Elizabeth Besio Hardin is a partner in the New York office of Milbank, Tweed, Hadley & McCloy and a member of the Alternative Investments Practice Group and serves on the firm’s Women’s Initiative Committee.
Primary Focus & Experience
A partner since 1997, Ms. Hardin concentrates on secured finance transactions and has extensive experience in securitizing financial and hard assets in both domestic and cross-border transactions. She represents issuers, underwriters, swap counterparties, institutional investors, and structuring agents.
Ms. Hardin has acted as transaction counsel in many innovative transactions, including the first international securitization of forward oil sales, securitizing receivables generated from future sales of crude oil from Brazil, Argentina, Colombia, Nigeria and Trinidad. She also has comprehensive expertise in CDOs and CLOs, derivatives, international securities transactions, mortgage-based obligations, public and private auto loan and auto lease receivable securitizations, aircraft ticket securitizations, credit card securitizations and regularly acts as purchasers special counsel in private placement transactions.
Among her recent transactions:
- private offerings of debt securities, including most recently acting in a private placement of secured debt by Porterbrook Rail Finance, the UK rolling stock leasing business, and a number Australian infrastructure issuers
- public and privately placed ABS securities, including most recently acting in renewing and consolidating auto loan and auto lease securitizations of Chrysler Financial (current d/b/a TD Auto Finance) in Reg AB, repack private placements and commercial paper conduit financings
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structured financings and investments, including most recently acting in the refinancing of a facility secured by economic rights of the Michael Jackson Estate in the Sony ATV Music catalog, including the Lennon/McCartney Northern Songs
Recognition & Accomplishments
She is listed in Chambers USA in Capital Markets: Securitization. In addition, she is a Fellow of the American College of Investment Counsel and serves on the advisory board of the William & Mary Business Law Review.