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.

Expérience

  • NOVA Infrastructure Management and its affiliated funds obtain new revolving subscription facility of up to $150 millionJones Day represented NOVA Infrastructure Management, LLC and its funds, NOVA Infrastructure Fund II, L.P. and NOVA Infrastructure Fund II (Cayman), L.P. in connection with a new subscription line facility of up to $150 million with Webster Bank, N.A., as the sole lender.
  • PNC Bank provides $2.3 billion syndicated unsecured revolving credit facility to CooperCompanies and affiliatesJones Day represented PNC Bank, National Association, as administrative agent, in connection with a $2.3 billion syndicated unsecured revolving credit facility made to The Cooper Companies, Inc., CooperVision International Limited and certain of their affiliates, which is a global public company that specializes in medical devices, including for vision, women's health and surgical procedures.
  • Citibank provides secured multicurrency revolving credit facility to Genius Sports LimitedJones Day represented Citibank, N.A., as administrative agent, a joint lead arranger, and sole bookrunner, on a secured multicurrency revolving credit facility provided to Genius Sports Limited, a global leader in sports betting and sports media technology.
  • NOVA Infrastructure Management, LLC and affiliated funds obtain new $25 million subscription facilityJones Day represented NOVA Infrastructure Management, LLC and its fund NOVA Infrastructure Fund I, L.P. (“NOVA I”) in the refinancing of NOVA I's existing subscription line facility.
  • Wells Fargo-led syndicate provides $3 billion "Green Loan" revolver secured by eight data center propertiesJones Day represented Wells Fargo Bank, National Association, as administrative agent and lender, and Wells Fargo Securities, LLC, as arranger and green loan coordinator, in connection with a $3 billion syndicated revolving credit facility, the proceeds of which are to be used consistent with Green Loan Principles and secured by eight data center properties across Arizona, Georgia, Nevada, Texas, Virginia, and Washington.
  • PHINIA Inc. completes $525 million Senior Secured Notes offering and amends credit agreementJones Day represented PHINIA Inc. in connection with (i) a Rule 144A and Regulation S offering of $525 million aggregate principal amount of 6.75% Senior Secured Notes due 2029 and (ii) an amendment to the credit agreement that governs the company's existing credit facilities to modify certain covenants, remove the mandatory prepayment provision based on quarterly and annual operating cash flow calculations, and increase the required total net leverage ratio under the company's financial covenant.
  • J.F. Lehman & Company acquires Mission MicrowaveJones Day advised J.F. Lehman & Company in the acquisition and financing of all of the outstanding membership interests of Mission Microwave Technologies, LLC, a revolutionary designer of radio frequency and microwave electronics supporting ground-based, airborne and space-based applications.
  • Peabody Energy obtains $320 million revolving credit facilityJones Day represented Peabody Energy Corporation in connection with the establishment of a $320 million revolving credit facility with PNC Bank, National Association, as administrative agent.
  • Accord Catalyst Fund obtains subscription line credit facilityJones Day represented Accord Catalyst Fund in connection with a new subscription line credit facility.
  • Global secondaries manager purchases portfolio of private equity fund interestsJones Day represented a global secondaries manager in connection with the purchase of a portfolio of private equity fund interests
  • Edgewater Capital Management closes Edgewater Capital Partners V, LP at $330 millionJones Day represented Edgewater Capital Management, LLC in its fundraise and formation of Edgewater Capital Partners V, LP ("ECP V"). ECP V is a middle market private equity buyout fund and plans to invest the capital raised into performance product and services companies.
  • Webster Bank provides $95 million asset-based credit facility to leading cabinet manufacturerJones Day represented Webster Bank, N.A. as administrative agent, collateral agent, sole lead arranger, bookrunner, and a lender, in connection with a $95 million credit facility consisting of a $55 million revolving credit facility, a $25 million equipment credit facility, and a $15 million term loan facility, provided to one of the fastest growing cabinet manufacturers in the United States.
  • Webster Bank arranges $134 million secured credit facilityJones Day represented Webster Bank, N.A. in connection with a $134 million credit facility consisting of a $109 million term loan facility and a $25 million revolving credit facility provided to a leading U.S. manufacturer of private label take-and-bake pizzas and flatbreads.
  • Large financial institution provides $82.5 million term loan credit facility to mid-market fundJones Day advised a large financial institution, as lender, in connection with a $82.5 million senior secured term loan credit facility provided to a mid-market fund that invests in asset-backed securities and credit-linked notes.
  • J.F. Lehman completes financing in connection with its $1.2 billion take-private acquisition of Heritage-Crystal Clean, Inc.Jones Day represented J.F. Lehman & Company, a leading private equity investment firm focused on the aerospace, defense, maritime, and environmental sectors, in connection with a syndicated senior secured credit facility financing its approximately $1.2 billion take-private acquisition of Heritage-Crystal Clean, Inc. (NASDAQ: HCCI), a leading provider of parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities.
  • Newell Brands enters into trade receivables facilityJones Day advised Newell Brands Inc., a leading consumer products company, in connection with its seasonally adjusting $225-$275 million trade receivables facility with Royal Bank of Canada, as administrative agent.
  • Invitation Homes completes $650 million acquisition of single-family rental home portfolioJones Day represented Invitation Homes (NYSE: INVH), as buyer, in connection with its portfolio acquisition of nearly 1,900 single-family rental homes for a purchase price of approximately $650 million.
  • Private credit firm and affiliated funds obtain subscription line credit facility in amount up to $150 millionJones Day represented a private credit firm and certain of its funds in the refinancing of such funds’ existing subscription line facility.
  • Koch obtains financing for office tower in TennesseeJones Day advised a joint venture between a subsidiary of Koch Industries, Inc., and GBT Realty, on a $174.6 million financing of a 24-story office tower (with retail) in Nashville, Tennessee.
  • PureCycle Technologies completes $250 million Green Convertible Senior Notes offeringJones Day represented PureCycle Technologies, Inc., in connection with a Rule 144A offering of $250 million aggregate principal amount of 7.25% Green Convertible Senior Notes due 2030.
    • 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