Michael Maglio's practice is concentrated in the areas of commercial and corporate finance, asset-based lending, and other secured and unsecured lending. He is a member of the firm’s Finance Group, Bankruptcy and Creditors’ Rights Team, and Sustainability Group.
Mr. Maglio represents institutional lenders and borrowers in structuring, negotiating, and documenting complex single- and multiple-lender, single- and multiple-obligor, and single- and multi-tiered financing transactions. His experience includes the representation of senior lenders in complex commercial, asset-based and acquisition financings across various industries, such as telecommunications, construction, media, marketing, manufacturing, aviation, healthcare, real estate and transportation. He recently represented the agent and syndicate of lenders in connection with a $350 million senior secured revolving credit facility to affiliate companies providing intermodal trucking services throughout North America.
Creditors’ Rights and Debt Restructurings
In addition to his transactional finance practice, Mr. Maglio regularly advises clients in the areas of creditors' rights and problem loan workouts, with particular emphasis on default resolution and loan restructurings. Mr. Maglio recently guided a client, in its separate capacities as senior agent, senior lender and junior lender, through a restructuring of complex senior and subordinated construction loan facilities that exceeded $33 million to a company engaged in the design, procurement, and installation of a 10.3 MW gas-fired combined co-generation and ice production facility.
Sustainability and Green Finance
As a member of the firm’s interdisciplinary Sustainability Group, Mr. Maglio represents lenders in financing transactions to green project development and renewable energy companies. Mr. Maglio recently represented an institutional lender providing a $22 million construction loan to an affiliated group of companies to fund the construction costs associated with the design, procurement, and installation of 26 MW commercial rooftop solar array projects for two Fortune 50 companies to be located on 60 commercial buildings in four states.
Mr. Maglio lectures frequently on issues relating to commercial lending and distressed loan workouts. He served as a member of advisory committees appointed by the Connecticut Law Revision Commission to study and advise the Connecticut legislature on the enactment of commercial law legislation, including Revised Article 9 of the Uniform Commercial Code.