Pocahontas Parkway

Jan 01, 2014

OUTCOME: Successful consensual out-of-court foreclosure by lenders.

Represented interests of senior lenders in connection with the almost 2-year out of court restructuring of the equity and debt and consensual foreclosure of the Pocahontas Parkway, an 8.8 mile toll roa ... d near Richmond, Virginia‎. The US Department of Transportation, acting by and through TIFIA, held subordinated debt. Total debt at issue was over $500 million.