Laura E.Bader

Partner

Chicago + 1.312.269.4190

Laura Bader has two decades of experience counseling clients in connection with institutional investment and ERISA (Employee Retirement Income Security Act) fiduciary matters, including with respect to the "plan asset" rules and VCOC (venture capital operating company) and REOC (real estate operating company) structuring.

Laura's experience includes structuring and negotiating private equity, real estate, and other private funds for fund sponsors as well as for institutional investors. She also has counseled ERISA plans, investment managers, and a variety of pooled investment vehicles on ERISA compliance and fiduciary matters. Representative clients include the Morgan Stanley Real Estate Funds, The Riverside Company, and Westbrook Partners.

Experience

  • PNC Bank leads syndicate of lenders on amendment, restatement, and increase of existing syndicated senior secured credit facility for ICF International, Inc.; ICF Consulting Group, Inc.; and certain of their affiliatesJones Day represented PNC Bank, National Association, as administrative agent, in connection with the amendment, restatement, and increase of an existing syndicated senior secured revolving credit, term loan, and delayed draw term loan facility for ICF International, Inc., ICF Consulting Group, Inc., and certain of their affiliates.
  • Digital currency platform obtains revolving credit facilityJones Day represented a digital currency platform in connection with an asset-based revolving loan secured by and tied to the value of bitcoin collateral.
  • Subsidiary of diversified multinational company enters into $1.25 billion credit facilityJones Day represented a subsidiary of a diversified multinational company in connection with a $1.25 billion unsecured and syndicated revolving credit facility.
  • Agriculture company obtains $2 billion credit facilityJones Day represented an agriculture company in connection with a $2 billion credit facility.
  • Diversified multinational company obtains $2 billion credit facilityJones Day represented a diversified multinational company in connection with a $2 billion 364-day syndicated revolving credit facility.
  • Gilde Healthcare establishes Gilde Healthcare Private Equity IVJones Day advised Gilde Healthcare Partners B.V. in the establishment of Gilde Healthcare Private Equity IV, a private equity fund that invests in profitable healthcare companies operating in the lower mid-market in North-west Europe.
  • Oncor Electric Delivery Company obtains $1.3 billion credit facilityJones Day represented Oncor Electric Delivery Company LLC, Texas's largest transmission and distribution electric utility and the fifth largest in the United States, in connection with a $1.3 billion term loan credit facility.
  • Private credit lender provides $105 million credit facility to owner of upstream oil and gas assets located in Permian Basin of Texas and New MexicoJones Day advised a private credit lender in the structuring and negotiation of a $105 million senior secured term loan and revolving credit facility provided to an owner of upstream oil and gas assets located in the Permian Basin of Texas and New Mexico.
  • Sky Island Capital forms Sky Island Capital I LPJones Day represented Sky Island Capital in connection with the formation of Sky Island Capital I LP.
  • Nutrien completes $300 million tender offer and redemption of $1.8 billion of debt securitiesJones Day represented Nutrien Ltd., the world's largest provider of crop inputs and services, in connection with the tender offer by Nutrien Ltd. and its wholly-owned subsidiaries, Agrium Inc. and Potash Corporation of Saskatchewan Inc., to purchase for cash up to $300 million in aggregate purchase price of their respective debt securities.
  • MassMutual provides $900 million NAV-based senior secured loan agreement to secondary private equity fundJones Day represented Massachusetts Mutual Life Insurance Company in connection with a $900 million NAV-based senior secured loan agreement to a secondary private equity fund, the proceeds of which will be used to fund the purchase of limited partner interests and capital calls.
  • Prophet MSR Opportunities forms new private fund for acquiring mortgage servicing rightsJones Day advised Prophet MSR Opportunities LP on its formation and marketing of a new private fund focused on acquiring mortgage servicing rights.
  • Eldridge Industries provides senior secured term loan credit facility to Digital Currency Group, Inc.Jones Day advised Eldridge Industries, LLC, as administrative agent and lead arranger, on a senior secured term loan credit facility provided to Digital Currency Group, Inc. (“DCG”).
  • Wells Fargo provides $955 million senior unsecured credit facilities to Orion Office REIT LPJones Day represented Wells Fargo, National Association, as administrative agent, in connection with a $600 million senior unsecured term loan and revolving credit facility and a $355 million senior unsecured bridge term loan credit facility provided to Orion Office REIT LP.
  • Climate Fund Managers announces first close of CI2, its second global climate fund, at $675 millionJones Day represented Climate Fund Managers (CFM) with the structuring, establishment, fund raising and first closing of the new fund, CI2 Construction Equity Fund, that invests in water, sanitation and oceans infrastructure projects in Africa, South and South East Asia, and Latin America.
  • Webster Bank provides $40 million credit agreement to Great Kitchens Food CompanyJones Day represented Webster Bank, N.A., as administrative agent, in connection with a $40 million credit agreement, consisting of a $10 million revolving credit facility and $30 million term loan facility, provided to Great Kitchens Food Company.
  • Wells Fargo provides $260 million term loan secured by multifamily residential building located in Chicago, IllinoisJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $260 million term loan secured by a multifamily residential building containing 626,633 net rentable residential square feet, 3,631 net rentable retail square feet, and parking for 198 vehicles located in Chicago, Illinois.
  • EagleTree Capital acquires LigneticsJones Day advised EagleTree Capital in connection with the acquisition and financing of Lignetics, Inc., the largest consumer-focused wood pellet manufacturer in the U.S., from Taglich Private Equity and Mill Road Capital.
  • Milliken & Company completes Senior Notes offeringJones Day represented Milliken & Company, an industrial manufacturer that is active in a breadth of disciplines, including specialty chemical, floor covering, performance, and protective textile materials, in connection with its private placement of Senior Notes and revolving credit facility.
  • Cube Infrastructure Fund III reaches €1.0 billion first closeJones Day represented Cube Infrastructure Managers in the first closing of Cube Infrastructure Fund III, a €1.0 billion Luxembourg fund.
  • Speaking Engagements

    • November 2019
      ERISA and Tax Considerations in Securitization Transactions, Securitization Law, guest lecturer, Loyola University of Chicago School of Law
    • March 19, 2018
      PLI's ERISA Plan Investments in Financial Markets 2018: The Fundamentals
    • October 2017
      ERISA and Tax Considerations in Securitization Transactions, Securitization Law, guest lecturer, Loyola University of Chicago School of Law
    • May 2017
      Current Topics for Investment Managers of ERISA Plans," Pension Plan Investments 2017 - Current Perspectives, panelist, Practising Law Institute
    • March 2015
      ERISA and Tax Considerations in Securitization Transactions, Securitization Law, guest lecturer, Loyola University of Chicago School of Law
    • April 2014
      Current Fiduciary Issues, Pension Plan Investments 2014 - Current Perspectives, panelist, Practising Law Institute
    • March 2014
      ERISA and Tax Considerations in Securitization Transactions, Securitization Law, guest lecturer, Loyola University of Chicago School of Law
    • April 2013
      Current Fiduciary Issues," Pension Plan Investments 2013 - Current Perspectives, panelist, Practising Law Institute
    • May 2007
      Regulatory Developments - How Do They Hinder or Help Marketing to Investors?, panelist, SRI Private Equity Marketing and Branding Forum
    • November 2004
      Real-Estate Related Private Equity - Trends and Issues, Illinois Venture Capital Association CFO Summit