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Holly Gladstone, Member

Holly  Gladstone

Holly Gladstone

Member

hgladstone@lawfirm.ms

3 Becker Farm Road, Suite 105
Roseland, NJ 07068
Tel: 973-736-4600 x7983
Direct Dial: 973-243-7983
Fax: 973-325-7467

Holly Gladstone has more than twenty years of experience representing lenders and borrowers in complex commercial, industrial and real estate finance transactions.

Holly’s commercial and industrial lending practice is primarily focused on senior secured credit facilities, including asset-based loans and middle market loans, representing administrative agents, banks, sponsors and borrowers in bilateral and syndicated facilities. Many of these representations involve cross-border debt and complex intercreditor relationships. She also frequently advises lenders and borrowers in connection with recurring monthly revenue (RMR) financings in the home security, medical alert, and fire monitoring industries.

In Holly’s real estate finance practice, she advises clients in connection with acquisition loans, permanent loans and construction loans across the U.S., as well as construction loans in the New York market and related New York lien law issues. Holly also has extensive experience handling bilateral and syndicated real estate financings on behalf of lenders and borrowers.

Prior to joining Mandelbaum Salsburg, Holly was a Shareholder in the New York office of Buchanan Ingersoll & Rooney PC, where she practiced for 15 years. Holly started her career as an associate in the Finance Department of Latham & Watkins LLP’s New York office.

New York State Bar Association
New Jersey State Bar Association

  • Acquisition, bridge and construction loans in excess of $100 million in aggregate for student housing project in Ithaca, New York (counsel to lender
  • Construction loan for hotel redevelopment project in Southeast United States, including negotiation of credit enhancement agreement with hotel franchisor (counsel to agent)
  • $75 million acquisition and construction loan for hotel project in Manhattan, including acquisition of air rights (counsel to agent)
  • $20 million acquisition and construction loan for mixed use project in Western New York, which also involved multiple layers of ground leases with the municipality and the county Industrial Development Authority (counsel to lender)
  • $300 million secured revolving and term loan credit facilities for a privately held security alarm company with a private equity sponsor (counsel to agent)
  • $225 million secured multi-currency credit facility to Canadian publicly traded technology services company and domestic international subsidiaries (counsel to borrower)
  • Term loan and revolving loan financings in excess of $300 million for global pharmaceutical company and its domestic and international subsidiaries (counsel to borrower)
  • $45 million revolving credit facility for a privately held physical security and IP managed services company with a private equity sponsor, including negotiation of intercreditor agreement with trustee for senior secured noteholders (counsel to agent)
  • Restructuring of $150 million term and revolving credit facilities for a privately held security alarm company (counsel to agent)
  • $200 million asset-based syndicated credit facility for technology services company (counsel to borrower)
  • $10 million asset-based credit facility for privately held company in electronic components industry (counsel to lender)
  • $30 million receivables purchase facility to a provider of IT services (counsel to seller)

Holly has been a frequent lecturer at the Barnes Buchanan Security Conference held annually in Palm Beach, Florida on issues concerning RMR lending.

Overview

Holly Gladstone has more than twenty years of experience representing lenders and borrowers in complex commercial, industrial and real estate finance transactions.

Holly’s commercial and industrial lending practice is primarily focused on senior secured credit facilities, including asset-based loans and middle market loans, representing administrative agents, banks, sponsors and borrowers in bilateral and syndicated facilities. Many of these representations involve cross-border debt and complex intercreditor relationships. She also frequently advises lenders and borrowers in connection with recurring monthly revenue (RMR) financings in the home security, medical alert, and fire monitoring industries.

In Holly’s real estate finance practice, she advises clients in connection with acquisition loans, permanent loans and construction loans across the U.S., as well as construction loans in the New York market and related New York lien law issues. Holly also has extensive experience handling bilateral and syndicated real estate financings on behalf of lenders and borrowers.

Prior to joining Mandelbaum Salsburg, Holly was a Shareholder in the New York office of Buchanan Ingersoll & Rooney PC, where she practiced for 15 years. Holly started her career as an associate in the Finance Department of Latham & Watkins LLP’s New York office.

Professional Affiliations

New York State Bar Association

New Jersey State Bar Association

Representative Matters
  • Acquisition, bridge and construction loans in excess of $100 million in aggregate for student housing project in Ithaca, New York (counsel to lender
  • Construction loan for hotel redevelopment project in Southeast United States, including negotiation of credit enhancement agreement with hotel franchisor (counsel to agent)
  • $75 million acquisition and construction loan for hotel project in Manhattan, including acquisition of air rights (counsel to agent)
  • $20 million acquisition and construction loan for mixed use project in Western New York, which also involved multiple layers of ground leases with the municipality and the county Industrial Development Authority (counsel to lender)
  • $300 million secured revolving and term loan credit facilities for a privately held security alarm company with a private equity sponsor (counsel to agent)
  • $225 million secured multi-currency credit facility to Canadian publicly traded technology services company and domestic international subsidiaries (counsel to borrower)
  • Term loan and revolving loan financings in excess of $300 million for global pharmaceutical company and its domestic and international subsidiaries (counsel to borrower)
  • $45 million revolving credit facility for a privately held physical security and IP managed services company with a private equity sponsor, including negotiation of intercreditor agreement with trustee for senior secured noteholders (counsel to agent)
  • Restructuring of $150 million term and revolving credit facilities for a privately held security alarm company (counsel to agent)
  • $200 million asset-based syndicated credit facility for technology services company (counsel to borrower)
  • $10 million asset-based credit facility for privately held company in electronic components industry (counsel to lender)
  • $30 million receivables purchase facility to a provider of IT services (counsel to seller)
Publications and Speaking Engagements

Holly has been a frequent lecturer at the Barnes Buchanan Security Conference held annually in Palm Beach, Florida on issues concerning RMR lending.

Admissions

New Jersey

New York

Education

New York University, J.D., 1998

Cornell University, B.A., Phi Beta Kappa, 1994

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