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R. Steven Connor

Specialty lenders, banks, secured creditors and private equity firms turn to Steven Connor for counsel and representation in complex commercial financial transactions. He has extensive experience negotiating and restructuring asset-based and cash flow loans and other credit facilities for lenders, and he advises clients in transactions related to healthcare, manufacturing, consumer products and other industries. Having owned a business before joining Waller, Steven understands what’s important to clients on both sides of commercial finance transactions, and he endeavors to adjust transaction risk when structuring deals based upon the client’s risk tolerance. Specific areas of Steven’s focus include:

  • Senior and subordinated credit facilities
  • Acquisition and expansion financing
  • Healthcare asset-based and cash flow lending
  • Finance Restructuring
  • Senior note offerings
  • Warehouse lines of credit

Experience

Borrower-side Transactions

  • Represented a healthcare technology company in securing a $135,000,000 senior credit facility
  • Represented a consumer products manufacturer in its $150,000,000 senior credit facility, involving of a $75,000,000 incremental facility, which closed concurrently with an offering of $250,000,000 of high yield notes  
  • Represented a home health company in restructuring its credit facility during a recent period of market instability
  • Represented a private equity-backed national consumer products manufacturer in its $375,000,000 senior credit facility, involving of a $50,000,000 revolver and $300,000,000 Term B loan, with a $25,000,000 incremental facility
  • Represented a national food and beverage company in its $150,000,000 senior revolving credit facility, which included a $25,000,000 incremental facility 

Lender-side Transactions

  • Represented a healthcare finance division of a publicly-traded company in connection with a $75,000,000 syndicated credit facility to a leading dental technology and services company
  • Represented a specialty healthcare lender in structuring and negotiating a $150,000,000 revolving asset-based loan to a national skilled nursing provider
  • Represented a specialty healthcare lender in providing a $28,000,000 credit facility with a term and revolver to a medical device company
  • Represented a real estate investment trust company in the acquisition of a syndicated loan facility in the amount of $33,000,000
  • Represented a healthcare finance company, as lead arranger, lender and administrative agent, in a $147,500,000 senior secured credit facility to a private equity-backed operator of mobile medical therapies provider
  • Represented a healthcare finance company, as lead arranger, lender and administrative agent, in a $73,000,000 senior secured credit facility to a private equity-backed national distributor of generic pharmaceutical products
  • Represented a healthcare finance company, as lead arranger, lender and administrative agent, in a $35,000,000 asset-based credit facility to a provider of comprehensive anatomic, clinical and molecular pathology services
  • Represented a nationwide lender, as lead arranger, lender and administrative agent, in a $32,000,000 senior secured credit facility which included a $20,000,000 incremental facility to a private equity-backed third-party logistics company
  • Represented a national bank in providing a $25,000,000 warehouse line of credit to an investment fund, which makes high-yield bridge loans to residential real estate investors 
  • Represented a national bank in providing a $10,000,000 warehouse line of credit to a lender, which provides loans to residential real estate investors 
  • Represented a healthcare finance company, as lead arranger, lender and administrative agent, in a $8,000,000 asset-based revolving loan to an operator of post-acute care facilities
  • Represented a healthcare finance company, as lead arranger, lender and administrative agent, in a $5,000,000 asset-based revolving loan to an operator of urgent-care facilities

Professional

  • Member, Nashville, Tennessee and American Bar Associations
  • Member, American Health Lawyers Association
  • Member, American Bankruptcy Institute

Education

  • J.D., Washington University in St. Louis, 2005
    • Primary Articles Editor / Executive Board - Washington University Journal of Law and Policy
    • Excellence in Oral Advocacy Award
    • Vice President - Criminal Law Society
  • B.S., Lipscomb University, Business Administration, 2000

Legal Services

Industries Served

Bar Admissions

  • Tennessee