Chris Preston is a partner in the Banking and Financial Services Department and the Public and Institutional Banking & Finance Group of Chapman and Cutler. He joined the firm in 2008.
Chris's experience includes work in the banking and public finance areas. He has extensive experience in acting as counsel to both domestic and foreign banks providing credit enhancement and liquidity support for tax-exempt and taxable financings for municipal, healthcare and not for profit borrowers, including the direct purchase of bonded indebtedness. Chris has also represented commercial banks in structuring secured and unsecured transactions, including revolving loan and term loan facilities.
Prior to joining the firm, Chris worked at Collins & Blaha, P.C. in Farmington Hills, Michigan.
American Bar Association
Federal Bar Association
Oakland County Bar Association
U.S. District Court, Eastern District of Michigan
University of Detroit Mercy School of Law, J.D., cum laude, 2005
- Member, UDM Law Review
Michigan State University, B.S., Advertising, 2001
- Unique Private Placement Involving a Bank Direct Purchase
Chapman represented the note purchaser in a $45 million private placement to finance construction of a new water intake system at The Claude “Bud” Lewis Carlsbad Desalination Plant, the first-plant-of-its-kind in California and the largest desalination facility in the Americas. The transaction was unique in that the initial phase of this project was financed with a senior secured bank direct purchase, as opposed to a more traditional tax-exempt bond issue, expediting the access to capital and the start of construction on the new system.