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September 13, 2017

King & Spalding Advises Goddard on ERISA Issues


King & Spalding advised a fund with benefit plan investors with respect to the ERISA issues presented by its entry into a credit agreement with a major lender. King & Spalding (i) analyzed the prohibited transaction issues presented by the draft agreement and negotiated revisions to its ERISA-related provisions and (ii) drafted the opinion letter required by the lender under the credit agreement addressing the plan asset status of the fund and the resolution of the prohibited transaction issues presented by the credit arrangement.