Felix R. Dowsley, III
Felix Dowsley focuses his practice on structuring complex debt transactions. In 30 years of practice, Felix has developed deep knowledge of the debt market and understands what is “market” for deal terms from both the lender and borrower perspective. In the last three years alone, he has negotiated approximately $4.2 billion in debt transactions for public companies, regional and national lenders, and large corporate and middle market borrowers.
Felix’s practice spans many industries, including real estate investment trusts (REITs), healthcare, energy, hospitality, professional sports, government contracting, manufacturing, logistics, wholesale/retail and restaurants and includes assisting clients with:
- Secured and unsecured syndicated loan facilities
- Subordinated and mezzanine financings
- Asset-based loans
- Construction and project financings
- Work-outs and restructures of credit facilities
- Sale and leasing of commercial real estate
Felix is known for his practical and goal-oriented approach to helping clients navigate an ever-changing and increasingly competitive business environment. In addition to his commercial finance and real estate work, he also collaborates with the firm’s Corporate & Securities Practice Group on deals that involve complex financing issues.
Memberships
American Health Law Association (AHLA)
Representative Experience
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TT Capital Partners, NovaQuest Capital Management, and Frist Cressey Ventures Invests in InformedDNARead More
Representation of TT Capital Partners (TTCP), NovaQuest Capital Management (NovaQuest) and Frist Cressey Ventures in its recapitalization and growth equity investment in InformedDNA, the nation’s largest provider of genetic services
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Represented TVV Capital portfolio company Big 3 Precision Products, Inc., a maker of turnkey packaging solutions, in its sale to The Eastern Company (Nasdaq: EML), a publicly traded diversified manufacturer, for $81.7 million
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Representation of Ryman Hospitality Properties, Inc. (NYSE: RHP) in various refinancing transactions in September and October 2019, which successfully refinanced almost $2 billion in indebtedness. Refinancing transactions for Ryman included:
• The private placement of $500 million aggregate principal amount of 4.750% senior notes due 2027.
• A tack-on private placement of an additional $200 million aggregate principal amount of 4.750% senior notes due 2027.
• A tender offer for Ryman’s outstanding $350 million 5.00% senior notes due 2021 and a redemption of such notes not tendered.
• The extension of the maturity dates of Ryman’s existing $700 million revolving credit and $200 million term loan A to March 31, 2024, and March 31, 2025, respectively, the increase of the $200 million term loan A to $300 million, and the increase of the accordion feature under Ryman’s credit agreement from $500 million to $600 million. -
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We represented Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) in its investment in Denver-based Punch Bowl Social, an award-wining experiential food and beverage concept.
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Represented Pace Payment Systems, Inc. in its sale to i3 Verticals, Inc. for $52.7 million
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Represented Engility Holdings, Inc. (NYSE:EGL) in its $1.3 billion debt refinancing
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Represented a professional sports team in the increase and extension of its syndicated secured credit facility to $101 million with Regions Bank as administrative agent
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Served as primary outside counsel to the NHL’s Nashville Predators since 2010.
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Represented River Associates Investments in its acquisition of GAHH, LLC
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Represented Diversicare in the $8.75 million acquisition of a skilled nursing home facility in Selma, Alabama, from a local owner/operator
Accolades
Chambers USA — Banking & Finance (2010-2019); Real Estate (2003-2010)
Best Lawyers® — Nashville Banking and Finance Law “Lawyer of the Year” (2020); Nashville Project Finance Law “Lawyer of the Year” (2018); Nashville Commercial Transactions/UCC Law “Lawyer of the Year” (2017, 2014); Nashville Securitization and Structured Finance Law “Lawyer of the Year” (2014); Nashville Commercial Finance Law “Lawyer of the Year” (2013)
The Best Lawyers in America© — Banking and Finance Law; Commercial Finance Law; Commercial Transactions/UCC Law; Project Finance Law; Public Finance Law; Real Estate Law; Securitization and Structured Finance Law (2003-2020)
Lawdragon 3000 Leading Lawyers in America
Mid-South Super Lawyers (2006-2010, 2014-2019)
Nashville Business Journal “Best of the Bar” (2011-2012)
Nashville Post “Nashville’s 101 Top Lawyers” (2011)
Nashville Post “In Charge” (2012-2013)
Tennessee Law Review — Member (1983-1984)
Education
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University of Tennessee College of Law - J.D., 1984
Order of the Coif
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University of Tennessee - B.S., 1981
Admissions
- Tennessee, 1984
Chambers USA
"Felix Dowsley 'is a very practical lawyer,' according to one client, who adds: 'He really understands our company and our relationship with our banks. He does a wonderful job at getting everything done in a timely and efficient manner.' His significant knowledge covers debt financing and syndicated credit facilities and he regularly acts for private equity firms and mid-market borrowers."
From Chambers USA 2019