Hinckley Allen represented the Borrower — a company that administers dental plans in 23 states — in connection with a $150,000,000 working capital revolving credit facility secured by equity pledges of numerous affiliates of the Borrower and all other personal property and real estate located in multiple states. Each of the subsidiaries provided guaranties of the Borrower’s obligations secured by all assets of those subsidiaries. Hinckley Allen worked creatively with both our client and the Agent to structure the transaction to accommodate certain state insurance regulatory considerations.