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D. Craig Russell III



One Oxford Centre
301 Grant St, 14th Floor
Pittsburgh, PA 15219


Two Commerce Square
2001 Market St, Suite 2620
Philadelphia, PA 19103
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Fax: +14123942555
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LL.M., University of London, Queen Mary and Westfield College, 1998, (Centre for Commercial Law Studies) Banking and Finance
J.D., Duquesne University School of Law, Pittsburgh, Pennsylvania, 1997
B.A., Washington and Jefferson College, Washington, Pennsylvania, 1994, English
State Bar Licenses
Court Admissions
U.S. District Ct., W.D. of Pennsylvania

D. Craig Russell III


D. Craig Russell III is in the firm's Banking & Financial Services practice group. He brings over seventeen years’ experience representing both lenders and borrowers in commercial finance transactions and is focused on meeting his client’s needs and expectations in the most effective and efficient way possible through open communication, attention to detail, and a strong work ethic. Ultimately, he understands his role as facilitator when executing the client’s business transaction and is mindful of the necessary balance between the technical/legal and practical/business elements of each transaction.

Specifically, Craig represents clients in connection with the documentation, negotiation and consummation of a wide variety of commercial finance transactions including asset-based working capital finance, commercial/industrial loans (both secured and unsecured) and commercial real estate financing transactions. Representative transaction structures include:

  • single-bank/single borrower
  • single-bank/multi-borrower
  • syndicated loans
  • complex financing structures, including:
  • mezzanine loans
  • senior term loans and bond/indenture financings
  • intercreditor/subordination documentation

He also serves as review counsel for commercial lenders acting as co-lenders in syndicated transactions.

In addition to loan origination transactions, Craig also represents commercial lenders on issues regarding creditors’ rights and the documentation and negotiation of commercial loan restructuring and workouts.  

Speaking Engagements

  • Facilitator, "Harnessing the Power of Change to Drive Corporate Growth & Win," ACG Pittsburgh, October 2019
The Best Lawyers in America
American Bar Association
Pennsylvania Bar Association
Allegheny County Bar Association
Associate Member, Pittsburgh Chapter of the Commercial Finance Association
Pittsburgh Chapter of the Turnaround Management Association
Counsel to the administrative agent and lead arranger in connection with a secured credit facility provided to a manufacturer of specialized drilling equipment the proceeds of which were used to refinance existing indebtedness and for working capital and general corporate purposes
Counsel to the administrative agent and lead arranger in connection with a $201,800,000 senior secured credit facility to finance the acquisition of the stock of a specialty metals company. The credit facility is secured by all assets of the loan parties, including all of the capital stock of each of the loan parties. The credit facility also involved the merger of the acquired company into the borrower, as well as the negotiation of a subordination agreement with third party lenders who helped to finance the acquisition
Counsel to the administrative agent in an approximately $70 Million asset-based credit facility obtained in connection with the acquisition of the assets of a bankrupt manufacturing company under Section 363 of the United States Bankruptcy Code. In addition, our representation of the administrative agent included the documentation and negotiation of an intercreditor agreement with respect to mezzanine debt extended by the acquiring entity's equity sponsor
Counsel to the agent in connection with a secured syndicated credit facility to finance the recapitalization of an NFL franchise. In addition to structuring, drafting and negotiating the loan documentation and performing the appropriate due diligence, we reviewed the NFL Constitution and ByLaws and the franchise agreement and negotiated a consent agreement with the NFL in connection with the same
Counsel to the agent in connection with a secured credit facility to (i) finance the acquisition of the stock of a construction equipment company, (ii) refinance existing revolving credit indebtedness and (iii) provide for general corporate purposes, including working capital requirements and capital expenditures
Counsel to the administrative agent and lead arranger with respect to an $85,000,000 senior secured asset-based revolving credit facility including a letter of credit subfacility for a manufacturing company in the styrofoam business. The proceeds of the credit facility were used to refinance existing senior indebtedness of the company and were also used for general corporate and working capital purposes. The credit facility was secured by liens on substantially all of such company's personal property (excluding equipment)