Richard B. Furey
Partner
Miami
Expertise
Banking
Asset Finance
Corporate
Aircraft Finance
Communications and Media
Satellite
Telecommunications
Practice Experience
Richard Furey is a member of the Americas EIPAF (Energy, Infrastructure, Project and Asset Finance) Regional Section and the Asset Finance Practice Group; his practice focuses on asset finance and equipment leasing, including significant experience in cross-border transactions. He has extensive experience representing owners, lessors, lenders and investors in the buying, selling, leasing and financing of commercial and corporate aircraft, including:
- representation of BBAM Aircraft Management, International Lease Finance Corp., Aviation Capital Group, Vx Capital and other aircraft lessors in numerous domestic and cross-border aircraft-related transactions including acquisitions, leases, sale-leasebacks, and sales, primarily involving Boeing 757s, 737s, MD-88s, and Airbus A340s, A330s, A320s and A319s; representative transactions include the acquisition of 9 B757s on lease to US Airways (Jan. 2006), sale-leaseback of 2 A340s with South African Airways (March 2006); acquisition of Delta Airlines' rights to acquire 23 new B737-800s from Boeing (Dec. 2006); leasing of 10 B737-500s to Aeroflot-Don (2007) and Aeroflot-Nord (2008); leasing of 6 A320s/A319s to Virgin America (2007-2008); various other sale and leasing transactions involving airlines in CIS and Eastern European countries such as CSA and Travel Service (Czech Republic); Aerosvit and Donbassaero (Ukraine); Georgian Airways (Georgia); and Atlant-Soyuz, Taimyr Airlines, Sky Express, Transaero, Ural Airlines, Yakutia and UTair Aviation (Russia);
- represented Babcock & Brown Air Ltd. in issuance of US$865 million of aircraft lease-securitization notes;
- representation of aircraft lessors in various airline bankruptcies, including those of ATA Airlines (April 2008), XL Limited (Sept. 2008), Varig Logistica S.A. (March 2009) and KD Avia (October 2009);
- representation of buyers/sellers of corporate jets, including Switzerland-based Interjet's sale of a Gulfstream V (December 2009), and Bahrain-based Rizon Jet's purchase of a Hawker 900XP (May 2008) and sale of a Bombardier Global 5000 (Nov. 2008);
- represented Natixis in Ex-Im Bank-backed financing for THY Airlines' acquisition of 2 B737-800s (May 2008); and
- representation of DVB Bank in connection with the acquisition of 2 A320s by AAR International Financial Services and the leasing to Air Canada (Oct. 2005).
Mr. Furey has also represented borrowers and lenders in numerous debt finance transactions, including secured and unsecured loans, LBOs, and subordinated debt transactions, including:
- representation of BNP Paribas in US$586 million project financing, backed by France's COFACE, for Globalstar, a provider of satellite voice and data services (June 2009);
- representation of HSBC in US$23 million bridge financing to O3b Networks, a provider of satellite-based internet access to developing countries (June 2009);
- represented Miami-based Banyan Mezzanine Fund in mezzanine financings to CorpLogoWare (2006-07); Koning Restaurants (2006), In Zone Brands, Inc. (2005) and Technion Communications Corp. (2005);
- represented Goldman Sachs in US$50M export financing to Brazilian leather exporter (2005);
- representation of The Blackstone Group, as mezzanine debt provider, in US$550M acquisition by Frontline Capital of HQ Global Workplaces, Inc., an international office suites operator (Aug. 2000); other representations of Blackstone include mezzanine financings to Paramount Cards, a Canada-based international greeting card company (April 2000) and to American Homecare Supply, a US homecare provider (Oct. 2000);
- representation of Bankers Trust as agent in LBO by the Carlyle Group of United Defense Industries (1997); other representations of Bankers Trust include syndicated finacings for the LBOs of Tracor, Fairchild Semiconductor, Howmet Corporation, and Furniture Brands International;
- representation of Morgan Stanley as agent in the US$1.4 billion acquisition and privatization by TFM SA de CV of the primary trunk line of the Mexican railroad (1997); and
- representation of GE Capital in numerous asset-based loans.
Mr. Furey joined White & Case LLP in 1994 in its New York office, and also worked in the Firm's Prague office before joining the Miami office in 2004.
Bars and Courts
Florida State Bar, 2006
Czech Chamber of Advocates, 2001
Connecticut State Bar, 2000
New York State Bar, 1995
Education
JD, Syracuse University College of Law, magna cum laude, 1994
BA, Georgetown University, 1989
Languages
English
Citizenship
United States
News
White & Case Advises on US$1.2 Billion Investment in Next-Generation Satellite Operator
White & Case Advises on $586 Million Mobile Satellite Financing
