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Philip J. Perzek Partner

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Chicago T +1 312 849 8270 F fax +1 312 698 4555
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Philip’s practice focuses on debt finance. He has substantial experience structuring and documenting revolving and term loan facilities, asset-based financings, receivables purchase agreements, and junior debt financings.

His practice also includes representing lenders in mezzanine, second lien and “unitranche” lending transactions. He also routinely represents secured and unsecured creditors in a variety of workouts, restructurings, bankruptcies and consensual foreclosure transactions.

Philip has extensive experience with cross-border secured financings, particularly those involving Canadian and U.K. law issues. He frequently represents lenders and borrowers in lending transactions in the healthcare industry.

Philip was named as a leading banking and finance attorney by Chambers USA from 2005-2023. He was also selected for inclusion in The Best Lawyers in America for banking and finance law each year from 2011-2023.

Philip is engaged in various pro bono legal representations and was selected as the winner of the 2023 McGuireWoods Pro Bono Partner Award for his work organizing and providing immigration services for Afghan refugees who arrived after the Taliban takeover.

Following law school, Philip clerked for the Honorable Nicholas J. Bua of the U.S. District Court for the Northern District of Illinois.

Experience

Asset-Based/Cash Flow Financings

  • Represent agent in $400 million syndicated asset-based loan facility for a leading metal recycling business.
  • Represent agent in $270 million syndicated term and revolving asset-based loan facility for a steel manufacturing concern.
  • Represent agent in $90 million cross-border credit facility for a U.S. and Mexican manufacturer of aluminum ladders and scaffolding products.
  • Represent agent in $75 million syndicated secured credit facility to a nationwide operator of funeral homes and cemeteries.
  • Represent agent in multitranche $750 million unsecured credit facility for a major defense contractor.
  • Represent agent in $225 million term and asset-based revolving credit facility for an oil refinery.
  • Represent lenders in various Islamic Shari’ah compliant term and revolving financings.

Healthcare Financings

  • Represent agent in $190 million construction, start up phase, and permanent term and revolving credit financing of group of 14 hospitals.
  • Represent lenders in $25 million second lien term loan to operator of home healthcare agencies.
  • Represent agent in $47 million revolving and term loan credit facility to an operator of rural community hospitals.
  • Represent agent in $73.6 million revolving and term loan credit facility for a home healthcare and hospice service provider.
  • Represent lender in $25 million revolving credit facility for a dental services management company.
  • Represent noteholders in $125 million convertible senior notes purchase from a healthcare insurance holding company.
  • Represent agent in $205 million term and revolving credit facility for a home healthcare and hospice provider.

Mezzanine, Unitranche & Second Lien Financings

  • Represent agent and last-out lender in $24.5 million unitranche loan facility for a credit card payment processing company.
  • Represent agent and first-out lender in $118 million unitranche term and revolving credit facility for a technology company.
  • Represent agent and last-out lender in $25.5 million unitranche term and revolving loan facility for an automotive parts manufacturing company.
  • Represent lender in $10 million second lien term loan facility for a graphic communications services company.
  • Represent lender in $12 million mezzanine loan to an Internet security services company.
  • Represent agent in $15 million subordinated term loan to retail store chain.
  • Represent agent in $15 million subordinated term loan to a publications distributor.

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