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Penny Zacharias

Penny E. Zacharias Partner

Pittsburgh T +1 412 667 7937 F fax +1 412 667 7954
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For more than 20 years, Penny has represented lenders and borrowers in debt finance and secured transactions — ranging from billion-dollar deals to microfinance transactions — while serving as a law firm and business community leader.

Penny, managing partner of McGuireWoods’ Pittsburgh office, guides financial institutions, private credit providers, public and private borrowers, private equity sponsors and their portfolio companies in asset-based lending, leveraged finance, mezzanine finance and other commercial lending transactions. She handles the structuring and documenting of large, syndicated transactions and advises domestic and international banking clients and investment firms on microfinance and impact investing.

Her deals fund strategic goals for lenders and companies across economic sectors, including healthcare, energy, chemical, retail, food, aerospace, logistics and security alarm.

Penny serves on the firm’s board of partners, the Pittsburgh recruiting committee and the corporate responsibility executive committee. She also co-chairs McGuireWoods’ Women in Private Equity & Finance initiative, which connects professionals around the country to business opportunities.

Penny has been recognized as a top finance lawyer by Chambers USA, Legal 500 United States and The Best Lawyers in America.

Experience
  • Represented a major financial institution in its $120 million revolving credit facility, including an uncommitted accordion feature for an additional $55 million, for a specialty healthcare services retailer.
  • Represented a leading financial institution, as administrative agent and lender in a term loan and revolving credit facility to a primary care practice and healthcare system.
  • Represented a leading financial institution in connection with a secured floor plan line of credit and working capital line of credit for a leading manufacturer of work-ready vehicle solutions.
  • Represented a major financial institution, as administrative agent, in a $45 million bilateral secured credit facility for an innovative confectionary company.
  • Represented a major financial institution, as administrative agent, in a $10 million secured credit facility for a healthcare solutions company.
  • Represented a joint lead arranger in a $700 million unsecured revolving credit facility for a fintech financial services company.
  • Represented a joint book manager and syndication agent in its participation in a $1.9 billion unsecured revolving credit facility in the global electronic payment and transaction processing industry.
  • Represented a premier provider of security solutions in a $450 million syndicated credit facility.
  • Represented the administrative agent in connection with a $150 million term loan to a leading utility provider.
  • Represented 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 the administrative agent in connection with a $100 million revolving credit and floor plan facility to a bus dealership.
  • Represented the borrower, an energy storage products and services company, in the refinancing of its $400 million credit facility.
  • Represented a leading financial institution in connection with a $200 million revolving credit facility for a leader in customized security and home automation solutions.
  • Represented a diagnostic imaging solutions company in refinancing a term loan and revolving credit facility with a Pennsylvania-based regional bank.
  • Represented a pharmaceutical company in connection with its debtor-in-possession credit facility from a secured lender.
  • Represented a global leader in advanced mine safety products and technology solutions in the refinancing of its $64 million debt facilities.
  • Represented agent in a $150 million secured revolving credit facility for a borrower in the electronic security alarm industry.
  • Represented the administrative agent in a $600 million secured asset-based credit facility for a borrower in the wire and cable, communications and security industry.
  • Represented 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.
  • Represented a private credit fund providing financing to a women-owned aerospace business.
  • Represented a major financial institution, as administrative agent, in a $50 million syndicated secured credit facility for a large natural gas utility.
  • Represented a women-owned small business credit platform in connection with a $27.5 million syndicated credit facility to fund a borrower’s growth.

Events

Podcasts

Insights

  • Selected for inclusion in The Best Lawyers in America, Banking and Finance Law, 2018-2026; Corporate Law, 2021-2026; Mergers and Acquisitions Law, 2023-2026
  • Selected for inclusion in “Legal 500 United States,” Commercial Lending, 2020, 2023, 2024, 2025
  • Selected for inclusion in Leading Lawyers , Banking & Finance, Pittsburgh, Chambers USA, 2019-2025
  • Featured in The Secured Finance Network’s The Secured Lender – Women in Secured Finance, 2021
  • Named to “2020 Women of Influence”, Pittsburgh Business Times, 2020

Spotlight

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