Lenders, creditors and borrowers routinely seek advice from Daniel Flournoy on matters related to senior and subordinated commercial credit facilities, distressed debt, financial restructurings, and bankruptcy litigation. Daniel works on a diverse set of matters, for clients in the healthcare, financial services, and automotive industries including:
· Asset-based loans
· Secured financings
· Intercreditor arrangements
In addition, healthcare clients rely on Daniel's day-to-day counsel in connection with loan restructurings and workouts ranging in value from $5,000,000 to $250,000,000. He has assisted national hospital systems in obtaining and complying with senior secured credit and debt facilities from $500,000,000 to $1,000,000,000.
Experience
· Represented a major manufacturer in the negotiation of contracts with distressed suppliers in bankruptcy, and out-of-court restructurings.
· Assisted the litigation team representing the Indenture Trustee in the Circuit Court of Jefferson County, Alabama, in connection with litigation against Jefferson County, Alabama, related to defaults of more than $3,200,000,000 in pledged revenue bonds issued to fund capital improvements to Jefferson County's sewer system; litigation against Jefferson County resulted in a $512,000,000 judgment against Jefferson County and the appointment of a receiver to control the County's sewer system.
· Assisted a healthcare specialty lender in restructuring its loan to a distressed durable medical equipment company with senior and subordinate debt of over $100,000,00.
· Assisted a national home health care agency in obtaining and later refinancing its senior and subordinate term and revolving credit facilities in excess of $200,000,000.
Professional
· Member, Nashville, Tennessee, and American Bar Associations
· Member, American Health Lawyers Association
· Member, Nashville Health Care Council
Community
· Executive Committee Member, Delta Waterfowl
· Volunteer, Boys & Girls Clubs of Middle Tennessee
Up Close
Daniel is an avid outdoorsman, who enjoys backpacking, fly fishing, photography, and running marathons.