Education

University of Virginia School of Law, J.D., 1990

University of Illinois at Urbana-Champaign, B.S., Accountancy, with high honors, 1987

Admitted

Illinois, 1990

Michigan, 1999

Dave Schrodt is a partner in Chapman and Cutler's Banking and Financial Services Department. His experience includes extensive work in representing commercial banks and other financial institutions in syndicated credit transactions, asset based financings, acquisition financings, real estate financings, and troubled loan workouts. He has substantial experience in structuring leveraged financing transactions, first and second lien facilities, cross-border credits, and a wide variety of subordination, intercreditor, and agency agreements. Dave is a registered CPA in Illinois. He is also the firm's Environmental Sustainability Partner.

Representative Transactions

  • Counsel to agent bank in acquisition and working capital facilities totaling $1.375 billion extended to a credit card processing company
  • Counsel to agent bank in a $500 million multi-currency revolving credit facility extended to a publicly-traded mining company
  • Counsel to agent bank in a $190 million construction loan facility extended to the developer of a residential luxury condominium project
  • Counsel to agent bank in a $265 million secured revolving credit facility extended to a retail natural gas supplier
  • Counsel to agent bank in a $425 million revolving credit facility extended to publicly-traded pharmaceutical company
  • Counsel to agent bank in a $300 million unsecured revolving credit facility extended to a hotel real estate investment trust operating company
  • Counsel to agent bank in asset based lending transaction involving syndicated, secured credit facilities totaling $42.8 million extended to a manufacturer of concrete molding equipment
  • Counsel to agent bank in working capital financing transaction involving a $50 million secured revolving credit facility extended to an automobile leasing company
  • Counsel to agent bank in financing transaction involving secured credit facilities totaling $55 million extended to a movie cinema business
  • Counsel to agent bank in a $50 million asset-based lending facility extended to a coal mining company
  • Counsel to agent bank in a $400 million multi-currency lending facility extended to a master limited partnership
  • Counsel to agent bank in "going-private" acquisition and working capital facilities totaling $100 million
  • Counsel to various conduit lenders in numerous loan transactions involving loans secured by mortgages in commercial real estate