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