Connor, Steven
Steven Connor
+1.615.850.8124

Overview

Steven Connor is a financial services attorney in Holland & Knight's Nashville office and leads the Firm's debt financing practice within the Legal Services Transactions Team.

Specialty finance companies, direct lenders, banks, secured creditors and private equity sponsors rely on Mr. Connor to advise on sophisticated commercial finance transactions. He has extensive experience structuring and negotiating asset-based and cash flow credit facilities, restructuring existing debt arrangements and advising clients across a broad range of industries, including legal services, healthcare, technology, manufacturing and consumer products.

Drawing on his experience as a former business owner, Mr. Connor brings a practical, business-oriented perspective to every transaction. He understands the priorities and concerns of all parties involved and helps clients navigate complex negotiations while aligning transaction structures with their objectives and risk tolerance.

Mr. Connor focuses on the following areas:

  • senior and subordinated credit facilities
  • acquisition and expansion financing
  • healthcare asset-based and cash flow lending
  • legal services management services organization (MSO) financing
  • 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 $230 million senior credit facility with a direct lender
  • Represented a sponsor-backed legal services management services organization (MSO) regarding a $275 million senior credit facility with a direct lender in connection with the acquisition of non-professional assets of law firms
  • Represented a sponsor-backed legal services MSO regarding a $79 million senior credit facility with a direct lender in connection with the acquisition of non-professional assets of law firms
  • Represented a sponsor-backed legal services MSO regarding a $65 million senior credit facility with an institutional lender in connection with the acquisition of non-professional assets of law firms
  • Represented a dental service organization (DSO) in connection with a $64 million senior credit facility with a direct lender
  • Represented a medical equipment supplier in connection with a $115 million senior credit facility with an institutional lender
  • Represented a sponsor-backed behavioral healthcare company regarding a $55 million senior credit facility with a specialty lender
  • Represented a sponsor-backed endodontic service organization regarding the amending and syndication of a $175 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
  • Represented a nutritional supplement company in a $175 million syndicated senior revolving credit facility
  • 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 an equipment financing company in connection with a $70 million warehouse line of credit with an institutional lender
  • Represented a drug development and manufacturing company in a $45 million senior credit facility with a direct lender
  • Represented a whiskey production company in a $115 million senior credit facility with a national bank
  • Represented a sponsor-backed stone countertop retailer in connection with a $16.5 million senior credit facility with a national bank
  • Represented a sponsor-backed dermatology company regarding a $20 million note issuance to a direct lender

  • Represented a national bank regarding a $370 million syndicated revolving credit facility to an insurance and healthcare company
  • Represented a national bank in connection with a $123 million syndicated senior credit facility to an optical retailer
  • Represented a national bank in connection with a $100 million revolving credit facility to a healthcare technology company
  • Represented a national bank regarding a $75 million revolving credit facility to a women's digital health company
  • Represented a national bank regarding a $50 million revolving credit facility to a behavioral healthcare company
  • Represented a large financial services company as administrative agent and lender in an asset-based revolving credit facility of more than $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 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 a 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
  • Represented a national bank in connection with a $15 million revolving credit facility to a mining company

  • 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
Honors & Awards
  • The Best Lawyers in America guide, Banking and Finance Law, 2025, 2026

Publications

Speaking Engagements

News