Patricia J. Lane is a partner with Foley & Lardner LLP and a member of the firm’s Finance & Financial Institutions Practice and Sports Industry Team.
Ms. Lane has extensive experience representing issuers, underwriters and rating agencies in asset securitization transactions. She has experience with a wide variety of financial assets, including auto loans and leases, agricultural and construction equipment chattel paper, credit card receivables, health care receivables, future cash flows, government contract receivables, Chapter 13 plans, delinquent credit card receivables, television revenues, trade receivables, lease receivables, mortgage loans, stranded utility costs, home equity loans, and home equity lines of credit.
Ms. Lane has also represented and advised numerous corporate borrowers in complex financing arrangements. Representative clients include Harley-Davidson, Inc., Johnson Controls, Inc., Fidelity National Information Services, Inc., Fiserv, Inc., Pentair, Inc., Oshkosh Corporation, Briggs & Stratton Corporation, Snap-on Incorporated, A.O. Smith Corporation, Journal Communications, Inc., Bemis Company, Inc., Regal-Beloit Corporation, Cummins Inc., MGIC Investment Corporation, Milwaukee Brewers Baseball Club, Limited Partnership, Texas Rangers Baseball Club, and The Green Bay Packers.
She also has represented corporate borrowers in work-out transactions both inside and outside of bankruptcy including debtor-in-possession financings. She has extensive experience in acquisition financings representing corporate borrowers involved in leveraged buyouts, recapitalizations, restructurings, and other change-of-control financings. She also has structured warehouse lending facilities.
Ms. Lane has negotiated and documented a wide variety of derivative transactions including interest rate and currency exchange agreements, equity index, total return, and other hedging transactions. She also has negotiated liquidity and credit enhancement measures.
Ms. Lane has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system and has been selected for inclusion in The Best Lawyers in America® 2013 for her work in banking and finance law, and securitization and structured finance law. She is a co-author of a recent book published by Aspatore Books – The Law and Economics of Financial Markets – Lessons of History That Assure Success in the Future.
Ms. Lane graduated from the University of Chicago (J.D.) and Marquette University (B.A., summa cum laude), where she was a member of Phi Beta Kappa.
Representative Transactions and Clients
Recent Public Company (and selected other company) Credit Facilities:
- Neenah Foundry Company - $250 million revolving and term credit facilities (April 2013)
- A.O. Smith Corporation - $400 million revolving credit facility (December 2012)
- Journal Communications, Inc. - $350 million revolving and term credit facilities (December 2012)
- Cummins Inc. – $1.75 billion revolving credit facility (November 2012)
- Pentair, Inc. - $1.45 billion revolving credit facility (September 2012)
- Extendicare Health Services, Inc. - $20 million revolving credit facility (September 2012)
- Fiserv, Inc. - $2 billion revolving credit facility (August 2012)
- Oshkosh Corporation — repricing of $980 million revolving and term credit facilities (July 2012)
- Extendicare Health Services, Inc. - $80 million revolving credit facility (June 2012)
- Fidelity National Financial, Inc. - $800 million revolving credit facility (April 2012)
- Harley-Davidson, Inc. - $1.35 billion revolving five year and four year credit facilities (April 2012)
- Snap-on Incorporated - $500 million revolving credit facility (December 2011)
- Briggs & Stratton Corporation - $500 million revolving credit facility (October 2011)
- Whiting Oil and Gas Corporation - $1.5 billion revolving credit facility (October 2011)
- Bemis Company, Inc. - $800 million revolving credit facility (July 2011)
- Regal Beloit Corporation - $500 million revolving credit facility (June 2011)
- Pentair, Inc. - $700 million revolving credit facility (April 2011)
- Harley-Davidson, Inc. - $1.35 billion revolving 3-year and 4-year credit facilities (April 2011)
- Extendicare Health Services, Inc. - extension of $70 million revolving credit facility (March 2011)
- Hanger Orthopedic Group, Inc. - repricing of $300 million term loan facility (March 2011)
- Johnson Controls, Inc. - $2.5 billion revolving credit facility (February 2011)
- Hanger Orthopedic Group, Inc. - $400 million revolving and term credit facilities (December 2010)
- A. O. Smith Corporation - $425 million revolving credit facility (November 2010)
- Fiserv, Inc. - $1.0 billion revolving credit facility (September 2010)
- Oshkosh Corporation - $1.2 billion revolving and term credit facilities (September 2010)
- Journal Communications, Inc. - $299 million revolving credit facility (August 2010)
- Harley-Davidson, Inc. - $1.35 billion revolving 3-year and 364-day credit facilities (April 2010)
- Fidelity National Financial, Inc. - $951.2 million revolving credit facility (March 2010)
- Bucyrus International, Inc. - $1.915 billion revolving and term credit facilities (February 2010)
Certain Other Public Company Credit Facility Clients:
- Hudson Highland Group, Inc.
- MGIC Investment Corporation
Recent Receivables Conduit Facilities:
- Sherman Financial Group LLC – revolving and term securitization of credit card receivables (March 2013)
- Snap-on Incorporated - extension of $200 million revolving receivables conduit securitization facility (September 2012)
- Harley-Davidson, Inc. - extension of $600 million revolving receivables conduit securitization facility (September 2012)
- Sherman Financial Group LLC - revolving and term securitization of credit card receivables (September 2012)
- Sherman Financial Group LLC - revolving and term securitization of credit card receivables (February 2012)
- Sherman Financial Group LLC - Term Conduit Securitization of Chapter 13 Plans (November 2011)
- Snap-on Incorporated - $200 million revolving receivables conduit securitization facility (September 2011)
- Harley-Davidson, Inc. - extension of $600 million revolving receivables conduit securitization facility (September 2011)
- Cummins Inc. - extension of $250 million revolving trade receivables conduit securitization facility (April 2011)
- Snap-on Incorporated - $100 million revolving receivables conduit securitization facility (October 2010)
- Harley-Davidson, Inc. - $600 million revolving receivables conduit securitization facility (September 2010)
- Cummins Inc. - $250 million revolving trade receivables conduit securitization facility (April 2010)