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

  • 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.
  • Direct lender provides $100 million term loan facility to designer and developer of enterprise softwareJones Day advised a direct lender, as administrative agent, collateral agent, and sole lead arranger, in connection with a $80 million senior secured term loan facility and $20 million senior secured delayed draw term loan facility provided to a designer and developer of enterprise software, the proceeds of which were used, in part, to finance the acquisition of a data technology provider.
  • 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.
  • Diversified global manufacturer of industrial components obtains $1.2 billion senior secured credit facilityJones Day represented a diversified global manufacturer of industrial components in connection with its $1.2 billion senior secured 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.
  • 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.
  • 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”).
  • 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.
  • OEConnection acquires VeriFacts AutomotiveJones Day advised OEConnection LLC in the acquisition of VeriFacts, a provider of collision repair network certifications.
  • Greystar Equity Partners Europe Fund obtains subscription line credit facilityJones Day represented Greystar Equity Partners Europe Fund in connection with the subscription line credit facility arranged by Mitsubishi UFJ Trust and Banking Corporation.
  • Webster Bank provides $20 million credit agreement to Allergy & ENT Associates Management LLCJones Day represented Webster Bank, N.A. as administrative agent, lender, and letter of credit issuer, in connection with a new credit agreement with Allergy & ENT Associates Management LLC, a Texas limited liability company and the owner of a network of surgery, allergy, and ENT centers in the United States.
  • Wells Fargo-led syndicate provides $400 million unsecured revolving credit facility to publicly traded real estate investment trustJones Day represented Wells Fargo Bank, National Association, as administrative agent, and Wells Fargo Securities, LLC, as arranger, in connection with an amendment to, and increase of, an existing credit facility to an industrial focused REIT that specializes in owning and operating multi-tenant buildings located in multi-building parks.
  • Bridge to Life announces first close of $56 million growth financingJones Day advised Bridge to Life, Ltd. in its $56 million capital raise consisting of a secured credit facility and a Series A preferred equity investment.
  • Riverside acquires Fragrance Solutions CorporationJones Day represented The Riverside Company in connection with the acquisition of Fragrance Solutions Corporation, a New Jersey-based company engaged in the business of formulating, distributing, and selling fragrances, essential oils, and aroma chemicals for household, fabric care, industrial and institutional, and personal care product applications.
  • OEConnection acquires SmartCo Services LLCJones Day advised OEConnection LLC in its acquisition of SmartCo Services LLC, a web-based technology company.
  • PNC Bank amends and restates $308 million term loan credit facility for REIT operating partnershipJones Day represented PNC Bank, National Association, as administrative agent, in connection with a $308 million unsecured amended and restated term loan credit facility provided to a REIT operating partnership.
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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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