Dave Schrodt is a partner in Chapman and Cutler's Banking and Financial Services Department. He counsels a variety of lending institutions on regulatory, structural, and legal risk matters and loan market trends. Dave designs creative, solution based, risk appropriate financing structures for different credit and loan market segments and for a wide variety of industries.

Dave represents lead arrangers, administrative agents and lenders in widely-syndicated credit facilities, club deals, and single lender financing transactions. He has extensive experience in debt capital markets matters, leveraged financing, private equity transactions, intercreditor and subordination structures, real estate lending, asset-based loans, lending to regulated financial institutions, and precious metal facilities.

Dave is Vice President and Treasurer of the Chicago Counsel of Lawyers and provides pro bono legal services to a number of non-profit organizations. 

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 multi-currency secured revolving credit facilities extended to a master limited partnership with extensive logistics operations
  • 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 credit facilities to professional hockey organization.
  • 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

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

Memberships

Certified Public Accountant, Illinois

Chicago Council of Lawyers

Loan Syndications and Trading Association (LSTA)

Clerkships

Judge Boyce F. Martin, U.S. Court of Appeals for the Sixth Circuit

Jump to Page