Overview

Nicole Krol is a partner and member of Chapman's Commercial Lending Group. She represents banks and other financial institutions in a wide range of financing transactions, with a focus on asset-based lending (ABL), structured real estate finance, and corporate lending.

Asset-Based Lending

Nicole has extensive experience structuring, negotiating, and documenting asset-based credit facilities, including both bilateral and syndicated transactions. She represents bank and non-bank lenders, including in transactions involving complex borrower capital structures and diverse collateral sources. Nicole also advises on asset-based financings to financial institutions, including insurance companies, investment funds, and other specialty borrowers. Clients rely on her to navigate the full lifecycle of an ABL transaction—from initial due diligence to borrowing base redeterminations and workouts.

Structured Real Estate Finance

Nicole counsels lenders on commercial real estate-backed financings, including loans to real estate funds and hybrid structures involving both corporate and real estate collateral. Her work includes note-on-note financings, repurchase agreements, warehouse credit facilities, and other specialized lending products.

Corporate Lending

Nicole advises on a wide range of corporate financings, including acquisition financings, specialty finance, leveraged lending products, and subscription facility financings. She has experience working with a variety of loan structures, including loan syndications and bespoke hybrid credit products. Nicole also has significant experience negotiating intercreditor and co-lender arrangements, including senior/mezzanine, first lien/second lien, crisscross lien, first-out/last-out, and similar structures.

In the legal community, Nicole is an active member of the Secured Finance Network (SFNet) and serves on its Women in Secured Finance Committee, a national leadership group dedicated to supporting and advancing women across the secured finance industry.

At Chapman, Nicole serves on the governing Policy Committee as well as the Executive Committee, where she supports technology initiatives. She is also a member of the firm’s Technology Advisory Group.

Nicole has practiced law at Chapman her entire career and participated in the firm's summer associate program during law school.

Representative Matters

  • Counsel to agent bank in connection with $85 million senior secured revolving, term and delayed draw term credit facilities to a manufacturing company
  • Counsel to agent and lead arranger in connection with $80 million senior secured credit facilities to finance the acquisition by a private equity sponsor of a communication services company
  • Counsel to first lien agent and second lien agent in connection with $45 million secured credit facilities for acquisition of eligible portfolios of receivables
  • Counsel to agent bank in connection with $15 million senior secured multi-currency cross-border credit facilities to leasing company with domestic and foreign loan parties
  • Counsel to real estate opportunity fund in $40 million subscription financing facility
  • Counsel to agent in $85 million syndicated credit facility for residential real estate investment trust operating company
  • Counsel to lender in connection with $125 million secured credit facility to broker dealer
  • Counsel to agent bank in $43 million secured revolving credit facility extended to a national consumer finance company

Memberships

Secured Finance Network

  • Women in Secured Finance Committee

Honors & Awards

Recognized in Secured Finance Network's 2018 Women in Secured Finance

Admitted

Illinois

Education

University of Michigan Law School, J.D., 2006

University of Michigan, B.A., Economics, 2004

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

Chapman and Cutler LLP Cookie Preference Center

Your Privacy

When you visit our website, we use cookies on your browser to collect information. The information collected might relate to you, your preferences, or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. For more information about how we use Cookies, please see our Privacy Policy.

Strictly Necessary Cookies

Always Active

Strictly Necessary cookies enable core functionality such as security, network management, and accessibility. These cookies may only be disabled by changing your browser settings, but this may affect how the website functions. Some functions of the site require remembering user choices, for example your cookie preference, or keyword search highlighting. When using a contact form or event registration, a cookie might be used to monitor the state of your submission across pages. These do not store any personal information.

Marketing Cookies

Marketing cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.

Powered by Firmseek