Clint M. Hanni
Experience
Clint Hanni practices in the Corporate Group of the Salt Lake City Office. His finance
law practice focuses on all aspects of renewable energy project finance law,
commercial finance and debt finance. He has negotiated and drafted a broad array of
commercial finance, debt finance and renewable energy project finance loan
documents, including credit agreements, loan agreements, security agreements,
guaranties, pledge agreements, forbearance agreements, loan modification
agreements, promissory notes, intercreditor agreements and subordination
agreements. He represents clients located within Utah and outside Utah, including
California and other western states. His work as a lawyer has included a wide range of
commercial finance transactions, including large syndicated credit facilities, private
placements and single-lender transactions. He represents both borrowers and financial
institutions, including national banks and Utah-based banks, asset-based lending
companies, equipment finance companies and financial service companies. He has
experience in multiple-creditor settings and second-lien finance. He also has
experience as a Salt Lake City-based lawyer in debt finance restructuring, loan
workout finance, debtor-in-possession (DIP) finance, contract renegotiation,
commercial project finance and real estate finance. Clint has applied his knowledge of
Of Counsel
Salt Lake City, UT
(801) 578-6904 direct
(801) 578-6999 fax
clint.hanni@stoel.com
commercial finance and project finance to renewable energy projects, including wind,
ethanol, solar and geothermal renewable energy projects. He is an expert on all
Education
aspects of the Uniform Commercial Code (UCC) of Utah and California.

Fulbright Graduate Research Fellow,
Clint has counseled clients in a wide variety of corporate matters, including mergers
and acquisitions, stock purchase agreements, asset purchase agreements, venture
capital finance, employment agreements, joint ventures, reorganizations and third-
1991-92

Columbia University School of Law,
J.D., 1991
party legal opinions. He has a high degree of interest in law firms using flat-fee
Harlan Fiske Stone Scholar
billing, fixed-fee billing and other creative alternative billing arrangements to better
FLAS Fellowship in Japanese language
serve the needs of clients that no longer wish to pay by the billable hour.
studies
Articles Editor, Journal of Asian Law
Prior to joining Stoel Rives, Clint practiced at VanCott, Bagley, Cornwall & McCarthy in
Salt Lake City, Utah (1997-1998) and O'Melveny & Myers LLP in Los Angeles, California
Tokyo University Faculty of Law,

Brigham Young University, B.A., 1987,
summa cum laude
(1992-1997).

Representative Work
Nanjing University, Chinese language
studies, 1987
Renewable Energy Project Finance


Represented a large manufacturer and marketer of polysilicon for the renewable
Admissions
energy solar market in the review of major polysilicon supply contracts.

California
Represented the underwriters in the IPO of a major developer of renewable

Utah
energy wind projects in Southern California.
Languages

Japanese
Clint M. Hanni

Represented the developer/owner of a 50 million gallon-per-year renewable energy ethanol plant in California in negotiating,
documenting and closing $70 million in renewable energy project finance.

Represented the developer/owner of a 50 million gallon-per-year renewable energy ethanol plant in Arizona in negotiating $50
million in renewable energy project finance to be provided by a syndicate of banks.

Represented an electrical utility in the issuance of annual legal opinions relating to revenue bonds.

Represented a large energy trading company in its review and analysis of electrical power purchase agreements.
Workout and Restructuring

Represented the owner/operator of a 55 million gallon-per-year corn ethanol project in a major debt restructuring and workout
of $70 million in renewable energy project finance. The plant was completed in 2009 and was one of the most efficient
renewable energy ethanol projects in operation in California at the time.

Represented a consortium of Chapter 11 debtors developing a large real estate project. Had principal responsibility for
reviewing terms of the loan agreement and security documents for a $24 million debtor-in-possession loan as part of an overall
workout package.

Represented a group of lenders providing $7 million in debt restructuring and workout finance to a Chapter 11 debtor in the
boat construction industry. Had principal responsibility for negotiating and drafting loan modification terms for loan agreements
and security documents constituting the debt restructuring and workout package.

Represented a group of borrowers in negotiating and drafting loan modification workout terms for loans totaling $50 million
provided by a national bank to finance the development of a residential/resort real estate project.

Represented a large Canadian bank in negotiating and drafting workout terms for a $12.5 million loan secured by corporate
stock resulting in payment in full of all amounts outstanding.
Commercial Finance

Represents a large bank in the review and drafting of loan documents based on a flat-fee/fixed-fee billing arrangement.

Represented a large nutraceutical manufacturer in negotiating and documenting an $80 million secured credit facility for
acquisition and working capital purposes.

Represented the lead lender in a $3 billion unsecured credit facility provided by a syndicate consisting of 39 banks to a nat ional
grocery store chain for working capital purposes.

Represented the lead lender in a $190 million secured credit facility provided by a syndicate of 19 banks to a manufacturer of
office equipment for acquisition financing.

Represented the lead lender in a $450 million secured credit facility provided to a borrower in the manufacturi ng sector for
acquisition and working capital finance.

Represented the lead lender in a $400 million secured credit facility provided to a major player in the gasoline refining and
marketing industry.
Clint M. Hanni

Represented a national financial institution in the negotiation and drafting of documents relating to its role as issuer under a
$500 million letter of credit facility.

Represented the lead lender in a $180 million secured credit facility provided by a syndicate of four lenders to a media indu stry
company.

Represented a national insurance company in a $28 million private placement of senior notes by a manufacturer of synthetic
lumber.

Represented a national insurance company in a $34 million private placement of senior notes by a lessor of construction
equipment.

Represented the issuer of $19 million in notes that were subordinated to three senior credit facilities pursuant to a complex
subordination agreement.

Represented a real estate commercial lender in an $18.5 million second-lien finance loan provided to a grocery store chain in
the Pacific Northwest.

Represented the borrower in its assumption of approximately $148 million of senior notes issued by an acquired company.

Represented a leading provider of air ambulance services as borrower in an $18.5 million credit facility secured by aircraft and
personal property.

Represented the issuer of approximately $50 million in revenue bonds relating to an airport improvement project.

Represented a school district as issuer of $11 million in revenue bonds relating to the refinancing of a prior issuance of bonds.

Represented a start-up company developing laser technology from inception through three rounds of funding that raised over $5
million.
Bank Mergers and Acquisitions

Represented a major gas utility in the West in its sale of a federal savings bank subsidiary in a deal valued at $190 million.

Represented a federal savings bank in its sale of deposit accounts and other assets in a transaction valued at $1.1 billion.
Mergers and Acquisitions

Represented a public relations firm in its acquisition by a foreign buyer for aggregate cash consideration of approximately $23
million.

Represented a department store chain in its acquisition by a national chain in a transaction valued at approximately $50 mill ion.

Represented the founders of a medical device company in the acquisition of their stock by a public company in a transaction
valued at $6 million.

Represented a manufacturer of flow technology for piping and ducting systems in a $3.5 million acquisition of a Utah technology
company.

Represented the shareholders of a manufacturer of pre cast concrete products in the sale of their stock to a large national
company in a transaction valued at $17.2 million.
Clint M. Hanni
Professional Honors and Activities

Member, State Bar of California Business Law and International Law sections

Member, Utah State Bar Banking and Finance, Business Law, Corporate Counsel, and International Law sections

Member, American Bar Association Business Law and International Law sections

Member, Central Utah Bar
Presentations

"How to Negotiate Effectively with Your Bank to Restructure a Loan," Stoel Rives LLP, Salt Lake City, Utah, Feb. 2, 2010, and
May 26, 2010
Publications

"Loan Restructuring: Effective Negotiation for Borrowers," Bloomberg Law Reports, Oct. 2010

"Strike a Bargain: Negotiate to Modify a Loan," Utah Business magazine, Feb. 2010