Whether used to fuel growth through acquisitions or capital expenditures, finance dividends and distributions to equity holders or improve liquidity, stabilize cash flows or mitigate short-term distress, debt finance is the core of almost every corporate capital structure. 

Our Private Debt and Alternative Finance team coordinates with our Private EquityVenture Capital, Health Care ServicesCorporate and TransactionalLife Sciences, Technology, FinTech and other award-winning practices across our broad network to provide responsive, commercial and expert guidance. Our seasoned attorneys and professionals have several years of experience advising credit funds, private equity sponsors, business development companies (BDCs), investment funds, hedge funds and other nonbank lenders on a wide variety of complex private debt transactions. We also advise new ventures, corporate borrowers of all sizes, distressed entities, and other market participants in need of financing of all sizes and complexity.

Because we are immersed in the debt capital markets and because we represent lenders, corporate borrowers and financial sponsors, our attorneys are able to market-test new debt finance structures and advise on market trends and terms in real time. We possess in-depth knowledge and understanding of each level of the capital structure, including as it pertains to senior secured, first lien/second lien, subordinated, mezzanine and unitranche facilities. We also regularly help our clients navigate various intercreditor issues. 

We are deeply involved at every phase of the life cycle of the financing, including originating the debt, the day-to-day administration of the debt, restructuring existing debt, and dealing with enforcement issues and financings in bankruptcy.

Our team’s experience encompasses all forms of the following:

  • Acquisition Finance
  • Bank Holding Company Financing
  • Capital Call Facilities
  • Direct Lending
  • Distressed Debt and Restructuring Finance
  • Factoring
  • Fund Finance
  • Insurance Premium Finance 
  • Leveraged Buyout (LBO) Finance
  • Mezzanine Debt
  • Portfolio Company/Borrower Representation
  • Private Equity
  • Special Situations
  • SPV Finance
  • Subscription Line Facilities
  • Venture Capital


Our Private Debt and Alternative Finance clients include:

  • BDCs
  • Companies
  • Credit Funds
  • Family Offices
  • Hedge Funds
  • Insurance Companies
  • Investment Funds
  • Private Equity Sponsors
  • SMEs
  • SPACs
  • Venture Debt Funds
  • Other Nonbank Lenders
  • Represent middle market workforce management solutions company owned by a Chicago-based private equity sponsor in connection with an acquisition-related amendment and facility increase to an existing senior secured credit facility.
  • Represent middle market physical therapy company acquired by a Chicago-based private equity sponsor in connection with an <$100,000,000 senior secured credit facility.
  • Represent middle market sports performance supplements company and its private equity owner in connection with the workout and restructuring of its existing senior secured credit facility and multiple tranches of junior debt.
  • Represent middle market third party benefits administration company acquired by a Chicago-based private equity sponsor in connection with an <$100,000,000 senior secured credit facility.
  • Represent middle market personalized medicine company acquired by a Chicago-based private equity sponsor in connection with a senior secured credit facility.
  • Represent middle market veterinary practice acquired by a Chicago-based private equity sponsor in connection with an $85,000,000 senior secured credit facility.
  • Represent middle market commercial food manufacturer owned by a Chicago-based private equity sponsor in connection with a senior secured credit facility.
  • Represent middle market personal care manufacturer acquired by a Chicago-based private equity sponsor in connection with a senior secured credit facility.
  • Represent middle market marketing and digital production services company acquired by a Chicago-based private equity sponsor in connection with an <$100,000,000 senior secured credit facility.
  • Represent a regional bank in connection with obtaining debt financing.
  • Represent a joint venture affiliate of a Major League Baseball team in connection with multiple debt financing facilities.
  • Represent a Major League Soccer team in connection with obtaining debt financing.
  • Represent the agent on a first lien senior secured credit facility in a take private transaction of a footwear brand lead by an East Coast private equity sponsor and negotiate intercreditor terms with the second lien debt providers.
  • Represent the agent on a senior secured credit facility supporting Boston-based private equity company’s acquisition of a national document management and storage company.
  • Represent the agent on a senior secured credit facility supporting an Atlanta-based private equity company’s acquisition of a regional fast-casual restaurant chain.
  • Represent the agent on a senior secured credit facility supporting an Atlanta-based private equity company’s acquisition of an international pet supplies retailer.
  • Represent the agent on a senior secured credit facility supporting a Los Angeles-based private equity company’s acquisition of a wine importer.
  • Represent the agent under a second lien senior secured credit facility in connection with the refinancing of a rail transportation company owned by a West Coast private equity sponsor and negotiate intercreditor terms with the first lien lenders.
  • Represent a commercial bank in connection with the workout and restructuring of an existing secured loan facility made available to a heavy equipment manufacturer.
  • Represent a commercial bank in connection with the workout and restructuring of an existing secured loan facility made available to a commercial food manufacturer and negotiate restructuring terms with multiple tranches of junior debt.
  • Advised a global credit investment platform on and relating to a USD 293 million and CAD 26 million unitranche term loan credit facilities to a private equity sponsor connected with an acquisition financing involving U.S. and Canadian entities.
  • Advised a global credit investment platform on and relating to a USD $240 million senior secured term loan and a USD 15 million revolving credit facility to an enterprise information management and IT system management solutions company.
  • Advised a global credit investment platform connected with a USD 250 million senior secured second-lien term loan facility to a distressed energy company with assets in Africa, Asia, Australia, Central America, Europe and South America.
  • Advised a private equity and venture capital firm focused on biopharmaceuticals, medical devices, diagnostics and health care services, on a USD 100 million bridge to a permanent senior secured term loan facility to a pharmaceutical research and development company in the Netherlands.
  • Advised a foreign-based credit investment platform on a USD 8.5 million second-lien term loan to a U.S. based fintech SME.
  • Advised a Nebraska-based private equity fund connected with the financing used to acquire a food manufacturing business.
  • Advised a Texas-based private equity fund in connection with obtaining a subscription-based line of credit from a bank.
  • Advised a Florida-based private equity fund in connection with the financing used to acquire an industrial supply company and related post-acquisition financing transactions.
  • Advised a Chicago-based private equity fund’s portfolio company in various post-acquisition financing transactions, including a working capital facility and a term loan to finance a dividend recapitalization.