Thomas E. duB. "Ted" Fauls

Partner

Richmond
Business Phone: 804.697.1397
Business Fax: 804.698.5189

ted.fauls@troutman.com

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Ted Fauls has extensive experience representing financial institutions, other lenders and borrowers in a broad range of lending and financing transactions, including structuring, drafting and negotiating loan documents for secured and unsecured loan facilities, syndicated and non-syndicated loans, asset-based loans, acquisition loans, and secured and unsecured subordinated and mezzanine debt transactions. He also represents financial institutions and other lenders in all aspects of loan workouts and out-of-court restructurings, bankruptcy, creditors' rights, and note sale and note purchase transactions. In addition, Ted regularly advises financial institutions clients on a wide range of consumer credit compliance issues, including consumer compliance audits and new consumer product development. Ted’s clients benefit from his 30+ years of experience representing lenders and borrowers, which enables him to formulate successful strategies and solutions for both new financing transactions and failed financing transactions.

Representative Matters

  • Represent national and regional lenders in connection with a variety of complex commercial financings, including asset-based loans, term loans, revolving credit facilities, workouts, restructuring of real estate and personal property secured loans, note sales, and syndicated credit facilities, in transactions ranging from $10 million to $225 million.
  • Represented a national lender in all aspects of the workout and bankruptcy of vehicle floor plan loans, term loans, lines of credit, real estate loans and interest rate hedging (swap) agreements with automobile dealers.
  • Represented a lender in all aspects of the workout and bankruptcy of term loans, line of credit, and interest rate hedging (swap) agreements with a vertically integrated group of companies in the forest products business.
  • Represented a lender in connection with a $22.5 million construction/permanent loan to build a nationally franchised condominium hotel in Virginia.
  • Represented a publicly-traded company in obtaining a $120 million subordinated bridge facility extended by national capital markets participants.
  • Represented a national lender, as agent, in a $225 million secured syndicated credit facility to a coal company.

Publications

  • Author, "Other Statutory Liens, Statutory Exemptions, and Fraudulent and Voluntary Conveyances," Enforcement of Liens and Judgments in Virginia, Seventh Edition.

Presentations and Speaking Engagements

  • “Avoiding Lender Liability,” 2017 Risk Management Seminar for Community Banks presented by Elliot Davis Decosimo and the Virginia Association of Community Banks, May 9, 2017.
  • Panelist, “Underwriting a Loan and Understanding Commercial Loan Documentation,” Troutman Sanders Seminar, March 15, 2017.
  • Panelist, “Avoiding Lender Liability,” Troutman Sanders Webinar, November 3, 2016.

Professional and Community Involvement

  • Board of Directors, The Richmond Forum, 2007-2013
  • Trustee, Saint Stephen’s Endowment Fund, 2005-2010
  • Virginia Bar Association (Member, Business Bankruptcy Business Law Sections)
  • American Bar Association (Member, Subcommittee on Secured Creditors of the Business Bankruptcy Committee and Subcommittee on Secured Transactions of the Uniform Commercial Code Committee)

Rankings and Recognition

  • Lawyer of the Year, Richmond, Financial Services Regulation Law, Best Lawyers® (2018)
  • Lawyer of the Year, Richmond, Securitization and Structured Finance Law, Best Lawyers® (2012)
  • Banking Law, Best Lawyers® (2008-2019) 
  • Financial Services Regulation Law, Best Lawyers® (2011-2019)
  • Securitization & Structured Finance Law, Best Lawyers® (2009-2019)
  • Consumer Law, Best Lawyers® (2015-2019)
  • Virginia Super Lawyer, Banking Law, Securities & Corporate Finance Law, and Creditor Debtor Rights: Business (2006, 2008-2018)
  • AV Rating® by Martindale-Hubbell 

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Education

  • The College of William and Mary, J.D., 1986
  • The College of William and Mary, B.A., 1983

Bar Admissions

  • Virginia

Court Admissions

  • U.S. District Court for the Eastern District of Virginia
  • U.S. District Court for the Western District of Virginia
  • U.S. Bankruptcy Court for the Eastern District of Virginia
  • U.S. Bankruptcy Court for the Western District of Virginia
  • U.S. Court of Appeals for the Fourth Circuit