Education

University of Illinois College of Law, J.D., cum laude, 1995

DePaul University, B.S., 1992

Admitted

Illinois, 1995

Greg Klamrzynski is the Co-Practice Group Leader of Chapman and Cutler’s Commercial Lending Group and a partner in the firm's Credit Enhancement Group and Asset Securitization Department. He has been practicing law since joining the firm in 1995.

He regularly represents financial institutions in a wide range of domestic and international financings and primarily focuses his practice on acquisition financing, sponsor finance, commercial lending and leveraged finance. Greg also has experience in structured finance, asset securitization and credit enhancement transactions.  

His clients include lead arrangers, administrative agents, collateral agents and lenders in connection with structuring, negotiating, and documenting acquisition financings involving both private equity sponsors and strategic purchasers. Greg has significant experience in cash flow lending spanning industries including healthcare (service providers, device manufacturers, pharmaceutical services, healthcare IT and clinical services), consulting and business services, food and consumer manufacturers and retailers, technology and various other categories. He has counseled lead arrangers, administrative agents and lenders in secured and unsecured financings involving equity and asset acquisitions, capital improvements and working capital lines of credit. He also represents lenders in single- and multi-bank credit facilities, loan syndications, asset-based financings and cross-border secured transactions involving multi-currency availability, letters of credit, and acceptance financing and competitive bid facilities. Greg has considerable experience negotiating various types of debt, and equity structures, including first lien/second lien financings, last-out and unitranche facilities, and mezzanine financings. He also regularly represents lenders and investors in connection with both par and distressed loan trading.

His experience includes serving as counsel to lead arrangers, administrative agents and lenders in various agribusiness financings, including term, revolving and acquisition facilities extended to dairy producers, meat packing and production, grain and chemical producers, and other areas. Greg also regularly represents lenders in the construction and engineering space.

He has extensive experience in the negotiation of intercreditor arrangements including senior/mezzanine, first lien/second lien, first-out/last-out and similar structures. In addition, Greg has negotiated several intercreditor agreements between senior lenders and surety providers.

Additionally, Greg has significant experience in various credit enhancement transactions involving letters of credit, lines of credit, bank bond direct purchase agreements, and investment agreements.

Greg has also represented multi-seller commercial paper conduits, bank sponsors and liquidity banks in a variety of asset-backed commercial paper transactions involving both U.S. and foreign assets.

Representative Transactions

  • Counsel to the administrative agent and joint lead arranger in connection with $45,000,000 senior secured credit facilities to finance the acquisition by a private equity sponsor of a leading provider of unclaimed property solutions
  • Counsel to the administrative agent and joint lead arranger in connection with $275,000,000 senior secured multi-currency cross-border credit facilities to multi-national food product supplier
  • Counsel to administrative agent and lead arranger in connection with $25,000,000 senior secured credit facilities to finance the acquisition by a private equity sponsor of a leading chiropractic software provider 
  • Counsel to administrative agent and lead arranger in connection with $80,000,000 senior secured facilities to refinance existing debt of a private equity sponsor-held healthcare services provider
  • Counsel to administrative agent and lead arranger in connection with $400,000,000 senior credit facilities to provide working capital to a leading international provider of independent audit, tax, and advisory services 
  • Counsel to administrative agent and lead arranger in connection with $59,000,000 senior secured credit facilities to finance the acquisition by a private equity sponsor of leading litigation support services provider
  • Counsel to administrative and lead arranger in connection with $350,000,000 senior credit facilities to provide working capital to a national agricultural producer
  • Counsel to administrative agent and lead arranger in connection with $25,000,000 senior secured credit facilities to finance the acquisition by a private equity sponsor of an IT service provider 
  • Counsel to lender providing $175,000,000 senior credit facilities to provide working capital to municipal electric power provider
  • Counsel to letter of credit issuer supporting $50,000,000 public utility commercial paper program

Publications