Hillary’s practice focuses on commercial lending, loan workouts and out-of-court restructurings, fund finance and business law. She has extensive experience representing borrowers and lenders in connection with secured and unsecured revolving, bridge and term loan facilities, including both cash-flow and asset-based facilities, acquisition financings, going-private transactions and recapitalizations. Hillary also advises a broad range of funds and their sponsors in fund finance transactions, including subscription line credit facilities, net asset value (NAV) financings and hybrid financings.
Hillary brings nearly two decades of experience guiding borrowers through every stage of financing transactions. She advises clients across diverse industries, including energy, real estate, food and beverage, chemicals, consumer products and consumer packaging, delivering strategic counsel from initial engagement through closing. Hillary regularly advises clients on debt covenant compliance, waivers, amendments and consents, as well as corporate law issues and contract compliance.
Hillary has spoken at national conferences and written on topics related to her practice, including negotiating and complying with credit agreements and asset-based facilities. She has been an adjunct law professor at the University of Richmond School of Law and is a member of the Leadership Metro Richmond Class of 2018.
- Represented a public transportation company in a $350 million syndicated, unsecured revolving credit facility.
- Represented a global consumer brands company in a $500 million unsecured, cross-border revolving credit facility.
- Represented a public company lawn and garden products and services provider in $2.5 billion secured multi-currency revolving and term credit facilities.*
- Represented a public company wholesale foodservice distributor in $4.0 billion secured asset based revolving and term credit facilities.*
- Represented a private equity sponsor in connection with first and second lien credit facilities to finance its acquisition of a supply chain services provider.
- Represented an underground and surface coal mining company in $400 million term loan and $125 million revolving loan facilities used to refinance existing debt.*
- Represented a public specialty chemical company in $320 million secured term loan and revolving loan facilities to finance, in part, the strategic acquisition of a chemical manufacturer.*
- Represent real estate and debt funds and other investment entities in connection with subscription facilities, secured by capital commitments of fund investors.
- Represented a private equity fund in acquisition financing of a food packaging company consisting of senior secured revolving and term loan facilities.*
- Represent public and private REITs in connection with acquiring, financing and refinancing full service hotel properties, healthcare facilities and office buildings.*
- Represent borrowers, including utilities, in connection with the financing of trade receivables.
- Represented a parent company in secured $19 million debtor-in-possession (“DIP”) loan to its subsidiary to facilitate a proposed sale under Section 363 of the Bankruptcy Code.*
- Represents private equity funds, independent sponsors and other investment firms in multi-tranche financings, including acquisition financings, “going private” transactions and dividend recapitalizations.
- Represented a private equity portfolio company in a $117 million multi-tranche dividend recapitalization that was awarded the “Refinancing of the Year” by the Global M&A Network in 2009.*
- Advises borrowers on compliance with debt covenants, waivers, amendments and consents.
- Represents companies in connection with equipment leases, treasury contracts and related cash management arrangements.
*A number of the above matters were handled prior to joining McGuireWoods LLP.