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Lawyer Profile

Image of Richard F. Kadlick

Richard F. Kadlick

Skadden, Arps, Slate, Meagher & Flom LLP
  • Recognized Since:
    2006
  • Recognized in:
    Securitization and Structured Finance Law
  • Law School:
    Georgetown University
  • Website:
    http://www.skadden.com
  • Location:
    Four Times Square
    New York, NY 10036

Richard Kadlick, co-head of Skadden’s Structured Finance Group, represents underwriters, financial institutions, banks, borrowers and investors in asset-backed and mortgage-backed securities transactions, and owners of and investors in those businesses. He also has represented hedge fund investors in forming investment funds that invest in structured debt obligations, including distressed obligations.

Mr. Kadlick has acted as counsel in a broad variety of public offerings and private placements involving the issuance of all types of structured securities, including asset-backed and mortgage-backed pass-through certificates, notes and bonds; CMOs, CDOs, CBOs and CLOs; and securitized commercial paper notes and participation certificates. His structured finance experience includes transactions in which such instruments have been backed by credit card receivables; underperforming and nonperforming assets; home equity, single-family and commercial mortgage loans; auto and boat loan receivables; federal agency securities; auto and equipment leases; and various other assets.

In the asset- and mortgage-backed area, Mr. Kadlick has worked on many new and innovative structures. For instance, he has worked on the development of the master trust (a widely used vehicle for the issuance of asset-backed securities), balance sheet CLOs, the MACRO (an ETF-like exchange-traded financial product), numerous senior-subordinated structures in the credit card receivables area and many transactions in the structured finance area generally using derivatives.

Mr. Kadlick also has worked on many transactions that are not straight structured finance transactions but involve structured finance techniques, including commercial mortgage loan portfolio purchase transactions, hybrid asset-backed CDO transactions, transactions involving subperforming credit card accounts and commercial and residential mortgage loans, and TALF offerings and equity offerings for entities that invested in TALF securities fundings.

Mr. Kadlick has extensive experience in the area of principal finance and has worked with many hedge funds raising equity to invest in structured finance assets and businesses. As an example, he served as counsel to Goldman, Sachs & Co. on its $3 billion purchase of a portfolio of credit card accounts from Providian National Bank.

Mr. Kadlick also has advised on numerous mergers, acquisitions and controversies involving companies that originate, structure and service structured finance obligations, including Lonestar’s purchase of CIT’s consumer lending business; Citibank’s purchase of Ameriquest; a consortium of hedge funds headed by Starwood Capital in their acquisition of a portfolio (auctioned by the FDIC) of Corus Bank’s multifamily commercial mortgage loans; Merrill Lynch’s litigation involving some of its credit default swaps on mortgage securities; and a large investment bank in dealing with many issues arising in its residential mortgage securitization program, including the effects of the foreclosure crisis on it.

Finally, in connection with mortgage-backed transactions specifically, Mr. Kadlick has served as designated underwriter’s counsel in all of the Resolution Trust Corporation’s (RTC) single-family mortgage loan securitizations. He also has worked on many of the RTC’s nonperforming commercial mortgage loan transactions and has participated in numerous such transactions representing Lehman Brothers; Goldman, Sachs & Co.; Morgan Stanley; and other issuers and underwriters and has worked on many transactions involving the FDIC’s selling of the mortgage assets of failed banks. He also represented iStar Financial Inc. in its innovative collateralized mortgage obligation offerings; Merrill Lynch & Co. in a financing of Towers B and D of the World Financial Center for World Financial Properties; Kmart Corporation in a unique $335 million triple-net lease financing for its stores; and Lehman Brothers in its acquisition of the Westinghouse commercial mortgage loan portfolio.

Mr. Kadlick repeatedly has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business, Chambers USA: America’s Leading Lawyers for Businessand The Best Lawyers in America.

  • Lawyer Bio
  • Client Comments
  • Firm Details
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Lawyer Bio

Richard Kadlick, co-head of Skadden’s Structured Finance Group, represents underwriters, financial institutions, banks, borrowers and investors in asset-backed and mortgage-backed securities transactions, and owners of and investors in those businesses. He also has represented hedge fund investors in forming investment funds that invest in structured debt obligations, including distressed obligations.

Mr. Kadlick has acted as counsel in a broad variety of public offerings and private placements involving the issuance of all types of structured securities, including asset-backed and mortgage-backed pass-through certificates, notes and bonds; CMOs, CDOs, CBOs and CLOs; and securitized commercial paper notes and participation certificates. His structured finance experience includes transactions in which such instruments have been backed by credit card receivables; underperforming and nonperforming assets; home equity, single-family and commercial mortgage loans; auto and boat loan receivables; federal agency securities; auto and equipment leases; and various other assets.

In the asset- and mortgage-backed area, Mr. Kadlick has worked on many new and innovative structures. For instance, he has worked on the development of the master trust (a widely used vehicle for the issuance of asset-backed securities), balance sheet CLOs, the MACRO (an ETF-like exchange-traded financial product), numerous senior-subordinated structures in the credit card receivables area and many transactions in the structured finance area generally using derivatives.

Mr. Kadlick also has worked on many transactions that are not straight structured finance transactions but involve structured finance techniques, including commercial mortgage loan portfolio purchase transactions, hybrid asset-backed CDO transactions, transactions involving subperforming credit card accounts and commercial and residential mortgage loans, and TALF offerings and equity offerings for entities that invested in TALF securities fundings.

Mr. Kadlick has extensive experience in the area of principal finance and has worked with many hedge funds raising equity to invest in structured finance assets and businesses. As an example, he served as counsel to Goldman, Sachs & Co. on its $3 billion purchase of a portfolio of credit card accounts from Providian National Bank.

Mr. Kadlick also has advised on numerous mergers, acquisitions and controversies involving companies that originate, structure and service structured finance obligations, including Lonestar’s purchase of CIT’s consumer lending business; Citibank’s purchase of Ameriquest; a consortium of hedge funds headed by Starwood Capital in their acquisition of a portfolio (auctioned by the FDIC) of Corus Bank’s multifamily commercial mortgage loans; Merrill Lynch’s litigation involving some of its credit default swaps on mortgage securities; and a large investment bank in dealing with many issues arising in its residential mortgage securitization program, including the effects of the foreclosure crisis on it.

Finally, in connection with mortgage-backed transactions specifically, Mr. Kadlick has served as designated underwriter’s counsel in all of the Resolution Trust Corporation’s (RTC) single-family mortgage loan securitizations. He also has worked on many of the RTC’s nonperforming commercial mortgage loan transactions and has participated in numerous such transactions representing Lehman Brothers; Goldman, Sachs & Co.; Morgan Stanley; and other issuers and underwriters and has worked on many transactions involving the FDIC’s selling of the mortgage assets of failed banks. He also represented iStar Financial Inc. in its innovative collateralized mortgage obligation offerings; Merrill Lynch & Co. in a financing of Towers B and D of the World Financial Center for World Financial Properties; Kmart Corporation in a unique $335 million triple-net lease financing for its stores; and Lehman Brothers in its acquisition of the Westinghouse commercial mortgage loan portfolio.

Mr. Kadlick repeatedly has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business, Chambers USA: America’s Leading Lawyers for Businessand The Best Lawyers in America.

Read more on firm website
  • Education
  • Bar Admissions
  • Award List
  • Additional Information

Education:

  • Georgetown University, J.D.
  • Hamilton College, BA

Bar Admissions:

  • Connecticut, Connecticut Bar Association
  • New York, New York State Bar Association

Recognized in The Best Lawyers in America for work in:

  • Securitization and Structured Finance Law

Areas of Expertise:

  • Collateralized Debt Obligations
 

Attorney Client Comments

Firm Details

Image for Skadden, Arps, Slate, Meagher & Flom LLP View Firm Profile
Skadden, Arps, Slate, Meagher & Flom LLP
http://www.skadden.com
 
Headquarters
Four Times Square
New York, NY 10036
(212) 735.3000
23 Office Locations
in 14 Countries

Australia

Australia

Sydney, Australia

131 Macquarie Street, Level 13

Sydney 02000

Australia

61 2 9253 6000

Get Directions

Belgium

Belgium

Brussels, Belgium

523 Avenue Louise

Brussels 1050

Belgium

322 639 0300

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Brazil

Brazil

São Paulo, Brazil

Av. Brigadeiro Faria Lima, 3311 - 7º andar

São Paulo 04538-133

Brazil

55 11 3708 1820

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Canada

Canada

Ontario

Ontario

Toronto, ON

222 Bay Street, Suite 1750

P.O. Box 258

Toronto, ON M5K 1J5

Canada

416-777-4700

Get Directions

China

China

Beijing, China

30/F, China World Office Two

No. One, Jian Guo Men Wai Avenue

Beijing 100004

China

86 10 6535 5500

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Shanghai, China

Plaza 66, Tower One, 36th Floor

1266 Nanjing West Road

Shanghai 200040

China

86 21 6193 8200

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France

France

Paris, France

68, rue du Faubourg

Saint-Honoré

Paris 75008

France

33 1 55 27 11 00

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Germany

Germany

Frankfurt/Main, Germany

TaunusTurm

Taunustor 1

Frankfurt/Main 60310

Germany

49 69 742 20 0

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Munich, Germany

Karl-Scharnagl-Ring 7

Munich 80539

Germany

49 89 244 495 0

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Hong Kong

Hong Kong

Hong Kong, Hong Kong

42/F, Edinburgh Tower, The Landmark

15 Queen's Road Central

Hong Kong

Hong Kong

852 3740 4700

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Japan

Japan

Tokyo, Japan

Izumi Garden Tower, 21st Floor

1-6-1 Roppongi

Minato-ku

Tokyo 106-6021

Japan

81 3 3568 2600

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Russia

Russia

Moscow, Russia

Ducat Place III

Gasheka Street 6

Moscow 125047

Russia

7 495 797 4600

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Singapore

Singapore

Singapore, Singapore

6 Battery Road

Suite 23-02

Singapore 049909

Singapore

65 6434 2900

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South Korea

South Korea

Gangnam-gu

Gangnam-gu

Seoul, Gangnam-gu

26F, Gangam Finance Center

152 Teheran-ro, Gangam-gu

Seoul, Gangnam-gu 135-984

South Korea

82 2 6177 3000

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United Kingdom

United Kingdom

London, United Kingdom

40 Bank Street

Canary Wharf

London E14 5DS

United Kingdom

44 20 7519 7000

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United States

United States

California

California

Los Angeles, CA

300 South Grand Avenue, Suite 3400

Los Angeles, CA 90071

United States

(213) 687.5000

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Palo Alto, CA

525 University Avenue

Palo Alto, CA 94301

United States

(650) 470.4500

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Delaware

Delaware

Wilmington, DE

One Rodney Square

920 North King Street

Wilmington, DE 19801

United States

(302) 651.3000

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District of Columbia

District of Columbia

Washington, DC

1440 New York Avenue, NW

Washington, DC 20005

United States

(202) 371.7000

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Illinois

Illinois

Chicago, IL

155 North Wacker Drive

Chicago, IL 60606

United States

(312) 407.0700

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Massachusetts

Massachusetts

Boston, MA

500 Boylston Street

Boston, MA 02116

United States

(617) 573.4800

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Texas

Houston, TX

1000 Louisiana Street, Suite 6800

Houston, TX 77002

United States

(713) 655.5100

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