Steven M. Ellis is the Chairman of Proskauer. He is a partner in the Corporate Department, the immediate past co-head of The Private Credit Group and a long-serving member of the Executive Committee.
With one of the largest client rosters in the industry, Steve represents an array of secured lenders, second lien lenders, debt funds and private equity funds in all types of transactions from recapitalizations to acquisitions. He specializes in private credit financing transactions, including innovative, first-in-kind structures.
Steve actively represents more than 75 asset managers. He advises lenders investing in private companies across the U.S. and Europe in transactions ranging from multimillion to multibillion dollar deals.
Steve spends a substantial amount of time negotiating financing and acquisition transactions and focusing on various debt facilities, including: working capital loans; subordinated debt; second lien loans; intercreditor issues and distressed debt facilities related to IPOs; recapitalizations; mergers and acquisitions; and private equity and going-private transactions.
In addition, Steve has substantial experience in creditor rights and insolvency. He regularly represents alternative investors in distressed debt acquisition and private credit investors in restructurings and investing for control. Steve has also represented companies and other creditor constituencies in insolvency proceedings.
Steve serves as a board member for Team IMPACT, Inc., a nonprofit dedicated to improving the lives of kids battling diseases. A network of volunteers, coaches and players, Team IMPACT matches children facing serious or chronic illnesses with college athletic teams to form relationships that have life-changing outcomes.