Penny E. Zacharias Partner

Penny is an accomplished lawyer with over 15 years of experience representing financial institutions in a broad range of lending transactions.

Penny focuses her practice on debt financing and secured transactions, including origination of asset-based and acquisition financing, leveraged finance, mezzanine finance and other lending transactions. She also handles the structuring and documenting of large syndicated transactions. Secured lenders as well as companies in the security alarm, medical alert, and other industries with a recurring revenue model, rely on Penny’s vast experience.

Penny also advises domestic and international banking clients and investment firms in the areas of microfinance and impact investing. She has particular experience with commodities financing.

Penny’s leadership roles include chairing the McGuireWoods Pittsburgh Women’s Leadership Forum as well as co-chairing the firm’s Women in Private Equity & Finance initiative.

Experience

Security Alarm and Medical Alert Financing

Representation of as administrative agent in its five-year $10 million senior revolving line of credit for a security solutions provider.

Representation of a premier provider of security solutions in a $450 million syndicated credit facility.

Represented lender in a senior financing for a borrower in the personal emergency response services industry.

Represented Agent in a secured revolving credit facility for a borrower in the security alarm industry.

Represented lender in a financing for a borrower in the home security alarm industry.

Middle Market Commercial Lending

Representation of a global leader in 3D printing machines, products, materials and services, in its $15 million revolving credit facility.

Representation of a global leader in 3D printing machines, products, materials and services, in its $19 million sale-leaseback arrangement with a private, unaffiliated real estate investor.

Representation of a diagnostic imaging solutions company in refinancing a term loan and revolving credit facility with a Pennsylvania-based regional bank.

Representation of a pharmaceutical company in connection with its debtor-in-possession credit facility from a secured lender.  

Representation of Valesco Industries, a private equity firm, in its debt investment in ACCESS Destination Services, a leader in destination management services and event production.

Representation of a global leader in advanced mine safety products and technology solutions in the refinancing of its $64 million debt facilities.

Representation of a named agent in its participation in a $500 million unsecured credit facility for an engineering simulation software company to finance its acquisition of a software company.

Represented Agent for a borrower in the steel and foundry industry.

Represented lender in an acquisition financing to a borrower in the food products industry.

Represented lender in an acquisition financing to a borrower in the public safety industry.

Impact Investing

Representation of CONSOL Energy (NYSE: CEIX), a coal producer and exporter, in its $2.5 million debt and equity investment in CFOAM, an Australian-based carbon material producer.

Represented an investment fund in a note offering in the renewable energy sector.

Represented an investment fund in a microfinance loan program.

Asset Based Lending

Represented Agent for a borrower in the wire and cable, communications and security industry.

Represented an urgent care center in an ABL financing.

Represented a lumber company in an ABL financing.

  • University of Pittsburgh School of Law, JD, 2002
  • University of Pittsburgh Joseph M. Katz Graduate School of Business, MBA, 1999
  • Cornell University, BS, Industrial and Labor Relations, 1997

Member, Pittsburgh Chapter, Association for Corporate Growth

Member, Allegheny County Bar Association

Member, Business Law and International Law Sections, American Bar Association

Member, United Way Women’s Executive Leadership Council

Member, Board of Directors, Children’s Museum of Pittsburgh

Member, Cornell Alumni Admissions Ambassador Network

  • Moderator, 2019 Independent Sponsor Conference, October 3, 2019
  • Speaker, "How Lawyers are Contributing to Inclusive Innovation in Pittsburgh," Inclusive Innovation Summit, March 29, 2019
  • Presenter, Reps and Warranties and Indemnification in M&A Documents, Pennsylvania Bar Institute, March 30, 2012
  • Pennsylvania
  • U.S. District Court for the Western District of Pennsylvania

Named to "2020 Women of Influence", Pittsburgh Business Times, 2020

Selected for inclusion in The Best Lawyers in America, Banking and Finance Law, 2018-2021; Corporate Law, 2021, Woodward/White, Inc.

Selected for inclusion in America's Leading Lawyers for Business, Banking & Finance, Pittsburgh, Chambers USA, 2019, 2020

Named to "Pennsylvania Rising Stars," Business/Corporate; Banking, Super Lawyers, Thomson Reuters, 2008

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