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Joe Runge represents asset-based lenders, financial institutions and other business creditors in a full range of commercial financing transactions, policy and strategies. He currently serves as counsel to lenders with offices in Baltimore, Philadelphia, New York, Chicago, Charlotte, Wilmington and Atlanta. Mr. Runge’s commercial finance transactions routinely include: Revolving credit, term loan, capital expenditure and letter of credit facilities Representation of the administrative and collateral agent in syndicated and club credit facilities Leveraged buy-outs Complex senior and subordinated debt and subordinated collateral transactions Traditional accounts receivable and inventory financing Factoring Cross-border and multi-currency facilities Credits secured by foreign assets Secured loans involving bankruptcy remote entities Equity participations (including warrants) Restructurings and loan workouts (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. Mr. Runge 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. Mr. Runge has extensive experience in loan workouts, troubled credits and restructurings, which often times entail complicated and sensitive negotiations and document preparation. Mr. Runge has handled both personal property and real estate foreclosures and advises his lender clients on workout and collection strategies and tactics. Mr. Runge chairs the Firm's Transactional Finance Practice Group and was formerly the chair of the Bankruptcy and Creditors' Rights Group. Practice Areas: Banking & Finance Asset-Based Lending & Commercial Finance Healthcare Finance Bankruptcy & Creditors' Rights Bar Admissions/Court Admissions:Maryland Education:University of Maryland, J.D. 1974, Order of the Coif. Loyola College, B.A. 1970, Magna Cum Laude, and Alpha Sigma Nu. Affiliations, Associations and Special Achievements: Best Lawyers in America Publications: Back to the Basics With Term B Loans, abfjournal (October 2004). Little Things That Nag Your Attorney, abfjournal (October 2005). Sharing the Meal: Mezzanine Lenders at the Table, abfjournal (June 2003). Contributor, Forms under Revised Article 9, Uniform Commercial Code Committee, American Bar Association. | 