Daniel Nicholas

Biography

Daniel Nicholas
Daniel Nicholas is a partner in Weil’s Tax Department and is based in Washington, D.C. Daniel’s practice covers worldwide finance, capital markets and derivatives transactions. His areas of focus include debt instruments (such as debt modifications and restructurings, interest deductibility, tax fungibility and withholding), asset based financing transactions (such as securitizations and receivable based borrowing) and derivatives (such as convertible debt and prepaid forward contracts). He also focuses on international tax planning and transactions as well as the taxation of financial products.

Experience

Banking & Finance

  • Asurion LLC in numerous offerings, including a $3.3 billion incremental first and second lien facilities; $1.2 billion first lien term facilities; a $1.18 billion incremental first lien term facilities to fund the prepayment of a portion of the outstanding new B-7 term loans
  • Campbell Soup Company in a $1.85 billion senior unsecured revolving facility
  • Cava Group, Inc., a portfolio company of T. Rowe Price Group, in a senior secured revolving facility
  • Citi in numerous offerings, including a $9.1 billion committed unsecured bridge financing to support the pending acquisition by Parker-Hannifin Corporation of Meggitt plc; a $2.75 billion amended and extended senior unsecured revolving facility for Becton, Dickinson and Company; a $1.7 billion senior secured revolving and term facilities for AZZ Inc. to finance the acquisition of the Precoat Metals business segment of Sequa Corporation (a portfolio company of Carlyle Group)
  • Dun & Bradstreet Corporation in its $3.9 billion incremental secured term loan and revolving facility
  • The Estée Lauder Companies Inc. in a $2.5 billion senior unsecured multicurrency revolving credit facility to replace, and increase commitments under, its existing facility
  • Johnson & Johnson in its $10 billion 364-day revolving facility
  • JPMorgan Chase, as administrative and collateral agent, lead arranger and joint bookrunner, in its upsized $2.75 billion senior secured term and revolving facility for Clarios Global LP (a subsidiary of Brookfield Business Partners)
  • The Kroger Co in a $4.75 billion senior unsecured term facility to support its $24.6 billion acquisition of Albertsons Companies, Inc.
  • The lead arrangers, joint bookrunners and agents in $1.1 billion first and second lien multicurrency facilities to finance KKR's acquisition of a majority stake in ERM
  • Trinity Acquisition PLC (a subsidiary of Willis Towers Watson PLC (Ireland) in an amended and restated $1.5 billion senior unsecured revolving facility

Capital Markets

  • Avolon Holdings Limited in a $1.15 billion 144A offering of senior notes by Avolon Holdings Funding Limited, a direct wholly owned subsidiary of Avolon
  • Arrival Ltd. in its $320 million offering of senior unsecured 144A/Reg S green convertible notes, concurrently with its $354 million follow-on offering of ordinary shares, to generate operating capital
  • Black Knight, Inc. (BK) in a $1 billion private offering pursuant to Rule 144A of senior unsecured notes by its subsidiary, Black Knight InfoServ, LLC, to finance BK's acquisition of Optimal Blue Holdings, LLC
  • Blue Bird Corporation and an affiliate of American Securities, LLC, as selling stockholder, in a $133 million secondary offering of 4,042,650 shares of common stock
  • The Estée Lauder Companies Inc. in its $650 million offering of investment grade senior unsecured notes
  • Goldman Sachs, J.P. Morgan Securities, Mizuho and another financial institution, as representatives of the underwriters, in a $3 billion investment grade senior notes offering for Keurig Dr Pepper Inc.
  • Goldman Sachs, Deutsche Bank and Citi, as a dealer managers, in the $4.6 billion senior notes exchange offer and consent solicitation by S&P Global Inc. in connection with S&P Global's acquisition of IHS Markit Ltd.
  • Iron Mountain Incorporated in private offerings aggregating $3.5 billion pursuant to Rule 144A of senior unsecured notes and its $750 million offering of senior unsecured 144A / Reg S notes to finance its acquisition of ITRenew, Inc.
  • Johnson & Johnson in numerous offerings, including a multi-tranche $7.5 billion senior unsecured notes offering to, primarily, finance its acquisition of Momenta Pharmaceuticals, Inc.; a multi-tranche $4.5 billion senior notes offering; and its U.S. and euro-commercial paper programs
  • Morgan Stanley & Co. and another financial institution, as representatives of the underwriters, in a $1.5 billion offering of senior notes by Tyson Foods, Inc.
  • Morgan Stanley and the other managers in a $6.25 billion Rule 144A private offering of senior unsecured notes by Nutrition & Biosciences, Inc. to finance in part its merger with International Flavors & Fragrances Inc. (IFF) following N&B's spin-off by DuPont
  • Office Properties Income Trust, a REIT, in its $300 million 144A/Reg S offering of 9.000% senior secured notes due 2029
  • Truist Securities, Wells Fargo Securities and another financial institution, as representatives of the underwriters, in a $500 million offering of senior notes by McCormick & Company, Incorporated

Restructuring

  • Arcade Beauty in connection with its out-of-court recapitalization that received support from 100% of its lenders and shareholders, extinguished a substantial amount of debt, and provided the company with a new capital infusion
  • CEC Entertainment, Inc. in a $200 million senior secured debtor-in-possession term facility to finance business operations during its chapter 11 bankruptcy proceedings and $375 million first and second lien term exit facilities to finance business operations upon emerging from its chapter 11 bankruptcy proceedings
  • Prepetition secured lenders in chapter 11 cases of Clovis Oncology, Inc. and its affiliates
  • Fieldwood Energy LLC (n/k/a QuarterNorth Energy Holding Inc.) in a $100 million senior secured debtor-in-possession facility to finance business operations during its chapter 11 bankruptcy proceedings; $1.8 billion amended and restated first and second lien facilities to finance operations upon its exit from bankruptcy proceedings; and $119 million first lien exit term, $185 million second lien exit term and $200 million senior secured revolving facilities to finance its business operations upon emerging from chapter 11 bankruptcy proceedings
  • DIP lender, first lien lender, and successful stalking horse bidder in the chapter 11 cases of Tamarac 10200, LLC and Unipharma, LLC, manufacturer of OTC and nutraceutical products
  • Redbox Entertainment Inc. in connection with its financing efforts and merger with Chicken Soup for the Soul Entertainment, Inc.
  • Talen Energy Supply, LLC in its chapter 11 cases with approximately $5 billion in funded debt obligations
  • iFIT Health & Fitness Inc. in connection with a $355 million capital raise and restructuring of hundreds of millions of other Company obligations

Structured Finance

  • Apollo Global Management in numerous offerings, including as sponsor, and Donlen Fleet Lease Funding 2, as issuer, in Donlen's $1.9 billion issuance of four classes of Series 2021-1 asset backed variable funding notes secured by a collateral pool of Donlen-managed vehicle lease; a Donlen's $1 billion issuance of six classes of Series 2021-2 asset backed fixed and floating rate 144A notes secured by a collateral pool of Donlen-managed vehicle leases
  • Apollo on various consumer, equipment lease, rental car and other ABS warehouses, financings and refinancings
  • Apollo and Redding Ridge on their European CLOs
  • Choron Holdings Pte Ltd., as sponsor and its affiliates, as sellers and servicers, in connection with a $100 million dollar cross border 4(a)(2) asset backed note issuance
  • Credit Suisse, as lender and structuring agent, in an asset-backed financing to support the acquisition by a KKR-led consortium of a $1.1 billion music portfolio that includes more than 62,000 copyrights across the music genres including pop, rock and country by artists and songwriters, from Kobalt Music Royalty Fund II
  • Enterprise Fleet Management, Inc., as sponsor and servicer, in the issuance by Enterprise Fleet Financing 2022-1, LLC of $1.3 billion 144A asset-backed notes collateralized by leases generated through Enterprise's fleet leasing business

Prior to joining Weil, Daniel was a Tax partner at another international law firm. He received his LL.M. in Taxation, with distinction, from Georgetown University Law Center and his J.D. and B.A., with honors, from the University of Virginia School of Law.

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