Clayton represents agents, lenders, borrowers, private-equity firms, and debt funds in connection with senior secured and unsecured commercial loan facilities (including enterprise-value and asset-based facilities), second-lien loan facilities, and mezzanine loan facilities.
He has related experience in transactions involving acquisition financing, real estate financing (including construction), the healthcare industry, and the energy industry. He also represents companies in corporate transactions, including mergers and acquisitions, strategic business alliances, and general governance issues.
Experience
- Representation of commercial bank in senior secured revolving and term-loan credit facilities for nephrology practice and practice-management services provider
- Representation of a Fortune 30 financial institution in a $400 million syndicated, asset based revolving credit facility to a scrap metal recycler and broker.
- Representation of a national specialty lender in senior secured revolving and term loan credit facilities to operators of and investors in skilled nursing facilities, assisted living facilities, outpatient surgery centers, for-profit and not-for-profit hospitals, laboratory services companies, and home health services companies.
- Representation of a private-equity firm in a mezzanine loan and equity co investment to support acquisitions of colorant and pigment dispersion businesses.
- Representation of a Fortune 30 financial institution in a $270 million syndicated, asset based revolving and term loan credit facility to a producer of welded and seamless pipe and premium connections.
- Representation of a Fortune 30 financial institution in a $250 million syndicated, asset based revolving credit facility to a manufacturer and distributor of wood products, paper products, and building materials.
- Representation of an independent refiner and marketer of petroleum products in a restructuring of certain of its petroleum-logistics assets into, and the formation, capitalization, and initial public offering of, a master limited partnership and a related $150 million working-capital facility from a Fortune 20 financial institution.
- Representation of a Fortune 30 financial institution in a $200 million syndicated, multijurisdictional enterprise-value term loan and letter of credit facility secured by a combination of food, automotive, recreation, and international professional sporting enterprises.
- Representation of a Fortune 20 financial institution in a $35 million asset-based revolving credit facility for a Tier 1 automotive supplier.
- Representation of a commercial bank in senior secured revolving and term loan facilities in connection with the spin-off and acquisition of a supplier of dry sausage and other meat products (including factory expansion).
- Representation of a Fortune 20 financial institution in a $400 million revolving credit facility to a petroleum products refiner and marketer.
- Representation of a commercial bank in senior secured revolving and term-loan credit facilities in connection with the acquisition of a wholesale supplier of electrical equipment.
- Representation of commercial bank in purchase of bank-qualified bonds issued for, and revolving credit facility to, a religious order.
- Representation of a Fortune 20 financial institution in several equipment financing facilities for build-outs of specialty hospitals, outpatient surgery centers, and radiology centers.
- Representation of a commercial bank in senior revolving, term, and equipment loan facilities for a manufacturer of electronic transmission and drive-train control components and systems.
- Representation of a private equity firm in a mezzanine loan and equity co investment to support acquisitions of manufacturers of consumer outdoor play sets.
- Representation of a commercial bank in asset-based revolving, term, and equipment loan facilities for a manufacturer and marketer of branded food products.
- Representation of commercial bank in an acquisition- and construction-loan facility to a developer of fitness centers.
- Representation of a SEC-registered investment advisor as the lender in a $221 million loan secured by hedge instruments and forward contracts associated with the borrower’s long-term interest-rate hedging strategy.
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University of Illinois College of LawJD
magna cum laude, Editor in Chief, Journal of Law, Technology & Policy
2006 - University of Illinois College of BusinessMBA2006
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Lake Forest CollegeBAEconomics, History
summa cum laude, Phi Beta Kappa
2001
Member, American Bar Association
Member, Young Professionals of Chicago
- Guest Speaker, "The Importance of Cultivating Borrower-Lender Relationships," Across the Table, A Healthcare Private Equity Podcast, August 25, 2021
- Speaker, "A Debt Finance Podcast ," Yield Maintenance: A Debt Finance Podcast, Ongoing Series
- Presenter, "The Ins and Outs of the Main Street Lending Program," Yield Maintenance: A Debt Finance Podcast, July 6, 2020
- Speaker, Fintech Happy Hour, February 12, 2020
- Moderator, "Debt Finance on Independent Sponsor Transactions," 2018 Independent Sponsor Conference, October 3, 2018
- Speaker, "Evaluating the Financial Aspects of JV Opportunities and their Legal Issues," 12th Annual Business and Legal Issues in Dialysis and Nephrology Symposium, May 15, 2014
- Illinois
- Wisconsin
Named to “Illinois Rising Stars,” Banking, Business/Corporate, Super Lawyers, Thomson Reuters, 2014-2019
- Author, SEC Signals Enhanced Focus on Crypto Assets by Expanding the Enforcement Unit Tasked With Protecting Crypto Markets, Consumer FinSights, May 3, 2022
- Author, Fed: Let’s Talk Central Bank Digital Currencies, Consumer FinSights, February 7, 2022
- Author, Biden Administration to Focus on Cryptocurrency as Working Group Issues Report on Stablecoins, Consumer FinSights, December 7, 2021
- Author, End of the Road: Federal Reserve Issues Guidance for Winding Down Main Street Lending Program, McGuireWoods Legal Alert, November 25, 2020
- Author, Main Street Lending Program Opens to Nonprofits, Multiborrower Loans, McGuireWoods Legal Alert, November 12, 2020
- Author, Federal Reserve Extends, Expands Main Street Lending Program, McGuireWoods Legal Alert, July 31, 2020
- Author, Federal Reserve Updates Main Street Lending Program Guidance Following Launch, McGuireWoods Legal Alert, July 17, 2020
- Author, Main Street Lending Program Now Open, McGuireWoods Legal Alert, July 6, 2020
- Author, Federal Reserve Opens Main Street Lending Program to Lenders, Releases Nonprofit Proposals, McGuireWoods Legal Alert, June 18, 2020
- Author, Federal Reserve Tweaks Terms of Main Street Lending Program Ahead of Launch, McGuireWoods Legal Alert, June 12, 2020
- Author, Main Street Lending Program: (Almost) Open for Business, McGuireWoods Legal Alert, May 29, 2020
- Author, Federal Reserve Expands Scope of the Main Street Lending Program, McGuireWoods Legal Alert, May 1, 2020
- Author, Main Street Lending: How Public Companies Should Prepare to Borrow Under These CARES Act Programs, McGuireWoods Legal Alert, April 14, 2020
- Author, U.S. Business Relief During COVID-19 (Part II): SBIC Debentures for Small Businesses, McGuireWoods Legal Alert, March 19, 2020
- Author, U.S. Business Relief During COVID-19 (Part I): Low-Interest Economic Injury Disaster Loans, McGuireWoods Legal Alert, March 19, 2020
- Author, Key Takeaways From the McGuireWoods 2018 Independent Sponsor Conference, McGuireWoods Legal Alert, December 3, 2018
- Contributor, McGuireWoods Independent Sponsor Conference: Several Factors Drive Explosive Growth, The Texas Lawbook, November 6, 2018
- Author, Enforcing a Security Interest in Domain Names, McGuireWoods Legal Alert, February 7, 2018
- Author, "From Longitude to Altitude," Journal of Law, Technology & Policy, 2007