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Partner
Los Angeles
T: 310-203-7623
F: 310-203-7199
ewebber@irell.com

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Practice Areas

Education

  • University of Chicago (J.D., 1987), Articles Editor, The University of Chicago Law Review
  • London School of Economics (M.Sc., 1982), Marshall Scholar
  • Indiana University (B.Sc., 1979; M.B.A., 1980)

News

Eric A. Webber

Eric Webber is a partner in the Los Angeles office of Irell & Manella LLP, where he is a member of the transactions workgroup. Mr. Webber also serves in the firm's General Counsel's office, and has been a member of the firm's Executive Committee.

Mr. Webber's practice covers a variety of business transactions, including private and public M&A, joint ventures, business organizations and restructurings, public and private debt offerings (senior, mezzanine and subordinated debt), commercial lending (asset based lending, secured and unsecured bank debt and other financing transactions), workouts and recapitalizations, and public and private equity transactions. In equity offerings, he has represented issuers as well as underwriters and investors. He has been involved with major debt financings and restructurings, both public and private, in and outside of bankruptcy, representing borrowers and debtors as well as lenders and creditors. Mr. Webber also advises individuals on various issues relating to service as executive officers or board members for private and public companies, including corporate governance, fiduciary and other duties, insurance, indemnification and risk management.

Mr. Webber's clients reach across a variety of sectors, from more traditional retail, entertainment, media, financial services, healthcare services and manufacturing businesses, to cutting-edge electronics, software, recycling and clean technology businesses.  His clients include both operating businesses and investors, and  U.S. as well as European and other foreign clients.

Professional Awards and Recognition:

Mr. Webber has been named to the Southern California "Super Lawyers"  list by Los Angeles Magazine for 2010 and every prior year since the rankings began.  In the 2009 edition of The Legal 500, Mr. Webber was recognized as a top lawyer in business finance (his "legal talent is second to none").

Representative Matters:

Debt Financings:

  • Represented several privately-held U.S. businesses (including a metals recycler, an electronics manufacturer, a healthcare services provider and a furniture retailer) in connection with secured and unsecured bank credit lines totaling over $150 million

  • Represented a multi-national media/entertainment company in connection with approximately $950 million in debt financing secured by film library assets
  • Represented a leading manufacturer and distributor of pre-fabricated outdoor structures, and its private equity sponsors, in a $120 million secured and unsecured debt refinancing transaction including an issuance of $80 million in second-lien term loan notes

Restructurings, Workouts and Bankruptcies:

  • Represented a non-U.S. private investment group in a restructuring of $150 million in debt securities issued by a U.S. public healthcare company
  • Represented a non-U.S  private investment group holding about $60 million in secured debt securities issued by a U.S. public healthcare company in the bankruptcy reorganization of the company and its subsidiaries
  • Represented a U.S. private investment group in connection with a bankruptcy filing and restructuring of an existing portfolio company, including a purchase of the company's assets in a Section 363 sale and a rollover of certain of the company's debt
  • Represented a U.S. retailer in an out-of-court workout/liquidation of its assets and business to satisfy about $30 million in secured and unsecured third party debt obligations
  • Represented a privately-held U.S. healthcare company in a plan of liquidation involving about $65 million in assets

M&A/Private Equity Transactions:

  • Represented a privately-held national healthcare company in connection with the dispositions of its interests in several major hospital joint ventures for about $50 million

  • Represented a privately-held Southern California electronics company in connection with three major acquisitions in one year, totaling approximately $125 million, as well as in the disposition of a  major division shortly thereafter, for approximately $45 million

  • Represented seller in sale of Texas-based home attendant care services division to a leading home health care provider
  • Represented seller in the sale of major Southern California hospital and related operations to a major healthcare services company
  • Represented investor group in the restructuring and sale of seven outpatient services joint ventures with major hospitals around the U.S.
  • Represented private equity fund in connection with multiple equity and debt investments in a major U.S. Spanish-language television network, various restructurings of those investments into a controlling interest, and the disposition of the controlling equity interest in a $2.7 billion merger with a subsidiary of NBC/universal
  • Represented a multi-national media/entertainment company in connection with the acquisition of a major studio for approximately $1.6 billion
  • Represented a major publicly-traded Southern California technology company in connection with more than a dozen of strategic acquisitions over the course of five years

Other Professional Activities:

  • Mr. Webber has written and spoken on various topics relating to equity and debt financing, bankruptcy and restructuring, commercial transactions, mergers and acquisitions, banking, securities law and lawyer ethics.
  • Mr. Webber is a member of a number of professional organizations related to his practice areas, including the U.S.C. Institute for Corporate Counsel (Program Advisory Board), the Los Angeles County Bar Association (Business & Corporations Law and Commercial Law & Bankruptcy Sections), the Financial Lawyers Conference, the State Bar of California (Business Law Section), and the American Bar Association (Section of Business Law).
  • Mr. Webber serves on a number of bar association committees relating to commercial transactions and debt finance, including service as Chair of the Commercial Law Committee of Los Angeles County Bar Association ("LACBA") and as Chair of LACBA's Commercial Law & Bankruptcy Section.
  • A leader in the Southern California legal profession, Mr. Webber is currently the Senior Vice President of LACBA and has served for several years on LACBA's Board of Trustees and the Board's Executive Committee. He is also a member of the Steering Committee of the Los Angeles Bar Leaders' Breakfast Club.
  • After finishing law school and before beginning his law practice, Mr. Webber served as a law clerk to the Honorable John Minor Wisdom, late Judge on the United States Court of Appeals for the Fifth Circuit.

Bar & Court Admissions

  • 1988, California