ALLISON SATYR is a partner with Sidley’s Global Finance group in Chicago, where she counsels commercial banks, direct lenders, funds, and businesses with respect to a diverse range of finance matters and transactions. She frequently represents agents, arrangers, lenders, participants, borrowers, and private equity sponsors in structuring and negotiating single-lender and syndicated financings, including multicurrency and cross-border transactions, across numerous industries. Her experience ranges from working capital financings, dividend recaps, LBOs and other acquisition financings, to work-outs, restructurings and debtor-in-possession and exit financings.
Representative transactions include:
- Representation of agent and lead arranger in connection with a $850 million multicurrency ABL credit facility in favor of a major home retailer and its Canadian subsidiaries.
- Representation of agent and lead arranger in connection with a $400 million multicurrency ABL credit facility in favor of a manufacturer and distributor of connectivity and networking products and its Canadian, Dutch, German, and UK subsidiaries.
- Representation of agent and lead arranger in connection with a $30 million ABL credit facility in favor of an airline internet service provider, subject to a crossing-liens intercreditor agreement with senior secured bonds.
- Representation of agent and lead arranger in connection with a $3.5 billion senior unsecured multicurrency revolving credit facility in favor of a major pharmacy retailer.
- Representation of agent and lead arranger in connection with a $583 million senior unsecured amend-and-extend revolving credit facility, a $317 million 364-day senior second lien revolving credit facility and a $362.5 million senior first lien secured term loan facility in favor of an oil and gas field services company involving credit support from affiliates in 13 countries.
- Representation of agent and lead arranger in connection with a $2 billion revolving credit facility and a $900 million term loan facility in favor of a REIT.
- Representation of agent and lead arranger in connection with a $500 million senior term loan acquisition financing in favor of an electrical products company, and a $750 million senior revolving multicurrency credit facility in favor of the company and its Luxembourg subsidiaries.
- Representation of agent and lead arranger in connection with a $180 million senior secured acquisition financing in favor of an Indian-based pharmaceutical company.
- Representation of agent and lead arranger in connection with a $60 million senior secured sponsor acquisition financing in favor of a music publishing company.
- Representation of agent and lead arranger in connection with a $100 million senior secured sponsor investment financing in favor of a restaurant business.
- Representation of private equity sponsors in numerous senior and mezzanine acquisition financings for middle market portfolio companies.
Allison co-leads Sidley’s London Interbank Offered Rate (LIBOR) Task Force and is at the forefront of efforts relating to the discontinuation of LIBOR and the transition to alternative benchmark rates. As an extension of her transactional practice, she also frequently presents to clients, fellow attorneys, and law students on a variety of commercial lending topics, including LIBOR transition, market trends, bankruptcy basics, and secured transactions generally.
Allison has been elected as a Fellow of the American College of Commercial Finance Lawyers. In addition, she has been recognized by Chambers USA in the area of Banking & Finance since 2011.
Allison is a member of the Board of Directors of the Illinois Holocaust Museum & Education Center where she serves on the Executive Committee and is vice chair of the Finance Committee. She is also a member of the Dean’s Council for Penn Law Women.