Patricia J. Lane

Patricia J. Lane is a partner and corporate lawyer with Foley & Lardner LLP with extensive experience representing corporate borrowers in complex financing arrangements. She is a member of the firm’s Finance & Financial Institutions Practice, Sports Industry Team, and the Environmental, Social & Governance (ESG) Team.

Representative clients include Harley-Davidson Inc., Johnson Controls International plc, Fiserv Inc., SmileDirectClub, Inc., Oshkosh Corporation, Briggs & Stratton Corporation, Snap-on Incorporated, A.O. Smith Corporation, Modine Manufacturing Company, Hanger Inc., BorgWarner Inc., Plantronics, Inc., Regal-Beloit Corporation, Cummins Inc., MGIC Investment Corporation, Milwaukee Brewers Baseball Club, Limited Partnership, Texas Rangers Baseball Club and the Green Bay Packers.

In addition to traditional financings, she has extensive experience representing corporate borrowers and issuers in complex financing arrangements, both domestic as well as foreign, including syndicated and bilateral credit facilities in U.S. dollars as well as numerous foreign currencies, commercial paper programs, acquisition financings and other structured finance transactions. She also has structured warehouse lending facilities and has represented corporate borrowers in work-out transactions both inside and outside of bankruptcy including debtor-in-possession financings.

Patricia 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, as well as liquidity and credit enhancement measures.

She has also represented issuers, underwriters and rating agencies in asset securitization transactions. Financial assets have included 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.

Representative Transactions and Clients

Recent Public Company (and Selected other Company) Credit Facilities:

• Johnson Controls International plc - $500 million credit facility (December 1, 2022)
• Johnson Controls International plc - JPY 30 billion Samurai credit facility (September 2022)
  
• Enerpac Tool Group Corp. - $600 million credit facilities (September 2022)
• Cummins Inc. - $1.5 billion credit facility (August 2022)
• Cummins Inc. - $2 billion delayed draw term loan (July 2022)
• Acuity Brands, Inc. - $600 million revolving credit facility (June 2022)
• Plexus Corp. - $500 million revolving credit facility (June 2022)
• SmileDirectClub, Inc. - $255 million term loan facility (April 2022)
• Harley Davidson, Inc. - $1.42 billion revolving credit facilities (April 2022)
• Oshkosh Corporation - $1.1 billion credit facility (March 2022)
• Pentair plc - $1.1 billion credit facilities (December 2021)
• Johnson Controls International plc - $500 million credit facility (December 2021)
• nVent Electric plc - $900 million revolving and term credit facilities (September 2021)
• Cummins Inc. - $3.5 billion credit facilities (August 2021)
• Skyline Champion Corporation - $200 million revolving credit facility (July 2021)
• Badger Meter, Inc. - $150 million revolving credit facility (July 2021)
• Modine Manufacturing Company - $250 million revolving facilities and $155 million and €40 million term loan facilities (May 2021)
• BorgWarner Inc. - €1,000,000 senior notes (May 2021)
• A.O. Smith Corporation - $500 million credit facility (April 2021)
• Plantronics, Inc. - $500 million senior notes (March 2021)
• BorgWarner Inc. - $900 million term loan (February 2021)
• SmileDirectClub, Inc. - $650 million convertible senior notes (February 2021)
• Johnson Controls International plc - $500 million credit facility (December 2020)
• Cummins Inc. - $1.5 billion credit facility (August 2020)
• Steven Madden, Ltd. - $150 million credit facility (July 2020)
• Harley-Davidson, Inc. - $350 million credit facility (June 2020)
• SmileDirectClub, Inc. - $400 million term loan (May 2020)
• Cummins Inc. - $2 billion revolving credit facility (May 2020)
• Plexus Corp. - $138 million term loan facility (April 2020)
• BorgWarner Inc. - $750 million term loan facility (April 2020)
• Johnson Controls International plc - $300 million revolving credit facility (April 2020)
• Harley-Davidson, Inc. - $1.4 billion revolving credit facilities (April 2020)
• BorgWarner Inc. - $1.5 billion revolving credit facility (March 2020)
• Johnson Controls International plc - $3 billion revolving credit facilities (December 2019)
• Pentair Finance S.à r.l. - $200 million term loan facility (December 2019) 
• Briggs & Stratton Corporation - $625 million revolving credit facility (September 2019)
• Snap-on Incorporated - $800 million revolving credit facility (September 2019)
• Cummins Inc. - $1.5 billion revolving credit facility (August 2019)
• Modine Manufacturing Company - $250 million revolving facility and $155 million and €40 million term loan facilities (June 2019)
• Harley-Davidson, Inc. - $195 million revolving credit facility (May 2019)
• Johnson Controls International plc - $750 million term credit facility (January 2019)
• Wabash National Corporation - $175 million revolving credit facility (December 2018)
• Fiserv, Inc. - $2 billion revolving credit facility (September 2018)
• Regal Beloit Corporation - $1.4 billion revolving and term loan credit facilities (August 2018)
• Cummins Inc. - $3.5 billion revolving credit facilities (August 2018)
• Plantronics, Inc. - $1.375 billion revolving and term credit facility (July 2018)
• Whiting Petroleum Corporation - $1.75 billion revolving credit facility (April 2018)
• Pentair Finance S.à r.l. - $800 million revolving credit facility (April 2018)
• Harley-Davidson, Inc. - $780 million revolving credit facility (April 2018)
• nVent Finance S.à r.l. - $800 million revolving and term loan credit facilities (March 2018)
• Oshkosh Corporation - $1.175 billion revolving and term loan credit facilities (March 2018)
• Hanger, Inc. - $605 million term loan and revolving credit facility (March 2018)
• Neenah Foundry Company - $195 million revolving and term credit facilities (December 2017)
• Cummins Inc. - $1 billion revolving credit facility (September 2017)
• Harley-Davidson, Inc. - $100 million revolving credit facility (May 2017)
• MGIC Investment Corporation - $175 million revolving credit facility (March 2017)
• A.O. Smith Corporation - $500 million credit facility (December 2016)
• Modine Manufacturing Company - $625 million revolving and term loan credit facilities (November 2016)
• Hanger, Inc. - $280 million Term Loan B (August 2016)
• Bemis Company, Inc. - $1.3 billion credit and term loan facility (July 2016)
• Harley-Davidson, Inc. - $1.44 billion revolving five year credit facilities (April 2016)
• Briggs & Stratton Corporation - $500 million revolving credit facility (March 2016)
• Snap-on Incorporated - $700 million revolving credit facility (December 2015)
• Cummins Inc. - $1.75 billion revolving credit facility (November 2015)
• S.C. Johnson & Son, Inc. - $850 million 4.750% senior notes due 2046 (October 2015)
• Pentair Finance S.A. - $1.8 billion bridge commitment; $500 million 2.90% senior notes due 2018; $400 million 3.625% senior notes due 2020; $250 million 4.650% senior notes due 2025 and €500 million 2.450% senior notes due 2019 (September 2015)
• Johnson Controls, Inc. - ¥37 billion revolving credit facility (June 2015)
• Fiserv, Inc. - $2 billion revolving credit facility (April 2015)
• Journal Media Group, Inc. - $50 million revolving credit facility (April 2015)
• Oshkosh Corporation - $250 million 5.375% senior notes (March 2015)
• Whiting Petroleum Corporation - $750 million 6.25% senior notes (March 2015)
• Whiting Petroleum Corporation - $1.25 billion 1.25% convertible notes (March 2015)
• Oshkosh Corporation - $250 million revolving credit facility (January 2015)

Recent Receivables Conduit Facilities:

• Sherman Financial Group, LLC - revolving and term securitization of charged-off and bankrupt consumer receivables (May 2019)
• Sherman Financial Group, LLC - revolving and term securitization of credit card receivables (May 2019)
• Harley-Davidson, Inc. - $900 million revolving receivables conduit securitization facility (December 2016)
• Harley-Davidson, Inc. - $600 million revolving receivables conduit securitization facility (December 2015)
• Harley-Davidson, Inc. - extension of $600 million revolving receivables conduit securitization facility (September 2014)
• Sherman Financial Group, LLC - revolving and term securitization of credit card receivables (February 2014)

Recognition

• Selected for inclusion in BTI Consulting Group’s coveted Client Service All Stars (2022)
• Selected for inclusion in BTI Consulting Group’s coveted Client Service All Stars (2021)
• Recognized, AV Preeminent®, 5.0 out of 5 peer review rated, Martindale-Hubbell® Peer Review Ratings™
• Received a Tier 1 Ranking from Chambers USA: America's Leading Business Lawyers®  (2016 - 2022)
• Selected by her peers for inclusion in The Best Lawyers in America© in the fields of:
  • Banking and Finance Law (2013 - 2023)
  • Securitization and Structured Finance Law (2013 - 2023)

Publications

• Co-author, "The Law and Economics of Financial Markets: Lessons of History That Assure Success in the Future," Aspatore Books (2005)

Education

• The University of Chicago (J.D.)
• Marquette University (B.A., summa cum laude)
  • Member of Phi Beta Kappa

Admissions

• Missouri
• Wisconsin