Heather Sonnenberg concentrates her practice in commercial finance, with a particular focus on asset-based and cash-flow financing for various industry sectors, including manufacturing, healthcare, and other service industries. She serves a wide range of clients, including banks, commercial finance companies, mezzanine lenders, and other institutional lenders, along with private equity firms, hedge funds and publicly and privately held corporations in the following areas:
· commercial financing
· asset-based financing
· cash-flow financing
· secured transactions
· healthcare financing
· real estate financing
· mortgage warehouse financing
Representative Matters
· Commercial finance subsidiary of an investment bank as the administrative agent and lead lender, in connection with a revolving credit and mortgage term loan facility to finance the acquisition of a senior-housing facility.
· Commercial finance subsidiary of an investment bank as the administrative agent and lead lender, in connection with a revolving credit and mortgage term loan facility to finance the acquisition of skilled-nursing facilities, assisted-living facilities and apartment complexes located in the southeastern U.S.
· An equity sponsor in connection with a term loan and revolving credit facility to finance the acquisition of a direct-marketing company and ongoing working capital needs.
· An equity sponsor in connection with a term loan and revolving credit facility to finance the acquisition of a direct-marketing company and ongoing working capital needs.
· An equity sponsor in connection with a senior and mezzanine credit facility to finance the acquisition of a computer-accessory design and manufacturing company.
Community Service & Affiliations
Ms. Sonnenberg is the Vice Chair of the Secured Lending Subcommittee of the Commercial Finance Committee of the Business Law Section of the American Bar Association.
Memberships
American Bar Association
Events
HEALTHCARE 201: ADVANCED PRINCIPLES OF HEALTHCARE FINANCE
[Event]
ABA Commercial Finance and Uniform Commercial Code Committees' 2011 Fall Meeting
New York Marriott
November 16, 2011
Michael B. Schaedle and Heather Sonnenberg
UNIFORM COMMERCIAL CODE: ARTICLE 9-SECURED TRANSACTIONS
[Event]
Sterling Education Services CLE Program
Wilmington, Delaware
November 1, 2011
Heather Sonnenberg
IN SICKNESS AND IN HEALTH: THE FUNDAMENTALS OF HEALTHCARE FINANCE
[Event]
ABA 2011 Annual Meeting
Toronto, Canada
August 4-9, 2011
William E. Gramlich and Heather Sonnenberg
IT'S A WRAP! THE MODEL DEPOSIT ACCOUNT CONTROL AGREEMENT FINAL REPORT
[Event]
American Bar Association
New York City
August 10, 2008
Heather Sonnenberg
Publications
MULTIPLE LOCATIONS? NEGOTIATING LANDLORD WAIVERS AND THEIR IMPORTANCE IN A TROUBLED LOAN SCENARIO
[Article]
ABF Journal
September 2008
Kevin J. Baum and Heather Sonnenberg
CO-AUTHOR: BE CAREFUL WHAT YOU LOOK FOR: IT COULD BE AN AUTHENTICATED RECORD
[Article]
LJN's Equipment Leasing Newsletter, Volume 23, Number 7
August 2004
Mark I. Rabinowitz and Heather Sonnenberg
Cases and Deals
AFFILIATES OF ZS FUND PURCHASE EQUITY INTERESTS IN INDUSTRIAL AIR TOOL
[Deal]
August 15, 2011
Gary R. Goldenberg, Brian J. McTear, Thomas B. McKernan III, Cory G. Jacobs and Heather Sonnenberg
Affiliates of ZS Fund, LP and other existing equity holders in their purchase of additional equity interests in Industrial Air Tool, LP, LLP and its general partner, IATGP, LLC, from another existing equity holder.
CODI, INC. IN A REFINANCING TRANSACTION
[Deal]
September 2009
Lawrence F. Flick II and Heather Sonnenberg
Codi, Inc. and a portfolio company of Milestone Partners, in a refinancing transaction for an undisclosed amount.
PENN DETROIT DIESEL-ALLISON IN A REFINANCING
[Deal]
June 2009
Mathew S. Rotenberg and Heather Sonnenberg
Penn Detroit Diesel-Allison and a portfolio company of Allied Capital Corporation in a refinancing transaction for an undisclosed amount.
FARM & HOME OIL COMPANY ACQUIRED BY BUCKEYE PARTNERS FOR $145.5 MILLION
[Deal]
February 8, 2008
Gary R. Goldenberg, Kipp B. Cohen, Cory G. Jacobs, Samuel H. Becker, Margaret Anne Hill, Daniel J. Ivler, et al.
Farm & Home Oil Company, in its acquisition by Buckeye Partners, L.P., for $145.5 million.
LIBERTY PARTNERS ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH CONCORDE
[Deal]
June 21, 2006
Arthur Bachman, Linsey B. Bozzelli and Heather Sonnenberg
Liberty Partners in its acquisition of Concorde Career Colleges, Inc., for approximately $115 million.