Advising funds, banks, and other lender and lessor financial services institutions on transactions, Vic Des Laurier centers his practice on syndicated and bilateral asset based lending and commercial loan transactions. He also brings extensive experience to loan workouts, restructurings, and voluntary and involuntary liquidations.
Vic’s clients include many Chicago-based organizations, as well as entities across the country. He takes a practical yet creative approach and individualizes plans to complete deals as quickly and efficiently as possible. Clients rely on Vic’s ability to adeptly protect their positions, resolve problems and keep them well-advised on market practices.
Drawing on his background as a prior certified public accountant, Vic fully understands financial statements, enabling him to provide informed advice from a business-savvy standpoint.
To optimize clients’ time, Vic distills complex issues into the most relevant points and then suggests straightforward plans for moving forward. He works diligently to lift burdens from clients.
Vic leads Thompson Coburn’s Chicago Banking and Commercial Finance practice and co-chairs the firm’s national Banking and Commercial Finance Practice. He also serves as a member of the firm’s Executive Committee and Management Committee.
experience
- Represented lead bank and agent in $250 million multi-currency revolving credit facility and $150 million term loan facility provided to a large national entity in the construction industry.
- Represented lead bank and agent in syndicated $100 million working capital and $40 million term loan secured facilities.
- Represented lead bank and agent in $75 million multi-borrower, steel processing roll-up, revolving and term loan facility.
- Represented senior lender in $50 million bilateral ESOP credit facility.
- Represented sole lender in $22 million bilateral secured facility provided to a company in the insurance industry.
- Guided secured lender in pre-bankruptcy planning, bankruptcy DIP financing and Section 363 Bankruptcy sale of importer of goods. Bankruptcy was primarily caused by company’s failure to pay U.S. customs duties.
- SFNet
- American Bar Association
- Chicago Bar Association
- The Loan Syndications and Trading Association
- Listed in Illinois Super Lawyers (by Thomson Reuters), 2009-2024
- Listed in Chambers USA for Banking & Finance in Illinois (by Chambers & Partners), 2010-2015
- Interviewed, “The Legal Landscape in the Commercial Finance Industry”
ABL Advisor, November 1, 2024 - Co-Author, “The Do’s and Don’ts of Personal Guaranties”
Credit Today, November 2002 - Co-Author, “Secured Transactions Manual”
Credit Research Foundation
- Spoken at numerous credit association functions on the subjects of loan and credit documentation, Article 9 of the UCC and related creditors’ rights issues.
- “Credit Applications”
National Association of Credit Managers (NACM) Conference, 2004
I enjoy playing tennis, running, and snow and water skiing. I follow sports and am a big fan of the Chicago teams — the Bears, Bulls, Blackhawks, and Cubs. In addition, my wife and I enjoy spending time with our three adult children, usually over great food and drink.