Douglas A. Nail
Partner | Atlanta Officednail@phrd.com
T: (404) 420-5565
F: (678) 533-7773
F: (678) 533-7773
Practice Group
Services
Education
- University of Georgia - (B.B.A., 1984)
- University of Georgia - (J.D., magna cum laude, 1988) Order of the Coif; Member, Editorial Board, Georgia Law Review, 1986-1987; Phi Delta Phi
Admitted to Practice
- Georgia
About Doug
Doug has practiced for nearly twenty years in the area of commercial lending and has extensive experience in structuring, negotiating, closing and restructuring asset-based and other secured loan transactions for banks and other lending institutions.
Over the last dozen years, Doug has developed a subspecialty in the representation of lenders in secured health care financing transactions to all types of health care providers. Doug is able to provide a unique level of service to lenders in this area with the support of Parker Hudson’s highly sophisticated health care regulatory practice.
Doug also has experience with the following types of finance-related transactions: representation of lenders in transactions involving the purchase and sale of commercial loan portfolios; representation of lenders in Shari’ah-compliant financing transactions; and representation of lenders in debtor-in-possession and exit financing transactions.
Over the last dozen years, Doug has developed a subspecialty in the representation of lenders in secured health care financing transactions to all types of health care providers. Doug is able to provide a unique level of service to lenders in this area with the support of Parker Hudson’s highly sophisticated health care regulatory practice.
Doug also has experience with the following types of finance-related transactions: representation of lenders in transactions involving the purchase and sale of commercial loan portfolios; representation of lenders in Shari’ah-compliant financing transactions; and representation of lenders in debtor-in-possession and exit financing transactions.
Professional and Civic Involvement
- Serves on the Firm's Partnership Committee
- State Bar of Georgia (Former Member, Legal Opinion Subcommittee, Uniform Commercial Code Committee, Corporate and Banking Law Section)
- American Bar Association
- Active member of St. Martin in the Fields Episcopal Church in Atlanta, Georgia
- St. Martin's Episcopal School Trustee (2001-2007)
- Coach, various youth sports programs
Honors
- Recipient, John and Mary Franklin Foundation Academic Scholarship
- Recipient, Teagle Foundation Academic Scholarship
Representative Engagements
- Represented national bank in the sale of a portfolio of commercial loans having a purchase price of $175,000,000, which involved advice and documentation in connection with the sale from the bidding procedures through closing
- Represented a national finance company in the sale of a portfolio of commercial loans having a purchase price in excess of $50,000,000
- Represented national bank as agent in $250,000,000 cross-border senior secured syndicated credit facility to consumer products company
- Represented national bank as agent in $100,000,000 senior secured syndicated credit facility to apparel company
- Represented national healthcare finance company in $35 million senior secured credit facility to provider of healthcare services to correctional institutions throughout the United States
- Represented national finance company in $30 million senior secured credit facility to manufacturer and distributor of transformer products
- Represented national healthcare finance company in $15 million senior secured credit facility to provider of specialty pharmaceutical products
- Represented national healthcare finance company in redocumentation of $6 million revolving credit facility to institutional pharmacy
- Represented national healthcare finance company in $17 million hybrid asset-based/cash flow credit facility to provider of mammography services
- Represented national bank as agent in $34.5 million senior secured credit facility to paper products company to fund a confirmed plan of reorganization and facilitate its exit from bankruptcy (originally structured as a Shari'ah compliant murabaha facility)
- Represented national finance company as agent in $135 million senior secured syndicated credit facility to waste disposal company
- Represented national finance company as agent in $45 million senior secured syndicated credit facility to vertically integrated furniture company
- Represented national finance company in $11.5 million senior secured credit facility to vision products retailer to facilitate exit from bankruptcy
- Represented national bank in $30 million senior secured credit facility to national provider of diagnostic imaging services closed in connection with a $300,000,000 public debt issuance by such provider of diagnostic imaging services
- Represented national finance company in $20 million senior secured asset-based loan transaction with Medicaid HMO company
- Represented national finance company in $25 million senior secured credit facility to national chain of photography studios
- Represented national finance company in $5 million senior secured asset-based loan transaction with factor of healthcare receivables
- Represented national finance company in $53 million senior secured credit facility to national fast food chain to facilitate exit from bankruptcy
- Represented national healthcare finance company in revolving credit facility to skilled nursing facilities operator
- Represented national healthcare finance company in $4 million revolving credit facility to respiratory pharmaceuticals wholesaler and retailer and subsequent $7.5 million revolving credit and term loan facility to facilitate stock acquisition of respiratory pharmaceuticals wholesaler and retailer by investment firm
- Represented national healthcare finance company in $5.3 million revolving credit and term loan facility to marketer and distributor of medical rehabilitation products
- Represented national healthcare finance company in $6 million revolving credit facility to for-profit hospital
- Represented national healthcare finance company in $10 million revolving credit facility to home healthcare provider
Publications and Presentations
- Speaker - In-house seminar presentations for clients on topics that include healthcare financing issues, Revised Article 9, real estate collateral and intercreditor agreements
- Speaker - Seminar sponsored by Lorman Education Services
- Speaker - Seminar sponsored by the Georgia Institute of Continuing Legal Education