Sadis & Goldberg LLP Represented a U.S. Subsidiary of Menē, Inc. ("Menē") in Connection with a Recently Closed Secured Loan
Toronto-based Menē crafts pure 24 karat gold and platinum jewelry that is sold by gram weight. Through its website, mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices.
A team of Sadis attorneys led by Partner Paul J. Marino focused on structuring and negotiating a subsidiary guarantee, related security interests and custodial, and controlled account arrangements. Sadis's deal team consisted of Mr. Marino and Gregory Hartmann (Counsel).
"We were pleased to counsel Menē and its team led by Roy Sebag, Chairman, President and Chief Executive Officer of the Company, on this unique and complex secured loan structure, and we look forward to working with them on future projects," said Mr. Hartmann.
"Our financial services group routinely counsels clients in connection with commercial loans, as well as with mergers and acquisitions. This transaction further solidifies our leadership in the space," Mr. Marino said.