THE FIRM Sidley Austin's Chicago-based banking and finance team is consistently involved in some of the market's most complex and significant work. Acting on behalf of both lenders and borrowers, it has recently been busy in a mix of refinancings, leveraged and acquisition financings and cross-border financings. As a specific example, the firm represented Colgate-Palmolive in a $1.8 billion credit facility for which Citibank acts as administrative agent.
Sources say: "They're extremely strong. It's why I go back to them time after time."
KEY INDIVIDUALS James Clark's commercial law and secured finance practice wins him the commendation of peers, who say he is "top-notch" and "a great lawyer." Recently, he represented U.S. Bank National Association, as administrative agent, in a $450 million credit facility to Graco.
"The exceptionally good" Michael Gold "can do any kind of transaction," according to market commentators. He is singled out in particular for his expertise in workouts and restructurings. He recently represented GE, as administrative agent, in a $180 million credit facility for Westwood One.
Bruce Bernstein is "a super guy and a great lawyer," respected for being a "tremendous contributor to the market." Recognized for lender representations, he is noted for his skill in secured transactions and restructurings.
Zulfiqar Bokhari is a "very efficient and relationship-oriented" attorney who focuses on senior credit facilities. "The way he lays out deals and explains them is just top-notch," said a source. He has recently represented BNP Paribas, Bank of America and JPMorgan Chase as administrative agents in credit facilities for various borrowers.
Allison Satyr, who focuses on syndicated and single-lender financings, is adored by clients, who assert that she is "fantastic, extremely knowledgeable and very thoughtful." She is commended for her willingness to "take the extra step - 'you ask the question and I'll walk you through a diagram' - always very thorough in her analysis."