and Bankruptcy Sections
• Member, American Bar Association
• Member, Commercial Finance Association
• Former Member, CFA House Counsel Committee
• Former Member, UCC Committee
• Former Member, California State Bar, Business Law Section