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 $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 multi-family 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 multi-family 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.
  • 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.
  • PNC Bank amends and restates $850 million revolving credit facility for REIT operating partnershipJones Day represented PNC Bank, National Association, as administrative agent, in connection with a $850 million unsecured second amended and restated revolving credit facility provided to a REIT operating partnership.
  • Wells Fargo provides $87.5 million senior secured revolving credit facility to Florida-based homebuilderJones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with a $87.5 million senior secured revolving credit facility provided to a Florida-based homebuilder.
  • 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.
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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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