Steven Connor
615.850.8124
Overview
Steven Connor is a financial services attorney in Holland & Knight's Nashville office. Specialty lenders, banks, secured creditors and private equity firms turn to Mr. Connor for counsel and representation in complex commercial financial transactions. He has extensive experience negotiating and restructuring asset-based and cash flow loans and other credit facilities for lenders, and he advises clients in transactions related to healthcare, manufacturing, consumer products and other industries. Having previously owned a business, Mr. Connor understands what's important to clients on both sides of commercial finance transactions, and he endeavors to adjust transaction risk when structuring deals based upon the client's risk tolerance.
Specific areas of his focus include:
- senior and subordinated credit facilities
- acquisition and expansion financing
- healthcare asset-based and cash flow lending
- finance restructuring
- senior note offerings
- warehouse lines of credit
Representative Experience
- Represented the Tennessee Titans NFL franchise in negotiating, documenting and closing credit facilities needed to recapitalize and fund a minority share redemption
- Represented a sponsor-backed behavioral healthcare company regarding a $55 million senior credit facility with a specialty lender
- Represented Duke LifePoint Healthcare in its $500 million acquisition of Conemaugh Health System, west-central Pennsylvania's largest health system, including three hospitals, outpatient facilities and physician practices
- Represented Duke LifePoint in its acquisition of Marquette General Hospital in Michigan for $483 million
- Represented a sponsor-backed endodontic service organization regarding the amending and syndication of a $95 million senior credit facility
- Represented a specialty finance firm in a $147.5 million syndicated financing package to a private equity backed provider of mobile equipment services to the urology industry focused on lithotripsy, laser and cryoablation systems
- Advised Healthcare Realty Trust Incorporated in its merger with Healthcare Trust of America
- Represented a nutritional supplement company in $175 million syndicated senior revolving credit facility
- Represented a large financial services company as administrative agent and lender in an asset-based revolving credit facility of over $100 million with subsidiaries of a skilled nursing facilities operator
- Represented the agent in connection with a defaulted $110 million syndicated loan to an ambulatory surgery center and pain management company
- Represented a middle-market specialty finance firm as lender in negotiating and closing a credit agreement amendment in connection with a sponsor-leveraged financing
- Represented a national bank regarding a credit facility to a large independent physician practice, which consisted of a $55.0 million revolving loan
- Represented a specialty lender in negotiating, documenting and closing a $39.6 million senior credit facility provided to finance the acquisition of a chiropractic practice management group, which included extensive healthcare due diligence and negotiating complex intercreditor arrangements with a second lien lender
- Represented a specialty finance firm in a $65 million term loan and $33 million revolving credit facility to sponsor-backed pharmaceutical distributor
- Advised a middle market-focused, specialty finance firm through the structuring and closing of a $96.3 million term loan, $5 million delayed draw term loan and $15 million revolving loan to provide acquisition financing to a third-party logistics provider
- Served as lead transaction counsel to Radio Systems in its acquisition by an affiliate of Clayton Dubilier & Rice (CD&R), a private equity firm
- Represented the Regional Health Network of Kentucky, a joint venture between Norton Healthcare and LifePoint Health, in its acquisition of Clark Memorial Hospital in Jeffersonville, Kentucky
- Served as special healthcare, real estate and diligence counsel to Ventas, Inc. during its acquisition of Ardent Medical Services for $1.75 billion
Credentials
Education
- Washington University in St. Louis School of Law, J.D.
- Lipscomb University, B.S., Business Administration
Bar Admissions/Licenses
- Tennessee
Memberships
- Nashville Bar Association
- Tennessee Bar Association
- American Bar Association
- American Health Law Association
- American Bankruptcy Institute
- Sierra Club of Middle Tennessee, Volunteer
- Musicians' Corner, Advisory Board, Former Member