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Katie G. Stenberg

Banks, specialty lenders, healthcare companies, and indenture trustees trust Katie Stenberg for representation in financial transactions, corporate reorganizations, bankruptcy proceedings, and state and federal court litigation. Katie provides counsel to clients in a variety of industries – including healthcare, senior living, technology, manufacturing and logistics – regarding a wide range of matters, such as:

  • Acquisition financing
  • Asset-based lending
  • Debtor-in-possession financing
  • Real Estate lending
  • Corporate restructurings and workouts, bankruptcy and commercial transactions
  • Defaulted bond issues, corporate trust administration
  • Acquisitions of distressed healthcare assets, buy and sell side, in and out bankruptcy
  • Commercial litigation, federal court receiverships

Katie serves as a member of Waller’s Board of Directors and is the former leader of firm’s Finance and Restructuring practice. During her tenure as Waller’s Finance and Restructuring practice leader, the firm served as counsel to indenture trustees in the two largest municipal bankruptcies in U.S. history – the City of Detroit and Jefferson County, Alabama.

Honors and Recognitions
Katie was honored as Banking Lawyer of the Year in the 2016 Women in Law Awards, and she has been recognized in Chambers USA for her work in bankruptcy and litigation. Additionally, she has been profiled as a “Female Powerbroker” by Law 360. And recently been listed as a 2017 Mid- South Rising Star by Super Lawyer.

Experience

  • Represented a specialty finance firm in structuring and closing a $30,000,000 revolving loan and $10,000,000 term loan to provide working capital and acquisition financing to a medical device manufacturer 
  • Represented the commercial lending division of a Fortune 500 financial services company in the structuring and closing a $20,000,000 revolving loan to an Ohio-based operator of skilled nursing facilities
  • Represented a specialty finance firm in structuring and closing a $17,800,000 term loan facility secured by real property to the property owners of five Texas skilled nursing facilities and a $3,000,000 asset-based revolving loan to the operators of the facilities secured by accounts receivable, including healthcare receivables subject to a “double lockbox” structure at several banks
  • Represented a nursing home company owned by an Employee Stock Ownership Plan (ESOP) in negotiating a forbearance which helped the company increase its cash on hand from 15 days to 3 months; subsequently represented new company management in negotiating a $30,000,000 replacement credit facility
  • Represented a specialty finance firm in providing senior secured credit facilities of up to $70,000,000 to a healthcare company to finance certain acquisition costs and working capital obligations related to the sale of skilled nursing and assisted living facilities
  • Represented a specialty finance firm in its capacity as administrative agent and lender in providing multiple credit facilities with an aggregate value of $39,925,000 to operators and owners of skilled nursing facilities in Ohio
  • Represented a specialty finance firm in connection with a $15,000,000 asset-based revolving credit facility and a $1,200,000 term loan facility to an operator of skilled nursing facilities in California and Kentucky
  • Represented a specialty finance firm in its capacity as administrative agent and lender in providing multiple credit facilities in the initial aggregate principal amount of $42,000,000 to operators and owners of skilled nursing facilities in California
  • Represented a specialty finance firm in its $8,000,000 asset-based revolving loan (with $7,000,000 accordion) and $2,000,000 term loan facility to a number of medical practice management companies and physician practices
  • Represented a specialty finance firm in structuring and closing a $10,000,000 asset-based revolving loan (with $5,000,000 accordion) to a California-based community hospital
  • Represented a specialty finance firm in connection with a $20,000,000 asset-based revolving credit facility and a $6,250,000 term loan facility to several providers of air and ground ambulance services, air and ground transport services and emergency call center staffing services
  • Represented the commercial lending division of a Fortune 500 financial services company in the structuring and closing of a $30,000,000 asset-based revolving loan facility to 22 U.S. Department of Housing and Urban Development (“HUD”) and non-HUD borrowers for 27 skilled nursing facilities across the country
  • Represented the commercial lending division of a Fortune 500 financial services company in its $5,000,000 asset-based revolving loan facility to an operator of nursing homes, rehabilitation centers, and long-term acute care facilities that was exiting bankruptcy
  • Represented a specialty finance firm in its capacity as administrative agent,  bookrunner, lead arranger and a lender in connection with a $55,000,000 cash-flow term loan and $7,500,000 working capital revolving credit facility to a provider of hospice pharmacy services
  • Represented a specialty finance firm in connection with a $34,000,000 asset-based revolving credit facility (with a $9,000,000 letter-of-credit subfacility that required 3 separate letters of credit at closing) to 36 operators of skilled nursing rehabilitation centers, long-term care centers and long-term acute care hospitals
  • Represented a specialty finance firm in its $25,000,000 asset-based revolving credit facility and a $5,000,000 term loan facility to 10 skilled nursing facility operators
  • Represented a specialty finance firm in structuring and closing a $15,000,000 first-lien senior revolving credit facility, with a $10,000,000 accordion feature, and a $4,000,000 term loan to University General Hospital, a publicly owned hospital system based in Houston, Texas
  • Represented a specialty finance firm in structuring and closing $23,000,000 debtor-in-possession revolving credit facility, and a $10,000,000 debtor-in-possession term loan to the operations of a New York-based teaching hospital in bankruptcy
  • Represented the commercial finance department of a NYSE-listed financial services company in connection with its $10,000,000 accounts receivable and inventory-based revolving credit facility to manufacturer of electromechanical components
  • Represented the commercial lending division of a Fortune 500 financial services company in structuring and closing a series of six credit facilities totaling $55,000,000 to a senior care company

 

Professional

  • Member, American Health Lawyers Association
  • Member, American Bankruptcy Institute
  • Member, Middle Tennessee Chapter of the Turnaround Management Association
    • Former Member, Board of Directors
  • Former Member, Board of Directors, Mid-South Commercial Law Institute
  • Member, Nashville, Tennessee and American Bar Associations
  • Member, American Bar Association Public Contract Law Section

Prior Affiliations

  • Counsel-Commercial Operations, GE-Aviation, Cincinnati, Ohio, 2005-2006
  • Legal Clerk, Military Engine and Government Business Operation, GE Aircraft Engines, Cincinnati, Ohio, 2001-2002

Education

  • J.D., University of Cincinnati College of Law, 2002
    • Order of Barristers
  • B.A., with distinction, University of Nevada, 1998

Legal Services

Industries Served

Bar Admissions

  • Tennessee

Up Close

An avid runner, Katie has participated in a number of marathons and half marathons, her favorite so far being the Marine Corps Marathon in Washington, D.C. She also enjoys entertaining at home and cooking for family and friends.