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Troy L. Cady

Senior Counsel


One Oxford Centre
301 Grant St, 14th Floor
Pittsburgh, PA 15219
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Fax: 412.394.2555
J.D., with distinction, Hofstra University School of Law, Hempstead, New York, 1997
B.A., magna cum laude, West Virginia University, Morgantown, West Virginia, 1983, Philosophy and Economics
State Bar Licenses
New York
Court Admissions
U.S. District Ct., W.D. of Pennsylvania
U.S. District Ct., S.D. of New York
U.S. District Ct., E.D. of New York
U.S. Court of Appeals, 3rd Circuit

Troy L. Cady

Senior Counsel

Troy L. Cady is a Senior Counsel in the Banking & Financial Services Practice Group. His practice is concentrated in the areas of commercial finance, mergers and acquisitions, workouts, bankruptcy, and creditors' and debtors' rights. He obtained extensive experience as a law clerk for the Honorable Jerome Feller, United States Bankruptcy Judge in the Eastern District of New York, and while representing lenders, debtors and creditors in complex commercial and corporate Chapter 11 reorganization cases with a major New York City law firm.

Pennsylvania Super Lawyer
Allegheny County Bar Association
Representation of a national nursing home and assisted living facility operator in its Chapter 11 reorganization case. Assisted the company in its lease divesture program, and aided in the negotiation and formulation of a structured settlement in the United States government related to a claim of Medicaid-Medicare underpayment liability, both of which were integral to the company’s successful reorganization efforts.
Representation of a major telecommunications company in the largest Chapter 11 bankruptcy case commenced in the United States. Among other things, assisted the company's efforts to secure various forms of emergency relief upon the filing of its bankruptcy case and advised corporate executives in resolving the myriad crises the company faced during the initial stages of its reorganization.
Representation of the senior secured lender with respect to a $13,000,000 asset based credit facility, the proceeds of which were used, among other things, to finance the acquisition by the borrower of substantially all of the assets of a company in the book binding business. A portion of the credit facility was covered by a guarantee from the Export Import Bank of the United States.
Representation of the administrative agent with respect to a $75,000,000 asset based credit facility, the proceeds of which were used, among other things, to finance the acquisition by the borrower of substantially all of the assets of a metals merchant/broker. The credit facility was fully secured by all of the assets of the borrower, which included imported inventory for which numerous third-party consents and acknowledgements were negotiated, including among others customs brokers, port operators, commodity brokers, consignors and warehousers.
Counsel to the lender in connection with secured bank-qualified and non-bank qualified credit facilities for a private, non-profit assisted living facility operator, the proceeds of which were used to refinance existing indebtedness and for providing working capital.
Representation of the administrative agent for the senior secured lender group in the Chapter 11 case of a steel manufacturer that involved the orderly liquidation of the company’s major steel-making components and obtaining court approval for the $40,000,000 sale of the company’s primary assets over the objections of an alternative purchaser.
Counsel to the agent in connection with an approximately $41,000,000 debtor-in-possession financing of the Chapter 11 bankruptcy of a steel storage systems manufacturer that involved the roll-up of the syndicate's pre-petition debt and the negotiation of a consensual, orderly liquidation of the debtor's domestic and foreign assets with the committee of unsecured creditors and a junior secured creditor.
Representation of the purchaser in the successful $12,500,000 asset acquisition of the largest fireworks manufacturer and show presenter in the United States. The representation included assisting the client in the closing of a credit facility to partially fund the acquisition.