Mary M.Reil

Counsel

Cleveland + 1.216.586.7712

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

  • Direct lender provides $100 million senior secured credit facility to upstream oil and gas companyJones Day represented a direct lender in connection with a $100 million senior secured credit facility provided to an upstream oil and gas company.
  • Wells Fargo provides $166.6 million financing for construction of 640-unit Class A apartment property in Washington, D.C.Jones Day advised Wells Fargo Bank, National Association in connection with a $166.6 million loan to finance the construction of a 640-unit Class A apartment property located in Washington, D.C.
  • Wells Fargo amends loan agreement for non-public REITJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as an arranger, in connection with a fifth amended and restated loan agreement provided to a non-public REIT which, among other things, provided for a revolving credit facility in a decreased maximum aggregate principal amount of $150 million and a new delayed draw term loan facility in an aggregate principal amount of $75 million.
  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • Well Fargo refinances $1.6 billion credit agreement with publicly traded real estate investment trustJones Day represented Well Fargo Bank, National Association, as administrative agent and lender, in connection with the amendment and restatement of a publicly traded real estate investment trust’s $1.6 billion credit agreement, pursuant to which the $600 million revolving credit facility and $400 million tranche A-2 term loan credit facility were refinanced and extended.
  • Wells Fargo arranges $414.6 million syndicated secured construction loan for development of creative office space in West Los AngelesJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $414.6 million syndicated secured construction loan for the development of approximately 584,000 square feet of creative office space in West Los Angeles along with approximately 94,000 square feet of retail and theater space.
  • Xcel Energy obtains $500 million term loan facilityJones Day represented Xcel Energy Inc., a provider of renewable energy, in connection with a $500 million 364-day term loan facility, with Canadian Imperial Bank of Commerce, New York Branch, as administrative agent.
  • HOERBIGER Group acquires Deublin CompanyJones Day advised HOERBIGER Group, a privately-held industrial company headquartered in Switzerland, on the acquisition of Deublin Company, the leading manufacturer of rotating unions in the world.
  • Merchant banking firm provides $60 million senior secured credit facility to multinational software companyJones Day represented a merchant banking firm in connection with a $60 million senior secured credit facility comprised of a $50 million initial term loan facility, a $5 million delayed draw term loan facility, and a $5 million revolving credit facility provided to a multinational software company.
  • Merchant banking firm provides $200 million acquisition financing to consulting firmJones Day advised a merchant banking firm in connection with a $200 million senior secured credit facility comprised of a $185 million term loan and a $15 million revolving credit facility supporting the acquisition of a multi-discipline design, engineering, and management consulting firm based in Southern California.
  • Wells Fargo provides $470 million term loan secured by office building in Boston, MassachusettsJones Day represented Wells Fargo Bank, National Association in connection with a $470 million senior term loan secured by a 32-story, 1.1 million square foot office building in downtown Boston, Massachusetts.
  • Major financial institution provides $117 million syndicated loan secured by office building in Walnut Creek, CaliforniaJones Day represented a major financial institution, as administrative agent, in connection with a $117 million syndicated loan secured by a 10-story, Class A office building located in Walnut Creek, California.
  • MYR Group amends and restates $375 million revolving credit facilityJones Day represented MYR Group, Inc., a national electrical contractor specializing in transmission and distribution, substation and commercial and industrial construction, in connection with their $375 million amended and restated revolving credit facility.
  • Diversenergy acquired by Stabilis Energy, Inc. and forms Energía Superior Gas Natural LLC joint ventureJones Day advised Diversenergy, LLC in its acquisition by Stabilis Energy, Inc. and the formation of a joint venture named Energía Superior Gas Natural LLC between Grupo CLISA, Stabilis Energy, Inc. and the former owners of Diversenergy to develop the LNG market in Mexico.
  • Concesionaria Vial Union del Sur, Patrimonio Autonomo Union del Sur, Sacyr Concesiones S.L., and Herdoiza Crespo Construcciones obtain $575 million term financingJones Day represented Concesionaria Vial Union del Sur, as concessionaire, Patrimonio Autonomo Union del Sur, as borrower, and Sacyr Concesiones S.L. and Herdoiza Crespo Construcciones S.A., as sponsors, in connection with a $575 million long term financing to, among other things, repay a bridge loan facility and fund design, construction, operation and maintenance costs for a toll road in Colombia between the cities of Pasto and Ipiales, near the Rumichaca border crossing to Ecuador.
  • Charkit Chemical acquires Custom Ingredients and CA SpecialitiesJones Day advised Charkit Chemical Company LLC in its acquisition of Custom Ingredients, a manufacturer of specialty ingredients, and CA Specialities, a South Carolina-based distributor of ingredients in the personal care market.
  • Large financial institution provides acquisition financing of provider of security alarms and monitoring servicesJones Day represented a financial institution, as administrative agent and lender, in connection with the financing of a large electronic security company's acquisition of a leading provider of security alarms and monitoring services for commercial and residential customers.
  • Large financial institution provides financing for acquisition of customs brokerage and trade servicesJones Day represented a large financial institution, as administrative agent and lender, in a first lien and second lien financing in connection with a private equity firm’s acquisition of a customs brokerage and trade services firm.
  • Bombardier acquires Global 7500 aircraft wing program from Triumph Group Inc.Jones Day advised Bombardier Inc. in its acquisition of the wing manufacturing operations and assets relating to Triumph Group Inc.’s Global 7500 wing program.
  • Nine Dragons Paper acquires Catalyst Paper Corporation for $175 millionJones Day advised Nine Dragons Paper in its $175 million acquisition of the Rumford, Maine and Biron, Wisconsin paper mills of Catalyst Paper Corporation.
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