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Karen Fries is the deputy leader of Bryan Cave’s Financial Services Client Service Group. The Financial Services Group represents banks and other financial services entities throughout the United States.  It is annually ranked as a national leader in merger and acquisition transactions as well as public and private capital issuances in the financial services industry.

Karen  practices primarily in the areas of lender and borrower representation in connection with finance transactions. She represents a number of public and private corporations in finance transactions. Her experience includes negotiation and documentation of secured and unsecured, syndicated and single-lender revolving credit and term loan facilities. She has also represented borrowers in private placements. Ms. Fries also has broad restructuring experience including negotiation and documentation of large, syndicated debtor in possession financing transactions, representation of secured and unsecured creditors in various aspects of chapter 11 cases and negotiation and documentation of out-of-court restructuring transactions.

Karen received a J.D. from Vanderbilt University School of Law in 1989.  She was a member of the Vanderbilt Law Review and a member of the Vanderbilt Chapter of the Order of the Coif.  Karen graduated, cum laude,  from Miami University in Oxford, Ohio in 1986 with a B.S. in Business.

Representative Experience

Following is a sample of significant engagements:

  • Counsel for administrative agent in connection with $200 million revolving credit agreement for debtor in possession financing
  • Counsel for multi-national borrowers in connection with $605 million secured revolving credit and term loan agreement
  • Counsel for multi-national borrowers in connection with $550 million revolving unsecured revolving credit agreement
  • Counsel for borrower in connection with $100 million secured revolving credit agreement.
  • Counsel for multi-national borrowers in connection with $1 billion secured revolving credit and inventory floorplan financing agreement
  • Counsel for administrative agent in connection with $52 million secured revolving credit, equipment line of credit and term loan agreement (including negotiation of intercreditor and subordination agreements with subordinated debt holders)
  • Counsel for major supplier to distressed manufacturing company in connection with pre-bankruptcy restructuring, negotiation of creditor protections in connection with debtor in possession financing provided by new investor and in connection with negotiation of plan of reorganization and related exit financing
  • Counsel for multi-national borrowers in connection with $450 million revolving credit agreement
  • Counsel to borrower in connection with $850 million revolving credit agreement
  • Counsel to borrower in connection with revolving credit, term and subordinated financing for sale of closely-held business to an employee stock ownership trust
  • Counsel to sellers in connection with multiple purchase agreements for the sale of accounts receivable
  • Issuance (for borrowers) and review (for lenders) of bankruptcy-related opinions (substantive consolidation and true sale) in connection with complex financing transactions