John Mcdevitt Email & Phone Number

New York, NY, US

Chiyoda-ku, Tokyo, JP

July 2023- Present: Head of ABL Underwriting

Paris, FR

• Originate, underwrite and syndicate large cap and sponsor backed Asset Based Lending transactions across various industries. Manage a portfolio of ABL accounts including amendments and refinancing.
• Joined team to help build out the Asset Based Lending practice in United States and grow team’s visibility both internally and externally. Supported Head of ABL in implementing commercial / growth strategy
• Managed day to day operations of the ABL team for 3 months in 2015 during time of internal transition, including budget process, management reporting, and implementation of new client prospecting plans and operating.
• Research and write proposals for new product offerings and expansions and present to senior management for approval. Drafted policy and procedures and other industry reports.
• Manage new transactions from origination through structuring and underwriting. Key components addressed include in-depth explanation of business operations, overall risk, financial, transaction and legal structure.
• Analyze and evaluate information from market data services and public filings to identify prospective clients in line with bank parameters

London, GB

• Structured and underwrote middle market and large corporate ABL transactions in the U.S and internationally
• Closed 25 transactions with commitments in excess of $600 million. Agented transactions including multi-country/jurisdictional facilities, participations in syndicated deals, and facilities lending on accounts.
• Underwrote first multi-country agented ABL facility. Obtained approvals in the US and UK as the tranches were booked in the respective jurisdictions, set up the working agreements between the middle office and.
• Business sponsor for HSBC analyst development program- responsible for interviewing, hiring, training and reviewing new analyst class

US

• Structured and underwrote over 15 uni-tranche & equity transactions including newly originated loans (one international –Ireland), follow-financings to portfolio companies and managed between 7 and 10 debt and equity.
• Responsible for the restructuring multiple companies by identifying the key employees, vendors, product lines and implementing cost cutting measures and/or strategic shifts in the business plans
• Prepared detailed presentations for (i) fund managers, (ii) liquidators, (iii) fund investors and (iv) potential equity real estate partners/investors

• 10 transactions including (i) 5 bridge, DIP and POR facilities (ii) 4 participations and (iii) discounted secondary purchase
• Portfolio of 10 senior secured facilities, totaling over $500 million, ensuring compliance with loan agreement, analyzing financials, liquidity, and collateral and coordinating auditors, appraisers and legal counsel
• Prepared/negotiated “master” 3rd party agreements including letter of credit and back office facilities. Assisted in preparation of credit documentation and standard legal documents including proposal letters.

Norwalk, CT, US

• Created financial models and perform sensitivity analysis to analyze investments and prepare recommendations to Senior Management
• Underwrote 3 Senior Secured Facilities totaling approximately $205 million
• Managed 5 Credit Facilities, totaling $250 million, ensuring compliance with loan agreement, analyzing financials, liquidity, and collateral and coordinating auditors, appraisers and external legal counsel
• Researched potential clients and their related industries, involving interviewing executive management and performing financial analysis to recommend asset based and cash flow credit facilities

Norwalk, CT, US

Determined potential credit risk by performing detailed balance sheet and income statement trend analysis Worked with portfolio & underwriting to mitigate collateral risk and maximize credit availabilityReceived award for creating the "Practical Exercise" for the Investment Analyst Training ProgramResponsible for development and growth by.

Managed daily collections and disbursements for 45-50 revolving credit lines, term loans & letters of credit Initiated bank participants settlements in accordance with loan documentation, prepared notifications with participants, initiated customer billing, and prepared monthly statements