Shannon E. Daily

As a partner on the structured finance and securitization team, Shannon focuses on asset-based financing transactions, distressed lending transactions, and securitizations. Shannon represents financial institutions and other players in mortgage warehouse facilities, including early buy-out and gestation facilities, and distressed lending transactions. She also has represented clients with respect to corporate bankruptcy proceedings, out-of-court restructurings, and legal opinions for complex transactions for asset based-lending, safe harbored financial contracts, asset securitizations, and other capital markets transactions.

• Represented publicly traded company in negotiation of $2 billion non-mark-to-market term borrowing facility.
• Represented mortgage real estate investment trusts in global forbearance of relevant repurchase financing arrangements due to margin calls related to COVID-19 pandemic.
• Represented global financial institutions and national mortgage lenders in negotiation of various repurchase and gestation facilities.
• Represented global financial institution in connection with exit financing for mortgage lender exiting bankruptcy.
• Represented national mortgage lender in servicer advance financing and mortgage servicing rights financing.
• Represented working capital lender in repurchase facility for novel assets.
• Represented corporate chapter 11 debtors, including a national blood testing laboratory and its affiliates, a national manufacturing company and its affiliates, and several energy companies and their affiliates, in their bankruptcy cases.
• Represented creditors’ committees and secured and unsecured creditors in numerous chapter 11 cases in various industries, including retail, healthcare, petroleum, energy and finance.
• Represented joint venture partners in unexpected bankruptcy filing by an international retail chain and expedited investigation and reorganization process.
• Represented agent, on behalf of secured lender group, in appeal of a bankruptcy court settlement order to the US Supreme Court.
• Represented various parties to complex transactions by providing insolvency-related structuring advice and legal opinions, including non-consolidation, safe harbor, true sale and authority to file opinions.
• Represented lenders in connection with appointing receivers to manage properties, including hotels and housing units.
• Represented equine rescue organization in the sale of an iconic racehorse training facility that resulted in the preservation of approximately 150 acres by conservation easement.
• Represented major international manufacturing company regarding environmental matters and workout of third party insolvency issues.
• Represented national insurance company regarding disputed beneficiary claims.
• Represented chapter 11 debtors as well as secured and unsecured creditors in various avoidance action proceedings, including preference, turnover and fraudulent transfer actions.
• Represented insurance guaranty association in numerous insurance company insolvencies.
• Represented commercial landlords in unlawful detainer, warrant in debt, garnishment and attachment proceedings.
• Represented clients in complex trades of derivative and other bankruptcy claims and participation rights.

• Selected as a Rising Star for Business & Corporate, The Washington Post Magazine and Virginia & West Virginia Super Lawyers Magazine, 2021-2024
• E. Randolph Williams Award for Outstanding Pro Bono Service, 2010-2020
• Selected as one of Richmond’s Top 40 Under 40 by Style Weekly, 2017 

• Member, Community Outreach Committee, Structured Finance Association’s Women in Securitization
• Member, American Bankruptcy Institute
• Member, Richmond Bar Association
• Member, Virginia Bar Association
• Member, Phi Beta Kappa Society
• Development Committee, CancerLINC
• Co-President, Central Virginia Combined Training Association