Overview
Finance Attorney

Michael's experience encompasses leveraged buyout and leveraged recapitalization loans, asset-based loans and real estate financing. His practice also focuses on representing lenders and borrowers on workouts and restructuring of troubled credits.
Additionally, Michael advises significant companies on different areas of corporate law, including mergers and acquisitions. He also serves as the outside general counsel for numerous companies assisting them with respect to day-to-day business issues.
In 2018, Michael was reappointed by Gov. Rick Snyder to a second three-year term on the Commission on Middle Eastern American Affairs. The commission works within the Department of Civil Rights and acts in an advisory capacity to the governor.
Chambers USA, which ranks top lawyers and law firms, notes that Michael “is adept at representing both borrowers and lenders in a wide variety of financing transactions. Peers highlight his rising profile in the market and identify him as a good lawyer." Interviewees further declare him to be “an expert at debt instruments” whose “interface with lenders is extremely helpful.”
For more information, please contact Michael Romaya at 248/567-7419 or mjromaya@varnumlaw.com
Experience
Experience
Represented borrowers with locations in the United States and Canada (including Quebec) in connection with a multi-currency syndicated secured credit facility, featuring a revolving loan facility with a swingline and letter of credit sublimits ($210 million).
Represented borrowers (family office-owned) in a multi-bank acquisition financing transaction featuring a revolving loan facility with a swing line and a term loan ($95 million).
Represented lead lender in a multi-bank acquisition financing transaction, involving senior and subordinated positions ($55 million).
Represented lead lender in a multi-bank financing transaction, including an accordion feature ($50 million).
Represented lead lender in a multi-bank workout of an automotive supplier ($33 million).
Represented borrowers (private equity-owned) in a financing transaction involving senior and subordinated positions ($31 million).
In re Goodrich Quality Theater, Inc. (Bankr. W.D. Mi. 2020) (regional movie theater chain) (represented senior agent and lenders of $30 Million in pre-petition workout and subsequent Chapter 11 sales of substantially all of the borrower's assets, including representing agent and lead lender in debtor-in-possession financing facility)
Sale of a privately owned automotive supplier to a publicly traded company.
Acquisition of a large portfolio of national cellular phone retail locations.
Leadership
Honors & Recognitions
Chambers USA©: America’s Leading Lawyers for Business, recognized practitioner
DBusiness©, Top Lawyers, Banking and Financial Services Law, 2020
Leadership Detroit, Class of 2018
Professional Affiliations
Association for Corporate Growth, Detroit
State Bar of Michigan
Turnaround Management Association, Detroit
Community Involvement
Commission on Middle Eastern American Affairs
News & Publications
News
Publications
Practice Areas
Education
University of Detroit Mercy School of Law
Detroit, Michigan
J.D., M.B.A., 2005
University of Michigan
Ann Arbor, Michigan
B.A., Economics, 2001
Bar Admissions
- Michigan
Court Admissions
- All Michigan state courts