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Frederick W. Runge, Jr.


Principal
Frederick W. Runge, Jr.

J

oe Runge represents asset-based lenders, mezzanine lenders, financial institutions and other business creditors in a full range of transactions, policy and strategies. He currently serves as counsel to lenders with offices in Baltimore, Philadelphia, New York, Chicago, Charlotte, Atlanta and Columbus, Ohio. Joe's finance transactions routinely include:

  • Event-driven financing including mergers, stock and asset acquisitions, private equity and management buyouts, cash-out distributions and ESOPs
  • Complex subordinated debt and subordinated collateral transactions
  • Revolving credit, term loan, capital expenditure and letter of credit facilities
  • Representation of the administrative and collateral agent in syndicated and club credit facilities
  • Traditional accounts receivable and inventory financing
  • Supply chain financing including factoring and buyer-sponsored programs
  • Cross-border and multi-currency facilities
  • Credits secured by foreign assets
  • Secured loans involving bankruptcy remote entities
  • Equity participations (including warrants)
  • Restructurings, workouts and bankruptcies (including debtor-in-possession financings)
  • Specialized collateral structures such as ESOP loans, loans to government contractors and secured loans to borrowers covered by PACA and PASA.

Joe also regularly serves as counsel on a variety of credit policy projects for national, regional and local financial institutions and for credit managers of Miles & Stockbridge's business clients. These projects include establishment of due diligence policies, loan form documentation, invoice and purchase order documentation, equipment leasing, interest and usury issues and lender liability prevention and defense.

Joe has extensive experience in loan workouts, troubled credits and restructurings, which often entail complicated and sensitive negotiations and document preparation. Joe has handled both personal property and real estate foreclosures and advises his lender clients on workout and collection strategies and tactics.

Joe at different times chaired the Firm's Transactional Finance Practice and the Firm's Bankruptcy and Creditors' Rights Group.

Affiliations & Recognition

Recognition

  • Baltimore SmartCEO Magazine: 'Smart Lawyer' (2008); 'Legal Elite' (2010); Recipient of Inaugural 'Smart Lawyer Choice Award' (2008)

  • Best Lawyers in America®: "Lawyer of the Year" - Banking and Finance Law (2012, 2018 and prior, Baltimore)

  • Best Lawyers in America®: Selected for inclusion in the areas of Banking and Finance Law and Corporate Law (2001-2019)

  • M&A Advisor Turnaround Award Winner: Major Deals: Refinancing of the Year: Turnaround and Restructuring of Classic Brands and Sector Deal Category: Consumer and Retail Products Deal of the Year ($50 Million and under): Turnaround and Restructuring of Classic Brands (2012)  

  • Martindale-Hubbell Peer Review Rating: AV Preeminent® Rated

Blogs

Case Examples

Acquisition of Assets

We represented a local private equity firm, through one of its portfolio companies, in the acquisition of assets of Blue Rave...

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