Nancy L. SchimmelNancy Schimmel Clark Hill
Nancy L. Schimmel
Nancy Schimmel represents clients in connection with commercial loan and letter of credit facilities, with emphasis on receivable securitizations.
Nancy represents domestic and foreign banks, their commercial paper conduits and the originators of loan, lease and trade receivables in connection with both on- and off-balance sheet securitizations of such assets. She also assists lenders and borrowers with secured and unsecured working capital and leveraged acquisition financings, as well as high-yield bridge loans, letters of credit, bankers’ acceptance facilities, supply chain receivables purchase facilities, asset-based financings, restructurings of problem loans, cash-collateral orders and debtor-in-possession financings.
Her transactional experience spans such diverse industries as food production and distribution, cement, equipment and consumer goods manufacturing, oil and gas production, equipment leasing, hospitality, health care, pharmaceuticals, medical diagnostic testing, retailing, payroll processing, telecom, air and surface transportation, paper products and metals processing.
She particularly enjoys helping her clients develop new credit products and applications for existing financing techniques such as structured installment timberland purchases and letters of credit secured by actively-traded securities portfolios that support large class action settlement payments.
Prior to joining Clark Hill, Nancy was a Partner in the Chicago office of Barnes & Thornburg LLP, where she was a member of the Corporate Department, co-chair of the Firm’s Lending & Structured Finance Practice Group, and chair of its New York Law Practice Group. Nancy was also a Shareholder at Greenberg Traurig, LLP and a Partner at Latham & Watkins LLP, Chicago. Nancy served for six years in the U.S. Banking Section of the Law Department of The First National Bank of Chicago, where she taught commercial law and bankruptcy in First Chicago’s loan officer training program.