Christopher M. McDermott 

Partner – Charlotte, New York
T.+1 704 348 5184
chris.mcdermott@cwt.com
227 West Trade Street
Charlotte , NC 28202 V-CARD
T.+1 212 504 6184
200 Liberty Street
New York, NY 10281

Chris McDermott's principal practice involves the representation of commercial banks and other financial institutions in commercial lending and other financing transactions, including general secured and unsecured lending transactions, syndicated bank financings, refinancings, leveraged buy-outs and other acquisition financings, commodity, energy and other asset-based lending transactions, hedge fund financings, and distressed, debtor-in-possession and exit financings. Chris is also focused on innovation and emerging technologies impacting financing transactions, including blockchain technology. He serves financial clients in New York, Charlotte and other markets.

He graduated from Williams College, cum laude, where he was elected to Phi Beta Kappa. He received his J.D. from Duke University School of Law, where he was Managing Editor of the Duke Law Journal. Chris has been recognized by the Legal 500 in the Bank Lending practice area.

Chris is admitted to practice in the States of New York and North Carolina and is a member of the Association of the Bar of the City of New York, the New York State Bar Association, and the North Carolina State Bar.

Recent representative transactions in which Chris had a leading role include:

  • Representing BNP Paribas, as administrative agent, collateral agent and a lender, in the amendment and upsize of an approximately $1.8 billion (expandable to $2.4 billion) syndicated secured multicurrency committed working capital credit facility for a leading physical commodities and merchant finance firm.
  • Representing The Renco Group, Inc. and certain subsidiaries in various asset-based credit facilities, term loan facilities and related financings.
  • Representing Société Générale, as administrative agent, collateral agent swingline lender and issuing lender, in a $500 million cross-border secured uncommitted soft commodity credit facility for an international coffee exporter.
  • Representing Natixis, New York Branch, as administrative agent, collateral agent, and letter of credit issuer, in connection with committed borrowing base credit facilities to a major airline financing fuel inventories.
  • Representing BNP Paribas, as administrative agent, collateral agent and a lender, in the amendment and upsize of an approximately $1.5 billion (expandable to $2 billion) syndicated secured multicurrency committed working capital credit facility for a leading physical commodities and merchant finance firm.
  • Representing The Bank of Tokyo-Mitsubishi UFJ, Ltd., as arranger and administrative agent, in connection with a $700 million committed revolving asset-based credit facility for a global merchant commodities firm.
  • Representing BNP Paribas, as administrative agent, collateral agent and a lender, in a $400 million (expandable to $640 million) syndicated secured multicurrency uncommitted working capital credit facility for a global commodities logistics and trading company.
  • Representing ING Capital LLC, as administrative agent and collateral agent, in a $55 million senior secured uncommitted syndicated revolving credit facility for an independent supplier of ferroalloys in North America.
  • Representing ABN AMRO Capital USA LLC, as purchaser, in a $150 million uncommitted limited recourse accounts receivable discounting facility for an international commodity trading company with respect to certain USD accounts receivable generated by the sale of petroleum products by the company.
  • Representing JPMorgan Chase, as administrative agent, in two revolving credit facilities aggregating $325 million for ESH Hospitality, Inc., the largest owner/operator of company-branded hotels in North America, in connection with its IPO as a REIT, and for Extended Stay America, Inc., an affiliate.
  • Representing BNP Paribas as administrative agent and collateral agent, and BNP Paribas Securities Corp., as sole lead arranger and sole bookrunner, in the amendment and restatement of a $500 million syndicated secured working capital facility (expandable to $700 million) for an energy trading and terminal company.
  • Representing BNP Paribas, as administrative agent and collateral agent, in connection with $750 million in uncommitted secured working capital facilities and $100 million secured term loan facilities for an energy marketer and owner and operator of energy storage terminals.

NEWS

RESOURCES

Clients & Friends Memos

Christopher M. McDermott 

Admissions

  • New York
  • North Carolina

Education

  • Williams College
    B.A., 1982, cum laude
  • Duke University School of Law
    J.D., 1986

Cadwalader News

ACI Summit on Controlled Substances: Regulation, Litigation and Enforcement

Jodi Avergun is speaking at this ACI event on January 30 in Washington, DC.

Cadwalader Subscription Center