Dorsey Adds Trygve Kjellsen as Partner in Denver Office Corporate Group

International law firm Dorsey & Whitney LLP announced today that Trygve Kjellsen has joined the Corporate Group in the Firm’s Denver office as a Partner. Mr. Kjellsen’s practice focuses on mergers and acquisitions, strategic alliances and joint ventures. He counsels public company clients on corporate governance, securities — including Securities and Exchange Commission reporting and stock exchange listing requirements — and general corporate matters. Mr. Kjellsen advises foreign clients in connection with their private equity investments in, or acquisitions of, companies in the United States. Previously, Mr. Kjellsen was a partner with Faegre Baker Daniels. He received a B.S. from Truman State University and a J.D. from Rutgers School of Law.

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Tags:  Dorsey & Whitney LLP | Denver

Kutak Rock – Michigan Refinances $3.32 Billion of Unemployment Trust Fund Debt

The State of Michigan began borrowing money from the Federal Unemployment Trust Fund Account for its unemployed workforce in 2006, earlier than any other state in the nation. For the first few years Michigan was able to keep up with the loan payments, but when the economic recession hit, its repayments and interest increased too quickly for the state to pay them.

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Tags:  Kutak Rock LLP | Denver

Kutak Rock – $229.5 Million Net Lease Mortgage Notes Issued

Using a master trust structure for real estate transactions pioneered by Kutak Rock LLP in 2005, a team of Denver attorneys recently acted as issuer’s counsel to STORE Capital Corporation, a private REIT, in connection with the issuance by its subsidiary, STORE Master Funding I LLC, of $229.5 million net lease mortgage notes. The STORE subsidiary is a bankruptcy remote, special purpose financing entity. The notes were rated A (sf) and BBB (sf) by Standard & Poor’s and purchased by institutional investors. The collateral for these notes consisted of 132 commercial real estate properties across various industry sectors, including related rents due under triple-net leases with the properties’ tenants. The master trust structure permits additional collateral to be added to the pool at a later date and also the issuance of additional notes in the future secured by the larger collateral pool.

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Tags:  Kutak Rock LLP | Denver

Michael Stiff Recruited by Baker Hostetler in Denver

The Denver office of Baker Hostetler recently announced the expansion of its Denver office with the recruitment of Michael J. Stiff. Joining the firm from Stiff, Zisman & Ingraham, P.C., Mr. Stiff will join the firm’s tax practice. With extensive experience in estate planning, probate, trust administration and business law, Mr. Stiff will surely be a great addition to Baker Hostetler.

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Tags:  Baker & Hostetler LLP | Denver