Aperçu

Elizabeth Hermann Smith is a partner in Mayer Brown's Banking & Finance practice and a member of the Private Credit group. For more than a decade, she has counseled lenders in many areas of leveraged finance, representing a broad range of lending clients including private credit funds, finance companies, business development companies, asset managers and banks serving as administrative agents, collateral agents, lead arrangers and lenders in a variety of debt finance transactions. Elizabeth focuses her work on senior secured cash flow transactions, but has also worked in asset-based lending and mezzanine finance. Her experience spans a wide array of industries, with a particular emphasis on healthcare lending and franchise finance. She works with her clients to help strike the right balance between protecting their interests while remaining practical and efficient, and she prides herself on her ability to be flexible and to work with those across the aisle to find a solution. Prior to joining Mayer Brown, Elizabeth was a partner at another prominent international law firm.

Expérience

  • Represented a direct lending finance company as administrative agent and lender in senior secured credit facilities to support the acquisition by two private equity firms of an FDA-registered outsourcing pharmacy facility serving over 1,200 hospitals and health systems in the United States.
  • Represented an investment firm as administrative agent and lender in senior secured credit facilities to support the acquisition by a leading private equity firm of a dental services organization providing management services to dental practices in the Northeast and Mid-Atlantic.
  • Represented an asset manager as administrative agent, sole lead arranger and sole bookrunner in incremental senior secured credit facilities to support the acquisition by a private equity owned portfolio company specializing in specialized metal manufacturing of a full-service contract manufacturer of medical devices and CNC machined parts for medical devices, medical equipment and related applications.
  • Represented an asset management firm as administrative agent and lead arranger in senior secured credit facilities to refinance outstanding debt of, and provide funds for anticipated acquisitions and initiatives by, a health and science marketing and communications company.
  • Represented the sponsor finance group at an international bank as administrative agent in senior secured credit facilities to support the acquisition by a leading private equity firm of a national network of gastroenterologists and other medical practitioners specializing in the treatment of gastrointestinal disorders, nutrition, and digestive health.
  • Represented an asset manager as administrative agent, sole lead arranger and sole bookrunner in senior secured credit facilities to support the acquisition by an investor group led by a private equity firm of a company specializing in the development and management of centers of excellence for amputation prevention, wound management and hyperbaric medicine.
  • Represented the sponsor finance group at an international bank as administrative agent in senior secured credit facilities to support the equity recapitalization of a private equity owned portfolio company which provides an integrated care delivery model to more than 22,000 high-risk, chronically ill patients residing in senior living, community, and other home-based settings.
  • Represented a middle market private credit institution as administrative agent, sole lead arranger and sole bookrunner in senior secured credit facilities to support a private equity owned dental management company in multiple acquisitions of dental practices.
  • Represented the sponsor finance group at an international bank as administrative agent in senior secured credit facilities to support the merger of two separate private equity owned portfolio companies to create a leading national company specializing in the provision of complex rehabilitation equipment tailor-made for individuals with permanent or long-term mobility loss.
  • Represented the sponsor finance group at an international bank as administrative agent in senior secured credit facilities to support the acquisition by a private equity firm of a leading specialty laboratory focused on diagnosing chronic illnesses in four key clinical areas of gastrointestinal, nutrition, immunology and endocrinology.
  • Represented a multinational bank as administrative agent, lead arranger and lead lender in a multicurrency senior secured credit facility to support the acquisition of a particular fitness brand’s largest franchisee (with multiple locations in the US and Canada) by a private equity sponsor.
  • Represented an investment firm as administrative agent, lead arranger and lead lender in a first lien credit facility to support the acquisition by a private equity firm of a multi-location company of addiction treatment centers, as well as in workout negotiations amongst the bank group, the second lien lenders, the private equity firm and the company and in an eventual debt sale and agency transfer.
  • Represented a bank as administrative agent, lead arranger and lead lender in a senior secured credit facility to support the acquisition of a large multi-location restaurant franchisee by a private equity sponsor.
  • Represented an asset management firm direct lending institution as administrative agent, lead arranger and lead lender in a senior secured credit facility to support the ongoing operations of a multi-brand franchisor company in the spa, beauty and fitness industries.
  • Represented a multinational bank as administrative agent, lead arranger and lead lender in a series of senior secured credit facilities to support the acquisitions of various medical practice and healthcare companies by a private equity sponsor.
  • Represented an investment firm as administrative agent, lead arranger and lead lender in a senior secured credit facility to support the acquisition of a lock and security manufacturer by a private equity sponsor.
  • Represented a bank as administrative agent and lender in an asset-based loan to a chocolate and gift manufacturer, retailer and fundraising company to support ongoing working capital, liquidity and other needs.
  • Represented a bank as lender in an asset-based loan to a defense and security company to support ongoing working capital, liquidity and other needs.
  • Represented a boutique investment firm as lead note purchaser in mezzanine notes provided to support the acquisition by a private equity firm of the premier provider of learning, performance and process solutions for the life sciences industry.
  • Represented an investment firm as administrative agent and lead lender in mezzanine financing to support the acquisition of a premier textile manufacturer by a leading private equity sponsor, as well as in extensive workout negotiations and modifications.
  • Represented the sponsor finance group of a multinational bank as the administrative agent, lead arranger and lead lender in a senior secured credit facility to support the acquisition of a Mediterranean food manufacturer by a leading private equity sponsor.

Formation

Columbia University, MA

DePaul University College of Law, JD, summa cum laude
Order of the Coif; Dean's Certificate of Pro Bono Service

Yale University, BA

Inscription au Barreau

Barreau

  • Illinois

Affiliations

  • Board Member, Center for Conflict Resolution
  • Associate Board Member, Development Advisory Board Member and Volunteer, One Tail at a Time
  • Emerging Lawyer, 2019, by Leading Lawyers, a division of Law Bulletin Media
  • Dealmakers of the Year, 2018, by Franchise Times