SouthTrust Financing of a Stock Acquisition

SouthTrust had a complicated stock acquisition merger to finance for a national hotel developer. They asked Arnall Golden Gregory how to structure and secure the deal.

Before long, everyone could rest easy.

SouthTrust's Corporate Banking department, led by Pat O'Donnell and Ken Deere, needed to close the financing of a large and complex "going private" stock acquisition. Their Vice President in charge of the transaction, Terry Herron, turned to the law firm they had grown to trust -- Arnall Golden Gregory LLP.

"In a case where a private corporation wants to purchase the stock of a larger public company, the key issue is ensuring a secured transaction -- and I knew AGG could show us how to do it," says Terry. AGG's Lending Team successfully closed the deal by overcoming complex capital markets, real estate, lending and acquisition issues and leveraging assets nationwide.



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