Gerald "Jerry" F. Mace

Both borrowers and lenders turn to Jerry Mace for counsel and representation in financial transactions. He helps corporate clients from a wide range of industries—including healthcare, manufacturing, aviation, and others—obtain the financing they need for expansion, acquisitions, and operations. He has substantial experience in connection with:

• Senior and subordinated credit facilities
• Corporate debt issuances
• Restructuring troubled credit facilities

Banks, financial institutions, and specialty lenders also rely on Jerry to negotiate commercial finance transactions both at conception and in workout situations. Creative, thorough and responsive, he is a tireless advocate on behalf of indenture trustees to enforce their rights and remedies during defaults. In 2011, Jerry served as lead counsel to the indenture trustee in the widely publicized Jefferson County, Alabama, $3.2 billion bond default. In the vigorous protection of the trustee's interests, Jerry and the Waller team played a prominent role in what was, at the time, the largest U.S. municipal bankruptcy ever filed.

In July 2013, the City of Detroit filed its Chapter 9 bankruptcy petition, thereby eclipsing Jefferson County as the largest municipal bankruptcy ever filed. Drawing on the experience provided in Jefferson County, Jerry and the Waller team were tapped again to represent the trustee for Detroit's water and sewer bonds—totaling almost $6 billion—in this historic case.

Jerry thrives on interaction with clients no matter which side of the commercial finance transaction they're on. He views his ultimate responsibility as helping clients make sound business decisions in light of their strategic objectives, market conditions, and myriad other variables.

Chambers USA and Best Lawyers recognize Jerry for his banking and finance law experience.

INDENTURE TRUSTEE MATTERS

• Represent trustee for over $6 billion in water and sewer bonds in the City of Detroit Chapter 9 proceeding
• Represented trustee for $3 billion in sewer debt in the Jefferson County, Alabama Chapter 9 proceeding
• Represented the indenture trustee for $300,000,000 senior subordinated notes issued by Service Merchandise Company, Inc. in the company's bankruptcy case filed in Nashville, Tenn
• Represented  the indenture trustee for over $1,000,000,000 of bonds issued or guaranteed by Kmart Corporation in the company's bankruptcy case filed in Chicago

​BORROWER-SIDE TRANSACTIONS

• Represented a publicly traded regional hospital system in connection with a $100,000,000 working capital letter of credit
• Represented a national hospital system in the negotiation and issuance of more than $700,000,000 of its high yield notes
• Represented a publicly traded healthcare provider in the negotiation and closing of its $1,000,000,000 senior secured credit facility
• Counseled specialty healthcare lenders in structuring and negotiating numerous asset-based loans and syndicated first lien/second lien loans to healthcare companies
• Represented privately held healthcare company in a $500,000,000 high yield debt financing and a $100,000,000 asset-based loan facility

LENDER-SIDE TRANSACTIONS

• Represented the senior lender in the restructuring an $80 million facility to a national home health provider in bankruptcy and in connection with the debtor's emergence from bankruptcy