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As a Partner and Chair of Calfee's Commercial and Public Finance practice, Karl Beus counsels and represents borrowers and lenders in corporate and financing transactions.

For more than 25 years, Karl has provided legal and transactional advice to a broad group of clients, including Fortune 500 companies, commercial banks, investment banks, private equity firms, government agencies, developers and privately held borrowers in large, complex domestic and cross-border transactions such as leveraged financings, leveraged buyouts, recapitalizations, acquisitions, refinancings, project financings, public and private debt offerings and restructurings, equipment financings, derivatives transactions, debtor-in-possession financings and workouts. Karl also regularly assists corporate borrowers in capital structure planning and in optimizing domestic and international cash and treasury management systems.

In addition to his finance work, Karl works closely with corporate clients in structuring and negotiating complex commercial transactions, including domestic and international supply and distribution agreements, purchase contracts, joint ventures and technology agreements.

Since 2007, Karl has been recognized for his work in Banking & Finance by Chambers USA. Most recently, in 2020, Karl was ranked in Band 2 in Banking & Finance in Ohio. Clients reported to Chambers USA researchers that "[Karl has] strong knowledge of the law and vast experience in negotiating deals and financing," with sources commending his abilities in "bringing very complex matters to their practical essence." In 2020, he was also named Finance Law “Lawyer of the Year” in Cleveland by The Best Lawyers in America©.

Karl began his tenure with Calfee in 1992 and was elected partner in 2002.

Locations

  • The Calfee Building
    1405 East Sixth Street
    Cleveland, OH 44114-1607
  • 1200 Huntington Center
    41 South High Street
    Columbus, OH 43215-3465

Education

  • University of Idaho , J.D., graduated 1989
  • University of Utah , B.A., graduated 1989

Bar Admissions

  • United States, Ohio

Affiliations

  • American Bar Association - Member
  • Cleveland Metropolitan Bar Association - Member
  • Ohio State Bar Association - Member

Lawyer of the Year Badge - 2020 - Banking and Finance Law

Named "Lawyer of the Year" by Best Lawyers® for:

  • Banking and Finance Law, Cleveland (2020)

Recognized in The Best Lawyers in America® 2023 for work in:

  • Banking and Finance Law
  • Commercial Finance Law

Special Focus

  • Asset-Based Lending
  • Bond Finance
  • Commercial Finance
  • Derivatives
  • Finance
  • Letters of Credit
  • Loan Documentation
  • Mezzanine Finance
  • Secured Transactions
  • Structured Finance
  • Syndicate Transaction Lending
  • Transactions

Awards:

  • Chambers USA, Banking & Finance, Band 2 (2007-2022)
  • IFLR1000 – Guide to the World’s Leading Financial Law Firms, “Highly Regarded Attorney” in Banking (2018-2023)
  • The Best Lawyers in America©, Banking and Finance Law (2006-2023); Commercial Finance Law (2021-2023)
  • The Best Lawyers in America©, Banking and Finance Law "Lawyer of the Year" in Cleveland (2020)

RPM International Inc. - Cross-Border Loan

Acted for RPM International Inc. (RPM) in a $400 million senior unsecured term loan, including a $100 million cross-border loan and related multicurrency fixed to floating rate swap transactions.

Installed Building Products, Inc.

Acted for Installed Building Products, Inc. (IBP) in a $200 million senior secured asset-based credit facility, with related $300 million senior secured Term Loan B and unsecured $300 million high yield bond issuance.

Minerals Space Company - Restructuring Project

Acted for a company in the minerals space in restructuring over $250 million in equipment purchase obligations.

Minerals Space Company - Structuring Project

Acted for a company in the minerals space in structuring $500 million in notional amount of multicurrency fixed to floating rate swap transactions.

The J. M. Smucker Company

Acted for The J. M. Smucker Company (JMS) in acquisition financing involving a Senior Unsecured $1.9 billion bridge financing commitment and Senior Unsecured $1.5 billion permanent term loan financing.

Applied Industrial Technologies, Inc. - Securitization Facility

Acted for Applied Industrial Technologies, Inc. (AIT) and certain of its subsidiaries in a $175 million receivables securitization facility.

Mining Company Restructuring

Acted for a large mining company in the restructuring of over $600 million in equipment lease obligations.

Commercial Paper Facility

Acted for US subsidiaries of Continental AG in establishing a $500 million commercial paper facility.

Wells Fargo Bank

Acted for Wells Fargo Bank in a $120 million syndicated secured loan facility with an automobile parts manufacturer.

RPM International Inc. - Notes Issuance & Redemption

Acted as counsel to RPM International Inc. (RPM) in the issuance of $350 million of senior unsecured notes and the concurrent redemption of $300 million in convertible notes.

HVAC Space

Acted for a privately held manufacturer in the HVAC space with respect to a $120 million credit facility for the acquisition of a target with operations in the United States and Mexico.

Applied Industrial Technologies, Inc. - Bridge

Acted for Applied Industrial Technologies, Inc. (AIT) in acquisition financing involving a Senior Unsecured $1.2 billion bridge financing commitment and Senior Unsecured $1.03 billion permanent term loan financing.

Home Products Manufacturer - Mezzanine Loan

Acted for a private equity sponsor in $45 million senior secured credit facility and unsecured mezzanine loan to a home products manufacturer.

Automotive Parts Manufacturer

Acted for a national bank in the restructuring of a $60 million secured loan to, and the ultimate workout and liquidation of, a sponsor-owned automotive parts manufacturer with operations in the United States and Mexico.

Sale of Sponsor-Owned Explosive Manufacturer

Acted for the agent bank in the restructuring of a $100 million syndicated secured loan to a sponsor-owned explosives manufacturer, leading ultimately to the sale of the company.

Construction Products Company

Acted for a national bank in the restructuring of a $40 million loan to a construction products company, resulting ultimately in a sale of the loan position at a discount.

National Bank - Distressed Loan Sales

Primary outside counsel to a national bank in connection with all distressed loan sales.

Chart Industries Inc. - Loan Financing

Acted as counsel to Chart Industries Inc. (GTLS) in a $450 million senior secured revolving credit and term loan financing.

Chart Industries Inc. - Convertible Notes

Acted as issuer’s counsel to Chart Industries Inc. (GTLS) in an offering of $225 million of subordinated convertible notes (144A), with related call spread overlay.

Ohio Department of Transportation

Acted for the State of Ohio in connection with the Ohio Department of Transportation’s first (and only, to date) design/build/finance/operate and maintain procurement for a 16-mile, four-lane highway in southeast Ohio; the engagement included preparation of the procurement documents, including Public Private Agreement.

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