Leila Souhail Cetrone

Senior Associate

Leila Cetrone works with clients of Choate’s Finance & Restructuring Group. She handles complex financial transactions for banks and institutional investors, borrowers, and issuers in a full range of complex financial transactions, including asset-based, cash flow and other secured and unsecured credit facilities to companies in a variety of industries, including retail, technology, sports and healthcare.

Representative Engagements

  • Agent, for a syndicate of lenders, in connection with a $1.5 billion unsecured senior credit facility to a public university.
  • Second Avenue Capital Partners in $112 million Senior Secured Revolving Credit Facility and Term Loan to Backcountry, a specialty retailer of outdoor gear and apparel.
  • Citizens Bank, N.A., as agent, in connection with an $85 million senior secured asset-based revolving credit facility to Thryv, Inc., a publicly traded software as a service company and operator of Yellow Pages, and certain of its domestic and Australian subsidiaries.

  • Citizens Bank, N.A., as agent, in connection with a $150 million senior secured loan to Steven Madden, Ltd.

  • Wells Fargo, N.A., as agent, in connection with a widely syndicated $1.5 billion senior secured loan to Kohl's Corporation and its subsidiaries.

  • The Carlyle Group in second lien term loan to Le Tote in connection with its purchase of Lord & Taylor from Hudson's Bay Company.

  • Tiger Capital Group , as lender, in connection with a $80 million senior secured loan to Casper Sleep, Inc.

  • PNC Bank, N.A., as agent, in connection with a $400 million senior secured loan to CarGurus, Inc.

  • PNC Bank, N.A., as agent, in connection with a $900 million senior secured loan to Big Lots, Inc.

  • Callodine Commercial Finance, LLC, as agent, in connection with a $30 million second lien loan to Ste. Michelle Wine Estates LLC.

  • Citizens Bank, N.A., as agent, in connection with a senior secured loan to Luxury Brand Holdings, Inc.

  • Pathlight Capital, as agent, in connection with a senior secured loan to Rubicon Global, LLC.

Professional and Community Involvement

  • Member of the Massachusetts Bar Association
  • Member of the Boston Bar Association

Education & Credentials

Boston College Law School
JD, 2018, cum laude
Senior Editor, Boston College Law Review
College of the Holy Cross
BA, 2015, cum laude

Admissions

Massachusetts

Leila's Insights

Announcements 09.18.2024

Choate Represents Second Avenue Capital Partners in $112M Senior Secured Revolving Credit Facility and Term Loan to Backcountry

Choate represented Schottenstein affiliate Second Avenue Capital Partners in a $112M Senior Secured Revolving Credit Facility and Term Loan for Backcountry, the leading premium specialty retailer of outdoor gear and apparel. 

Announcements 12.27.2023

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.

Announcements 08.23.2021

Pathlight Capital Agents $50MM Senior Secured Term Facility for My Alarm Center, LLC

Choate represented Pathlight Capital as agent in its $50MM senior secured term loan facility (“the Term Loan”) to My Alarm Center, LLC, and certain of its affiliates.

Announcements 09.09.2020

Second Avenue Capital Partners Provides $35M Loan to Sur La Table

Choate represented Second Avenue Capital Partners in a $35 million loan to a joint venture of CSC Generation Holdings and Marquee Brands in support of their recently acquired high-end kitchenware retailer Sur La Table.

Announcements 08.03.2020

Citizens Bank Makes $150 Million Loan to Steve Madden

Choate represented Citizens Bank, N.A., as Agent, in connection with a $150,000,000 senior secured loan to Steven Madden and various of its subsidiaries.

Announcements 11.12.2019

The Carlyle Group Finances Le Tote’s Acquisition of Lord + Taylor

Choate represented The Carlyle Group, and its global credit platform, in its recent second lien term loan to Le Tote in connection with the fashion rental subscription service’s purchase of Lord + Taylor from Hudson's Bay Company.