COMMERCIAL RECOGNIZED BY

Our Clients  Chambers USA o Banking & Finance (Nationwide) 2019, The members of Katten's Commercial Finance practice 2018 represent creditors and debtors in complex finance  The Legal 500 United States transactions, providing sophisticated, practical, cutting- o Commercial Lending: Advice to Lenders edge, creative and seasoned counsel to banks, finance 2019, 2018 companies, funds, structured investment vehicles, and o General Commercial Disputes 2019 public and private businesses. The group is recognized  U.S. News – Best Lawyers® “Best Law Firms” consistently for the breadth and depth of its experience o Banking and Finance Law (National, and institutional knowledge, as well as for its diverse Chicago) 2019, 2018 clientele, market awareness and exposure, and commercial approach. Clients include lead arrangers, administrative agents, secured and unsecured creditors, proprietary lenders, junior capital providers and borrowers.

Our Services

The Commercial Finance team works closely with our  Cash flow other practices to provide well-rounded, informed analyses of issues that affect the lending industry, from  Asset-based tax and health care regulatory matters to developments  First lien/second lien in bankruptcy laws and creditors' rights. We partner with  Unitranche our Private , Health Care, Transactional Tax Planning, Employment Law and Litigation, Financial  Mezzanine and warrants/equity kickers Services and Real Estate practices to develop  Preferred equity individualized strategies to meet our clients' unique  Equity co-investments business objectives, while advising them throughout all facets of deals.  Private investment in public equity (PIPE)

We provide counsel on a wide range of financings,  Distressed including:  Bridge

 Senior secured  Domestic  Unsecured  Cross-border, multinational and multi-currency

facility to a leading provider of credit card transaction "I can't speak highly enough of the firm and processing services. Proceeds of the facilities were of the individuals we work with." used to finance the acquisition of the company by a ————— nationally recognized sponsor, as well Chambers USA 2016 as to provide ongoing working capital. (Illinois Banking & Finance)  Representation of the administrative agents, collateral agents, sole lead arranger and sole in connection with a $318 million first With notable experience representing various parties lien credit facility, $156.125 million second lien credit throughout the spectrum and in facility and $34.8 million unsecured holds loan negotiating intercreditor and subordination facility to a leading national designer and marketer arrangements, Katten's Commercial Finance team of branded products targeting consumers with provides insightful counsel on structurally complex deals. active, outdoor lifestyles. Proceeds of the facilities were used to finance the acquisition of the company Our Experience by a nationally recognized private equity sponsor,  Representation of the administrative agent, joint lead refinance debt and provide ongoing working capital. arranger and joint bookrunner in connection with a  Representation of the administrative agent and $1.3 billion senior credit facility to a national bag and lenders in a $290 million senior secured unitranche specialty packaging company. Proceeds of the credit facility to facilitate the leveraged of a facility were used to support the acquisition of a leading manufacturer of sealants, primers and leading flexible packaging and specialty laminations cements. Proceeds of the loan were used to company and retire existing senior secured notes. consummate the acquisition, refinance existing debt  Representation of the administrative agent, sole and for general working capital purposes. bookrunner and co-arranger in connection with loans  Representation of an administrative agent in to a public integrated energy company. The credit connection with a $285 million senior secured credit facility consisted of a $1 billion committed acquisition facility to a leading polyethylene tank manufacturer. line of credit. Proceeds of the facility were used to Proceeds of the facility were used to consummate finance the acquisition of another multi-state electric the acquisition, refinance existing debt and provide and gas utility. ongoing working capital.  Representation of an administrative agent in  Representation of the administrative agent, joint lead connection with a $555 million senior secured credit arranger and co-bookrunner in connection with (1) a facility to a leading designer and supplier of $275 million first lien senior secured credit facility packaging solutions. Proceeds of the facility were and (2) a $145 million second lien senior secured used to consummate the acquisition, refinance credit facility to a national pharmaceutical products existing debt and provide ongoing working capital. company in connection with the acquisition of a  Representation of the administrative agent, joint feminine products line from a Fortune 50 company. and lenders in connection with a $432 Proceeds of the facilities were used to consummate million senior secured credit facility to facilitate the the acquisition, refinance existing debt and provide of a national and international ongoing working capital. sportswear manufacturer. Proceeds of the facility  Representation of the administrative agent, joint lead were used to consummate the acquisition, refinance arranger and joint lead bookrunners in an "amend existing debt, and provide ongoing working capital and extend" of a $259.3 million senior secured credit and funds for future acquisitions. facility to an international distributor of hardware  Representation of the administrative agents, products. collateral agents, joint bookrunner and joint lead  Representation of the administrative agent, joint lead arranger in connection with a $360 million first lien arranger and sole bookrunner in connection with (1) credit facility and $135 million second lien credit a $233 million first lien senior secured credit facility

and (2) a $104 million second lien senior secured were used to consummate the acquisition, refinance credit facility to facilitate the leveraged buyout of an existing debt, and provide ongoing working capital international provider of sampling, data collection and funds for future acquisitions. and data analytic services. Proceeds of the facilities  Representation of the administrative agent, joint lead were used to consummate the acquisition, refinance arrangers, joint bookrunners and lenders in existing debt and provide ongoing working capital. connection with a $180 million senior secured credit  Representation of the joint lead arranger, joint facility to facilitate the merger of two portfolio bookrunner, syndication agent and lender in companies of two nationally recognized private connection with a $225 million senior secured credit equity sponsors. Proceeds of the facility were used facility to facilitate the leveraged buyout of a foreign- to refinance debt and provide ongoing working based, NASDAQ-listed designer and provider of capital and funds for future acquisitions. The capital client/server products for electronic payments. structure also included $50 million of subordinated Proceeds of the facility were used to consummate debt. the acquisition, refinance existing debt, and provide  Representation of the administrative agent, co-lead ongoing working capital and funds for future arranger and joint bookrunner in connection with a acquisitions. Katten also represented the $175 million and €49 million multi-currency senior administrative agent, joint lead arranger, joint secured credit facility to a manufacturer and bookrunner and lender in the refinanced credit distributor of plastic components. Proceeds of the facility, which facilitated the acquisition of a domestic facility were used to finance the acquisition by the developer and provider of money transfer and company of a similarly sized foreign target and to payments technology solutions. provide ongoing working capital to the company and  Representation of an administrative agent in its foreign subsidiaries. Other debt in the capital connection with a $220 million first lien senior structure included $43 million of . secured credit facility to a leading manufacturer of  Representation of the administrative agent, sole lead parts and assemblies for the aircraft and aerospace arranger and sole bookrunner in connection with a industry. Proceeds of the facility were used to $162 million senior secured credit facility to a consummate the acquisition, refinance existing debt leading provider of enterprise resource planning and and provide ongoing working capital. e-commerce systems software. Proceeds of the  Representation of the administrative agent, sole lead facility were used to refinance existing debt and arranger and sole bookrunner in connection with provide ongoing working capital. The senior secured multi-currency cross-border first lien revolving credit credit facility was structured as a unitranche facility facilities to a leading international provider of with "first out/last out" loans documented under a industrial heat-tracing solutions. Other debt in the separate agreement among lenders. capital structure included $210 million of second lien  Representation of a seller in connection with a $150 secured high-yield notes. million commercial loan participation program  Representation of an administrative agent in structured as true sales of participations in secured connection with a $210 million senior secured credit commercial loans. facility to a leading provider of specialty medical  Representation of the agent, joint lead arranger and services to insurance payers. Proceeds of the facility joint bookrunner in connection with a $132 million were used to consummate an acquisition, refinance senior secured credit facility, the proceeds of which existing debt and provide ongoing working capital. were used to acquire a national provider of  Representation of the administrative agent, joint rehabilitation services, refinance existing debt and bookrunners and lenders in connection with a $185 for working capital purposes. The capital structure million senior secured credit facility to facilitate the also included $27 million of subordinated leveraged buyout of a national and international indebtedness. franchisor of several different concepts in the  Representation of the administrative agent and sole automobile aftermarkets. Proceeds of the facility lead arranger in connection with senior secured

credit facilities to the nation's leading full-service  Representation of the administrative agent and event rental company. The credit facilities consisted noteholders in connection with a $51 million secured of a $128 million term loan, a $15 million revolving subordinated notes issuance to a US-based global loan and a $45 million acquisition loan. Proceeds of strategic consulting firm. Proceeds of the notes were the facilities were used at closing to refinance debt used to refinance existing senior secured term debt and finance the acquisition of the company by a and for general corporate purposes. Other debt in nationally recognized private equity sponsor, which the capital structure included $50 million of senior has served—and will continue to serve—as a secured revolving commitment and $7 million of platform for the company's consolidation strategy in junior subordinated notes. the market going forward. Other debt in the capital  Representation of the administrative agent, lead structure included up to $75 million of unsecured arranger and bookrunner in connection with mezzanine debt provided by an affiliate of a restructuring a multi-currency cross-border nationally recognized hedge fund. transaction to reallocate commitments between  Representation of the administrative agent, joint lead domestic and international facilities and providing arranger and joint bookrunner in connection with a consent to, and incorporating, an off-shore strategic $115 million senior secured credit facility provided to acquisition and a corporate reorganization involving a national specialty pharmacy and health care a multi-tranched capital structure. services company. Proceeds of the facility were  Representation of the global administrative agent used to support management and the private equity and sole lead arranger in connection with a senior sponsor in taking the company private, refinance secured DIP credit facility to a tool manufacturer and existing debt and provide ongoing working capital. distributor. Proceeds of the DIP facility were used to  Representation of the administrative agent, lead provide ongoing working capital during the course of arranger, bookrunner and lenders in connection with Chapter 11 proceedings. a $98 million senior secured credit facility to facilitate  Representation of an administrative agent in a dividend to private equity owners connection with a senior secured credit facility to a of a multi-state restaurant concept with more than tool manufacturer and distributor exiting proceedings 1,250 franchised locations. Proceeds of the facility under Chapter 11 of the US Bankruptcy Code. were used to finance the dividend, refinance existing Proceeds of the exit facility were used to finance the debt, and provide ongoing working capital and funds acquisition of the company by a nationally for future expansion. recognized private equity sponsor, refinance debt  Representation of the administrative agent, co-lead and provide ongoing working capital. arranger and co-bookrunner in connection with a  Representation of an NBA franchise and buyers in $55 million multi-currency senior secured credit connection with a two-step, multi-faceted financing facility to a manufacturer and distributor of products comprising (1) a short-term bank facility used for used in connection with breast biopsies and related purposes of refinancing existing debt and providing procedures. Proceeds of the facility were used to ongoing working capital in connection with the finance the acquisition of the company by a acquisition of the franchise and (2) a subsequent nationally recognized equity sponsor and to provide two-tier note inclusive of holds ongoing working capital to the company and its and teamco note issuances to fully utilize flexibility foreign subsidiaries. The facility was secured by under NBA debt policies, the proceeds of which pledges of of certain Mexican, European and were used to refinance the short-term bank facility. Far Eastern subsidiaries, and by guarantees from such subsidiaries secured by liens on their respective assets under applicable foreign law.