Mary M.Reil

Counsel

Cleveland + 1.216.586.7712

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Mary Reil has 35 years of experience partnering with clients to design and implement employee benefit plans that achieve their objectives in a cost-effective manner. She regularly counsels clients with respect to day-to-day administration of their qualified pension (defined benefit and cash balance) plans, 401(k) plans, ESOPs, nonqualified deferred compensation arrangements, severance plans, and welfare benefit plans. Mary has worked with both for-profit and not-for-profit clients in a broad range of industries including automotive, energy, health care, pharmaceutical, construction, agriculture, and entertainment.

Mary has guided many plan sponsors through the IRS error correction program (EPCRS) and Department of Labor correction programs (VFCP and DFVCP) with successful outcomes. A recent success involved negotiating with IRS for a correction under which a plan sponsor with potential exposure in excess of $2 million for operational errors was not required to make any corrective contribution to its defined contribution plan. Mary also has experience advising purchasers and sellers in M&A transactions and joint ventures, in particular, helping purchasers find practical solutions respecting the integration of employee benefit programs post-closing. She also has experience advising businesses with respect to the unique employee benefits and executive compensation issues that arise in connection with bankruptcy and restructuring.

Mary served as vice chair of the Fiduciary Responsibility, Administration and Litigation Committee of the Employee Benefit Plans and Other Compensation Arrangements Group of the American Bar Association Section of Real Property, Probate and Trust Law. She is also a member of the Ohio State Bar Association, the Cleveland Metropolitan Bar Association, and the WEB Worldwide Employee Benefits Network.

Experience

  • Webster Bank provides revolving credit facility to Anasazi Medical Payment Solutions, Inc. d/b/a Advanced Medical Pricing SolutionsJones Day represented Webster Bank, N.A. as administrative agent, lender, and letter of credit issuer, in connection with its credit agreement with Anasazi Medical Payment Solutions, Inc. d/b/a Advanced Medical Pricing Solutions, an Arizona corporation and the owner of a network of providers of healthcare cost management services in the United States.
  • Direct lender provides $50 million senior secured term loan facility to internet service providerJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $50 million senior secured term loan facility provided to an internet service provider, and the receipt of equity securities of the borrower.
  • Bentley Systems acquires E7Jones Day advised Bentley Systems, Incorporated on its acquisition of E7 Pty Ltd, a Brisbane, Australia-based leader in field-based construction delivery software for heavy civil construction.
  • Wells Fargo provides $250 million refinancing to national homebuilderJones Day advised Wells Fargo Bank, National Association in its $250 million unsecured revolving credit facility to a national homebuilder.
  • Zyter acquires Casenet® LLCJones Day advised Zyter, Inc., a wholly owned subsidiary of Infinite Computer Solutions, Inc. and a leading digital health product company, in its acquisition of Casenet® LLC, a leading provider of population health products, from Cetene Corporation (NYSE: CNC).
  • Verint Systems separates into two independent companiesJones Day advised Verint® Systems Inc. ("Verint") in the separation and spin-off of its cyber intelligence business, Cognyte Systems Ltd.
  • Direct lender provides $76 million senior secured credit facility to leading dental services organizationJones Day advised a direct lender as administrative agent, collateral agent, and sole lead arranger in connection with a $76 million senior secured credit facility consisting of a $46 million initial term loan, $25 million delayed draw term loan facility, and a $5 million revolving credit facility provided to a leading dental services organization located in the New York metro area.
  • International investment bank provides $110 million senior secured credit facility to veterinary groupJones Day advised an international bank, as arranger, in connection with a $110 million senior secured credit facility provided to a group of family-owned veterinary hospital acquisition companies.
  • Ansys acquires Analytical Graphics, Inc. for $700 millionJones Day advised Ansys, Inc. in the $700 million acquisition of Analytical Graphics, Inc., a provider of mission-driven simulation, modeling, testing and analysis software for aerospace, defense and intelligence applications.
  • Webster Bank provides $17 million credit agreement to U.S. Urology Partners, LLCJones Day represented Webster Bank, N.A., as agent for all lenders, collateral agent, lender, and letter of credit issuer, in connection with a new $17 million credit agreement with U.S. Urology Partners, LLC, the owner of a network of urology practices in the United States, which was used to fund a portion of the borrower's acquisition of a new urology practice and the assets of a urology practice.
  • Webster Bank provides $28 million credit agreement to MyOrthos Holdings, LLCJones Day represented Webster Bank, N.A., as administrative agent, collateral agent, lender, and letter of credit issuer, in connection with a new $28 million credit agreement with MyOrthos Holdings, LLC, owner of a network of orthodontic practices in the United States, which was used to fund a portion of the borrower's acquisition of a new orthodontic practice.
  • Direct lender provides $84 million financing to healthcare companyJones Day advised a direct lender, as administrative agent and sole lead arranger, in connection with a $76.5 million senior secured term loan facility and $7.5 million senior secured revolving loan facility provided to a healthcare company.
  • Millicom International Cellular obtains $600 million ESG-linked revolving credit facilityJones Day advised Millicom International Cellular S.A. in connection with a 5-year, $600 million revolving credit facility (the “Facility”) with a syndicate of 11 commercial banks.
  • KeyBank provides $100 million credit facility to Purple Innovation, Inc.Jones Day represented KeyBank National Association, as administrative agent, in connection with a $100 million credit facility, consisting of a $45 million term loan facility and a $55 million revolving credit facility, provided to Purple Innovation, Inc., a leading comfort technology company.
  • Merchant banking firm provides $122.5 million acquisition financing to provider of construction accounting software and payroll servicesJones Day advised a merchant banking firm in connection with a $122.5 million senior secured credit facility, comprised of a $110 million term loan and a $12.5 million revolving credit facility, supporting the acquisition of a leading provider of construction accounting software and payroll services for small- to mid-sized specialty contractors in Ohio.
  • Lennox International restates $895 million senior unsecured credit facilitiesJones Day represented Lennox International Inc., a leading global provider of climate control solutions, in connection with the restatement of its senior unsecured credit facilities led by JPMorgan Chase Bank, N.A., as administrative agent for the bank syndicate, which provides for revolving credit commitments of $750 million and a term loan of $145 million.
  • Wells Fargo provides $598.9 million syndicated construction loan for development of office and retail space in Bellevue, WashingtonJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $598.9 million syndicated secured construction loan for the development of a forty-two story office tower located in downtown Bellevue, Washington consisting of approximately 967,000 square feet of office space and approximately 28,000 square feet of retail space.
  • PNC Bank-led syndicate provides $200 million senior secured 364-day term loan credit facility to AMERCOJones Day represented PNC Bank, National Association, as administrative agent and a lender, in connection with a $200 million senior secured 364-day term loan credit facility provided to AMERCO, the parent company of U-Haul.
  • Financial holding company provides secured term loan credit facility to mid-market hedge fundJones Day advised a financial holding company in connection with a secured term loan credit facility provided to a mid-market hedge fund that invests in asset-backed securities, mortgage servicing rights, and other mortgage and consumer-related assets.
  • Financial holding company provides secured term loan credit facility to mid-market private equity fundJones Day advised a financial holding company in connection with a secured term loan credit facility provided to a mid-market private equity fund that invests in asset-backed securities, mortgage servicing rights, and other mortgage and consumer-related assets.
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    June 2014 Commentaries

    Deciding Whether to Play or Pay Under the Affordable Care Act - 2014 Updates

    March 2013 Alerts

    Deciding Whether to Play or Pay Under the Affordable Care Act

    November 2009 External Publications

    2010 Open Enrollment Alert – Under GINA No Good Deed Goes Unpunished, The Metropolitan Corporate Counsel

    October 2009 Commentaries

    Warning to Employers: If Your Health Risk Assessment Violates GINA, You May Have to Tell the IRS (and Pay Excise Taxes)

    October 2009 Commentaries

    Health Plan Open Enrollment Alert—No Reward Goes Unpunished
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